Number of Annuity Units Sample Clauses

Number of Annuity Units. The number of Annuity Units in each Division under a variable payment plan is determined by dividing the amount of the first payment payable from the Division by the Annuity Unit value for the Division at the close of business on the effective date of the variable payment plan. The number of Annuity Units will not be changed by any subsequent change in the dollar value of Annuity Units.
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Number of Annuity Units. The number of annuity units payable under each income change method from each investment account are shown on page 3. The number of annuity units payable will be modified by any transfers or switches you make.
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Number of Annuity Units. The number of annuity units for any series is determined by dividing the first year monthly payment by the separate account annuity unit value for that series for the valuation period that includes the settlement date. The number of annuity units thus determined will not change unless the participant converts annuity units from one series to another. Such annuity units converted will be based on the same assumed investment return.
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Number of Annuity Units. If a Variable Annuity is payable, each annuity payment is defined in terms of annuity units. The total amount payable is the sum of the payments from each subaccount. The number of annuity units payable from any subaccount is equal to: The dollar amount of the first annuity payment provided by that subaccount; Divided by The annuity unit value for that subaccount (See Section 9.3) on the Valuation Day on which the first payment is calculated. After the first payment, the number of annuity units payable from each subaccount will not change unless you request a change in allocation as provided in Section 8.3 or a reduction factor applies under Option 5V of Section 11.2. The dollar amount payable from any subaccount will be equal to: The number of units payable from that subaccount; Multiplied by The annuity unit value for that subaccount on the Valuation Day on which the payment is calculated.
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Number of Annuity Units. If a Variable Annuity is payable, each annuity payment is defined in terms of annuity units. The total amount payable is the sum of the payments from each subaccount. The number of annuity units payable from any subaccount is equal to: 1) The dollar amount of the first annuity payment provided by that subaccount; Divided by 2) The annuity unit value for that subaccount on the Valuation Day on which the first payment is calculated. After the first payment, the number of annuity units payable from each subaccount will not change unless you request a change in allocation as provided in Section 7.11. The dollar amount payable from any subaccount will be equal to: 1) The number of units payable from that subaccount; Multiplied
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Number of Annuity Units. The number of Annuity Units in each Division is determined by dividing the amount of the First Payment from that Division by the Annuity Unit value for the Division at the close of business on the valuation date on which the consideration is received at the Home Office or the request for exchange or transfer becomes effective. The number of Annuity Units will not be changed by any subsequent change in the dollar value of Annuity Units.
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Number of Annuity Units. The number of units for the subaccount of each investment account chosen is The amount of the first variable annuity payment attributable to that subaccount divided by The value of an Annuity Unit for the subaccount as of the Annuity Date. The number of Annuity Units is fixed except for adjustments for subaccount transfers. Adjustments will be made as of the valuation period in which all requirements for the transfer are received.
Sample 1
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Number of Annuity Units. 11 5.03 Optional Annuity Date and Optional Settlement........................ 8 5.06 Options on Date of Cessation of Purchase Payments.................... 8 2.06
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Number of Annuity Units. 00 5.03 Optional Annuity Date and Optional Settlement.................................... 00 2.06
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Related to Number of Annuity Units

  • Death of Annuitant If the natural Owner and Annuitant are different, and the Annuitant dies before the Annuity Date, the Owner becomes the Annuitant until the Owner elects a new Annuitant. If there are Joint Annuitants, upon the death of any Annuitant prior to the Annuity Date, the Owner may elect a new Joint Annuitant. However, if the Owner is a non-natural person, We will treat the death of any Annuitant as the death of the "Primary Annuitant" and as the death of the Owner, see DEATH PROVISIONS.

  • Death Benefit Should Employee die during the term of employment, the Company shall pay to Employee's estate any compensation due through the end of the month in which death occurred.

