AMOUNT OF ANNUITY PAYMENTS. If the amount of the Account Value to be applied under an Annuity Option is less than $5,000, we may make one lump sum payment equal to the then current Account Value in lieu of Annuity Payments. If the amount of the Annuity Payment would be less than $100, we may reduce the frequency of payments to an interval which will result in the payment being at least $100, but with a frequency of no less than annually.
AMOUNT OF ANNUITY PAYMENTS. Charges made by us for premium taxes will be deducted from your Contract Value at the Annuity Date. The remaining value will be transferred to our General Account and applied to the annuity option chosen at our then current annuity purchase rates, which will be furnished on request. The annuity purchase rates will assume interest of not less than 4%. They will not be less favorable than those shown in the annuity tables in this Contract. The tables show the minimum guaranteed amount of each monthly payment for each $1,000 so applied, according to the sex and age at the Annuity Date of the Annuitant. The tables are based on the 1983 Table "a" for Individual Annuity Valuation with interest at 4%.
AMOUNT OF ANNUITY PAYMENTS. Annuity payments from the fixed account are guaranteed. The guaranteed annuity payment from the fixed account as of the first periodic payment date is shown on page 3. The annuity payments from the investment accounts are variable and may increase or decrease depending on the investment results of the underlying funds. Annuity payments from both the fixed account and the investment accounts may increase or decrease in accordance with any transfers made to or from those accounts as described in Part E. Additional amounts may also be paid with any annuity payments from the fixed account to you or your beneficiary. We do not guarantee that there will be additional amounts.
AMOUNT OF ANNUITY PAYMENTS. Charges made by us for premium taxes will be deducted from your Contract Value at the Annuity Date. The remaining value will be transferred to our general account and applied to the Annuity Option you select, at our then current annuity purchase rates, which will be furnished on request. They will not be less favorable than those shown in the annuity tables in this Contract. The tables show the minimum guaranteed amount of each monthly payment for each $1,000 so applied, according to the sex (where permissible) and age at the Annuity Date of the Annuitant.
AMOUNT OF ANNUITY PAYMENTS. The Contract Value will be transferred to our general account and applied to the Annuity Option you select, at our then current annuity purchase rates, which will be furnished on request. The annuity purchase rates will assume interest of not less than 3%. They will not be less favorable than those shown in the annuity tables in this Contract. The tables show the minimum guaranteed amount of each monthly payment for each $1,000 so applied, according to the sex (when permissible) and age at the Annuity Date of the Annuitant. The tables are based on the 1983 Table "a" for Individual Annuity Valuation, projected forward to 2000 with interest at 3%. The amount of your annuity payments will not be less than those that would be provided by application of the Contract Value to purchase a single premium immediate annuity contract then offered by us for the same annuity plan.
AMOUNT OF ANNUITY PAYMENTS. Subject to adjustment pursuant to Section 2.03 (if applicable), the amount of each Annuity Payment payable to the Employee pursuant to Section 2.01 hereof shall be determined as follows:
3 (a) If the Termination Date occurs after March 31, 2000, the amount of each Annuity Payment shall be Seven Thousand Two Hundred Dollars ($7,200).
AMOUNT OF ANNUITY PAYMENTS. Applicable premium taxes imposed by a state or other government will e deducted from your fixed Account value at the annuity date. The remaining value will be applied to the annuity option chose at our current annuity rates, which will be furnished on request. The rates will assume interest of not less than 4%. They will not be less
AMOUNT OF ANNUITY PAYMENTS. The Contract Value on the day immediately preceding the Annuity Date will be used to determine the Annuity Payment. The Annuity Payment will be based upon the Annuity Option elected, the Annuitant’s age, the Annuitant’s sex, and the appropriate Fixed Annuity Option Table. The annuity rates will not be less than those guaranteed in the Contract at the time of purchase. The annuity benefits at the time of their commencement will not be less than those that would be provided by the application of the Surrender Value to purchase a single premium immediate annuity contract at purchase rates offered by the company at the time to the same class of annuitants. ICC11-VA-C The Contract Value will be applied to the selected Annuity Option as of the Annuity Date. In no event will the monthly income under Option 1, Option 2, Option 3 and Option 4 be less than the guaranteed monthly income. The guaranteed monthly income will be equal to that portion of the Contract Value, designated by the Contract Owner for an Annuity Option, applied to the Fixed Annuity Options Table in this section. The Fixed Annuity Options Table shows the amount of the first payment for each $1,000 so applied, according to the age at the Annuity Date. The tables are based on the Annuity 2000 Basic Table, without projections, 50% male/50% female with an effective annual interest rate of 1.5%. Adjusted ages are used in applying those tables.
AMOUNT OF ANNUITY PAYMENTS. The Annuity Payment will be based upon the Contract Value, the Annuity Option elected, the Annuitant’s Actual Age, the Annuitant’s sex, and the methodology outlined in the Guaranteed Annuity Rates section in Section 1. The annuity rates will not be less than those guaranteed in the Contract at the time of purchase. The annuity benefits at the time of their commencement will not be less than those that would be provided by the application of the Surrender Value to purchase a single premium immediate annuity contract at purchase rates offered by Us at the time to the same class of annuitants. The Contract Value will be applied to the selected Annuity Option as of the Annuity Date. In no event will the monthly income under Option 1, Option 2, Option 3 and Option 4 be less than the guaranteed monthly income. The guaranteed monthly income will be equal to that portion of the Contract Value, designated by the Contract Owner for an Annuity Option, applied to the selected Annuity Option using the methodology shown in the Guaranteed Annuity Rates section in Section 1. The guaranteed monthly income amounts are available upon request.
AMOUNT OF ANNUITY PAYMENTS. UNDER AN OPTIONAL ANNUITY FORM Unless otherwise provided in the Plan, the amount of the first monthly Annuity Payment under an Optional Annuity Form shall be determined as the quotient of (1) divided by (2) below:
(1) The total consideration which would be required on behalf of the Participant at his Annuity Commencement Date to purchase his monthly Annuity Payments on the Normal Annuity Form with the first such monthly Annuity Payment being in the amount determined by the Plan.
(2) The consideration required on behalf of the Participant at his Annuity Commencement Date to purchase a first monthly Annuity Payment of $1.00 under the Optional Annuity Form elected.
