Document:

Investment Management Agreement dated December 10, 1996

 Exhibit (10)(A) 
 INVESTMENT MANAGEMENT AGREEMENT 
 This Investment Management Agreement (this “Agreement”)
is made as of December 10, 1996, by and between Teachers Insurance and Annuity Association of America, a New York domiciled life insurance company (“Provider”) and TIAA Life Insurance Company, a New York domiciled life insurance
company (“Company”). 
 WITNESSETH: 
 WHEREAS, Provider has experience in the management of insurance company investment portfolios and the assets that comprise such portfolios; and 
 WHEREAS, Company desires that Provider serve as investment adviser with respect to the investment portfolio maintained by Company and in
connection with Company’s business as an insurer: and 
 WHEREAS, Provider and Company contemplate that such an arrangement will
achieve certain operating economies and improve services to the benefit of Provider, Company and Company’s insured; and 
 WHEREAS, Provider and Company wish to assure that all charges for services and the use of facilities incurred hereunder are reasonable; and 
 WHEREAS, Provider and Company wish to identify the services to be rendered to Company by Provider. 
 NOW, THEREFORE, in consideration of the premises and of the mutual promises set forth herein, and intending to be legally bound hereby, Provider and Company agree as follows: 
 1. PERFORMANCE OF SERVICES. 
 (a) General. Subject to the terms, conditions, and limitations of this Agreement, including Exhibit A which is attached hereto and made a part hereof, Provider agrees to perform diligently and in a professional
manner such investment management services (the “Services”) for Company as Company may request or as Provider determines to be reasonably necessary for the proper administration of Company's investment portfolio, which includes cash
available for investment plus Company's invested assets (including, without limitation, common and preferred stocks, corporate, municipal and government bonds, cash equivalents and all other types of securities investments) (the
“Account”). Provider agrees at all times to maintain sufficient facilities and trained personnel of the kind necessary to perform the Services. The performance of Provider under this Agreement with respect to the business and operations of
Company shall at all times be subject to the direction and control of the Company’s Board of Directors or any authorized committee thereof. It is understood that Company has certain obligations under the Commitment Letter to the New York
Insurance Department dated December 10, 1996, and it is agreed that no services will be provided under the Agreement in violation of the aforementioned Commitment Letter. 
 (b) Capacity of Personnel and Status of Facilities. Whenever Provider utilizes its personnel to perform the Services, such
personnel shall at all times be subject to Provider's direction and control, and Company shall have no liability to such personnel for their welfare, salaries, fringe benefits, legally required employer contributions, and tax obligations. No
facility of Provider used in performing Services shall be deemed to be transferred, assigned, conveyed, or leased by performance or use pursuant to this Agreement. 
 (c) Exercise of Judgment in Rendering Services. In providing any Services which require the exercise of judgment by Provider.
Provider shall perform any such Services in accordance with any standards and guidelines Company develops and communicates to Provider. In performing any Services hereunder, Provider shall at all times act in a manner reasonably calculated to be in
or not opposed to the best interests of Company. 

 (d) Control. The performance of Services by Provider for Company pursuant to this
Agreement shall in no way impair the absolute control of the business and operations of Provider by its Board of Trustees or of Company by its Board of Directors. Provider shall act hereunder so as to assure the separate operating identity of
Company. 
 (e) Limited Power of Attorney. Provider shall have the full right, power and authority, as Company’s
agent, in accordance with the terms and provisions of this Agreement and the investment guidelines provided by Company, to negotiate, apply for, enter into, execute, deliver, amend, modify and/or terminate legal documents of every kind and nature
relating to or required by the investments of the Account held or acquired in accordance with Company’s investment guidelines including, without limitation, contracts, deeds, notes, assignment, mortgages, leases, security agreements and service
agreements in the performance of the Services. All such documents may be entered into in Company’s name or in Provider’s name (as agent for Company), as Provider shall determine, and all such documents shall be legally binding on Company.
In the event the foregoing authorization shall not be sufficient to create or evidence the authority of Provider to enter into or execute on Company’s behalf any particular contract, deed, mortgage or other instrument of conveyance,
reconveyance, mortgage or release, or any document required for the proper performance by Provider of the Services, Company agrees to execute such power(s) of attorney or other instruments, documents or agreements in Provider’s favor and/or at
Provider’s direction as shall be necessary and proper to authorize or empower Provider to take such action. If it shall be impossible or administratively inconvenient for any of the foregoing documents or instruments to be signed in
Company’s name by Provider as its agent or attorney-in-fact, Company shall designate one or more authorized officers or signatories of Company who shall execute such documents, instruments or agreements upon Provider’s request. 

