Optional Payment Plans Clause Samples

Optional Payment Plans. 17 Copies of any application, riders and endorsements follow page 21. DEFINITIONS ________________________________________________________________________________ ACCUMULATION UNIT - Unit of measure used in calculating the Contract Value in the Separate Account prior to the Annuity Commencement Date. ANNUITANT / JOINT ANNUITANT - The person(s) named on the Contract data pages whose age and, where appropriate, gender are used in determining the amount of the monthly income benefits. ANNUITY COMMENCEMENT DATE - The date stated on the Contract data pages, unless changed after issue, on which Income Payments are scheduled to commence, if the Annuitant(s) is living on that date. ANNUITY COMMENCEMENT VALUE - The Surrender Value on the day immediately preceding the Annuity Commencement Date. ANNUITY UNIT - Unit of measure used in determining the amount of the second and each subsequent Variable Income Payment. ASSUMED INTEREST RATE - Interest rate used in calculating the Variable Income Payment amounts. THE COMPANY - GE Life and Annuity Assurance Company. "We", "us" or "our" refers to the Company. CONTRACT - This Contract with any attached application and any riders and endorsements. CONTRACT DATE - Date the Contract is issued and becomes effective. The Contract Date is shown on the Contract data pages and is used to determine Contract years and anniversaries. CONTRACT VALUE - The sum of the values allocated to each Investment Option.
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Optional Payment Plans. A copy of the application and any riders and endorsements follow page 24.
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Optional Payment Plans. 21 Copies of any riders and endorsements follow page 24. DEFINITIONS -------------------------------------------------------------------------------- Accumulation Unit - A unit of measure used in calculating the Contract Value in each Subaccount prior to the Annuity Commencement Date. Annuitant / Joint Annuitant - The person(s) whose age and, where appropriate, gender are used in determining the amount of Income Payments. A Death Benefit is payable on the death of any Annuitant prior to the Annuity Commencement Date. Annuity Commencement Date - The date stated on the Contract Data Pages, unless changed after issue, on which Income Payments are scheduled to begin, if the Annuitant(s) is living on that date. Annuity Commencement Value - The Contract Value on the day immediately preceding the Annuity Commencement Date. Annuity Unit - A unit of measure used to calculate Variable Income Payments.
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Optional Payment Plans. 20 Copies of any riders and endorsements follow page 22.
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Optional Payment Plans. 17 Copies of any application, riders and endorsements follow page 20.
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Optional Payment Plans. Optional Payments Death proceeds or Surrender Value may be paid in one payment. Subject to the rules stated below, any part of the death proceeds or Surrender Value (other than ▇▇▇▇▇▇▇ Commencement Value) can be left with us and paid under an Optional Payment Plan. If you choose to do so, the proceeds less any premium tax will be applied to calculate the Income Payment. Upon your death, if you have not chosen a plan for the payment of the death proceeds, the designated beneficiary may choose a plan. The following Optional Payment Plan rules apply: . Our consent must be obtained if any Payee is not a natural person. . Death proceeds must conform to the rules in the Death Provisions section. . If you change a Beneficiary, your plan selection will no longer be in effect unless you request that it continue. . We must receive written notice in our Home Office of any choice or change of plan. . The amount of each payment must be at least $100. . Fixed Income Payments will begin on the Annuity Commencement Date or on a date selected by the designated beneficiary. . Variable Income Payments will begin within seven days after the date payments would begin under the corresponding fixed option. Fixed Income Options Optional Payment Plans 1 and 2 are available as fixed income options. Any amount left with us under a fixed income option will be transferred to our General Account. Payments made will equal or exceed those required by the state where this Contract is delivered. Optional Payment Plans 1 and 2 are available as variable income options. This means that Income Payments after the first will reflect the investment experience of the Subaccounts. No minimum amount is guaranteed.
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Optional Payment Plans. X A copy of the application and any riders and endorsements follow page xx.
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Optional Payment Plans. We will make payments that do not depend on the sex of the annuitant. New monthly payment rates for the Life Income plan or the Joint Life and Survivor Income plan are contained in this endorsement.
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Optional Payment Plans. A copy of the application and any riders and endorsements follow page 24. DEFINITIONS ACCOUNT VALUE - The total amount under the Policy in each Investment Subdivision and our General Account. AGE - An Insured's age on his or her birthday nearest the Policy Date or a policy anniversary.
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Related to Optional Payment Plans

