Examples of Base Fund in a sentence
The Committee may, from time to time, amend the Plan; provided, however, that the Committee may not amend, terminate or suspend the Plan so as to reduce the Base Fund payable under the Plan.
The Committee may, from time to time, amend the Plan; provided, however, that the Committee may not amend, terminate or suspend the Plan so as to reduce the Base Fund payable under the Plan, subject to any reversions permitted under Section 3.3. The Chief Executive Officer may delegate any of his duties herein.
Ten percent (10%) of the Base Fund, plus amounts reallocated pursuant to Section 6.1, shall be reserved for discretionary payments to employees.
Subject to Article IV, the amount of the Base Fund shall be calculated by adding the flat rate contribution determined in 3.1A to the marginal rate contributions determined in 3.1B.
Ten percent (10%) of the Base Fund, plus amounts reallocated pursuant to Section 6, shall be reserved for discretionary payments to employees of the Corporation.
For calculation of the death benefit: In case of Death before Life Assured attains the age of 60 yearsIn case of Death after attaining age 60 yearsPartial withdrawals made from the Base Fund Value during the period of two years before the date of death will be reduced from the Death Benefit.Partial Withdrawals made from the Base Fund Value after the Life Assured has completed 58 years of age will be reduced from the Death Benefit.
Here, the Base Sum Assured is higher than the Base Fund Value and 105% of the premiums paid.
Base Death Benefit The Fund Value for the purpose “Base Policy Benefits” will be the Fund Value built up from the Base Plan Premiums paid by the Policyholder (i.e. the Base Fund Value).
Ten percent (10%) of the Base Fund, plus amounts reallocated pursuant to Section 5.1, shall be reserved for discretionary payments to employees.
Total Fund Value means Base Fund Value plus Top-Up Fund Value Unit is a portion or a part of the Investment Fund and is represented by one undivided share in the assets underlying that Fund.