Examples of Contract Year 1 in a sentence
The values shown below are based on the following assumptions: • Initial Purchase Payment = $100,000 • Rider Effective Date = Contract Date • A subsequent Purchase Payment of $100,000 is received during Contract Year 1.
For an explanation of the values and activities at the start of and during Contract Year 1, refer to Examples #1 and #2.
Additionally, Seller may provide Notice to Buyer during Contract Year 1 or Contract Year 2 of the Delivery Term to request a one (1) time decrease to the Contract Quantity for any or all Contract Years in the Delivery Term Contract Quantity Schedule.
Contract Year (CY) – for Contract Year 1, a ten-month period commencing March 1, 2018 and ending December 31, 2018, unless otherwise specified by EOHHS.
For purposes of the table, for each Contribution, the Contract Year in which we receive that Contribution is "Contract Year 1." Withdrawal charges will be deducted from the Investment Options from which each withdrawal is made in proportion to the amount being withdrawn from each Investment Option.