ANNUAL CONTRACT MAINTENANCE definition

ANNUAL CONTRACT MAINTENANCE. FEE: SEPARATE ACCOUNT: $35.00 [Variable Separate Account] BENEFICIARY: As named by You. DEATH BENEFIT OPTION: Option I: Purchase Payment Accumulation PAYMENT ENHANCEMENT SCHEDULE FOR INITIAL PURCHASE PAYMENT PAYMENT ENHANCEMENT DATE PAYMENT ENHANCEMENT ------------------------------------- ------------------- INITIAL PAYMENT ENHANCEMENT: March 1, 2004 $200.00 DEFERRED PAYMENT ENHANCEMENT(S): [March 1, 2013] [$200.00*] *May be reduced by certain withdrawals of Contract Value. Please see Payment Enhancement Provisions. FOR INQUIRIES CALL 1-800-445-SUN2
Sample 1
ANNUAL CONTRACT MAINTENANCE. CHARGE: Currently $35.00 each Contract Year is deducted on the last day of the Contract Year and may be increased but it will not exceed $60 per Contract year. In the event of an increase, the Company will give the Contract Owner 90 days prior notice of the increase. The Annual Contract Maintenance Charge will be deducted from the Sub-Accounts in the same proportion that the amount of the Contract Value in each Sub-Account bears to the total Contract Value. If a total withdrawal is made on other than the last day of the Contract Year, the full Annual Contract Maintenance Charge will be deducted at the time of total withdrawal. If the Annuity Date is not the last day of the Contract Year, then a pro-rata portion of the Annual Contract Maintenance Charge will be deducted on the Annuity Date. During the Annuity Period, the Annual Contract Maintenance Charge will be deducted pro-rata from Annuity Payments and will result in a reduction of each Annuity Payment.
Sample 1
ANNUAL CONTRACT MAINTENANCE. CHARGE: $30.00 each Contract Year before the Annuity Date, if the Contract Value is less than $50,000.00. After the Annuity Date, the Annual Contract Maintenance Charge will be collected on a monthly basis.
Sample 1

Examples of ANNUAL CONTRACT MAINTENANCE in a sentence

  • ANNUAL CONTRACT MAINTENANCE FEE: $0 IF THE CONTRACT VALUE IS $50,000 OR MORE ON THE CONTRACT ANNIVERSARY.

  • THE FOLLOWING SECTION SUMMARIZES THE PREFERRED REMEDIAL ALTERNATIVES FOR OPERABLE UNIT 01 AT THE ROEBLING STEEL COMPANY SITE.

  • ANNUAL CONTRACT MAINTENANCE CHARGE The Company deducts an Annual Contract Maintenance Charge to reimburse it for its administrative expenses from the Contract Value for the amount, and during the period, shown on the Contract Data Page.

  • POLICY DATA (CONTINUED) -------------------------------------------------------------------------------- CHARGES AND DEDUCTIONS: ANNUAL CONTRACT MAINTENANCE CHARGE: $25 deducted per Policy Year.

  • TABLE OF CONTENTS CONTRACT SCHEDULE 4 DEFINITIONS 5 PURCHASE PAYMENT PROVISIONS 8 PURCHASE PAYMENTS 8 SUBSEQUENT PURCHASE PAYMENTS 8 ALLOCATION OF PURCHASE PAYMENTS 8 SEPARATE ACCOUNT PROVISIONS 8 THE SEPARATE ACCOUNT 8 VALUATION OF ASSETS 9 ACCUMULATION UNITS 9 ACCUMULATION UNIT VALUE 9 MORTALITY AND EXPENSE RISK CHARGE 10 ADMINISTRATIVE CHARGE 10 MORTALITY AND EXPENSE GUARANTEE 10 ANNUAL CONTRACT MAINTENANCE CHARGE.

  • ANNUAL CONTRACT MAINTENANCE FEE - An amount which is deducted from the Account Value at the end of the Contract Year or on the date of full surrender, if earlier.

  • DEDUCTION FOR ANNUAL CONTRACT MAINTENANCE CHARGE: The Company deducts an Annual Contract Maintenance Charge from the Contract Value by canceling Accumulation Units from each applicable Subaccount to reimburse it for expenses relating to maintenance of this Contract.

  • ANNUAL MAINTENANCE FEE THE ANNUAL CONTRACT MAINTENANCE FEE IS $0 Form HL-12142 Printed in U.S.A.

  • DEDUCTION FOR ANNUAL CONTRACT MAINTENANCE CHARGE - This charge is deducted from the General Account Value and the Separate Account Value by subtracting values from the General Account Value and/or canceling Accumulation Units from each applicable Subaccount in the ratio that the value of each account bears to the total Contract Value.

  • MOVED Cr Wood, SECONDED Cr Lynn that Council accepts Tender number 083-93/94 from Brian Gardner for the supply and delivery of six (6) Holden Nova SLX hatchbacks for the changeover price of $22,418.00.CARRIED I10607 ANNUAL CONTRACT: MAINTENANCE OF AIR CONDITIONING UNITS AT VARIOUS COUNCIL BUILDINGS - [208-39/94/95] CITY BUILDING SURVEYOR'S REPORT I10607 The City Engineer provides details of tenders received for the Annual Contract for the maintenance of air conditioning units at various Council buildings.


