Supplementary Contract. Once proceeds become payable and an income option has been selected, we will issue a supplementary contract to reflect the terms of the selected option. The contract will name the Payee(s) and will describe the payment schedule.
Supplementary Contract. When We receive Notice requesting a Settlement Option, We issue a Supplementary Contract in exchange for this Contract, stating the terms under which We make payments. The Supplementary Contract states to whom We pay any remaining Proceeds if the Payee dies. Once a Supplementary Contract is in effect the method of pay-out cannot be changed and the contract cannot be commuted or assigned. If any Owner of the Supplementary Contract dies before payments are complete, We pay any remaining balance at least as rapidly as under the method of payment in effect on the Owner’s date of death; provided however, that if the Owner is not an individual, then the Annuitant is deemed the Owner for purposes of this requirement. 1 N/A 11 8.42 2 N/A 12 7.80 3 N/A 13 7.26 4 N/A 14 6.81 5 17.49 15 6.42 6 14.72 16 6.07 7 12.74 17 5.77 8 11.25 18 5.50 9 10.10 19 5.26 10 9.18 20 5.04 * Monthly installments shown are for each $1,000 of net Proceeds applied at 2% Interest, which is subject to change as described on Page 17, Interest On Settlement Options. 15 $ 2.28 $ 2.21 $ 2.28 $ 2.21 $ 2.28 $ 2.21 65 $ 5.14 $ 4.65 $ 4.96 $ 4.55 $ 4.39 $ 4.21 16 $ 2.30 $ 2.23 $ 2.30 $ 2.23 $ 2.30 $ 2.23 66 $ 5.32 $ 4.79 $ 5.10 $ 4.68 $ 4.45 $ 4.29 17 $ 2.32 $ 2.24 $ 2.32 $ 2.24 $ 2.31 $ 2.24 67 $ 5.50 $ 4.95 $ 5.25 $ 4.82 $ 4.51 $ 4.36 18 $ 2.34 $ 2.26 $ 2.34 $ 2.26 $ 2.33 $ 2.26 68 $ 5.70 $ 5.11 $ 5.40 $ 4.96 $ 4.57 $ 4.43 19 $ 2.36 $ 2.28 $ 2.35 $ 2.28 $ 2.35 $ 2.27 69 $ 5.91 $ 5.29 $ 5.56 $ 5.11 $ 4.63 $ 4.50 20 $ 2.37 $ 2.29 $ 2.37 $ 2.29 $ 2.37 $ 2.29 70 $ 6.13 $ 5.48 $ 5.72 $ 5.27 $ 4.68 $ 4.57 21 $ 2.39 $ 2.31 $ 2.39 $ 2.31 $ 2.39 $ 2.31 71 $ 6.37 $ 5.69 $ 5.89 $ 5.44 $ 4.73 $ 4.63 22 $ 2.41 $ 2.33 $ 2.41 $ 2.33 $ 2.41 $ 2.33 72 $ 6.62 $ 5.91 $ 6.06 $ 5.61 $ 4.78 $ 4.69 23 $ 2.44 $ 2.35 $ 2.43 $ 2.35 $ 2.43 $ 2.34 73 $ 6.89 $ 6.16 $ 6.24 $ 5.80 $ 4.82 $ 4.74 24 $ 2.46 $ 2.37 $ 2.46 $ 2.37 $ 2.45 $ 2.36 74 $ 7.18 $ 6.42 $ 6.41 $ 5.98 $ 4.85 $ 4.79 25 $ 2.48 $ 2.39 $ 2.48 $ 2.39 $ 2.47 $ 2.38 75 $ 7.49 $ 6.70 $ 6.59 $ 6.18 $ 4.89 $ 4.83 26 $ 2.50 $ 2.41 $ 2.50 $ 2.41 $ 2.50 $ 2.40 76 $ 7.82 $ 7.01 $ 6.78 $ 6.38 $ 4.91 $ 4.87 27 $ 2.53 $ 2.43 $ 2.53 $ 2.43 $ 2.52 $ 2.42 77 $ 8.17 $ 7.34 $ 6.96 $ 6.58 $ 4.94 $ 4.90 28 $ 2.56 $ 2.45 $ 2.55 $ 2.45 $ 2.55 $ 2.45 78 $ 8.55 $ 7.70 $ 7.14 $ 6.79 $ 4.96 $ 4.93 29 $ 2.58 $ 2.48 $ 2.58 $ 2.47 $ 2.57 $ 2.47 79 $ 8.96 $ 8.09 $ 7.31 $ 6.99 $ 4.98 $ 4.96 30 $ 2.61 $ 2.50 $ 2.61 $ 2.50 $ 2.60 $ 2.49 80 $ 9.39 $ 8.51 $ 7.49 $ 7.20 $ 4.99 $ 4.98 31 $ 2.64 $ 2.5...
Supplementary Contract. A. There shall be a Supplementary Employee Contract for extracurricular and special assignments which shall not exceed one (1) year and shall be in accordance with statutory provisions. The District shall also adopt a job description for each position for which a Supplementary Contract is issued.
B. The District shall advise employees in writing not later than May 15 if the individual Supplementary Employee Contract is not to be renewed for the next school year. The District shall state the reason(s) in writing to the employee for such non-renewal.
C. The District shall furnish the Association a list of all Supplementary contracts which shall include the amount of said contract.
Supplementary Contract. 7 A supplemental contract shall be renewed for the next ensuing year, unless prior to June 1, the 8 district notifies the individual contract holder and the Association in writing that the contract will 9 not be renewed. Such non-renewal notice must set forth specifically all reasons for the non- 10 renewal. No supplemental contract shall be non-renewed for any reason not set forth specifically in 11 the notice of non-renewal, or if precluded by specific contractual provisions. 13 Section 7: Release From Contract 15 Employees on extracurricular contracts will be released from said contract(s) given the meeting of 16 one of the following conditions:
Supplementary Contract. When an Annuity Option becomes effective, this Contract will be amended to include a Supplementary Contract. The Supplementary Contract will provide for the manner of settlement and rights of the Annuitant. The Supplementary Contract Effective Date will be the Annuity Date or the date of other settlement, whenever the Annuity Option becomes effective. The first payout will be payable as of the Supplementary Contract Effective Date. PAYOUT OPTIONS Annuity Payouts can be made under a Variable Annuity Payout, a Fixed Annuity Payout, or a Combination Annuity Payout, each under various Payout Period Options. Each of these options is described below. A Variable Annuity is an annuity with payouts which:
Supplementary Contract. A supplemental contract shall be renewed for the next ensuing year, unless prior to June 1, the district notifies the individual contract holder and the Association in writing that the contract will not be renewed. Such non-renewal notice must set forth specifically all reasons for the non- renewal. No supplemental contract shall be non-renewed for any reason not set forth specifically in the notice of non-renewal, or if precluded by specific contractual provisions.
