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Agmt 2004 Hartford Life Insurance Company
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Agmt 2004 Hartford Life Insurance Company
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Last modified
8/12/2009 10:38:08 AM
Creation date
8/7/2009 12:37:31 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agreement
Document Date (6)
3/18/2004
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PERM
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Reso 2004-029
(Approved by)
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\City Clerk\City Council\Resolutions\2004
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SECTION ~ - GFA CONTROL PROVISIONS <br />(a) Owner <br />The GFA Owner has the power to exercise all the rights, privileges and options granted by this <br />GBA or permitted by the Compa~ry and to agree with the. Compaq to airy change in or <br />amendment to the GP'A Such power shall be exercised in a manner consistent with the writtea~ <br />Plan adgpted by the GFA Owner for the exclusive benefit of Participants and their <br />beneficiaries. The assets and income of this CiFA may not be used for ar diverted to purposes <br />other than'the exclusive benefit of Participants and their bene~fiiciaries, except as permitted <br />under applicable law. The preceding sentence does not limit the Compaq's exercise of the <br />rights granted to the Company by this GEA, including the right to deduct and retain amounts <br />specified in the CrFA, <br />(b) Assignm~e tt <br />Amounts held under the Gf'A are nontransferable and cannot be sold, assigned, or pledged <br />as security, for a loan or for any other purpoee except as permitted under the Cade, other <br />applicable law and the terms of fliis GrFA <br />The +GF'A Owner's intermit in this GFA may be assigned only if agreed to by the Company. <br />The GFA Owner agrees to provide the Company wi$i such infornaation as the Company <br />may reasonably request concerning any proposed assignment. The Company assumes no <br />responsibility for the validity of auy assignment. . <br />HL-16553 13 <br />
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