CONTRACT ANNIVERSARY definition

CONTRACT ANNIVERSARY. The anniversary of the Contract Date.
CONTRACT ANNIVERSARY. The same day and month as the Contract Date in each later year.
CONTRACT ANNIVERSARY means the first day of each Contract Year. Each Contract Anniversary after the First Contract Anniversary shall be the same day of the same month as the day and month which is stated on the face page of this contract for the First Contract Anniversary.

Examples of CONTRACT ANNIVERSARY in a sentence

  • For multi-year contracts, the Performance Bond may be resubmitted each year on the Contract Anniversary Date for the amount remaining on the contract.

  • If application is not made within the initial 31 days, your spouse’s coverage will become effective on the Contract Anniversary following the Employer’s next Open Enrollment Period.

  • If you notify the Carrier after that 31-day period, the Dependent child’s coverage will become effective on the Contract Anniversary following the Employer’s next Open Enrollment Period.

  • If the Carrier is notified after that 31-day period, the newborn child’s coverage will become effective on the Contract Anniversary following the Employer’s next Open Enrollment Period.

  • If you notify the Carrier after that 31-day period, the child’s coverage will become effective on the Contract Anniversary following the Employer’s next Open Enrollment Period.


More Definitions of CONTRACT ANNIVERSARY

CONTRACT ANNIVERSARY. A Contract Anniversary is a 12-month anniversary of the Contract Date.
CONTRACT ANNIVERSARY means the same day and month of each year as the Contract Date following the Contract Date. If the day does not exist in a month, the last day of the month will be used.
CONTRACT ANNIVERSARY. The same day and month in each Contract Year as the Contract Date. Contract Years and Months are measured from the Contract Date shown in the Contract Schedule.
CONTRACT ANNIVERSARY. An anniversary of the Contract Issue Date. CONTRACT ISSUE DATE - The date as of which an Account is established for You by Us. The Contract Issue Date is shown on Page 3. CONTRACT OWNER(S) - The owner(s) or holder of the contract.
CONTRACT ANNIVERSARY means the same day and month as the Contract Date in each succeeding calendar year.
CONTRACT ANNIVERSARY. An anniversary of the Issue Date of this Contract. CONTRACT YEAR -- A one-year period starting on the Issue Date and on each Contract Anniversary thereafter. FIXED ANNUITY PAYMENTS -- A series of payments made by us during the Annuity Period which we guarantee as to dollar amount. Fixed Annuity payments are made out of our General Account. GENERAL ACCOUNT -- All of our assets other than those in any segregated asset account. INVESTMENT OPTIONS -- The investment choices within the Separate Account available under the Contract. ISSUE DATE -- The date this Contract was issued. The Issue Date is shown on the Contract Schedule. JOINT OWNER -- If there is more than one Owner, each Owner shall be a Joint Owner of the Contract. NOTICE -- Any form of communication providing information we need, either in signed writing or another manner that we approve in advance. All Notices to us must be sent to our Annuity Service Office and received in good order. To be effective for a Business Day, a Notice must be received in good order prior to the end of that Business Day. OWNER -- The person(s) or entity(ies) entitled to the ownership rights under this Contract. If Joint Owners are named, all references to Owner shall mean Joint Owners. (Referred to as "you or yours.") PURCHASE PAYMENT -- Any amount paid to us under this Contract as consideration for the benefits it provides, less any Premium and Other Taxes deducted upon receipt of a Purchase Payment. SEPARATE ACCOUNT -- A segregated asset account of the Company designated on the Contract Schedule. SUBACCOUNT -- Separate Account assets are divided into Subaccounts. Assets of each Subaccount will be invested in shares of an Investment Option. VARIABLE ANNUITY PAYMENTS -- A series of payments made by us during the Annuity Period which vary in amount with the investment experience of each applicable Subaccount. WITHDRAWAL VALUE -- The Account Value less any applicable withdrawal charge, less any Premium and Other Taxes, and less any Account Fee.
CONTRACT ANNIVERSARY. The annual anniversary of the Contract beginning twelve months from the Contract Date and each year thereafter. CONTRACT DATE The date of issue of this Contract as designated on the Specifications Page. CONTRACT VALUE The total of your Investment Account Values. CONTRACT YEAR The period of time measured twelve consecutive months from the Contract Date or any Contract Anniversary thereafter. CONTINGENT BENEFICIARY The person, persons or entity who becomes the Beneficiary if the Beneficiary is not alive. ENDORSEMENT An Endorsement modifies the contract to which it is attached. Endorsements must be signed by an officer of the Company in order to be effective. FIXED ANNUITY An Annuity Option with payments which are predetermined and guaranteed as to dollar amount. GENERAL ACCOUNT All the assets of the Company other than assets in Separate Accounts.