Adjusted Termination Value definition

Adjusted Termination Value means, for purposes of Article XXV only, the termination value determined by the Actuary in accordance with the Pension Benefits Act, subject to the following: (i) the discount rate for the calculation of the funding policy liabilities is used; (ii) the value of the vested and non-vested Ancillary Benefits are included by using the expected retirement age which maximizes the termination value; and (iii) the termination value funded ratio applied shall be 1.0; provided that if the termination value funded ratio in the most recently filed funding policy valuation is greater than 1.0, such greater termination value funded ratio shall be applied.
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Adjusted Termination Value means, for purposes of this Section 23.3, the termination value as of the Date of Application to purchase a period of service under this Section 23.2 determined by the Actuary in accordance with the Pension Benefits Act, subject to the following: (I) the discount rate for the calculation of the funding policy liabilities shall be used; (II) the value of the vested and non-vested Ancillary Benefits shall be included by using the expected retirement age which maximizes the termination value; and (III) the termination value funded ratio applied shall be 1.0, provided that if the termination value funded ratio in the most recently filed funding policy valuation is greater than 1.0, such greater termination value funded ratio shall be applied.Upon a Member’s termination of employment with the Employer or, in respect of a Member who is an MLA, upon the Member ceasing to serve as an MLA, or upon death, the Termination Value of the Member’s entitlement under this New Brunswick Public Service Pension Plan in respect of a period of service purchased under this Section 23.3 shall not be less than the cost to the Member, as determined under this Section 23.3, with Accumulated Interest, adjusted where required according to Appendix C.
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Adjusted Termination Value means the BDC’s net asset value on the Termination Date, reduced by 4.0% of such for each consecutive quarter for which the Additional Amount is paid; and the term “Additional Amount Percentage” means the Adjusted Termination Value divided by the BDC’s net asset value at the close of the most recently completed calendar quarter, but with a maximum value of one (1.00).
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Examples of Adjusted Termination Value in a sentence

  • If HHS requires issuers to offer more than one silver level standardized option, issuers will need more time to review and develop product offerings and implementation should begin for plan year 2024.

  • An Adjusted Termination Value is calculated when a member wishes to purchase service or transfer service under a reciprocal transfer agreement.

Related to Adjusted Termination Value

  • Swap Termination Value means, in respect of any one or more Swap Contracts, after taking into account the effect of any legally enforceable netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the xxxx-to-market value(s) for such Swap Contracts, as determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Swap Contracts (which may include a Lender or any Affiliate of a Lender).

  • Termination Value means, in respect of any one or more Hedging Agreements, after taking into account the effect of any legally enforceable netting agreement relating to such Hedging Agreements, (a) for any date on or after the date such Hedging Agreements have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the xxxx-to-market value(s) for such Hedging Agreements, as determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Hedging Agreements (which may include a Lender or any Affiliate of a Lender).

  • Termination Rate means a rate per annum equal to the arithmetic mean of the cost (without proof or evidence of any actual cost) to each party (as certified by such party) if it were to fund or of funding such amounts.