Optional Business definition

Optional Business means the portion of the Business and the business of the Seller Subsidiaries involving the issuance, underwriting, reinsurance, sales, marketing or administration of any product or arrangement sold or marketed as “life insurance” within the meaning of section 7702 of the Code, involving a death benefit purportedly excluded from income from under section 101 of the Code, constituting an annuity, endowment or life insurance contract the proceeds from which are or purport to be subject to section 72 of the Code, or included in the Supplemental Contracts (within the meaning of the Methodologies).
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Examples of Optional Business in a sentence

  • Following the date hereof, Seller shall continue to permit Purchaser to investigate any issues regarding the treatment for Tax purposes of the Optional Business (including the treatment for Tax purposes of the holders and beneficiaries of Insurance Contracts included therein).

  • Business Connect™ is available in the following tiers: Standard Business Connect™ Standard Optional Business Connect™ Premium Business Connect™ Phone and Install Optional Business Connect™ Premium Plus We provide Business Connect™ on a per user basis, with each user receiving a license to use one VoIP phone line.

  • Monthly Access Per Line when added to an eligible voice plan Data Allowance Rate After Allowance Optional Business Email Feature Compatible with server based email solutions $10.00 (3G 73702) (4G 76445) 75 MB $10.00 per each additional 75 MB of usage N/A $30.00 $23.40* (Smartphone 76375) (Basic 76381) 2 GB** $10.00 per each additional GB of usage $15.00 Notes: Current coverage details can be found at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇.

  • Purchaser shall retain, and indemnify and hold Sellers harmless from, all liabilities with respect to Purchaser’s selection, offer and retention process with respect to the Optional Business Employees, which liabilities, for the avoidance of doubt, shall not include any severance obligations from or related to Purchaser’s selection, offer and retention process with respect to the Optional Business Employees.

  • Purchaser shall make all Optional Employee Offers no later than thirty (30) days prior to the Closing Date and shall provide the Optional Business Employee at least seven (7) days to accept the offer of ongoing employment.

  • Optional Business class for long haul flights subject to prior agreement.

  • Within two (2) days of any Optional Business Employee’s acceptance or rejection of an Optional Employee Offer, Purchaser shall notify Sellers of such acceptance or rejection.

  • With respect to any Business Employee who accepts an Optional Employee Offer, Purchaser shall, or shall cause its post-Closing Affiliate to, hire such Optional Business Employee (each such individual who commences employment with Purchaser or its post-Closing Affiliate, a “Continuing Employee”) effective as of the Closing.

  • Business Connect™ is available in the following tiers: Standard Business Connect™ Enhanced Business Connect™ Phone and Install Optional Business Connect™ Complete Optional Business Connect™ Complete Plus We provide Business Connect™ on a per user basis, with each user receiving a license to use one VoIP phone line.