Without resets Sample Clauses

Without resets. The following is an illustration of the impact when there are no automatic GLWB Resets or resets of the Death Benefit Base. It assumes the same facts as the example immediately above, except it assumes negative investment performance averaging -2.35% per year, after fees. Older Annuitant Age Younger Annuitant Age Aggregate Unit Value of Income Class Units 5% Bonus Base LWA Base LWA Minimum Class Contract Maturity Benefit Minimum Class Death Benefit 70 65 $200,000 $200,000 $200,000 $9,000 ($200,000 * 4.5%) $150,000 ($200,000 * 75%) $200,000 ($200,000 * 100%) Assume the Aggregate Unit Value of Income Class Units on the reset date at age 68 is $164,170 73 68 $164,170 $200,000 (unchanged) $200,000 (unchanged) $9,000 ($200,000 * 4.5%) (unchanged) $129,286 $172,382 Assume Annual LWA withdrawal of $9,000 at end of year at age 68 73 68 $152,581 $200,000 $200,000 $9,000 $122,085 $162,780 ($161,581 - $9,000) (unchanged) (unchanged) (unchanged) [($161,581 - $9,000) [($161,581 - $9,000) / / $161,581 * $129,286] $161,581 * $172,382] Assume the Aggregate Unit Value of Income Class Units on the reset date at age 80 is $42,197 85 80 $42,197 $200,000 (unchanged) $200,000 (unchanged) $9,000 (unchanged) ($200,000 * 4.5%) $39,411 $52,549 Assume Annual LWA withdrawal of $9,000 at end of year at age 80 85 80 $32,863 $200,000 $200,000 $9,000 $30,938 $41,252 ($41,863 - $9,000) (unchanged) (unchanged) (unchanged) [($41,863 - $9,000) / $41,863 * $39,411] [($41,863 - $9,000) / $41,863 * $52,549]
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Related to Without resets

  • Exercise or Transfer Without Registration If, at the time of the surrender of this Warrant in connection with any exercise, transfer, or exchange of this Warrant, this Warrant (or, in the case of any exercise, the Warrant Shares issuable hereunder), shall not be registered under the Securities Act of 1933, as amended (the "Securities Act") and under applicable state securities or blue sky laws, the Company may require, as a condition of allowing such exercise, transfer, or exchange, (i) that the holder or transferee of this Warrant, as the case may be, furnish to the Company a written opinion of counsel, which opinion and counsel are acceptable to the Company, to the effect that such exercise, transfer, or exchange may be made without registration under said Act and under applicable state securities or blue sky laws, (ii) that the holder or transferee execute and deliver to the Company an investment letter in form and substance acceptable to the Company and (iii) that the transferee be an "accredited investor" as defined in Rule 501(a) promulgated under the Securities Act; provided that no such opinion, letter or status as an "accredited investor" shall be required in connection with a transfer pursuant to Rule 144 under the Securities Act. The first holder of this Warrant, by taking and holding the same, represents to the Company that such holder is acquiring this Warrant for investment and not with a view to the distribution thereof.

  • Leave Without Pay An employee shall not be entitled to payment for a public holiday falling during a period of leave without pay (including sick leave and military leave without pay) unless the employee has worked during the fortnight ending on the day on which the holiday is observed.

  • OTHER LEAVE WITH OR WITHOUT PAY 17.01 In respect to applications for leave made pursuant to this Article, the employee may be required to provide satisfactory validation of the circumstances necessitating such requests.

  • Without Notice This agreement shall terminate without any requirement of notice to either party when the first of the following events occurs: 5.1.1. The parties mutually consent to termination in writing.

  • Without Pay where an employee participates in a program of training for the purpose of qualifying for a higher rank; or

  • Suspension Without Pay If Employee is suspended and/or temporarily prohibited from participating in the conduct of the Employer’s affairs by a notice served under Section 8(e)(3) or (g)(1) of the Federal Deposit Insurance Act, the Employer’s obligations under this Agreement will be suspended as of the date of service thereof, unless stayed by appropriate proceedings. If the charges in such notice are dismissed, the Employer may in its discretion: (a) pay Employee all or part of the compensation withheld while its contract obligations were suspended; and/or (b) reinstate (in whole or in part) any of its obligations which were suspended.

  • Actions Permitted without Express Authority The Custodian may in its discretion, without express authority from the applicable Fund on behalf of each applicable Portfolio: 1) Make payments to itself or others for minor expenses of handling securities or other similar items relating to its duties under this Agreement; provided that all such payments shall be accounted for to the Fund on behalf of the Portfolio; 2) Surrender securities in temporary form for securities in definitive form; 3) Endorse for collection, in the name of the Portfolio, checks, drafts and other negotiable instruments; and 4) In general, attend to all non-discretionary details in connection with the sale, exchange, substitution, purchase, transfer and other dealings with the securities and property of the Portfolio except as otherwise directed by the applicable Board.

  • Trial Without Jury If the parties fail to resolve the dispute through mediation, or if neither party elects to initiate mediation, each party shall have the right to pursue any other remedies legally available to resolve the dispute, provided, however, that the parties expressly waive any right to a jury trial in any legal proceeding under this Section.

  • Publicly Known Without Breach Such information becomes known to the general public without a breach of this Agreement or a similar confidential disclosure agreement regarding such information;

  • Other Leaves Without Pay 10.10.1 Upon recommendation of the Superintendent and approval by the Board of Trustees, leave without compensation, increment, seniority, or tenure credit may be granted for a period of one school year for the following purposes: Peace Corps, care for a member of the immediate family who is ill, long-term illness of the bargaining unit member, service in an elected public office, or professional study or research. 10.10.2 The applications for and granting of such leaves of absence shall be in writing. In addition, a bargaining unit member on such leave shall notify the District Human Resources Office by March 15 of the school year as to an intent to return to employment in the District. Failure to so notify will be considered an abandonment of position.

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