Supplementary Contract Sample Clauses

Supplementary Contract. Once proceeds become payable and an income option has been selected, we will issue a supplementary contract to reflect the terms of the selected option. The contract will name the Payee(s) and will describe the payment schedule.
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Supplementary Contract. When We receive Notice requesting a Settlement Option, We issue a Supplementary Contract in exchange for this Contract, stating the terms under which We make payments. The Supplementary Contract states to whom We pay any remaining Proceeds if the Payee dies. Once a Supplementary Contract is in effect the method of pay-out cannot be changed and the contract cannot be commuted or assigned. If any Owner of the Supplementary Contract dies before payments are complete, We pay any remaining balance at least as rapidly as under the method of payment in effect on the Owner’s date of death; provided however, that if the Owner is not an individual, then the Annuitant is deemed the Owner for purposes of this requirement. ICC10-INDEX-4-09R TABLE 1 INCOME FOR SPECIFIED PERIOD FACTORS NO. OF YEARS PAYABLE MONTHLY INSTALLMENTS* NO. OF YEARS PAYABLE MONTHLY INSTALLMENTS* 1 N/A 11 8.42 2 N/A 12 7.80 3 N/A 13 7.26 4 N/A 14 6.81 5 17.49 15 6.42 6 14.72 16 6.07 7 12.74 17 5.77 8 11.25 18 5.50 9 10.10 19 5.26 10 9.18 20 5.04 * Monthly installments shown are for each $1,000 of net Proceeds applied at 2% Interest, which is subject to change as described on Page 17, Interest On Settlement Options. ICC10-INDEX-4-09R TABLE 2 LIFE INCOME WITH SPECIFIED PERIOD CERTAIN FACTORS 120 240 120 240 Life Only Months Certain Months Certain Life Only Months Certain Months Certain Age Male Female Male Female Male Female Age Male Female Male Female Male Female 15 $ 2.28 $ 2.21 $ 2.28 $ 2.21 $ 2.28 $ 2.21 65 $ 5.14 $ 4.65 $ 4.96 $ 4.55 $ 4.39 $ 4.21 16 $ 2.30 $ 2.23 $ 2.30 $ 2.23 $ 2.30 $ 2.23 66 $ 5.32 $ 4.79 $ 5.10 $ 4.68 $ 4.45 $ 4.29 17 $ 2.32 $ 2.24 $ 2.32 $ 2.24 $ 2.31 $ 2.24 67 $ 5.50 $ 4.95 $ 5.25 $ 4.82 $ 4.51 $ 4.36 18 $ 2.34 $ 2.26 $ 2.34 $ 2.26 $ 2.33 $ 2.26 68 $ 5.70 $ 5.11 $ 5.40 $ 4.96 $ 4.57 $ 4.43 19 $ 2.36 $ 2.28 $ 2.35 $ 2.28 $ 2.35 $ 2.27 69 $ 5.91 $ 5.29 $ 5.56 $ 5.11 $ 4.63 $ 4.50 20 $ 2.37 $ 2.29 $ 2.37 $ 2.29 $ 2.37 $ 2.29 70 $ 6.13 $ 5.48 $ 5.72 $ 5.27 $ 4.68 $ 4.57 21 $ 2.39 $ 2.31 $ 2.39 $ 2.31 $ 2.39 $ 2.31 71 $ 6.37 $ 5.69 $ 5.89 $ 5.44 $ 4.73 $ 4.63 22 $ 2.41 $ 2.33 $ 2.41 $ 2.33 $ 2.41 $ 2.33 72 $ 6.62 $ 5.91 $ 6.06 $ 5.61 $ 4.78 $ 4.69 23 $ 2.44 $ 2.35 $ 2.43 $ 2.35 $ 2.43 $ 2.34 73 $ 6.89 $ 6.16 $ 6.24 $ 5.80 $ 4.82 $ 4.74 24 $ 2.46 $ 2.37 $ 2.46 $ 2.37 $ 2.45 $ 2.36 74 $ 7.18 $ 6.42 $ 6.41 $ 5.98 $ 4.85 $ 4.79 25 $ 2.48 $ 2.39 $ 2.48 $ 2.39 $ 2.47 $ 2.38 75 $ 7.49 $ 6.70 $ 6.59 $ 6.18 $ 4.89 $ 4.83 26 $ 2.50 $ 2.41 $ 2.50 $ 2.41 $ 2.50 $ 2.40 76 $ 7.82 $ 7.01 $ 6...
Sample 1
Supplementary Contract. 13 A supplemental contract shall be renewed for the next ensuing year, unless prior to June 1, the 14 district notifies the individual contract holder and the Association in writing that the contract will 15 not be renewed. Such non-renewal notice must set forth specifically all reasons for the non- 16 renewal. No supplemental contract shall be non-renewed for any reason not set forth specifically in 17 the notice of non-renewal, or if precluded by specific contractual provisions. 19 Section 8: Release from Supplemental Contract 21 Employees on extracurricular contracts will be released from said contract(s) given the meeting of 22 one of the following conditions:
Sample 1
