Annuity Payments definition

Annuity Payments. The series of payments made to the Owner or any named payee after the Annuity Date under the Annuity Option selected. ANNUITY PERIOD: The period of time beginning with the Annuity Date during which Annuity Payments are made.

Annuity Payments. The series of payments made to you or any named payee after the Income Date under the Annuity Option selected.

Annuity Payments. Annuity payments under Option 1 and 2 above do not fluctuate. The Account Value on the Annuity Date, less any applicable Tax Charges, is used to determine the annuity payments. The payment amount will be determined based on the annuity rates for the annuity option and the frequency of payment selected. The annuity rates per $1,000 of value for Monthly Annuity Payments under Options 1 and 2 above will not be less than those shown in the Annuity Tables.

Examples of Annuity Payments in a sentence

• Application will be made on the basis of either (a) the Table of Guaranteed Annuity Payments included in the Appendix of this Contract, or (b) AXA Equitable's then current individual annuity rates applicable at the time of application, whichever would provide a larger benefit with respect to the payee.

• The “Historical Net Payments” at a particular time is calculated as follows: 𝐻𝑁𝑃𝑇 = ∑ 𝑆𝑃 − ∑ 𝐿𝑃 where: HNPT = the Historical Net Payments at that time; ∑SP = the sum of the Quarterly Annuity Payments and Annual Reconciliation Payments paid by SFV to LTES Operator prior to that time; and ∑LP = the sum of Annual Reconciliation Payments (expressed as a positive number), Performance Event Rebate and Repayment Amounts paid by LTES Operator to SFV prior to that time.

• The Table of Guaranteed Annuity Payments in the Appendix shows the amount payable for a Life with 10 year certain Annuity paid monthly per $1,000.00 of the amount applied.

• The Project shall enter into commercial service on COD whereupon the Concessionaire shall be entitled to receive Annuity Payments in accordance with the provisions of this Agreement.

• Each of the quarterly installments payable hereunder shall be paid along with interest as specified in Clause 21.4.2. The 1st (first) instalment of Annuity Payments shall be due and payable within 15 (fifteen) days of end of 3 (three) months from COD and the remaining instalments shall be due and payable within 15 (fifteen) days of completion of each of the successive 3 (three) months (the “Annuity Payment Date”).

More Definitions of Annuity Payments

Annuity Payments means the periodic payments made by the third party provider to the winner of an annuity prize who does not select the single lump sum cash payment option in accordance with Section ii hereof;

Annuity Payments. Annuity payments start at least 30 days after the annuity date, provided the annuitant is alive. All annuity payments are made to you, unless you elect otherwise.

Annuity Payments. The periodic payment we make under an annuity payment option.

Annuity Payments means, with respect to each Covered Life (and, if applicable to such Covered Life, each Contingent Life), the amount of periodic and single payments determined in accordance with Provision II of this Contract, and, with respect to any Beneficiary, the amount of any periodic and single payments owed after the death of a Covered Life or, if applicable, a Contingent Life, in each case as determined in accordance with Provision II of this Contract.

Annuity Payments as used in this Agreement, shall mean (i) periodic payments made by the Ceding Company in the event that an Annuity annuitizes and (ii) the statutory reserve for an Annuity with a guaranteed withdrawal benefit that reaches zero. In the event that an Annuity annuitizes, the Reinsurer shall pay to the Ceding Company the Quota Share Percentage of each resulting Annuity Payment. In the event that the account balance of an Annuity with a guaranteed withdrawal benefit reaches zero, the Ceding Company will establish a payout annuity for the remaining benefit and the Reinsurer shall pay to the Ceding Company an amount equal to the Quota Share Percentage of the statutory reserve for that Annuity. The Reinsurer shall have no further obligation or liability with respect to any such annuitized Annuities.

Annuity Payments means the net monthly annuity payment due an an- nuitant after all authorized deductions (such as those for health benefits, Fed- eral income tax, overpayment of annu- ity, payment of a government claim, etc. have been made.

Annuity Payments means (i) in the case of a Final-Average Participant, payment of his Supplemental Benefits in the manner provided in Subsection 2.3(a), and (ii) in the case of an Account-Based Participant, payment of his Supplemental Benefits monthly for his lifetime with a guarantee of total payments equal to the Lump Sum amount of such Participant’s original Supplemental Benefit.