Account Value definition

Account Value for any Participant Account on any given date means:

Account Value means the amount shown on Schedule A under the heading Account Value. The parties expressly acknowledge that the Account Value may be different than the liability that should be accrued by the Bank, under Generally Accepted Accounting Principles (“GAAP”), for the Bank’s obligation to the Executive under this Agreement. The Account Value on any date other than the end of a Plan Year shall be determined by adding the prorated increase attributable for the current Plan Year to the Account Value for the previous Plan Year.

Account Value means the amount shown on Schedule A under the heading Account Value. The parties expressly acknowledge that the Account Value may be different than the liability that should be accrued by the Bank under Generally Accepted Accounting Principles for the Bank’s obligation to the Executive under this Agreement.

Examples of Account Value in a sentence

• Surrender charges are applied to the Account Value according to the schedule below until the surrender charge period ends, which may be after the Initial Interest Guarantee Period has ended.

• It is deducted from the Account Value through cancellation of Units.

• Interest credited under Option U is added to your Account Value on the first Policy Anniversary and each Policy Anniversary thereafter while under this option.

• Account Type If Other Account Type, DescribeMaximum Account Value Account NumberFinancial Institution Name < Street AddressCity A B A B StateZIP/Postal CodeCountryGIIN A B Type of TIN Code: A - Employer Identification No. (EIN) B - SSN or ITIN C - Foreign < Last Name or Organization Name First NameMiddle Initial SuffixTaxpayer ID Number If you have no financial interest in the account or account is jointly owned, please complete the account owner information below.

• Losses, in some cases, have the potential to extend beyond the Customer’s Account Value.

More Definitions of Account Value

Account Value is the entire amount we hold under this Contract for you before the Income Date. It is equal to the sum of the Variable Account Value and the Fixed Account Value.

Account Value is the sum of the policyholders' interests in the Cedent's separate accounts, as defined in the Policies, before reductions for surrender charges.

Account Value means the amount reflected on the books and records of the Company as the value of a Participant’s Deferred Compensation Account at any date of determination, as determined in accordance with this Plan.

Account Value is the entire amount we hold under this Certificate for the Owner before the Income Date. It is equal to the sum of the Variable Account Value and the Fixed Account Value.

Account Value. The total value of all allocations to the Sub-accounts on any Valuation Day.

Account Value. The value of: (1) amounts allocated to the Fixed Interest Options, including interest earnings to date; less (2) any deductions from the Fixed Interest Options (e.g., withdrawals and fees); and plus (3) the current dollar value of amounts allocated to the Subaccounts of Variable Annuity Account C, which includes investment performance and fees deducted from the Subaccounts.

Account Value as used in this Agreement, means the contract value determined in accordance with the terms of the Annuities.