Annual contract definition
Annual contract means the annual contract from time to time for the Group prepared and approved in accordance with schedule 11;
Annual contract means a contract between a probationary teacher, assistant principal, principal, or supervisor and the local school board that sets forth the terms and conditions of employment for one school year.
Annual contract. FEE To compensate us for assuming administration expenses, we charge an Annual Contract Fee as set forth on the Specifications Pages. Prior to the Annuity Commencement Date, the Annual Contract Fee is deducted on each Contract Anniversary. We withdraw the Annual Contract Fee from each Investment Option in the same proportion that the value of the Investment Accounts of each Investment Option bears to the Contract Value. If the Contract Value is totally withdrawn on any date other than the Contract Anniversary, we will deduct the total amount of the Annual Contract Fee from the amount paid. After the Annuity Commencement Date, we deduct the Annual Contract Fee on a pro rata basis from each Annuity Payment. TAXES We reserve the right to charge certain taxes against your Payments (either at the time of payment or liquidation due to withdrawals, annuitization or death benefit), or against the Contract Value, Death Benefit proceeds, or Annuity Payments, as appropriate. Such taxes may include premium taxes or other taxes levied by any government entity which we, in our sole discretion, determine have resulted from the establishment or maintenance of the Variable Account, or from the receipt by us of Payments, or from the issuance of this Contract, or from the commencement or continuance of Annuity Payments under this Contract. RIDER FEE(S) We charge an additional fee to compensate us for the additional benefits provided by any optional benefit riders elected by you. The Rider Fee for each rider you elect is shown on the Specifications Pages or in the Rider. Rider Fees are deducted as described in the applicable benefit Rider issued by us.
Examples of Annual contract in a sentence
Annual contract Faculty shall be made aware of the time and day during which such evaluations will occur.
Annual contract employees may be granted enhanced personal leave for professional improvement in the field of education.
Annual contract teachers who receive an evaluation rating of Effective or Highly Effective based on the portion of the evaluation available at the time of contract renewal shall be provided an instructional position provided that a funded position for which they are certified exists at the school/department where they are currently employed.
The Contractor shall ensure that such a Bond remain in force throughout the Contract period and the value of the Bond shall be increased at each review date in line with the factor of increase of the Annual contract price as set out in Clause 4 of these Conditions.
Performance bond On the execution of the Contract, the Contractor may be requested at his own expense to provide a Bond from the bank or insurance company approved by the Authority for a sum equal to 10% of the Annual contract price to guarantee the due performance of his obligations under the Contract and for the payment by the Contractor to the Authority of all sums due hereunder.
More Definitions of Annual contract
Annual contract means an employment contract for a period of no longer than 1 school year which the district school board may choose to award or not award without cause.
Annual contract means an employment contract for no longer than one (1) school year which the district school board may choose to award or not award without cause). I realize this decision is irrevocable unless a court of competent jurisdiction or as a result of state or federal legislature declares this agreement or legislation illegal and thus permits individuals to revert back to their previous status if they desire by notification to the district. Instructional Employee’s signature Date Instructional Employee’s Printed Name NOTARY PUBLIC State of Florida, County of ▇▇▇▇▇▇ The foregoing instrument as acknowledged to and before me this day of , 20 , by
Annual contract. FEE To compensate us for assuming certain administrative expenses, we charge an Annual Contract Fee as set forth on the Specifications Page. Prior to the Annuity Commencement Date, the Annual Contract Fee is deducted on each Contract Anniversary. We withdraw the Annual Contract Fee from each Investment Option in the same proportion that the Investment Account Value of each Investment Option bears to the Contract Value. After the Annuity Commencement Date, we deduct the Annual Contract Fee on a pro rata basis from each Annuity Payment. LIFETIME INCOME BENEFIT FEE To compensate us for assuming risks associated with the Lifetime Income Benefit, we charge an annual Lifetime Income Benefit Fee. The Lifetime Income Benefit Fee is deducted on each Contract Anniversary. This fee is withdrawn from each Investment Option in the same proportion that the Investment Account Value of each Investment Option bears to the Contract Value. The amount of the fee is equal to the Lifetime Income Benefit Fee Percentage, shown in the Specifications, multiplied by the "Adjusted Benefit Base." The Adjusted Benefit Base is the Benefit Base that was available on the prior Contract Anniversary adjusted for Additional Payments applied to the Benefit Base during the Contract Year prior to the current Contract Anniversary. The Lifetime Income Benefit Fee will not be deducted during the Settlement Phase. The fee will not be deducted after the Maturity Date if an Annuity Option has commenced. The initial Lifetime Income Benefit Fee Percentage is shown in the Specifications. We reserve the right to increase the Lifetime Income Benefit Fee Percentage on the effective date of each Step-Up. In such a situation, the percentage will never exceed the Maximum Lifetime Income Benefit Fee Percentage, shown in the Specifications. TAXES We reserve the right to charge certain taxes against your Payments (either at the time of payment or liquidation), Contract Value, payment of Death Benefit, withdrawals, or Annuity Payments, as appropriate. Such taxes may include premium taxes or other taxes levied by any government entity which we, in our sole discretion, determine have resulted from the establishment or maintenance of the Variable Account, or from the receipt by us of Payments, or from the issuance of this Contract, or from the commencement or continuance of Annuity Payments under this Contract.
Annual contract means a contract between the employee and the local school board which sets forth the terms and conditions of employment for one school year.
Annual contract. During the Accumulation Period, the Annual CHARGE Contract Charge shown on the Contract Schedule page will be made once a year from the Annuity Value on each contract anniversary. This charge will be deducted from each Subaccount and the Fixed Account in proportion to the value each bears to the Annuity Value. If the Contract is Surrendered on other than a contract anniversary, the charge will also be made on the date of Surrender. The Annual Contract Charge prior to Surrender will be waived if either (1) the Annuity Value or (2) the sum of all net premiums received, minus all partial Surrenders, equals or exceeds [$25,000] as of the contract anniversary for which the charge is payable. ANNUITY VALUE At the end of any Valuation Period, the Annuity Value is equal to the sum of the Account values. PARTIAL SURRENDER Prior to the Maturity Date, a partial Surrender may be made by the Owner without full Surrender of this Contract. Unless We otherwise consent:
Annual contract means a contract by which an operator, either a natural person or a legal entity established elsewhere in the Community, outside the outermost region of production, undertakes, before the beginning of the marketing period for the product or products concerned, to purchase all or part of the production of an individual producer, a member of a producer group or a producer organisation in the outermost regions, with a view to marketing it outside the produc- tion region.
Annual contract means an employment contract for a period of no longer