Supplementary Contract. When an Annuity Option becomes effective, this Contract will be amended to include a Supplementary Contract. The Supplementary Contract will provide for the manner of settlement and rights of the Annuitant. The Supplementary Contract Effective Date will be the Annuity Date or the date of other settlement, whenever the Annuity Option becomes effective. The first payout will be payable as of the Supplementary Contract Effective Date. PAYOUT OPTIONS Annuity Payouts can be made under a Variable Annuity Payout, a Fixed Annuity Payout, or a Combination Annuity Payout, each under various Payout Period Options. Each of these options is described below. A Variable Annuity is an annuity with payouts which:
Sample 1
Supplementary Contract. A. There shall be a Supplementary Employee Contract for extracurricular and special assignments which shall not exceed one (1) year and shall be in accordance with statutory provisions. The District shall also adopt a job description for each position for which a Supplementary Contract is issued.
Sample 1
Supplementary Contract. When We receive Notice requesting a Settlement Option, We issue a Supplementary Contract in exchange for this Contract, stating the terms under which We make payments. The Supplementary Contract states to whom We pay any remaining Proceeds if the Payee dies. Once a Supplementary Contract is in effect the method of pay-out cannot be changed and the contract cannot be commuted or assigned. If any Owner of the Supplementary Contract dies before payments are complete, We pay any remaining balance at least as rapidly as under the method of payment in effect on the Owner’s date of Death. TABLE 1 INCOME FOR SPECIFIED PERIOD FACTORS NO. OF YEARS PAYABLE MONTHLY INSTALLMENTS* 1 N/A 2 N/A 3 N/A 4 N/A 5 17.49 6 14.72 7 12.74 8 11.25 9 10.10 10 9.18 11 8.42 12 7.80 13 7.26 14 6.81 15 6.42 16 6.07 17 5.77 18 5.50 19 5.26 20 5.04 * Monthly installments shown are for each $1,000 of net Proceeds applied at 2% interest, which is subject to change as described on Page 13, Interest On Settlement Options. TABLE 2 LIFE INCOME WITH SPECIFIED PERIOD CERTAIN FACTORS Life Only 120 Months Certain 240 Months Certain Age Male Female Male Female Male Female 15 $ 2.28 $ 2.21 $ 2.28 $ 2.21 $ 2.28 $ 2.21 16 $ 2.30 $ 2.23 $ 2.30 $ 2.23 $ 2.30 $ 2.23 17 $ 2.32 $ 2.24 $ 2.32 $ 2.24 $ 2.31 $ 2.24 18 $ 2.34 $ 2.26 $ 2.34 $ 2.26 $ 2.33 $ 2.26 19 $ 2.36 $ 2.28 $ 2.35 $ 2.28 $ 2.35 $ 2.27 20 $ 2.37 $ 2.29 $ 2.37 $ 2.29 $ 2.37 $ 2.29 21 $ 2.39 $ 2.31 $ 2.39 $ 2.31 $ 2.39 $ 2.31 22 $ 2.41 $ 2.33 $ 2.41 $ 2.33 $ 2.41 $ 2.33 23 $ 2.44 $ 2.35 $ 2.43 $ 2.35 $ 2.43 $ 2.34 24 $ 2.46 $ 2.37 $ 2.46 $ 2.37 $ 2.45 $ 2.36 25 $ 2.48 $ 2.39 $ 2.48 $ 2.39 $ 2.47 $ 2.38 26 $ 2.50 $ 2.41 $ 2.50 $ 2.41 $ 2.50 $ 2.40 27 $ 2.53 $ 2.43 $ 2.53 $ 2.43 $ 2.52 $ 2.42 28 $ 2.56 $ 2.45 $ 2.55 $ 2.45 $ 2.55 $ 2.45 29 $ 2.58 $ 2.48 $ 2.58 $ 2.47 $ 2.57 $ 2.47 30 $ 2.61 $ 2.50 $ 2.61 $ 2.50 $ 2.60 $ 2.49 31 $ 2.64 $ 2.52 $ 2.64 $ 2.52 $ 2.63 $ 2.52 32 $ 2.67 $ 2.55 $ 2.67 $ 2.55 $ 2.66 $ 2.54 33 $ 2.70 $ 2.58 $ 2.70 $ 2.58 $ 2.69 $ 2.57 34 $ 2.73 $ 2.61 $ 2.73 $ 2.60 $ 2.72 $ 2.60 35 $ 2.77 $ 2.63 $ 2.76 $ 2.63 $ 2.75 $ 2.63 36 $ 2.80 $ 2.67 $ 2.80 $ 2.66 $ 2.78 $ 2.65 37 $ 2.84 $ 2.70 $ 2.84 $ 2.70 $ 2.82 $ 2.69 38 $ 2.88 $ 2.73 $ 2.88 $ 2.73 $ 2.85 $ 2.72 39 $ 2.92 $ 2.77 $ 2.92 $ 2.76 $ 2.89 $ 2.75 40 $ 2.97 $ 2.80 $ 2.96 $ 2.80 $ 2.93 $ 2.79 41 $ 3.01 $ 2.84 $ 3.00 $ 2.84 $ 2.97 $ 2.82 42 $ 3.06 $ 2.88 $ 3.05 $ 2.88 $ 3.01 $ 2.86 43 $ 3.11 $ 2.92 $ 3.10 $ 2.92 $ 3.06 $ 2.90 44 $ 3.16 $ 2.96 $ 3.15 $ 2.96 $ 3.10 $ 2.94 45 ...
Sample 1
Supplementary Contract. A supplemental contract shall be renewed for the next ensuing year, unless prior to June 1, the district notifies the individual contract holder and the Association in writing that the contract will not be renewed. Such non-renewal notice must set forth specifically all reasons for the non- renewal. No supplemental contract shall be non-renewed for any reason not set forth specifically in the notice of non-renewal, or if precluded by specific contractual provisions.
Sample 1
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Related to Supplementary Contract

