Number of Accumulation Units. On the Issue Date, the number of Accumulation Units in each subaccount is equal to the Initial Purchase Payment amount allocated to that subaccount, divided by that subaccount’s Accumulation Unit Value. At the end of each Business Day, we adjust the number of Accumulation Units in each subaccount as follows. Additional Purchase Payments and Transfers into a subaccount will increase the number of Accumulation Units. Withdrawals (including any applicable Withdrawal Charges), Transfers out of a subaccount, and the deduction of any Contract Charges or Transfer Fees will decrease the number of Accumulation Units. The change in the number of Accumulation Units is equal to the net amount allocated to or deducted from the subaccount, divided by that subaccount’s Accumulation Unit Value. We arbitrarily set the initial Accumulation Unit Value for each subaccount. At the end of each Business Day for each subaccount, we multiply the Accumulation Unit Value at the end of the prior Business Day by the percentage change in value of a Variable Option since the prior Business Day. The percentage change includes the market performance of the Variable Option and any assessed Mortality and Expense Risk Charge. On the first Term Start Date, the Index Option Value and Index Option Base for each Index Option are equal to: • The portion of the Initial Purchase Payment allocated to that Index Option, if the Index Effective Date is the Issue Date; or • The portion of Variable Account Value allocated to that Index Option, if the Index Effective Date is not the Issue Date. At the end of each Business Day other than the Term Start Date or Term End Date, the Index Option Value is equal to the Index Option Base plus its Daily Adjustment. We establish a Proxy Value to calculate the Daily Adjustment. The Proxy Value is determined on each Business Day based on the value of a hypothetical set of put and call options as determined by an option pricing formula. The Daily Adjustment is calculated before we process any Partial Withdrawal or deduct any Contract Charges using the Index Option Base, the current Proxy Value, and the Proxy Value as of the Term Start Date. At the end of each Business Day, we reduce each Index Option Value by the dollar amount withdrawn from the Index Option, including any Withdrawal Charge, and Contract Charges. We deduct money from an Index Option proportionately based on the percentage of Contract Value in each Allocation Option, unless you specify otherwise. We th...
Number of Accumulation Units. The number of accumulation units in an Investment Account under this contract will be increased by:
A) any premiums allocated to that Investment Account; and
B) any internal transfers made to that Investment Account; and will be decreased by:
C) the application of any accumulations in that Investment Account to provide any available form of benefit payments as described in Part E;
D) any internal transfers from the accumulation in that Investment Account to the Traditional Annuity, another Investment Account, or the companion CREF contract;
E) any amounts forfeited as described in section 43;
F) any premium taxes incurred by TIAA for that Investment Account in this contract;
G) any employer plan fee withdrawals from that Investment Account; and
H) any minimum distribution payments paid from that Investment Account. The increase or decrease in the number of accumulation units on any valuation day is equal to the net dollar value of all transactions divided by the value of the Investment Account's accumulation unit as of the end of the business day on which the transaction becomes effective.
Number of Accumulation Units. Your Contract is credited with Accumulation Units of the Separate Account when amounts are allocated to the Variable Portfolio(s). For that portion of each Purchase Payment and/or transfer amount allocated to a Variable Portfolio, the number of Accumulation Units credited is equal to: The sum of each Purchase Payment and/or transfer amount allocated to the Variable Portfolio reduced by premium taxes, if any: The Accumulation Unit Value for that Variable Portfolio for the NYSE business day in which the Purchase Payment or transfer amount is received. The number of Accumulation Units will be reduced for Withdrawals of Contract Value, annuitizations, amounts transferred out of a Variable Portfolio, the Contract Maintenance Fee, if applicable, and applicable charges for any elected features as set forth in Endorsements to this Contract. Any reduction to the Contract Value will be made as of the NYSE business day in which We receive all requirements for the transaction, as appropriate. The AUV of a Variable Portfolio for any NYSE business day is calculated by subtracting (2) from (1) and dividing the result by (3) where:
Number of Accumulation Units. For each subaccount the number of your Accumulation Units is the sum of: Each Premium or transfer allocated to the subaccount Divided by The value of an Accumulation Unit for that subaccount for the valuation period in which we received the Premium or transfer. The number will be adjusted for transfers from each subaccount, withdrawals and charges. Adjustments will be made as of the valuation period in which the transaction is effective.
