Certificate Year definition

Certificate Year. The first Certificate Year is the annual period which begins on the Certificate Date. Subsequent Certificate Years begin on each Certificate Anniversary.

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Certificate Year means each one-year period (or shorter period for the first Certificate Year) ending October 1, or another one-year period selected by the City.

Certificate Year means the period starting from the certificate start date or from the latest certificate anniversary date and ending with a day prior to the next anniversary date.

Examples of Certificate Year in a sentence

• Systematic Partial Withdrawals and Conventional Partial Withdrawals may not be taken in the same Certificate Year.

• If premiums for this Coverage are paid other than annually, adjustments will be made in calculating guaranteed Paid-Up term insurance values for that portion of the Certificate Year for which premiums were actually paid.

• Guaranteed paid-up term insurance values for the end of any Certificate Year not shown in the table will be furnished upon written request to Our Administrative Office.

• The Certificate Schedule of Guaranteed Values shows the guaranteed values at the beginning of the Certificate Year on the assumption that premiums have been fully paid in cash for the completed years stated.

• Calculations take into account that premiums are paid annually and that death benefits are payable uniformly throughout the Certificate Year.

More Definitions of Certificate Year

Certificate Year means the one (1) year period, including the Effective Date and immediately following that date. Each succeeding Certificate Year is the one (1) year period from the Certificate Anniversary to the next Certificate Anniversary.

Certificate Year means each one-year period (or shorter period for the first Certificate Year) ending December 1, or another one-year period selected by the City.

Certificate Year means the 12-calendar month period commencing on September 2 and terminating on September 1 of the following year; provided, that the first Certificate Year shall commence on the Closing Date and terminate on September 1, 2023.

Certificate Year. For a Participant, each twelve (12) month period that begins on his or her Certificate Effective Date or on a Certificate Anniversary.

Certificate Year means any one-year period (or shorter period from the Issue Date) ending on the close of business on the day preceding the anniversary of the Issue Date; provided, however, that the Board may select any other day as the end of a Certificate Year if such selection is made prior to the earlier of the final maturity date of the Series 2016A Certificates or the fifth anniversary of the Issue Date.

Certificate Year means each twelve-month period beginning on June 1 in each year and extending to the next succeeding May 31, both dates inclusive, except that the first Certificate Year shall begin on the Delivery Date and end on [May 31, 2021].

Certificate Year twelve (12) month period as listed on the declarations page of the agreement issued to the plan sponsor.