More Definitions of ANNUAL CONTRACT MAINTENANCE

ANNUAL CONTRACT MAINTENANCE. CHARGE: $30.00 each Contract Year. After the Annuity Date, the Annual Contract Maintenance Charge will be collected on a monthly basis. MORTALITY AND EXPENSE RISK CHARGE: Equal on an annual basis to 1.25% of the average daily net asset value of the Separate Account.
Sample 1
ANNUAL CONTRACT MAINTENANCE. FEE: Current: [$35.00]. Maximum: $50.00. TRANSFER FEE: Current: [$25.00]. Maximum: $25.00. Waived for systematic transfers (i.e. DCA) and for the first 15 transfers in any Contract Year. [ OPTIONAL ELECTIONS: OPTIONAL ELECTION DETAILS: Maximum Anniversary Value See attached Endorsement FSE-6191-2] WITHDRAWAL CHARGE SCHEDULE: Number of Full Years Elapsed From the Date Any Purchase Withdrawal Charge as a Payment is Allocated to the Percentage of Withdrawn Contract to the Date of Withdrawal Purchase Payment ---------------------------------- ----------------------- 0 7% 1 6% 2 6% 3 5% 4+ 0% FOR INQUIRIES CALL 0-000-000-0000 FS-973-1 (6/07) 3
Sample 1
ANNUAL CONTRACT MAINTENANCE. FEE: EXPENSE RISK CHARGE: $35.00 [0.90%]
Sample 1

Related to ANNUAL CONTRACT MAINTENANCE

  • Planned Maintenance means any Maintenance BT has planned to do in advance.

  • Routine maintenance means activities to keep an impervious surface as near as possible to its constructed condition. This includes ordinary maintenance activities, resurfacing paved areas, and exterior building changes or improvements which do not materially increase or concentrate stormwater runoff, or cause additional nonpoint source pollution.

  • Maintenance Schedule means a document which describes the specific scheduled maintenance tasks and their frequency of completion necessary for the safe operation of those aircraft to which it applies;

  • Scheduled Maintenance means any adjustment, repair, removal, disassembly, cleaning, or replacement of components or systems required by the manufacturer which is performed on a periodic basis to prevent part failure or equipment or engine malfunction, or anticipated as necessary to correct an overt indication of malfunction or failure for which periodic maintenance is not appropriate.

  • Operation and Maintenance Costs means the costs of:

  • Deferred Maintenance means improvements necessary for continued operations which do not improve productivity or alter the process technology.

  • Software Maintenance means the process of modifying software after delivery to correct faults, improve performance or other attributes, or adapt to a changed environment. (Reference ISO/IEC 14764:2006, as amended or superseded.) Software maintenance does not include any customization or configuration.

  • Construction Phase Services means the coordination, implementation and execution of the Work required by this Agreement, which are further defined in Article 8.

  • Operation and Maintenance or “O&M” shall mean all activities required to operate, maintain, and monitor the effectiveness of the RA as specified in the SOW or any EPA-approved O&M Plan.

  • Maintenance and Support Services means the services provided by Contractor under Appendix F.

  • maintenance order , in relation to a court, means an order made by a court —

  • Operations and maintenance means a project delivery method in which the District enters into a single contract for the routine operation, routine repair, and routine maintenance of an infrastructure facility.

  • Operation and Maintenance Expenses or ‘O&M expenses' means the expenditure incurred on operation and maintenance of the project, or part thereof, and includes the expenditure on manpower, repairs, spares, consumables, insurance and overheads;

  • Major maintenance means the adjustment, repair or replacement of a component or module that could affect the accuracy of a measurement.

  • Maintenance Costs means parts and materials, sublet and labour costs of a qualified licensed mechanic for the maintenance of the Revenue Service Vehicles, but shall not include costs associated with interior and exterior transit advertising signs and non-mechanical servicing of Revenue Service Vehicles such as fuelling, clearing fareboxes, cleaning and painting wheel rims, vehicle washing and other work performed by a serviceman; and,

  • Generator Maintenance Outage means the scheduled removal from service, in whole or in part, of a generating unit in order to perform necessary repairs on specific components of the facility, if removal of the facility meets the guidelines specified in the PJM Manuals.

  • Period of Maintenance means the specified period of maintenance from the date of completion of the works, as certified by the Engineer.

  • Corrective Maintenance means the maintenance which is required when an item has failed or worn out, to bring it back to working order, which may also include those services necessary to partially restore, renew or strengthen an existing Department facility or system, following damage caused by use or normal wear and tear.

  • Maintenance Term means, initially, the Maintenance Term identified in the Order. Upon expiration of the initial Maintenance Term, the Maintenance Term shall automatically renew for additional one (1) year periods unless terminated earlier by either party, at its option, by written notice at least sixty (60) days prior to the end of the then-current Maintenance Term. The Maintenance Term shall immediately terminate upon the termination, expiration, or cancellation of this Agreement for any reason.

  • Support and Maintenance Services means the support and maintenance services described in Section 1 of these Support Terms.

  • Preventive Maintenance means that maintenance, performed on a scheduled basis by the Contractor, which is designed to keep the Equipment in proper operating condition.

  • Maintenance work means the repair of existing facilities when the size, type or extent of such facilities is not thereby changed or increased. While “maintenance” includes painting and decorating and is covered under the law, it does not include work such as routine landscape maintenance or janitorial services.