  • SUPPLEMENTAL ARRANGEMENTS The Sub-Advisor may enter into arrangements with other persons affiliated with the Sub-Advisor or with unaffiliated third parties to better enable the Sub-Advisor to fulfill its obligations under this Agreement for the provision of certain personnel and facilities to the Sub- Advisor, subject to written notification to and approval of the Manager and, where required by applicable law, the Board of Directors of the Fund.

  • Transitional Arrangements Seller and Purchaser agree to cooperate and to proceed as follows to effect the transfer of account record responsibility for the Branches:

  • Term of the Contract A. This Contract has an initial term of one (1) year and a bilateral option provision for three (3) additional terms. The total term of the Contract cannot exceed four (4) years. An extension may be offered beyond the original four-year term if Sourcewell deems such action to be in the best interests of Sourcewell and its Members. The Contractor may withdraw from the Contract on each anniversary of the award, provided that the Contractor gives 60 Days written notice of its intent to withdraw. Sourcewell may, for any reason, terminate this Contract at any time.

  • Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer The Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit, at the rate per annum specified in the Fee Letter, computed on the daily amount available to be drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable on the tenth Business Day after the end of each March, June, September and December in respect of the most recently-ended quarterly period (or portion thereof, in the case of the first payment), commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. In addition, the Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

  • Supplemental Agreements The TIPS Member entity participating in the TIPS Agreement and awarded Vendor may enter into a separate Supplemental Agreement or contract to further define the level of service requirements over and above the minimum defined in this Agreement such as but not limited to, invoice requirements, ordering requirements, specialized delivery, etc. Any Supplemental Agreement or contract developed as a result of this Agreement is exclusively between the TIPS Member entity customer and the Vendor. TIPS, its agents, TIPS Members and employees not a party to the Supplemental Agreement with the TIPS Member customer, shall not be made party to any claim for breach of such agreement unless named and agreed by the Party in question in writing in the agreement. If a Vendor submitting a Proposal requires TIPS and/or TIPS Member to sign an additional agreement, those agreements shall comply with the award made by TIPS to the Vendor. Supplemental Vendor’s Agreement documents may not become part of TIPS’ Agreement with Vendor unless and until an authorized representative of TIPS reviews and approves it. TIPS review and approval may be at any time during the life of this Vendor Agreement. TIPS permits TIPS Members to negotiate additional terms and conditions with the Vendor for the provision of goods or services under the Vendor’s TIPS Agreement so long as they do not materially conflict with this Agreement. Survival Clause All applicable sales, leases, Supplemental Agreements, contracts, software license agreements, warranties or service agreements that were entered into between Vendor and TIPS or the TIPS Member Customer under the terms and conditions of this Agreement shall survive the expiration or termination of this Agreement. All Orders, Purchase Orders issued or contracts executed by TIPS or a TIPS Member and accepted by the Vendor prior to the expiration or termination of this agreement, shall survive expiration or termination of the Agreement, subject to previously agreed terms and conditions agreed by the parties or as otherwise specified herein relating to termination of this agreement.

  • Prior Contracts This Contract supersedes and terminates, as of the date hereof, all prior contracts between the Fund and the Custodian relating to the custody of the Fund's assets.

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