Annuity Units. The number of Annuity Units credited to the Annuitant for each Sub-Account is determined by dividing the amount of the first payout by the Sub-Account’s annuity unit value on the 1st Valuation Date preceding the Annuity Commencement Date. The number of Annuity Units used to calculate each payout for a Sub- Account remains fixed during the Annuity Payout Period.
Appears in 12 contracts
Samples: Annuity Contract (Variable Annuity I Ser Acc of GRT West Li & Annu Ins Co of Ny), Annuity Contract (Variable Annuity I Ser Acc of GRT West Li & Annu Ins Co of Ny), Annuity Contract (Variable Annuity-2 Series Account)
Annuity Units. The number of Annuity Units credited to the Annuitant for each Sub-Account is determined by dividing the amount of the first payout by the Sub-Account’s 's annuity unit value on the 1st Valuation Date preceding the Annuity Commencement Date. The number of Annuity Units used to calculate each payout for a Sub- Account remains fixed during the Annuity Payout Period.
Appears in 5 contracts
Samples: Annuity Contract (Variable Annuity 1 Series Account), Annuity Contract (Variable Annuity-2 Series Account), Annuity Contract (Variable Annuity-2 Series Account)
Annuity Units. The number of Annuity Units credited to the Annuitant for each Sub-Account is determined by dividing the amount of the first payout by the Subsub-Accountaccount’s annuity unit value on the 1st Valuation Date preceding the Annuity Commencement Date. The number of Annuity Units used to calculate each payout for a Sub- Account remains fixed during the Annuity Payout Period.
Appears in 2 contracts
Samples: Individual Flexible Premium Variable Annuity (Variable Annuity-2 Series Account), Individual Flexible Premium Variable Annuity (Variable Annuity-2 Series Account of Great-West Life & Annuity Ins. Co.)
Annuity Units. The number of Annuity Units credited to the Annuitant for each Sub-Account is determined by dividing the amount of the first payout by the Sub-Account’s annuity unit value on the 1st Valuation Date preceding the Annuity Commencement Date. The number of Annuity Units used to calculate each payout for a Sub- Sub-Account remains fixed during the Annuity Payout Period.
Appears in 2 contracts
Samples: Annuity Contract (Variable Annuity-2 Series Account), Annuity Contract (Variable Annuity-2 Series Account)
Annuity Units. The number of Annuity Units credited to the Annuitant for each Sub-Account is determined by dividing the amount of the first payout by the Subsub-Accountaccount’s annuity unit value on the 1st Valuation Date preceding the Annuity Commencement Date. The number of Annuity Units used to calculate each payout for a Sub- Sub-Account remains fixed during the Annuity Payout Period.
Appears in 2 contracts
Samples: Individual Flexible Premium Variable Annuity (Variable Annuity-2 Series Account), Individual Flexible Premium Variable Annuity (Varifund Variable Annuity Account)
Annuity Units. The number of Annuity Units for each Variable Sub-Account to be credited to the Annuitant for each Sub-Participant Annuity Account is will be determined by dividing the amount portion of the first payout monthly payment to be taken from such sub-account by the Subsub-Account’s annuity unit value account's Annuity Unit Value on the 1st 5th Valuation Date preceding the date the first payment is due for which the number of Annuity Commencement DateUnits is being computed. The number of Annuity Units used to calculate each payout for a Sub- Variable Sub-Account remains fixed during the Annuity Payout Payment Period.
Appears in 1 contract
Samples: Group Annuity Contract (Tivo Inc)
Annuity Units. The number of Annuity Units credited paid to the Annuitant for each Sub-Account is determined by dividing the amount of the first payout by the Subsub-Accountaccount’s annuity unit value on the 1st 5th Valuation Date preceding the Annuity Commencement Date. The number of Annuity Units used to calculate each payout for a Sub- Sub-Account remains fixed during the Annuity Payout Period.
Appears in 1 contract
Annuity Units. The number of Annuity Units credited paid to the Annuitant for each Sub-Account is determined by dividing the amount of the first payout by the Subsub-Account’s account's annuity unit value on the 1st 5th Valuation Date preceding the Annuity Commencement Date. The number of Annuity Units used to calculate each payout for a Sub- Sub-Account remains fixed during the Annuity Payout Period.
Appears in 1 contract
Samples: Flexible Premium Variable Annuity (Variable Annuity I Ser Acc of Fir GRT West Li & Annu Ins Co)
Annuity Units. The number of Annuity Units credited paid to the Annuitant for each Sub-Account is determined by dividing the amount of the first payout by the Sub-Account’s annuity unit 's Annuity Unit value on the 1st Valuation Date preceding the Annuity Commencement Date. The number of Annuity Units used to calculate each payout for a Sub- Sub-Account remains fixed during the Annuity Payout Period.
Appears in 1 contract
