GMWB definition

GMWB means the joint committee set up by the Councils pursuant to Clause 9 (Growing Mid Wales Board) of this Agreement
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Examples of GMWB in a sentence

  • The Per Contract Expense Allowance does not apply to GMWB Riders or Non–GMWB Riders.

  • The Per Contract Expense Allowance does not apply to GMWB Riders or Non– GMWB Riders.

  • We will not terminate the Contract if you own an optional Guaranteed Minimum Withdrawal Benefit (GMWB) rider and a withdrawal reduces the Contract Value to an amount less than or equal to the Minimum Contract Value to Avoid Contract Termination as shown in the Contract Specifications.

  • For Claims under the guaranteed withdrawal benefit ("GMWB") Riders, the Reinsurer will pay its proportionate share of any Income Payments or lump sum amount payable under the terms of the Reduction in Contract Value provisions in the Rider reinsured hereunder.

  • We will not terminate the Contract if you own an optional Guaranteed Minimum Withdrawal Benefit (GMWB) rider and a withdrawal reduces the Net Contract Value to an amount less than $1,000.

  • The JOSSC shall meet at least quarterly, having regard of the GMWB Meetings.

  • The Councils shall use their reasonable endeavours to convene a meeting of its Leaders and Chief Executives/ Cabinet Meeting as soon as reasonably practicable and in any event within three (3) weeks of the GMWB Meeting.

  • To provide a professional support team for the successful delivery of the agreed work programme of the GMWB as outlined within this Agreement (principally, the delivery of the MWGD Portfolio and implementation of the Regional Skills Partnership).

  • To co-ordinate the development and delivery of MWGD Portfolio Business Case, on behalf of GMWB.

  • The Clerk shall not participate or vote at GMWB Meetings but may attend (where required by the GMWB).