Account Value definition

Account Value means the amount shown on Schedule A under the heading Account Value. The parties expressly acknowledge that the Account Value may be different than the liability that should be accrued by the Bank, under Generally Accepted Accounting Principles (“GAAP”), for the Bank’s obligation to the Executive under this Agreement. The Account Value on any date other than the end of a Plan Year shall be determined by adding the prorated increase attributable for the current Plan Year to the Account Value for the previous Plan Year.

Account Value is the entire amount we hold under this Contract for you before the Income Date. It is equal to the sum of the Variable Account Value and the Fixed Account Value.

Account Value is the sum of the policyholders' interests in the Cedent's separate accounts, as defined in the Policies, before reductions for surrender charges.

Examples of Account Value in a sentence

On each Contract Anniversary, any Fixed Account Value in the Short Duration Fixed Account Option will be automatically transferred out of the Short Duration Fixed Account Option.
See the Contract Option Provisions for details of how the Fixed Account Value and Index Account Value are determined.
The Contract Value is equal to the sum of the Fixed Account Value and the Index Account Value.
The Index Account Value is the sum of the Index Account Option values.
The Fixed Account Value is equal to (1) the value of Premium and any amounts transferred into the Fixed Account Option(s); (2) plus interest credited daily at a rate not less than the FAMIR, as shown on the Contract Data Pages, per annum; (3) less any gross partial withdrawals, including any Withdrawal Charges on such withdrawals; (4) less any amounts transferred out of the Fixed Account Option(s).

Account Value for any Participant Account on any given date means:

Account Value is the entire amount we hold under this Certificate for the Owner before the Income Date. It is equal to the sum of the Variable Account Value and the Fixed Account Value.

Account Value. The total value of all allocations to the Sub-accounts on any Valuation Day.

Account Value. The value of: (1) amounts allocated to the Fixed Interest Options, including interest earnings to date; less (2) any deductions from the Fixed Interest Options (e.g., withdrawals and fees); and plus (3) the current dollar value of amounts allocated to the Subaccounts of Variable Annuity Account C, which includes investment performance and fees deducted from the Subaccounts.

Account Value for a Participant Account as of a date is: (a) that account's balance in the Fixed Interest Account (FIA) on that date; plus (b) the value of that account's Accumulation Units in each Investment Account on that date.