Examples of Payment Calculation Date in a sentence
The Joint Annuitant must be at least Age 40 on the first Payment Calculation Date.
If Our rates in effect on the first Payment Calculation Date are more favorable, We will use those rates.
We determine future payments under these options by multiplying the number of Annuity Units in each Subaccount by the Annuity Unit Value for each Subaccount on the Payment Calculation Date.
Upon being notified of such an election, LL&A shall calculate the amount to be converted to an annuity as either the Participant's Account balance, or a portion thereof, or the Death Benefit as of the initial Annuity Payment Calculation Date, as appropriate, less the charge for premium taxes, if any.
After the first Payment Calculation Date, You may not change the Payment Option You elected.