Adjusted Account Balance definition

Adjusted Account Balance means the balance of each Participant’s account included in the Fund on the immediately preceding Valuation Date decreased by:

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Adjusted Account Balance of a Qualified Participant means the sum of all prior distributions of Stock made pursuant to this Section in the current Plan Year or prior Plan Years and the Stock in the person's Stock Account as of the last day of the Plan Year preceding the applicable Qualified Election Period.

Adjusted Account Balance on the "Annuity Calculation Date" is applied to the applicable Fixed and/or Variable Annuity Tables for the Annuity Option chosen to determine your first Income Payment. The Adjusted Account Balance is determined on the Annuity Calculation Date, which is a Business Day no more than [ten] Business PPS (07/01) [10] -------------------------------------------------------------------------------- Days prior to the Annuity Date. The Adjusted Account Balance is the Account Balance, less any Premium and Other Taxes and less any applicable charges and fees as described in the Contract Schedule (or any Rider). The amount of the first payment for each $1,000 of Adjusted Account Balance is shown in the Annuity Tables. You may apply a portion of your Adjusted Account Balance to an Annuity Option subject to our published rules. If, as of the Annuity Calculation Date, the then current Annuity rates applicable to this class of contracts provide an Income Payment greater than the one guaranteed under this Contract for the same Annuity Option, then the greater payment will be made.

Examples of Adjusted Account Balance in a sentence

The difference between the Adjusted Fund Balance and the balance of the Fund as of the immediately preceding Valuation Date shall be apportioned among the respective Participant accounts in the proportion each Adjusted Account Balance bears to the aggregate of all Adjusted Account Balances.
As of each Valuation Date, the Adjusted Account Balance for each Participant account included in each Fund and each Adjusted Fund Balance shall be determined.
If you take a full withdrawal or apply any portion of your Adjusted Account Balance to an Annuity Option, a pro rata portion of the Rider charge will be assessed based on the number of days from the last Contract Anniversary to the date of withdrawal/application.
As of each Valuation Date, Trust Fund Earnings shall be allocated among all Participants in the same proportion as each Participant's Adjusted Account Balance bears to the total of all Participants' Adjusted Account Balances.
A Participant's Directed Investment Accounts shall not share in Trust Fund Earnings, and accordingly, for purposes of Section 6.4, the Adjusted Account Balance of a Participant's Directed Investment Accounts shall not be taken into consideration.
If at any time, a Participant may not be able to receive a total distribution of the entire nonforfeitable portion of his Adjusted Account Balance, such Participant would receive subsequent distributions derived from future waiver payments.
If at the time of a distribution, the nonforfeitable portion of a Participant's Adjusted Account Balance exceeds that Participant's actual Account balance, that Participant will receive the larger amount to the extent that there are then funds in the unallocated Waiver Suspense Account to cover the excess.

More Definitions of Adjusted Account Balance

Adjusted Account Balance means his Account balance as of the preceding Valuation Date --

Adjusted Account Balance means, with respect to each Participant, the aggregate balance of such Participant’s Accounts, as adjusted in accordance with Article 5, as of the applicable Anniversary Date or other Valuation Date.¶

Adjusted Account Balance means, with respect to a Deferred Covered Life as of any date of determination, the sum of (i) the Account Balance, plus (ii) interest accrued on such Account Balance at a rate per annum of [●]% from and including [07/01/2019] to but excluding such date of determination, using a day count fraction [the numerator of which is the actual number of days in the relevant period and the denominator of which is the actual number of days in the relevant year, truncated to five decimal places, and rounded to the nearest whole dollar].]

Adjusted Account Balance on the Annuity Calculation Date is applied to the applicable Fixed and/or Variable Annuity Tables for the Annuity Option chosen to determine your first Income Payment. The Adjusted Account Balance is determined on the Annuity Calculation Date, which is a Business Day no more than ten Business Days prior to the Annuity Date. The Adjusted Account Balance is the Account Balance, less any Premium and Other Taxes and less any applicable charges and fees as described in the Contract Schedule (or any Rider). The amount of the first payment for each $1,000 of Adjusted Account Balance is shown in the Annuity Tables. You may apply a portion of your Adjusted Account Balance to an Annuity Option subject to our published rules. If, as of the Annuity Calculation Date, the then current Annuity rates applicable to this class of contracts provide an Income Payment greater than the one guaranteed under this Contract for the same Annuity Option, then the greater payment will be made.