OWNERSHIP PROVISIONS. OWNER - The Owner and any applicable Joint Owner are named on the Contract Schedule. If there is an Owner and Joint Owner for this contract, then both owners must agree to any change in this contract. If one Owner dies, the surviving Owner retains all rights of this contract. All references within this contract to Owner will apply to both the Owner and Joint Owner or either of them. The Owner may exercise all the rights of this contract, subject to the rights of:
OWNERSHIP PROVISIONS. 8,9 Ownership ............................................................ 8
OWNERSHIP PROVISIONS. OWNER -- You may exercise every option and right conferred by this Contract. Where the Contract is owned jointly, the consent of both Owners is required in order to exercise any ownership rights. Upon written request to the Service Center prior to the death of an Owner, you may request the addition, change or removal of an Owner. You must furnish information sufficient to clearly identify a new Owner to us. An addition, change, or removal of an Owner is subject to our approval. If we approve the change, the effective date of the change will be the date the request was signed by you, except for action taken by us prior to receiving the request. Any change is subject to the payment of any proceeds. We may require you to return this Contract to us for endorsement of a change. . Changing the owner may result in certain tax consequences to you. ANNUITANT -- The original Annuitant is shown in the Contract Schedule. Before the Annuity Date, you may add, change, or remove an Annuitant by written request to our Service Center. The addition, change or removal of an Annuitant is subject to our approval. After the Annuity Date, you may not add, change, or remove an Annuitant. For Contracts with non-natural Owners, changing the Annuitant may result in certain tax consequences. We may require you to return this Contract to us for endorsement of a change. There must be at least one Annuitant at all times. If an Annuitant who is not an Owner dies prior to the Annuity Date, a surviving joint Annuitant, if any, will become the sole Annuitant. If there is no surviving joint Annuitant, the Owner may name a new Annuitant. If the Owner does not name a new Annuitant, the youngest Owner will become the new Annuitant. We will not pay a Death Benefit upon the death of an Annuitant unless the sole Owner is a non-natural person. If the sole Owner is a non-natural person, we will pay a Death Benefit of the Contract Value less any applicable premium taxes upon the death of an Annuitant. If the sole Owner is a non-natural person, we will pay the Contract Value less any applicable premium taxes upon a change in an Annuitant. This will terminate the Contract. Joint Annuitants are only permitted in Non-Qualified Contracts. Under Qualified Contracts, the Owner and the Annuitant generally must be the same individual.
OWNERSHIP PROVISIONS. Contractor agrees that it shall include and enforce such ownership provisions in all subcontracts, if any, to ensure the exclusivity of the Company ownership as described in Section 7.1 above. The Company, its successors and assigns, shall have the unfettered right to obtain, and to hold in its own name, patents, copyrights, registrations, or such other intellectual property rights and protections as may be appropriate. All Deliverables shall bear the Company’s copyright and trade secret notices.
OWNERSHIP PROVISIONS. OWNER - The Owner is named in the Contract Schedule. The Owner may exercise all the rights of this contract, subject to the rights of:
OWNERSHIP PROVISIONS. Consultant agrees that it shall include and enforce such ownership provisions in all subcontracts, if any, to ensure the exclusivity of Net2000 ownership as described in Section 5.1 above. Net2000, its successors and assigns, shall have the unfettered right to obtain, and to hold in its own name, patents, copyrights, registrations, or such other intellectual property rights and protections as may be appropriate.
OWNERSHIP PROVISIONS. OWNER OF CONTRACT - The annuitant is the original owner unless otherwise provided in the application. Before the annuity date or any distribution of death benefit, you have the right to cancel or amend this contract if we agree. You may exercise every option and right conferred by this contract including the right of assignment. The joint owners must agree to any change if more than one owner is named. CHANGE OF OWNERSHIP - You may change the owner by written request at any time while the annuitant is alive. You must furnish information sufficient to clearly identify the new owner to us. The change is subject to any existing assignment of this contract. When we record the effective date of the change, it will be the date the notice was signed except for action taken by us prior to receiving the request. Any change is subject to the payment of any proceeds. We may require you to return this contract to us for endorsement of a change.
OWNERSHIP PROVISIONS. Ownership of Separate Account The Company has absolute ownership of the assets in the Separate Account. However, the Company is not, and does not hold itself out to be, a trustee in respect of any amounts under the Separate Account.
OWNERSHIP PROVISIONS. All ownership rights of the Certificate Owner, Joint Certificate Owner, Contingent Certificate Owner, Annuitant, Contingent Annuitant and Beneficiary are defined in the Certificate Agreement.
OWNERSHIP PROVISIONS. Owner. You, as the Owner, have all the interest and rights under the Contract. Subject to our administrative procedures, we may also permit ownership by a corporation (a type of non-natural person) or other legal entity. These rights include the right to:
