Crediting of Interest. Frequency: Interest will be compounded on a daily basis and credited to your Savings Account quarterly.
Crediting of Interest. The interest rate for this account is established on the day you open the CD. Interest will be compounded daily and credited monthly.
Crediting of Interest. Interest shall be credited daily on all Purchase Payments that are allocated to the fixed portion of this Contract. Prior to the time the Annuitant elects to receive Benefit Payments or the death of the Annuitant, whichever occurs first, LNL guarantees that it will credit interest on fixed allocations at an effective annual rate not less than 4.5% during the first five contract years, 4.0% during the next five contract years, and 3.5% after that. A table of guaranteed values for the fixed allocations may be found in Article 7. LNL may credit interest at rates in excess of the guaranteed rates at any time.
Crediting of Interest. Each Deferred Fee Account to which Fees have been credited in dollar amounts shall be increased by the amount of interest earned since the immediately preceding Accounting Date. Interest shall be credited at the Declared Rate as of each Accounting Date based on the average daily balance of the Director's Deferred Fee Account since the immediately preceding Accounting Date, but after the Deferred Fee Account has been adjusted for any contributions or distributions to be credited or deducted for such period. Interest for the period prior to the first Accounting Date applicable to a Deferred Fee Account shall be prorated.
Crediting of Interest. The Premium Payment (less the Gross Surrender Value of all surrenders made) will earn interest daily at the effective annual Guarantee Rate during the Guarantee Period. This rate will never be less than the Minimum Interest Rate. The Guarantee Rate is set by Us for the applicable Guarantee Period on the effective date of each Guarantee Period. The initial Guarantee Rate that We will credit is shown on the Contract Specifications page. MINIMUM INTEREST RATE. The guaranteed Minimum Interest Rate that will be applied during a Guarantee Period is determined at the beginning of each Guarantee Period. The Minimum Interest Rate equals the greater of 1% and an interest rate calculated as follows: The interest rate will be such that the Contract Value prior to the application of the Market-Value-Adjustment (MVA) will never be less than 87.5% of the Contract Value at the beginning of the then effective Guarantee Period, adjusted for prior withdrawals, accumulated at the non-forfeiture interest rate required by the Standard Non-forfeiture Law for individual fixed deferred annuities. The guaranteed Minimum Interest Rate will be recalculated monthly for Guarantee Period renewals and new Contracts We issue, based on the formula above. It will not change during a Guarantee Period. We may credit additional interest at Our sole discretion. SURRENDER PROVISIONS
Crediting of Interest. For the purpose of determining the interest to be credited to the Executive’s Account under the Plan, the Bank shall assume that the Executive’s Account is invested in such a manner that it earns a rate of interest equal to the “Interest Crediting Rate,” as described below in Section 3.2. This amount accrued by the Bank as additional deferred compensation shall be a part of the Bank’s obligation to the Executive. The determination of interest credited to the Executive’s Account shall in no way affect the ability of the general creditors of the Bank to reach the assets of the Bank in the event of the insolvency or bankruptcy of the Bank or place the Executive in a secured position ahead of the general creditors of the Bank. There is no requirement that any assets of the Bank shall be invested in any particular manner. Interest hereunder shall be credited to the Executive’s Account effective as of the date the Account first has a positive balance and continuing through the date the Account balance is fully paid to the Executive.
Crediting of Interest. As of the last day of each Plan Year, each Deferred Account to which Compensation has been credited in dollar amounts shall be increased by the amount of interest earned during the Plan Year. Interest shall be credited at the Rate of Return as of the last day of the Plan Year based on the average daily balance of the Participant's Deferred Account since the beginning of the Plan Year, but after the Deferred Account has been adjusted for any contributions or distributions to be credited or deducted for such period. Until a Participant or his or her Beneficiary receives the Participant's entire Deferred Account, the unpaid balance thereof credited in dollar amounts shall bear interest as provided in this Section 5.2.
Crediting of Interest. Any principal amounts credited to the account of a --------------------- Participant under this Part III as of a Participant's Retirement Date shall be credited with interest at the rate specified in Section 4.1(b) of Part I from the Retirement Date to the last day of the month following the Participant's Retirement Date.
Crediting of Interest. 4.1 What is the Fixed Interest Account and how is interest credited to it? ---------------------------------------------------------------------- The Fixed Interest Account guarantees both your principal and your interest (subject to any charges that may apply) without regard to any investment results. The interest rates are set in advance and are "locked-in" without regard to changing economic conditions.
(a) the dates the amounts are withdrawn or transferred to the Separate Account, or (b) the date you ask us to use the amounts to start making income payments to any person entitled to Plan benefits, or (c) the date the death benefit is paid on account of the participant's death. Interest rates for amounts allocated to the Fixed Interest Account will be set by us [from time to time] [as of each January 1, April 1, July 1 and October 1.] The declared rate in effect when an amount is added to the Fixed Interest Account balance will be credited on that amount from the date it is added until the last day of the [contract year in which it is added] [calendar year following the year in which it is added] [month in which the anniversary of that contribution occurs]. Thereafter, we will set interest rates for these contributions (and earnings on them) on or before the first day of each [contract] [calendar] [contribution] year to be credited through the last day of such year. We may credit a different interest rate on transfers from other funds or funding options than we do on other contributions and transfers from the Separate Account. The rates for new contributions and transfers from the Separate Account may be different than the rates credited on amounts already in the Fixed Interest Account. The rates may also vary depending on the amount of your account balance. None of our interest rates will ever be less than 3%. The interest rates we declare are "annual effective yields". The actual rates we use on a day-to-day basis are slightly lower, but, if the contribution is left in your contract for a full year, it will grow by the full amount of the interest rate we declared, because we compound interest daily.
Crediting of Interest. As of each Valuation Date, the amount in the Participant’s Bookkeeping Account shall be credited at an interest rate equal to the rate credited to the Retirement Government Money Market Portfolio under the Qualified Plan for the period since the immediately preceding Valuation Date. This rate shall be applied to the Participant’s Bookkeeping Account as of the beginning of the period, minus any distributions from the Participant’s Bookkeeping Account since the preceding Valuation Date and plus half of all deferred Compensation and half of all Company contributions during the period. In the case of a Termination of Service or Retirement, interest shall be credited at the above rate through the Valuation Date immediately preceding the date the Participant’s entire interest in his Bookkeeping Account is distributed.