2. FEES. In consideration of the Services provided hereunder. Company agrees to pay Provider each calendar quarter a fee, which shall be the
cost of Provider in performing the Services. As soon as practicable after the end of each calendar quarter, Provider shall send an invoice to Company indicating the amounts due to Provider for Services performed hereunder during such quarter, which
amounts shall be due and payable thirty (30) days thereafter. 
 All expenses relating to the investment of the assets in the Account,
including without limitation brokerage fees, commissions, custodian charges, interest expense, taxes, and auditing and legal expenses, shall be paid by Company directly or out of the assets of the Account. If Provider pays any such expenses on
behalf of Company, Company shall promptly reimburse Provider. 
 3. ACCOUNTING RECORDS AND DOCUMENTS. Provider shall be responsible
for preparing, maintaining, and disseminating full and accurate accounts and records of all Services rendered pursuant to this Agreement, as well as the financial data with respect to the Account which is necessary to prepare financial statements
and reports on both statutory and GAAP bases, and such additional information Company may reasonably request for purposes of its internal bookkeeping and accounting operations. Provider shall keep such accounts and records insofar as they pertain to
the computation of charges hereunder available at its principal offices for audit, inspection, and copying by Company and persons authorized by it or any governmental agency having jurisdiction over Company during all reasonable business hours.

 4. OTHER RECORDS AND DOCUMENTS. Provider will maintain its books, records and accounts so as to clearly and
accurately disclose the nature and details of the Services furnished hereunder, in keeping with prudent standards of insurance recordkeeping and in accordance with the requirements of Section 1505 of the New York Insurance Law. Company may at
its own expense and at any reasonable time audit such books, accounts and records insofar as they relate to the determination of Provider’s charges hereunder. 
 All books, records and files established and maintained by Provider by reason of its performance under this Agreement that absent this Agreement would have been held by the Company shall be deemed the property of the
Company and shall be subject to examination at all times by Company and persons authorized by it or any governmental agency having jurisdiction over Company. With respect to accounting and statistical records prepared by Provider under this
Agreement, summaries of such records shall be delivered to Company within 30 days after the end of the quarter to which the records pertain. 

 5. RIGHT TO CONTRACT WITH THIRD PARTIES. Nothing herein shall be deemed to grant
Provider an exclusive right to provide services to Company, and Company retains the right to contract with any unaffiliated third party for the performance of any services that are available to or may be requested by Company. It is also understood
and agreed that Provider’s services are not exclusively for Company. Provider shall remain free to provide services to other clients or for its own account, pursuant to objectives which may or may not be similar to the strategy adopted as
appropriate for Company. 
 6. CONTACT PERSON(S). Company and Provider shall each appoint one or more individuals who shall serve as
contact person(s) for the purpose of carrying out this Agreement. Such contact person(s) for Company shall be authorized to transmit instructions concerning the Account to Provider and, unless Company gives Provider notice to the contrary, Provider
shall be entitled to rely on the written or telephonic instructions of any of such authorized persons with respect to any matters pertaining to this Agreement. Effective upon execution of this Agreement, the initial contact person(s) shall be those
set forth in Exhibit B. Each party shall notify the other as to the identity of any replacement for any such designated contact person. 
 7. TERMINATION. Thus Agreement shall have an initial term of one year and thereafter this Agreement shall renew automatically for successive one-year terms, unless the parties agree otherwise in writing. This Agreement may be
terminated solely by Company during the initial one-year term, and thereafter by either Provider or Company, by giving sixty (60) days’ written notice to the other party; provided that Company shall have the right to elect to continue to
receive data processing services and/or to continue to utilize data processing facilities and related software for up to 180 days from the date of such notice. Upon termination of the electronic data processing operations provided by Provider under
this Agreement, and subject to the terms and conditions (including any limitations and restrictions) of any applicable software or hardware licensing agreement then in effect between Provider and any licensor, Provider shall grant to Company a
perpetual license to use any proprietary electronic data processing software developed by Provider in connection with the Services provided to Company hereunder, if such software is not commercially available and is necessary, in Company’s
reasonable judgment, for Company to perform, subsequent to such termination, any of the Services provided by Provider hereunder. Upon termination, Provider shall promptly deliver to Company all books and records that are, or are deemed by this
Agreement to be, the property of Company. 
 8. SETTLEMENT ON TERMINATION. No later than sixty (60) days after the effective date
of termination of this Agreement, Provider shall deliver to Company a detailed written statement for all fees due and not included in any previous statement to the effective date of termination. The amount owed shall be due and payable within
fifteen (15) days of receipt of such statement. 
 9. ASSIGNMENT. This Agreement and any rights pursuant hereto shall not be
assignable by either Company or Provider without the prior written consent of the other party, except as set forth herein or by operation of law. Except as and to the extent specifically provided in this Agreement, nothing in this Agreement,
expressed or implied, is intended to confer on any person other than the parties hereto, or their respective legal successors, any rights, remedies, obligations, or liabilities, or to relieve any person other than the parties hereto, or their
respective legal successors, from any obligations or liabilities that would otherwise be applicable. The representations, warranties, covenants and agreements contained in this Agreement shall be binding upon, extend to and inure to the benefit of
the parties hereto, their, and each of their, successors and assigns respectively. 
 10. GOVERNING LAW. This Agreement shall be
governed by and construed and enforced in accordance with the internal laws of the State of New York applicable to contracts made and to be performed in the State, without regard to principles of conflict of laws. 
 11. CONFIDENTIALITY. Company agrees to give Provider any information in its possession which Company deems relevant to the suitability of the
investment strategy implemented by Provider, including information on Company’s liabilities, whether this information becomes known before or after the adoption of the strategy. Provider shall keep any information it obtains about
Company’s business or investment objectives and results in confidence; provided, however. that this Section 11 shall not restrict any disclosure required to 

