Inactive Agreement
All commercial employees to whom Buyer offers employment and who accept such employment are hereinafter referred to as “hired employees” and any inactive contract employee will be treated as an employee upon return to Buyer or upon commencement of active employment with Buyer or its affiliates. If, at any time prior to the retirement date, all the conditions set out in the Inactive Contract of the Contractual Plan are met, we will terminate this Agreement. . For more information, see the inactive contract provision in the Terms and Conditions section. The following employment roles secure access to data related to this business issue: The following headings contain the records and attributes required to answer this business question: GIAC Inactive Contract may terminate this contract by paying the owner the accumulation value in a sum if before the start of retirement: o The owner does not make premium payments for two consecutive years; o the total amount of premium payments made, less partial withdrawals, is less than $2,000; and o the accumulation value at the end of or after such a two-year period is less than $2,000. The contract is any inactive contract that does not have the right to be restored to its active status in accordance with the terms of this Agreement. .
- On February 27, 2022
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