HomeMy WebLinkAbout930103.tiff RESOLUTION
RE: APPROVE GREAT-WEST LIFE AND ANNUITY INSURANCE COMPANY LETTER AGREEMENT AND
AUTHORIZE CHAIRMAN TO SIGN
WHEREAS, the Board of County Commissioners of Weld County, Colorado,
pursuant to Colorado statute and the Weld County Home Rule Charter, is vested
with the authority of administering the affairs of Weld County, Colorado, and
WHEREAS, the Board has been presented with a Letter Agreement between
Great-West Life and Annuity Insurance Company and the County of Weld, by and
through the Board of County Commissioners, with the terms and conditions being
as stated in said agreement, and
WHEREAS, after review, the Board deems it advisable to approve said
agreement, a copy of which is attached hereto and incorporated herein by
reference.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld
County, Colorado, that the Letter Agreement between Great-West Life and Annuity
Insurance Company and the County of Weld be, and hereby is, approved.
BE IT FURTHER RESOLVED by the Board that the Chairman be, and hereby is,
authorized to sign said agreement.
The above and foregoing Resolution was, on motion duly made and seconded,
adopted by the following vote on the 25th day of January, A.D. , 1993.
ATTEST: fiatBOARD OF COUNTY COMMISSIONERS
WE COUNTY, COLORADO
Weld County Clerk to th Board Qt > ui �
BY:4) 4 ,714
Constance L. H bert, Chairman
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Deputy Clerk to the 4oard) W. H. bste , Pr -Tem P
APPROVED AS T FORM: / 2
e . Baxter
County Attorney Da e K. all //
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/�Xlad(a-5 /t .j / °1/-�<r
arbara J. Kirkmeyer f
930103
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Great-West Life & Annuity Insurance Company
Letter Agreement
Notwithstanding the provisions of the Great-West Life & Annuity Group
Deferred Compensation Annuity, contract number 88041GP the Great-West Life
& Annuity Insurance Company (hereinafter called "Great-West Life") and the
County of Weld, State of Colorado (hereinafter called the "Policyholder")
agree to the following clarifications and modifications of said contract
issued by Great-West Life.
Contingent Deferred Sales Charge - The Contingent Deferred Sales Charge
provision, including the Contingent Deferred Sales Charge Free Amount
and all references to either or both are hereby waived on all
participant surrenders or withdrawals as permitted under the
Policyholder's Plan due to retirement, termination of service, or
disability. Transfers to another carrier are subject to the Standard
Contingent Deferred Sales Charge and certificate transfers may only be
made at maturity.
This agreement is in effect as long as the Great-West Life & Annuity
Insurance Company is acting in its current capacity as the only investment
option providers for the Policyholder's plan, and there are no substantial
changes in the operation of the Policyholder's plan, including but not
limited to a change in approved investment product providers, marketers or
required administrative services. This agreement may be modified at any time
upon mutual consent of both parties.
Great-West Life & Annuity Insurance Company
By Date
Title
County of Wel i State of Colorado
L �
By rO-22a>t-t( c-e Date 01/25/93
01/27/93
Title Chairman. Weld County Board of Cpmmissioners
930103
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