 
be made by order of a court or governmental agency of competent jurisdiction, except that no such disclosure shall be made sooner (unless otherwise
compelled) than five business days after the other party’s receipt of written notice of such order, and such notice will include a copy of such order. 
 12. ARBITRATION. ANY UNRESOLVED DISPUTE OR DIFFERENCE BETWEEN PROVIDER AND COMPANY ARISING OUT OF OR RELATING TO THIS AGREEMENT, OR THE BREACH THEREOF, SHALL BE SETTLED BY ARBITRATION IN ACCORDANCE WITH
THE COMMERCIAL ARBITRATION RULES OF THE AMERICAN ARBITRATION ASSOCIATION AND THE EXPEDITED PROCEDURES THEREOF. THE AWARD RENDERED BY THE ARBITRATOR SHALL BE FINAL AND BINDING UPON THE PARTIES, AND JUDGMENT UPON THE AWARD RENDERED BY THE ARBITRATOR
MAY BE ENTERED IN ANY COURT HAVING JURISDICTION THEREOF. THE ARBITRATION SHALL TAKE PLACE IN NEW YORK, NEW YORK. 
 13. NOTICES. All
notices, statements or requests provided for hereunder shall be deemed to have been duly given when delivered by hand to an officer of the other party, or four business days after deposit with the U.S. Postal Service, as first class certified mail
postage prepaid, upon receipt when delivered by reputable overnight courier service, or upon confirmation of transmission if sent by telecopier, as follows: 
 (a) If to Provider to: 
 Teachers Insurance and Annuity Association of America 
 730 Third Avenue New York. New York 10017 
 Attention: Richard L. Gibbs 
 Telephone: (212) 916-4900 
 Facsimile: (212) 916-6230 
 (b) If to Company to: 
 TIAA Life Insurance Company 
 730 Third A venue New York, New York, 10017 
 Attention: Thomas G. Walsh 
 Telephone: (212) 916-5308 
 Facsimile: (212) 916-6950 
 or to such
other persons or places as each party may from time to time designate by written notice sent as aforesaid. 
 14. ENTIRE AGREEMENT.
This Agreement, together with such amendments as, may from time to time be executed in writing by the parties, constitutes the entire agreement and understanding between the parties in respect of the transactions contemplated hereby and supersedes
all prior agreements, arrangements, and understandings relating to the subject matter hereof. 
 15. SEVERABILITY. The invalidity or
unenforceability of any term or provision of this Agreement shall not affect the validity or enforceability of any other term or provision hereof. 
 16. HEADINGS AND EXHIBITS. Headings used herein are inserted solely for the convenience of reference and are not a part of this Agreement and shall not affect the terms hereof. The attached Exhibits are a part of this Agreement.

 17. NO WAIVER. No delay or omission on the part of Company or Provider in exercising its rights under this Agreement shall operate
as a waiver of such right or remedy on any occasion and no waiver or consent shall be binding unless it is in writing and signed by an authorized representative of a party making such waiver or consent. 
 18. COUNTERPARTS. This Agreement may be executed in separate counterparts, each of which shall be deemed an original, but all of which together
shall constitute one and the same instrument. 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be executed in duplicate by their
respective officers duty authorized so to do, and their respective corporate seals to be affixed hereto, as of the date and year first above written. 
  

			
	TEACHERS INSURANCE AND ANNUITY ASSOCIATION OF AMERICA
		
	By:	 	 /s/ Richard L. Gibbs

		 	 Richard L. Gibbs

		 	 Executive Vice President and
Chief Financial Officer

	
	 TIAA LIFE INSURANCE COMPANY

		
	 By:
	 	 /s/ Thomas G. Walsh

		 	 Thomas G. Walsh

		 	 President

 EXHIBIT A 
 INVESTMENT OBJECTIVE, POLICIES AND RESTRICTIONS 
 Provider will have full discretion to invest and reinvest the funds made
available to it for that purpose by the Company as follows: 
 Investment Objectives 
 The Company’s investment objective is to obtain as high a level of current interest income as is consistent, in the view of Provider, with preservation of invested capital. There are market risks inherent in all
investments in securities, and there can be no assurance that Provider will achieve this objective. The primary objective of preserving capital will preclude realization of the highest available income yields. 
 Investment Policies 
 Provider will seek to achieve the above-stated
objective by investing in a diversified portfolio of securities. In selecting securities for this portfolio, Provider will seek the highest available yields consistent with the rating standards and ether policies stated herein. 
 Portfolio securities will be selected pursuant to the following fundamental investment 
  

	 	1.	CASH BALANCES. Cash balances occurring pending permanent investment will be invested in high grade, corporate commercial paper. The corporate paper must have the highest
rating by one or more of the nationally recognized rating organizations. Other acceptable short-term investments include U.S. Treasury bills and notes, certificates of deposit, time deposits, bankers acceptances and money market funds.

  

	 	2.	CORPORATE BONDS. The purchases of corporate bonds will include bonds, notes. debentures and other evidences of indebtedness issued, assumed or guaranteed by a corporation
incorporated under the laws of the United States of America, of any state, district or territorial possession thereof or of the Dominion of Canada or any province thereof; provided that the bonds are rated class 1 or 2 by the Securities Valuation
Office (“SVO") of the National Association of Insurance Commissioners (“NAIC”). 