Number of Accumulation Units. For each Subaccount, the number of Accumulation Units is the sum of each Purchase Payment and transfer amount allocated to the Subaccount, reduced by premium taxes, if any: Divided by The Accumulation Unit value for that Subaccount for the NYSE business day in which the Purchase Payment or transfer amount is received. The number of Accumulation Units will be similarly adjusted for withdrawals, annuitizations, transfers and charges. Adjustments will be made as of the NYSE business day in which We receive all requirements for the transaction, as appropriate. ACCUMULATION UNIT VALUE (AUV) The AUV of a Subaccount for any NYSE business day is calculated by subtracting (2) from (1) and dividing the result by (3) where:
Number of Accumulation Units. On the Issue Date, the number of Accumulation Units in each subaccount is equal to the Initial Purchase Payment amount allocated to that subaccount, divided by that subaccount's Accumulation Unit Value. At the end of each Business Day, we adjust the number of Accumulation Units in each subaccount as follows. Additional Purchase Payments and Transfers into a subaccount will increase the number of Accumulation Units. Withdrawals (including any applicable Withdrawal Charges), Transfers out of a subaccount, and the deduction of any Contract Charges or Transfer Fees will decrease the number of Accumulation Units. The change in the number of Accumulation Units is equal to the net amount allocated to or deducted from the subaccount, divided by that subaccount's Accumulation Unit Value.
Number of Accumulation Units. During the Accumulation Period, Accumulation Units are added to, or subtracted from each subaccount, as a result of Premium payments, transfers, withdrawals, charges and credits (except for charges and credits used in determining the Net Investment Factor) during a
Number of Accumulation Units. The number of accumulation units for this contract in any subaccount may increase or decrease at the end of each Valuation Period. The number of accumulation units increases when, during the period: Premiums are allocated to the subaccount; or Accumulated value is transferred to the subaccount from other subaccounts, from Fixed Period Allocations or from the Fixed Account; or Upon an Annuitant Exchange (see section 7.6), any excess of Death Proceeds over Accumulated Value is allocated to the subaccount. The number of accumulation units decreases when, during the Valuation Period: Accumulated value is transferred from the subaccount to other subaccounts, to Fixed Period Allocations or to the Fixed Account; or Partial Surrenders are applied against the subaccount; or Transfer charges are applied against the subaccount. The increase or decrease in the number of accumulation units for this contract in any subaccount is equal to: The dollar amount allocated or transferred to or from that subaccount; Divided by The accumulation unit value for that subaccount at the end of the Valuation Period during which the amounts are allocated or transferred.
Number of Accumulation Units. On the Issue Date, the number of Accumulation Units in each subaccount is equal to the Initial Purchase Payment amount allocated to that subaccount, divided by that subaccount's Accumulation Unit Value. At the end of each Business Day, we adjust the number of Accumulation Units in each subaccount as follows. Additional Purchase Payments will increase the number of Accumulation Units. Withdrawals (including any applicable Withdrawal Charges), transfers out of subaccounts, and the deduction of any Contract Charges will decrease the number of Accumulation Units. The change in the number of Accumulation Units is equal to the net amount allocated to or deducted from the subaccount, divided by that subaccount's Accumulation Unit Value. We arbitrarily set the initial Accumulation Unit Value for each subaccount. At the end of each Business Day for each subaccount, we multiply the Accumulation Unit Value at the end of the prior Business Day by the percentage change in value of an Interim Fund(s) since the prior Business Day. The percentage change includes the market performance of the Interim Fund(s). L40538-IAI 6 [Admin Tracking Identifier]
Number of Accumulation Units. On the Issue Date, the number of Accumulation Units in each subaccount is equal to the Initial Purchase Payment amount allocated to that subaccount, divided by that subaccount’s Accumulation Unit Value. At the end of each Business Day, we adjust the number of Accumulation Units in each subaccount as follows. Additional Purchase Payments will increase the number of Accumulation Units. Withdrawals (including any Withdrawal Charges), transfers out of subaccounts, and the deduction of any Contract Charges will decrease the number of Accumulation Units. The change in the number of Accumulation Units is equal to the net amount allocated to or deducted from the subaccount, divided by that subaccount’s Accumulation Unit Value. We arbitrarily set the initial Accumulation Unit Value for each subaccount. At the end of each Business Day for each subaccount, we multiply the Accumulation Unit Value at the end of the prior Business Day by the percentage change in price of an Interim Fund(s) since the prior Business Day. The percentage change includes the market performance of the Interim Fund(s). During the Accumulation Phase, you can transfer the Contract Value in an Index Option into another Index Option by providing an Authorized Request. Transfers can only occur on the Index Effective Date and on subsequent Index Anniversaries by providing an Authorized Request. All Transfers are subject to the following: • We may limit Transfers until the end of the Right to Examine period. • Any Transfer request must comply with the Allocation Guidelines shown on the Contract Schedule. We may suspend or postpone Transfers or payments for Withdrawals for any period when: • The New York Stock Exchange is closed, other than customary weekend and holiday closings. • Trading on the New York Stock Exchange is restricted. • An emergency, as determined by the Securities and Exchange Commission, exists as a result of which disposal of the Interim Fund(s) shares are not reasonably practicable or we cannot reasonably value the Interim Fund(s) shares. • During any other period when the Securities and Exchange Commission, by order, so permits for the protection of Owners.
