Examples of Bonus Rate in a sentence
The specified Target Bonus Rate may be increased from time to time by the Compensation Committee but shall not be decreased without the Executive’s written consent.
CIBC will renew a variable rate GIC into the same type of variable rate GIC, for the same term, if available, and a fixed rate GIC into the same type of fixed rate GIC (except the CIBC Special Offer GIC which will renew into a fixed rate CIBC Bonus Rate GIC issued by CIBC Trust), for the same term, if available, unless you provide CIBC with different instructions before the maturity date.
If the Minimum Bonus Rate is changed, it shall, likewise, be changed for all purposes of this Agreement.
While this Rider is in force, the Benefit Base will be increased by the amount of each Purchase Payment made on or before the GWB Purchase Payment Date, plus an amount determined by multiplying any applicable GWB Bonus Rate specified on the Contract Schedule to such Purchase Payment.
If the Bonus Rate and/or the Put Rate applicable to the Securities are or become negative, investors will have to bear the risk of loss of capital invested.