  

	 	3.	GOVERNMENT OBLIGATIONS. The purchase of government obligations will include bonds, notes, bills and other evidences of indebted ness issued, assumed or guaranteed by the U.S.
Government, its agencies or instrumentalities or of any state or municipality thereof; or of the Dominion of Canada or any province thereof; provided the bonds are rated class 1 or 2 by the SVO of the NAIC. 

  

	 	4.	MORTGAGE-BACKED SECURITIES. The purchase of mortgage-backed securities will include obligations issued by: 

  

	 	A.	The Government National Mortgage Association (GNMA). 

  

	 	B.	The Federal National Mortgage Association (FNMA). 

  

	 	C.	The Federal Home Loan Mortgage Corporation (FHLMC). 

  

	 	D.	FHA and VA insured or guaranteed loans, or any other government guaranteed loans. 

  

	 	5.	EQUITY SECURITIES. Equity securities are defined to include preferred stocks, mutual funds, shares or common stocks which are traded on a national stock exchange, provided
that the preferred stocks are rated class 1 or 2 by the SVO of the NAIC. 

 Investment Restrictions 
 In the course of its investment management activity for the Company, Provider MAY NOT engage in or execute transactions in any of the following: 
  

	 	1.	Borrow money for any purpose on behalf of the Company (other than in connection with securities lending transactions, repurchase agreements. reverse repurchase agreements and
futures transactions entered into in accordance with New York law). 

  

	 	2.	Pledge, mortgage or hypothecate the assets of the Company (other than in connection with securities lending transactions, repurchase agreements, reverse repurchase agreements and
futures transactions entered into in accordance with New York law). 

  

	 	3.	Purchase the securities of any non-government issuer if, as a result, more than 10% of the total assets of the portfolio would be invested in the securities or the issuer.

  

	 	4.	Invest more than 25% of the portfolio, measured at the time of investment, in a single industry. For the purpose of this restriction, mortgage-backed securities do not constitute
the industry. 

  

	 	5.	Enter into any investment which would violate the New York Insurance Law. 

  

	 	6.	Purchase or sell investments, other than portfolio investments listed in policies 1 through 5 under Investment Policies above, without the prior written approval of the Company's
Board of Directors, the Company's Investment Committee, or an officer of the Company; provided, however, that officers of the Company that are also officers of Provider may provide prior approval of the purchase or sale of investments in person or
by telephone so long as such approval is subsequently documented. 

 EXHIBIT B 
 CONTACT PERSONS 
 At Company: Thomas G. Walsh 
 At Provider: Richard L. GibbsAmended and Restated Service Agreement

 Exhibit (10) (B) 
 AMENDED AND RESTATED SERVICE AGREEMENT 
 by and between 
 TEACHERS INSURANCE AND ANNUITY ASSOCIATION 
 OF AMERICA 
 and 
 TIAA-CREF LIFE INSURANCE COMPANY 
 Dated as of January 1, 1999 

 TABLE OF CONTENTS 
  

					
	 	 	 	  	Page
	1.	 	 PERFORMANCE OF SERVICES AND USE OF FACILITIES
	  	1
			
	2.	 	 PERFORMANCE STANDARDS; STATUS; JUDGMENT; CONTROL
	  	2
			
		 	 (a)    Performance Standards
	  	2
		 	 (b)    Status of Personnel and Facilities
	  	2
		 	 (c)    Exercise of Judgment in Rendering Services
	  	2
		 	 (d)    Control
	  	2
			
