Fund(s) Annuity Unit Value - Separate Account Sample Clauses

Fund(s) Annuity Unit Value - Separate Account. For any Valuation Period, a Fund(s) Annuity Unit Value is equal to: (a) The Value for the previous Period; multiplied by (b) The Net Return Factor(s) (see 3.08) for the Period; multiplied by (c) A factor to reflect the Assumed Annual Net Return Rate. The factor for 3.5% per year is .9999058; for 5% per year it is .9998663. The dollar value of a Fund(s) Annuity Unit Values and payments may go up or down due to investment gain or loss. If Variable Annuity payments are not to decrease, Aetna must earn a gross return on the assets of the Separate Account of: [bullet] 4.75% on an annual basis plus an annual return of up to .25% needed to offset the administrative charge set at the time Annuity payments commence, if an Assumed Annual Net Return Rate of 3.5% is chosen; or [bullet] 6.25% on an annual basis plus an annual return of up to .25% needed to offset the administrative charge set at the time Annuity payments commence if an Assumed Annual Net Return Rate of 5% is chosen. Payments shall not be changed due to changes in the mortality or expense results or administrative charges.
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Fund(s) Annuity Unit Value - Separate Account. For any Valuation Period, a Fund(s) Annuity Unit Value is equal to: (a) The Value for the previous Period; multiplied by (b) The Net Return Factor(s) (see 3.06) for the Period; multiplied by (c) A factor to reflect the Assumed Annual Net Return Rate. The daily factor for 3.5% per year is .9999058; for 5% per year it is .9998663. The dollar value of a Fund's Annuity Unit Values and payments may go up or down due to investment gain or loss. If the portion of a Variable Annuity payment for any Fund is not to decrease, the Annuity return factor under the Separate Account for that Fund must be:
Sample 1Sample 2
Fund(s) Annuity Unit Value - Separate Account. For any Valuation Period, a Fund(s) Annuity Unit Value is equal to: (a) The Value for the previous Period; multiplied by (b) The Net Return Factor(s) (see 4.07) for the Period; multiplied by (c) A factor to reflect the Assumed Annual Net Return Rate for the number of days in the Valuation Period. The daily factor for 3.5% per year is .9999058; for 5% per year it is .9998663. The dollar value of a Fund(s) Annuity Unit Values and payments may go up or down due to investment gain or loss. If Variable Annuity payments are not to decrease, the Company must earn a gross return on the assets of the Separate Account of:
Sample 1Sample 2
Fund(s) Annuity Unit Value - Separate Account. For any Valuation Period the Fund(s) Annuity Unit Value is equal to: (a) the Value for the previous Period; times (b) the Net Return Factor(s) (see 3.07) for the Period; times (c) a factor to reflect the Assumed Annual Net Return Rate. The factor for 3.5% per year is .9999058; for 5% per year it is .9998663. The dollar value of the Fund(s) Annuity Unit Values and payments may go up or down due to investment gain or loss. If Variable Annuity payments are not to decrease, Aetna must earn a gross return on the assets of the Separate Account of:
Sample 1
Fund(s) Annuity Unit Value - Separate Account. For any Valuation Period, a Fund(s) Annuity Unit Value is equal to: (a) The Value for the previous Period; multiplied by (b) The Net Return Factor (see below) for the Period; multiplied by (c) A factor to reflect the Assumed Annual Net Return Rate. The daily factor for 3.5% per year is .9999058; for 5% per year it is .9998663. The Net Return Factor for each Fund is equal to 1.0000000 plus the Net Return Rate. The Net Return Rate, which may be more or less than 0, is equal to: (i) The value of the shares of the Fund held by a Separate Account at the end of a Valuation Period; minus (ii) The value of the shares of the Fund held by a Separate Account at the start of such Valuation Period; plus or minus (iii) Taxes (or reserves for taxes) on the Separate Account (if any); divided by (iv) The total value of the Fund's Record Units (see 4.02) and Annuity Units (see 6.06) in the Separate Account at the start of the Valuation Period; minus (v) A daily charge for Annuity mortality and expense risks, which may include profit, at the annual rate of [1.25]%. The dollar value of a Fund(s) Annuity Unit Values and payments may go up or down due to investment gain or loss. If Variable Annuity payments are not to decrease, the Company must earn a gross return on the assets of the Separate Account of: [4.75]% on an annual basis plus an annual return of up to .25% needed to offset administrative charge set at the time Annuity payments commence if an Assumed Return Rate of 3.5% is chosen; or [6.25]% on an annual basis plus an annual return of up to .25% needed to offset administrative charge set at the time Annuity payments commence if an Assumed Return Rate of 5% is chosen. Payments shall not be changed due to changes in the mortality or expense results.
Sample 1

Related to Fund(s) Annuity Unit Value - Separate Account

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  • Traditional Individual Retirement Custodial Account The following constitutes an agreement establishing an Individual Retirement Account (under Section 408(a) of the Internal Revenue Code) between the depositor and the Custodian.

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  • Settlement Account 4.1 The Scheduling Coordinator shall maintain at all times an account with a bank capable of Fed-Wire transfer to which credits or debits shall be made in accordance with the billing and Settlement provisions of Section 11 of the CAISO Tariff. Such account shall be the account as notified by the Scheduling Coordinator to the CAISO from time to time by giving at least 20 days written notice before the new account becomes operational, together with all information necessary for the CAISO's processing of a change in that account.

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  • Deferred Compensation Account The Employer shall maintain on its books and records a Deferred Compensation Account to record its liability for future payments of deferred compensation and interest thereon required to be paid to the Employee or his beneficiary pursuant to this Agreement. However, the Employer shall not be required to segregate or earmark any of its assets for the benefit of the Employee or his beneficiary. The amount reflected in said Deferred Compensation Account shall be available for the Employer's general corporate purposes and shall be available to the Employer's general creditors. The amount reflected in said Deferred Compensation Account shall not be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment or garnishment by creditors of the Employee or his beneficiary, and any attempt to anticipate, alienate, transfer, assign or attach the same shall be void. Neither the Employee nor his beneficiary may assert any right or claim against any specific assets of the Employer. The Employee or his beneficiary shall have only a contractual right against the Employer for the amount reflected in said Deferred Compensation Account and shall have the status of general unsecured creditors. Notwithstanding the foregoing, in order to pay amounts which may become due under this Agreement, the Employer may establish a grantor trust (hereinafter the "Trust") within the meaning of Section 671 of the Internal Revenue Code of 1986, as amended. The assets in such Trust shall at all times be subject to the claims of the general creditors of the Employer in the event of the Employer's bankruptcy or insolvency, and neither the Employee nor any beneficiary shall have any preferred claim or right, or any beneficial ownership interest in, any such assets of the Trust prior to the time such assets are paid to the Employee or beneficiary pursuant to this Agreement. The Employer shall credit to said Deferred Compensation Account the amount of any salary to which the Employee becomes entitled and which is deferred pursuant to Section 1 hereof, such amount to be credited as of the first business day of each month. The Employer shall also credit to said Deferred Compensation Account an Interest Equivalent in the amount and manner set forth in Section 3 hereof.

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