  • Optional Payments Subject to Section 3.04, the Company may, at any time or from time to time, upon at least three Business Day’s written notice to the Administrative Agent, ratably prepay Loans in whole or in part, in amounts of $5,000,000 or any multiple of $1,000,000 in excess thereof. Such notice of prepayment shall specify the date and amount of such prepayment and whether such prepayment is of Base Rate Loans, or Offshore Rate Loans, or any combination thereof. Such notice shall not thereafter be revocable by the Company and the Administrative Agent will promptly notify each Bank thereof and of such Bank’s Commitment Percentage of such prepayment. If such notice is given by the Company, the Company shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein, together with accrued interest to each such date on the amount prepaid and any amounts required pursuant to Section 3.04.

  • Payment Plans Employees covered by the Samaritan Choice medical insurance plan who have outstanding balances that are payable to Samaritan Health Services for in network, covered, and authorized (if medically necessary) services will be provided payment plan offerings upon request from the employee. The request will be made to Patient Financial Services, and may be directed through the Hospital Patient Financial Counselor. Patient Financial Services will work with employees to identify the appropriate payment arrangement based on the employee financial needs/eligibility. Within 120 days from first patient statement, employees must contact Patient Financial Services and identify themselves as a SHS SEIU member and ask for a payment plan arrangement that does not exceed six percent (6%) of their household income. Such requests will be granted using the existing SHS payment options and funding programs. To be eligible for a payment plan, employees must comply with all requirements for establishing appropriate payment options/eligibility, including the completion of a financial assistance application with supporting documentation. Employees who comply with all terms of the payment plan(s) will not be subject to collections or wage garnishment.

  • Additional Payment Terms All payments must be made in U.S. dollars and delivered to us at any one of our branch offices or to the address shown on the monthly statement. If we receive your payment before 5:00 p.m. (Mountain Standard Time) on a business day, at the address shown on the front of your monthly statement or at any of our branch offices, we will credit your payment as of the date of receipt. All other payments will be credited to your Account on the next business day following receipt. We may accept late or partial payments as well as payments marked “PAID IN FULL” or other restrictive endorsements, without losing any of our rights under this Agreement and without such payments constituting full accord and satisfaction of the debt. If you make payments using personal checks, and your financial institution refuses to pay the check and returns it to us, you agree to pay a Return Payment Fee. If your loan Account balance is less than the minimum payment amount you must pay the entire balance. You may repay all or part of what you owe at any time. However, so long as you owe any amount you must continue to make your periodic minimum payment. Your minimum monthly payment will be allocated to your account in accordance with all applicable laws and regulations. Personal Identification Number. We will issue you a Personal Identification Number (“PIN”) to be used with your Card. You agree not to write this PIN on your Card, and not to carry your PIN with you at the same time as you carry your Card. We will treat any charge made by you using your Card and PIN as having been authorized by you. If you keep your PIN with the Card, we can refuse to reissue your Card. Change of Terms. We can change the terms of this Agreement, including all fees, other charges and Annual Percentage Rate, at any time, subject to applicable laws and regulations. Events of Default. You are in default if you fail to pay the minimum payment listed on each billing statement on time, file for bankruptcy, exceed your credit limit without our permission, or default on this or any other Nusenda Federal Credit Union Card Agreement you have with us. If you are in default, we may close your Account and require a shorter amortization of your account balance, subject to applicable laws and regulations. No notice is required. We may also declare the whole balance due if you die, if you make false or misleading statements on your application, or if other creditors attach or garnish your property. If you have given us a security interest in a share Account, share draft Account, or certificate of deposit, we may use the deposit amount to pay any amount you owe us. Collection Costs. If we have to refer collection of your Account to a lawyer (who is not our salaried employee), to the extent permitted by law, you will have to pay our attorney’s fee plus court costs and any other fees.

  • Payment Plan Despite the payment terms in Annexure B, We may, but are not obliged to, enter into a specific payment plan with You if You can demonstrate a financial need. However, any payment plans: (a) will require all Accommodation Fee payments to be made in advance; and (b) must be agreed by Us and You prior to the Commencement Date.

  • Supplemental Payments Applicant shall make annual Supplemental Payments in an amount equal to, but not to exceed, the limit of the annual Supplemental Payment as set out Section 6.2 below, starting with the first complete or partial year of the Qualifying Time Period and accruing on January 1 of each year thereafter, and continuing through the third year following the end of the Tax Limitation Period.