	3.	 	 CHARGES; PAYMENTS
	  	3
			
		 	 (a)    Charges
	  	3
		 	 (b)    Payments
	  	3
			
	4.	 	 ACCOUNTING RECORDS AND DOCUMENTS; AUDITS
	  	3
			
	5.	 	 OWNERSHIP AND CUSTODY OF RECORDS, ETC
	  	4
			
	6.	 	 CONFIDENTIALITY
	  	4
			
	7.	 	 RIGHT TO CONTRACT WITH THIRD PARTIES
	  	5
			
	8.	 	 COOPERATION
	  	5
			
	9.	 	 TERMINATION
	  	5
			
	10.	 	 SETTLEMENT ON TERMINATION
	  	5
			
	11.	 	 MEDIATION; ARBITRATION
	  	5
			
	12.	 	 CONTACT PERSON(S)
	  	6
			
	13.	 	 NOTICE
	  	6
			
	14.	 	 WAIVER
	  	7
			
	15.	 	 CONFLICT WITH LAW
	  	7
			
	16.	 	 NO THIRD PARTY BENEFICIARIES
	  	7
			
	17.	 	 INDEPENDENT CONTRACTOR
	  	7
			
	18.	 	 ASSIGNMENT
	  	7
			
	19.	 	 HEADINGS AND APPENDIX
	  	7
			
	20.	 	 ENTIRE AGREEMENT
	  	7
			
	21.	 	 AMENDMENT
	  	7
			
	22.	 	 COUNTERPARTS
	  	7
			
	23.	 	 GOVERNING LAW
	  	8

 AMENDED AND RESTATED SERVICE AGREEMENT 
 This Amended and Restated Service Agreement (this “Agreement”), dated as of the
1st day of January,1999, is entered into by and between Teachers Insurance and Annuity Association of America, a New York life insurance
company (“Service Provider”), and TIAA-CREF Life Insurance Company, a New York life insurance company (“Recipient”). 
 W I T N E S S E T H 
 WHEREAS, Service Provider has extensive
experience in the operation of life insurance business operations; and 
 WHEREAS, Recipient is a wholly-owned in direct subsidiary of
Service Provider; and 
 WHEREAS. Recipient and Service Provider have entered into that Service Agreement, dated as of December 10,
1996, and Recipient and Service Provider wish to amend and restate such Service Agreement as provided for herein; and 
 WHEREAS, Recipient
desires Service Provider to continue to perform certain administrative and special services as more fully described below (collectively, “Services”) for Recipient in its insurance operations, and Recipient desires further to continue to
make use in its day-to-day operations of certain property, equipment and facilities of Service Provider as more fully described below (collectively, “Facilities”), in either event, as Recipient may request; and 
 WHEREAS, Service Provider and Recipient contemplate that such an arrangement will continue to achieve certain operating economies to the mutual benefit
of both; and 
 WHEREAS, Service Provider and Recipient wish to continue to identify the Services to be rendered to Recipient by Service
Provider and the Facilities to be used by Recipient and to provide a method of fixing bases for determining the charge to be made to Recipient; and 
 WHEREAS, Service Provider and Recipient wish to continue to assure that (i) all charges incurred hereunder for Services and the use of Facilities are reasonable and in accordance with the requirements of New York Insurance Department
Regulation No. 33, (ii) to the extent practicable, such charges reflect actual costs and are arrived at in a fair and equitable manner, and (iii) charges reflecting estimated costs, whenever used, are adjusted periodically, to bring
them into alignment with costs actually incurred; 
 NOW THEREFORE, in consideration of the premises and of the mutual promises set forth
herein, and intending to be legally bound hereby, Service Provider and Recipient agree as follows: 
 1. PERFORMANCE OF SERVICES AND USE
OF FACILITIES. (a) Subject to the terms and conditions of this Agreement, Service Provider agrees, to the extent requested by Recipient, (i) to perform such Services for Recipient as Recipient determines to be reasonably necessary in
the conduct of its insurance operations and (ii) to make available to Recipient such of its Facilities as Recipient may determine to be reasonably necessary in the conduct of its insurance operations, including without limitation data
processing equipment, business property (whether owned or leased) and communications equipment. 
 (b) Subject to the terms
and conditions of this Agreement and to the extent requested by Recipient, Service Provider shall provide to Recipient the following Services: (i) accounting and bookkeeping services, including without limitation preparation and maintenance of
financial statements and reports (including without limitation annual and quarterly statements prepared on a statutory basis); (ii) treasury tasks, including without limitation cash management, banking, disbursement, and payroll processing
services; (iii) tax related services; (iv) operations support and administration, including without limitation support and administration of computer systems, telecommunications and mail; (v) data processing services;
(vi) maintenance of records, files and other information; (vii) legal advisory services; 

 
(viii) corporate secretarial services; (ix) actuarial advisory services; (x) personnel services, including without limitation the sharing of
forms and procedures; (xi) public relations services and (xii) such other services as the Recipient may from time to time reasonably request. 
 2. PERFORMANCE STANDARDS; STATUS; JUDGMENT; CONTROL.  
 (a) Performance
Standards. Service Provider agrees that in providing Services under this Agreement it shall (i) conduct itself in accordance with all reasonable commercial and professional standards of care, diligence, and good faith, provided that such
standards must be consistent with prudent management practices in the life insurance industry generally, and shall generally act in such a way as to preserve the goodwill toward Recipient on the part of the general public, customers and all those
having business relations with Recipient and (ii) comply with all laws, regulations, rules and orders applicable to Service Provider with respect to the Services or to Recipient. Service Provider agrees at all times to maintain sufficient
Facilities and trained personnel of the kind necessary to perform this Agreement. 
 (b) Status of Personnel and
Facilities. Service Provider shall utilize its personnel to perform Services for Recipient pursuant to this Agreement, and such personnel shall at all times remain employees of Service Provider subject solely to its direction and control, and
Service Provider shall alone retain full liability to such employees for their welfare, salaries, fringe benefits, legally required employer contributions and tax obligations. No Facility of Service Provider used in performing Services for or
subject to use by Recipient shall be deemed to be transferred, assigned, conveyed or leased by such performance or use pursuant to this Agreement. 
 (c) Exercise of Judgment in Rendering Services. In providing any Services hereunder that require the exercise of judgment by Service Provider, Service Provider shall perform any such Service in accordance with
the standards set forth herein and any additional guidelines Recipient develops and communicates to Service Provider, in performing any Services hereunder, Service Provider shall at all times act in a manner reasonably calculated to be in or not
opposed to the best interests of Recipient. 
 (d) Control. The performance of Services by Service Provider for
Recipient pursuant to this Agreement shall in no way impair the absolute control of the business and operations of Service Provider or Recipient by the irrespective Boards of Directors. Service Provider shall act hereunder so as to assure the
separate operating identity of Recipient. The performance of Service Provider under this Agreement with respect to the business and operations of Recipient shall at all limes be subject to the direction and control of the Board of Directors of
Recipient. 
 3. CHARGES; PAYMENTS. 
 (a) Charges. Recipient agrees to reimburse Service Provider for Services and Facilities provided by Service Provider to Recipient pursuant to this Agreement. The charge to Recipient for such Services and
Facilities shall include all direct and directly allocable expenses, reasonably and equitably determined to be attributable to Recipient by Service Provider, plus a reasonable charge for direct overhead, the amount of such charge for overhead to be
agreed upon by the parties from time to time. Subject to New York Insurance Department Regulation No. 33, the bases for determining such charges to Recipient shall be those used by Service Provider for internal cost distribution including,
where appropriate, time records prepared at least annually for this purpose. Such bases shall be modified and adjusted by mutual agreement where necessary or appropriate to reflect fairly and equitably the incidence of cost actually incurred by
Service Provider on behalf of Recipient. 
 (b) Payments. Within forty-five (45) days after the end of each
calendar quarter, Service Provider shall submit to Recipient a statement of actual apportioned expenses for such prior quarter. Recipient may request a written statement from Service Provider setting forth in reasonable detail the nature of the
Services rendered or expenses incurred and other relevant information to support the charge. The amount of the actual apportioned expenses shall be due and payable to Service Provider by Recipient within thirty (30) days of the receipt of the
statement of actual apportioned expenses. Not withstanding the foregoing, the parties may agree to payment through intercompany transfers on the general ledger. 

