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FULL PACKET_2018-07-17
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FULL PACKET_2018-07-17
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7/17/2018 5:06:34 PM
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7/17/2018 8:28:18 AM
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City Clerk
Doc Type
Agenda Packet
Agency
Clerk of the Council
Date
7/17/2018
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1.4 TERMINATION OF SEPARATE ACCOUNT E. We may terminate Separate Account <br />E if <br />(a) We determine that the continued operation of Separate <br />Account E is no longer commercially desirable, and <br />(b) We notify all investors utilizing Separate Account E in <br />writing that We are terminating Separate Account E. <br />The following provisions apply as of the date We terminate Separate Account E. <br />(A) We will not accept additional Deposits or Transfers into Separate <br />Account E and We will not make additional Transfers, Distributions or <br />Termination Disbursements from Separate Account E, except as <br />provided in (B) and (C) below. <br />(B) We will determine the amount of any outstanding Separate Account E <br />Expenses, described in the preceding Section 1.1(B), and withdraw the <br />amount from Separate Account E. We will also determine the amount <br />of any outstanding Asset Charge attributable to Separate Account E <br />and described in the Expense Schedule. We will withdraw the amount <br />from Separate Account E unless You agree to pay the Asset Charge, as <br />provided under Section 4.6 of the Base Agreement. <br />(C) You may transfer the Plan assets invested in Separate Account E to any <br />other investment option represented by an Addendum under this <br />Agreement. We will disburse the remaining value of the Plan assets <br />invested in Separate Account E as You direct in writing. <br />GA -2020 -SAE -0805 <br />25D-68 <br />
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