  • ANNUITY OPTIONS The following Annuity Options are available under this Contract. Additional options may become available in the future:

  • Life Annuity In addition to the rules imposed by the Act, a life annuity purchased with the property of the Plan must comply with Pension Legislation and must be established for the Annuitant’s life. However, if the Annuitant has a Spouse on the date payments under the life annuity begin, the life annuity must be established for the lives jointly of the Annuitant and the Annuitant’s Spouse, unless the Spouse has provided a waiver in the form and manner required by Pension Legislation. Where the surviving Spouse is entitled to payments under the life annuity after the Annuitant’s death, those payments must be at least 60 percent of the amount to which the Annuitant was entitled prior to the Annuitant’s death. The life annuity may not differentiate based on gender except to the extent permitted by Pension Legislation.

  • Fixed Annuity 10 1.16 Fund(s) ........................................................... 10 1.17

  • Accrued Benefit 1.05 1.16 Nonforfeitable ............................................. 1.05 1.17 Plan Year/Limitation Year .................................. 1.05 1.18 Effective Date ............................................. 1.05 1.19 Plan Entry Date ............................................ 1.05 1.20

  • Share Class Annual Compensation Rate Class R-1 1.00% Class R-2 0.75% Class R-2E 0.60% Class R-3 0.50% Class R-4 0.25% Class R-5 No compensation paid Class R-5E No compensation paid Class R-6 No compensation paid If you hold Plan accounts in an omnibus account (i.e., multiple Plans in one account on the books of the Funds), Plans that are added to the omnibus account after May 15, 2002 may invest only in R shares, and you must execute an Omnibus Addendum to the Selling Group Agreement, which you can obtain by calling our Home Office Service Team at 800/421-5475, extension 8.

  • Survivor Benefit Upon the death of a regular employee who leaves a spouse and/or dependants enrolled in the Medical Services Plan, Dental Plan and Extended Health Benefit Plan, such enrolment may continue for twelve (12) months following the employee’s death, provided the enrolled family members pay the employee’s share of the cost of the premium for the plans. The Employer shall advise the survivor of this benefit.

  • Payment Options The exercise price shall be paid by one or any combination of the following forms of payment that are applicable to this option, as indicated on the cover page hereof: (i) by check payable to the order of the Company; or (ii) delivery of an irrevocable and unconditional undertaking, satisfactory in form and substance to the Company, by a creditworthy broker to deliver promptly to the Company sufficient funds to pay the exercise price, or delivery by the Optionee to the Company of a copy of irrevocable and unconditional instructions, satisfactory in form and substance to the Company, to a creditworthy broker to deliver promptly to the Company cash or a check sufficient to pay the exercise price; or (iii) subject to Section 7(b) below, if the Common Stock is then traded on a national securities exchange or on the Nasdaq National Market (or successor trading system), by delivery of shares of Common Stock having a fair market value equal as of the date of exercise to the option price. In the case of (iii) above, fair market value as of the date of exercise shall be determined as of the last business day for which such prices or quotes are available prior to the date of exercise and shall mean (i) the last reported sale price (on that date) of the Common Stock on the principal national securities exchange on which the Common Stock is traded, if the Common Stock is then traded on a national securities exchange; or (ii) the last reported sale price (on that date) of the Common Stock on the Nasdaq National Market (or successor trading system), if the Common Stock is not then traded on a national securities exchange.

  • Partial or No Exercise of the Over-allotment Option In the event the Over-allotment Option granted to the underwriters of the IPO is not exercised in full, the Subscriber acknowledges and agrees that it (or, if applicable, it and any transferees of Shares) shall forfeit any and all rights to such number of Shares (up to an aggregate of 750,000 Shares and pro rata based upon the percentage of the Over-allotment Option exercised) such that immediately following such forfeiture, the Subscriber (and all other initial stockholders prior to the IPO, if any) will own an aggregate number of Shares, not including Shares issuable upon exercise of any warrants or any Common Stock purchased by Subscriber in the IPO or in the aftermarket equal to 20% of the issued and outstanding Shares immediately following the IPO.

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