 4. ACCOUNTING RECORDS AND DOCUMENTS; AUDITS. 
 (a) Service Provider shall be responsible for maintaining full and accurate books, records and accounts of all Services rendered and
Facilities used pursuant to this Agreement in such a way as to disclose clearly and accurately the nature and detail thereof, including without limitation such accounting information as is necessary to support the reasonableness of charges under
this Agreement and such additional information as Recipient may reasonably request for purposes of its internal bookkeeping and accounting operations. Service Provider shall keep such books, records and accounts insofar as they pertain to the
computation of charges hereunder available at its principal offices for audit, inspection and copying by Recipient and persons authorized by it or any governmental agency having jurisdiction over Recipient during all reasonable business hours.

 (b) With respect to accounting and statistical records prepared by Service Provider by reason of its performance under
this Agreement, summaries of such records shall be delivered to Recipient within thirty (30) days from the end of the quarter to which the records pertain. 
 (c) Recipient shall have the right, at its expense, to conduct an audit of the relevant books, records and accounts of Service Provider
upon giving reasonable notice of its intent to conduct such an audit. In the event of such audit, the Service Provider shall give to the party requesting the audit reasonable cooperation and access to all books, records and accounts necessary to
audit. 
 (d) Each of Service Provider and Recipient hereby agree to maintain its claims, rating, underwriting, marketing,
complaint, financial, and producer licensing records, and such other records, subject to examination by the superintendent, in accordance with the provisions of Regulation 152 promulgated under the New York Insurance Law. 
 5. OWNERSHIP AND CUSTODY OF RECORDS, ETC... 
 (a) Each party shall be and remain the sole owner of its respective records, books, documents, correspondence, papers and files, including without limitation business and corporate records, regardless of the use or
possession by either party of the other party's records. All records, books, documents, correspondence, papers and files established, received and/or maintained by Service Provider by reason of its performance of the Services under this Agreement
shall be deemed the property of Recipient, shall be subject to examination by Recipient and persons authorized by it at all times, and copies thereof shall be delivered to Recipient at least quarterly. All such records, books, documents,
correspondence, papers and files shall be promptly transferred to Recipient by Service Provider upon termination of this Agreement at the expense of Service Provider. 
 (b) With respect to any documentation received by Service Provider that would otherwise be held by Recipient and that may be obtained by
the Service Provider in performing its duties under this Agreement, Service Provider shall deliver to Recipient such documentation within thirty (30) days of receipt, except where continued custody of such original documentation by the Service
Provider is necessary to the performance of Services hereunder. 
  

	 	6.	CONFIDENTIALITY. 

 (a) Service
Provider and Recipient agree that all information, documentation, knowledge and data about the other party that is amassed, obtained or developed by and between the parties shall, unless specifically designated otherwise, be treated as proprietary
and confidential information to be held in strict confidence and not to be disclosed to any third party unless written authorization to make such disclosure has been given by the appropriate party, or unless required by a lawful order of a
governmental or judicial entity. The parties further agree that any such proprietary and confidential information acquired during the course of this Agreement shall continue to be treated as proprietary and confidential information for a period of
five (5) years from the termination of this Agreement. 
 (b) The parties agree that the requirement of confidentiality
under this Agreement also applies to the irrespective employees (if any) and agents. Each party shall use its best efforts to assure that its respective 

 
employees (if any) and agents adhere to the confidentiality requirements set forth herein. It is agreed by the parties, however, that use and disclosure of
proprietary and confidential information by such employees (if any) and agents to the extent necessary to carry out the terms and purposes of this Agreement, including disclosure to rating agencies, is acceptable. 
 (c) It is agreed that information already in the public domain shall be deemed not to be confidential information. 
 7. RIGHT TO CONTRACT WITH THIRD PARTIES. Nothing herein shall be deemed to grant Service Provider an exclusive right to provide Services to
Recipient, and Recipient retains the right to contract with any third party, affiliated or unaffiliated, for the performance of services or for the use of facilities as are available to or have been requested by Recipient pursuant to this Agreement.

