Base Annuity Premium definition

Base Annuity Premium means the sum of the Non-Solicited Annuity Premium and the Solicited Annuity Premium. “Beneficiary” has the meaning ascribed to such term in the Group Annuity Contract.
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Base Annuity Premium is defined in the ”REFERENCE_WORKSHEET” Tab of the Workbook.
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Base Annuity Premium is defined in Section II(A) of the Procedures Manual.
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Examples of Base Annuity Premium in a sentence

  • Within three (3) Business Days following the receipt of the Lump-Sum Data, the Insurer shall deliver to the Company and to the Independent Third Party a calculation of the Non-Electing Solicited Adjusted Annuity Premium and the Non-Electing Annuity Premium, and the calculation of the Revised Base Annuity Premium, in each case calculated in accordance with Section A of the Procedures Manual.

  • Following the calculations in this Sections 2.4(c), the revised Solicited Annuity Premium, the Non-Solicited Annuity Premium (and the resulting Base Annuity Premium), and the Solicited Adjusted Annuity Premium shall replace the previous calculations of the Solicited Annuity Premium, the Non-Solicited Annuity Premium, the Solicited Adjusted Annuity Premium, as applicable.

  • The Insurer shall calculate the Solicited Annuity Premium, the Non-Solicited Annuity Premium (and the resulting Base Annuity Premium), and the Solicited Adjusted Annuity Premium in accordance with the methodologies, [ *** ] (including methodologies relating to [ *** ]), that were applied by the Insurer in calculating the original Non-Solicited Annuity Premium, the Solicited Annuity Premium, and the Solicited Adjusted Annuity Premium, as applicable.

  • The Solicited Annuity Premium, the Non-Solicited Annuity Premium, and the resulting Base Annuity Premium as of the DTFA Pricing Date, as calculated by the Insurer, initially do not give effect to any correction of Classification Errors.

  • As set forth in this Section 2.6, Insurer, Company and Plan Trustee (at the direction of Independent Fiduciary) will cooperate in good faith to produce a calculation of the Closing Date Asset Portfolio Full Market Value and the Closing Date Cash Amount, with respect to the Group Annuity Contract, prior to the Closing Date to reconcile any adjustments to the Base Annuity Premium.

  • The “Closing Annuity Premium” will be equal to (A) the Adjusted Base Annuity Premium, multiplied by (B) the Closing [ *** ] Ratio, multiplied by (C) the Closing Date Adjustment, minus (D) the Closing Benefit Start Date Adjustment, if any, minus (E) the Closing [ *** ] Discount, if any.

  • As set forth in this Section 2.5, Insurer, Company and Plan Trustee (at the direction of Independent Fiduciary) will cooperate in good faith to calculate the Closing Date Asset Portfolio Full Market Value and the Closing Date Cash Amount, with respect to each Group Annuity Contract, prior to the Closing Date to reconcile any adjustments to the Base Annuity Premium.

  • The “Dry-Run Annuity Premium” will be equal to (A) the Dry-Run Adjusted Base Annuity Premium, multiplied by (B) the Dry-Run [ *** ] Ratio, multiplied by (C) the Target Closing Date Adjustment, minus (D) the Dry-Run Benefit Start Date Adjustment, if any, minus (E) the Dry-Run [ *** ] Discount, if any.

  • The “Interim Post-Closing Annuity Premium” will be equal to (A) the Interim Post-Closing Adjusted Base Annuity Premium, multiplied by (B) the Closing [ *** ] Ratio, multiplied by (C) the Closing Date Adjustment, minus (D) the Closing Benefit Start Date Adjustment, if any, minus (E) the Closing [ *** ] Discount, if any.


More Definitions of Base Annuity Premium

Base Annuity Premium means the sum of the Non-Solicited Annuity Premium and the Solicited Annuity Premium.
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Base Annuity Premium is defined in the Spreadsheet on the Premium Calculation Tab.
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Base Annuity Premium means [ *** ].
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Related to Base Annuity Premium

  • Extra Premium means an additional amount charged by Us, as per Our Underwriting Policy, which is determined on the basis of disclosures made by You in the Proposal Form or any other information received by Us including medical examination report of the Life Insured.

  • Base Annual Salary means the annual cash compensation relating to services performed during any calendar year, whether or not paid in such calendar year or included on the Federal Income Tax Form W-2 for such calendar year, excluding bonuses, commissions, overtime, fringe benefits, stock options, relocation expenses, incentive payments, non-monetary awards, directors fees and other fees, automobile and other allowances paid to a Participant for employment services rendered (whether or not such allowances are included in the Employee’s gross income). Base Annual Salary shall be calculated before reduction for compensation voluntarily deferred or contributed by the Participant pursuant to all qualified or non-qualified plans of any Employer and shall be calculated to include amounts not otherwise included in the Participant’s gross income under Code Sections 125, 132(f), 402(e)(3), 402(h), or 403(b) pursuant to plans established by any Employer; provided, however, that all such amounts will be included in compensation only to the extent that, had there been no such plan, the amount would have been payable in cash to the Employee.

  • Projected Annual Benefit means the annual retirement benefit (adjusted to an actuarially equivalent straight life annuity if such benefit is expressed in a form other than a straight life annuity or qualified joint and survivor annuity) to which the Member would be entitled under the terms of the plan assuming:

  • retirement annuity contract means a contract or scheme approved under Chapter III of Part XIV of the Income and Corporation Taxes Act 1988;

  • Monthly Benefit means the monthly amount payable by Liberty to you if you are Disabled or Partially Disabled.

  • Annuity means a stated sum payable periodically at stated times during life or during a specified or ascertainable period of time under an obligation to make the payments in return for adequate and full consideration in money or money's worth.

  • Assigned Annual Special Tax means the Special Tax of that name described in Section D.

  • Extended benefit period means a period which:

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Retirement allowance means the retirement payments to which a member is entitled.

  • qualifying age for state pension credit means (in accordance with section 1(2)(b) and (6) of the State Pension Credit Act 2002)—