ADJUSTED CONTRACT VALUE definition
ADJUSTED CONTRACT VALUE. The Contract Value as of the Annuity Date less any applicable charges for any type of tax (or component thereof) measured by or based on the amount of Purchase Payment we receive. The applicable Annuity Table is applied to this amount to determine the initial Annuity Payment.
ADJUSTED CONTRACT VALUE. The Contract Value less any applicable Premium Tax. This amount is used to determine the death benefit during the Accumulation Phase or the initial Annuity Payment.
ADJUSTED CONTRACT VALUE. The Contract Value less any applicable Premium Tax. This amount is applied to the applicable Annuity Table to determine the initial Annuity Payment. AGE: Age last birthday unless otherwise specified.
More Definitions of ADJUSTED CONTRACT VALUE
ADJUSTED CONTRACT VALUE. The Contract Value less any applicable Premium Tax, and Contract Maintenance Charge and plus the applicable Market Value Adjustment which may be positive or negative. This amount is applied to the applicable Annuity Tables to determine Annuity Payments.
ADJUSTED CONTRACT VALUE. The Contract Value less any applicable Premium Tax.
ADJUSTED CONTRACT VALUE. The Contract Value as of the Annuity Date less any applicable Premium Tax Charge. The applicable Annuity Table is applied to this amount to determine the initial Annuity Payment. ALLOCATION OPTIONS: Those investment options available under the Contract as of any given time to which Contract Value may be allocated. Allocation Options as of the Contract Date are shown on the Contract Data pages.
ADJUSTED CONTRACT VALUE. The Contract Value, plus or minus any aggregate AG Account Market Value Adjustment.
ADJUSTED CONTRACT VALUE means the maximum estimated or fixed amount the Township has accepted in writing to pay for the Project as specified in Vendor’s Bid, whether the component prices for Work are expressed as unit fees or fixed fees, as may be adjusted by the Township-approved increases or decreases made in accordance with the terms of the Contract.
ADJUSTED CONTRACT VALUE of an Actuarial Receivable, as of the close of business on the last day of any Collection Period, means the excess of the Contract Value of such Actuarial Receivable at the close of business on such date over the Carryover Scheduled Interest Payment on such Actuarial Receivable for such Collection Period.
ADJUSTED CONTRACT VALUE. The Contract Value as of the Annuity Date, adjusted for any Market Value Adjustment, less any applicable Premium Tax Charge [, Withdrawal Charge and Credit Election Withdrawal Charge]. The applicable Annuity Table is applied to this amount to determine the initial Annuity Payment.