 8. COOPERATION. The parties agree to cooperate with each other in a commercially reasonable manner in order that the duties assumed
by the parties under this Agreement maybe effectively, efficiently and promptly discharged. Each party shall at all reasonable times during normal business hours under the circumstances make available to the other party properly authorized personnel
for the purpose of consultation and decision. 
 9. TERMINATION. This Agreement shall remain in effect until terminated by either
Recipient or Service Provider upon giving ninety (90) days' advance written notice, provided that electronic data processing services shall not he terminated by either party until one hundred and eighty (180) days' advance written notice
of termination. Subject to the terms and conditions (including any limitations and restrictions) of any applicable software or hardware licensing agreement then in effect between Service Provider and any licensor, Service Provider shall, upon
termination of this Agreement, grant to Recipient a perpetual license, without payment of any fee, in any electronic data processing software developed or used by Service Provider in connection with the services provided to Recipient hereunder if
such software is not commercially available and is necessary, in Recipient's reasonable judgment, for Recipient to perform subsequent to termination hereof the functions provided by Service Provider hereunder. 
 10. SETTLEMENT ON TERMINATION. No later than sixty (60) days after the effective date of termination of this Agreement, Service Provider
shall deliver to Recipient a detailed written statement for all charges incurred and not included in any previous statement to the effective date of termination. The amount owed or to be refunded here under shall be due and payable within fifteen
(15) days of receipt of such statement. 
 11. MEDIATION; ARBITRATION. 
 (a) Each party hereby consents to mandatory mediation of any disputes or differences with respect to the operation or interpretation of
this Agreement on which an amicable understanding cannot be reached. The president of each party shall designate an individual mediator, and the two designated mediators will select a third, neutral mediator, and the three mediators will establish
the procedures for mediation. 
 (b) Any such dispute or difference on which an amicable understanding cannot be reached and
that cannot be resolved pursuant to mediation as provided for in paragraph (a) above, shall be decided by arbitration. The arbitrators are empowered to decide all questions or issues and shall be free to reach their decision from the standpoint
of equity and customary practices of the insurance industry rather than from that of strict legal principles. 
 (c) The
court of arbitration shall be held in New York, New York and shall consist of three (3) arbitrators, who must be officers of life insurance companies other than the parties to this Agreement, their affiliates or subsidiaries. Service Provider
shall appoint one arbitrator and Recipient the second. Such arbitrators shall then select the third arbitrator before arbitration commences. Should one of the parties decline to appoint an arbitrator or should the two arbitrators be unable to agree
upon the choice of a third, such appointment shall be left to the President of the American Council of Life Insurance. 

 (d) Decisions of the arbitrators shall be by majority vote, and from their written
decision there shall be no appeal. The cost of arbitration, including the fees of the arbitrators, shall be borne by the losing party unless the arbitrators shall otherwise decide. 
 12. CONTACT PERSON(S). Recipient and Service Provider each shall appoint one or more individuals who shall serve as contact person(s) for the
purpose of carrying out this Agreement. Such contact person(s) shall be authorized to act on behalf of their respective parties as to the matters pertaining to this Agreement. Effective upon execution of this Agreement, the initial contact person(s)
shall be those set forth in Appendix A. Each party shall notify the other, in writing, as to the name, address and telephone number of any replacement for any such designated contact person. 
 13. NOTICE. All notices required or permitted to be given under this Agreement shall be in writing and shall be deemed duly given upon delivery if
personally delivered, upon confirmation of transmission if sent by facsimile, upon the third business day after mailing if sent by registered or certified mail, postage prepaid, and upon receipt if sent by reputable courier, as follows, or to such
other address or persons either party may designate to the other party hereunder: 
 If to Recipient to: 
 TIAA·CREF Life Insurance Company 
 730
Third Avenue New York, New York 10017 
 Attention: Thomas G. Walsh 
 Telephone: (2 12) 916-5308 
 Facsimile:
(212) 916-6950 
 If to Service Provider to: 
 Teachers Insurance and Annuity Association of America 
 730 Third Avenue New York, New York 10017 

