Fund Record Unit Value Clause Samples
The 'Fund Record Unit Value' clause defines how the value of individual units within a fund is determined and recorded. Typically, this involves specifying the calculation method for unit values, the frequency of valuation (such as daily or monthly), and the data sources or benchmarks used for valuation. For example, the clause may state that unit values are based on the net asset value of the fund divided by the number of outstanding units. Its core practical function is to ensure transparency and consistency in valuing fund units, which is essential for fair investor transactions and accurate reporting.
Fund Record Unit Value. A Fund record unit value is computed by Separate Account: multiplying the net return factors for the current Valuation Period by the Fund record unit value for the previous Period. The dollar value of Fund record units, Separate Account assets, and Variable Annuity payments may go up or down due to investment gain or loss.
Fund Record Unit Value. 21 3.06 Fund Net Return Factors: . . . . . . . . . . . . 21
Fund Record Unit Value. 13 3.05 Fund Net Return Factors ............................ 13 3.06
Fund Record Unit Value. 9 3.06 Fund Net Return Factors ........................................................................................................................ 9 3.07 Fund Transfer(s) .................................................................................................................................... 10 3.08 Notice to the Participant ......................................................................................................................... 10 3.09 Withdrawal Restrictions .......................................................................................................................... 10 3.10 Ma▇▇▇▇ ▇nd Timing of Distributions ........................................................................................................ 11 3.11 Withdrawal .............................................................................................................................................. 11 3.12 Partial Withdrawal from the Fixed Plus Account .................................................................................... 12 3.13 Payment of Fixed Plus Account Full Withdrawal .................................................................................... 12 3.14 Payment of Minimum Current Value ...................................................................................................... 13 3.15 Amount Payable at Death (Before Annuity Payments Start) ................................................................. 13 3.16 Reinstatement ........................................................................................................................................ 13 IV. NON-ANNUITY DISTRIBUTION OPTIONS
Fund Record Unit Value. 21 3.07 Fund Net Return Factors: . . . . . . . . . . . . . . . . . . . . 21 3.08 Market Value Adjustment (MVA): . . . . . . . . . . . . . . . . . 21 3.09 Transfer(s): . . . . . . . . . . . . . . . . . . . . . . . . . . 22 3.10 Notice to the Participant: . . . . . . . . . . . . . . . . . . . 23 3.11 Loans: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 3.12 ▇▇▇▇▇▇ and Timing of Distributions: . . . . . . . . . . . . . . 25 3.13 Withdrawal: . . . . . . . . . . . . . . . . . . . . . . . . . . 26 3.14 Withdrawal Value: . . . . . . . . . . . . . . . . . . . . . . . 26 3.15 Withdrawal Restrictions: . . . . . . . . . . . . . . . . . . . . 26 3.16 Withdrawals from the GA Account: . . . . . . . . . . . . . . . . 27 3.17 Withdrawal Fee Applicable to Funds and GA Account: . . .