Attention: Richard L. Gibbs 
 Telephone:
(212)916-4900 
 Facsimile: (212) 916-6230 
 14. WAIVER. The failure of Service Provider or Recipient to insist on strict compliance with this Agreement, or to exercise any right or remedy under this Agreement, shall not constitute a waiver of any rights
provided under this Agreement, nor estop the parties from thereafter demanding full and complete compliance nor prevent the parties from exercising such a right or remedy in the future. 
 15. CONFLICT WITH LAW. The invalidity or unenforceability of any term or provision of this Agreement shall not affect the validity or
enforceability of any other term or provision hereof. If any provision of this Agreement should be invalidated or superseded by specific law or regulation, such law or regulation shall control to the extent of such conflict without affecting the
remaining provisions of this Agreement. 
 16. NO THIRD PARTY BENEFICIARJES. Except as otherwise specifically provided for herein,
nothing in this Agreement is intended or shall be construed to give any person, other than the parties hereto, their successors and permitted assigns, any legal or equitable right, remedy or claim under or in respect of this Agreement or any
provision contained herein. 
 17. INDEPENDENT CONTRACTOR. Nothing contained in this Agreement shall be construed to create the
relationship of joint venture or partnership between Service Provider and Recipient. Service Provider is an independent contractor and shall be free, subject to the terms and conditions of this Agreement, to exercise judgment and discretion with
regard to the conduct of business. 
 18. ASSIGNMENT. This Agreement shall be binding upon and inure to the benefit of the parties
hereto and their respective successors, permitted assigns and legal representatives. Neither this Agreement, nor any right hereunder, may be assigned by either party (in whole or in part) without the prior written consent of the other party hereto.

 19. HEADINGS AND APPENDIX. Headings used herein are inserted solely for the convenience of
reference and are not a part of this Agreement and shall not affect the terms hereof. The attached Appendix is a part of this Agreement. 
 20. ENTIRE AGREEMENT. This Agreement sets forth the entire understanding of the parties with respect to the subject matter hereof and supersede any prior understandings, whether written or oral, with respect to such subject matter.

 21. AMENDMENT. This Agreement and the Appendix hereto may be amended only if such amendment is in writing, agreed to by both
Service Provider and Recipient. All such amendments shall comply with Section 1505 of the New York Insurance Law. 
 22.
COUNTERPARTS. This Agreement may be executed by the parties hereto in separate counterparts, each of which when so executed and delivered snail be an original, but all such counterparts shall together constitute one and the same instrument.
Each counterpart may consist of a number of copies hereof each signed by less than all, but together signed by all of the parties. 
 23.
GOVERNING LAW. This Agreement is made pursuant to and shall be governed by, interpreted under, and the rights of the parties determined in accordance with, the laws of the State of New York. 
 [REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] 

 24. IN WITNESS WHEREOF, the parties have caused this Agreement to be executed in duplicate by
their respective officers duly authorized so to do, as of the date and year first above written. 
  

			
	TEACHERS INSURANCE AND ANNUITY
ASSOCIATION OF AMERICA
		
	 By:
	 	 /s/ Richard L. Gibbs

		 	Richard L. Gibbs
		 	 Executive Vice President and
Chief Financial Officer

  

			
	TIAA-CREF LIFE INSURANCE COMPANY
		
	 By:
	 	 /s/ Thomas G. Walsh

		 	Thomas G. Walsh
		 	President

 APPENDIX A 
 CONTACT PERSON(S) FOR SERVICE PROVIDER 
 Richard L. Gibbs 
 CONTACT PERSON(S) FOR RECIPIENT 
 Thomas G.
Walsh 

 STATE OF NEW YORK 
 INSURANCE DEPARTMENT 
 25 BEAVER STREET 
 NEW YORK, NEW YORK 10004 
 January 28, 1999 
 Mr. Keith M. Andruschak 
 Rogers & Wells LLP 

200 Park Avenue 
 New York, New York 10166 -0153 
  

	 	Re:	Amended and Restated Service Agreement between Teachers Insurance and Annuity Association of America and TIAA-CREF Life Insurance Company (“Recipient") Our File #23811G

 Dear Mr. Andruschak: 
 We
have completed our review of the captioned agreement which was submitted to this office pursuant to Section 1505(d) of the New York Insurance Law with your letter dated November 20. 1998. You also provided a revised and executed copy on
January 19, 1999. 
 The proposed amended and restated service agreement is to amend a previously approved (December 17. 1996) service
agreement. This filing serves three purposes: to update the name of Recipient, to delete the "Commitment Agreement" section, and to simplify the payment procedure. It would be effective as of January 1, 1999. 
 Based on our review of your submission and in reliance on the facts and representations contained therein, we have no objection to the implementation of
the proposed agreement. Tile executed copy of this agreement is on file. 
 Very truly yours, 
 Neil D. Levin 
 Superintendent of Insurance 
 By: 
 Karen Fazio 
 Supervising Insurance Examiner 
 Life Bureau 

 STATEMENT REGARDING SERVICE AGREEMENT 
 The undersigned, being the duly-elected Executive Vice President of Teachers Insurance and Annuity Association of America, submits the following
statement regarding performance of the terms of that Amended and Restated Service Agreement by and between Teachers Insurance and Annuity Association of America (“TIAA”) and TIAA-CREF Life Insurance Company (“T-C Life”), dated as
of January 1, 1999, (the “Service Agreement”): 
 The employees of TIAA who perform certain duties, in accordance with the
guidelines set forth in the TIAA Office Manual, may perform the same or similar duties, and act in the same capacities on behalf of, and as may he required by T-C Life. Such services will be performed subject to the duties and obligations imposed
under Section 2 of the Service Agreement: 
 TIAA employees will devote their lime, attention, knowledge and skills to the business and
interest of TlAA, and when requested pursuant to the Service Agreement, will provide the same services on behalf of T-C Life. 
  

			
		
	By	 	 /s/ Richard L. Gibbs

		 	Richard L. Gibbs
		 	Executive Vice President

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