Examples of Death Valuation Date in a sentence
If a Participant dies before otherwise becoming eligible to receive Retirement Benefits, a Survivor Benefit will be paid to the Participant’s Beneficiary in a lump sum equal to such Participant’s Deferral Account as of the Death Valuation Date.
A Beneficiary shall receive the Survivor Benefit as soon as possible after the Death Valuation Date, but in no event later than the end of the calendar year of the Death Valuation Date or the 15th day of the third calendar month following the Death Valuation Date, if later.
Payment Options becoming operative by application of the surrender proceeds, death proceeds or maturity proceeds shall become operative on the Surrender Date, Death Valuation Date or Maturity Date respectively.
The DEATH BENEFIT is the ACCUMULATION VALUE or the premiums paid, minus any partial surrenders, whichever is greater, as of the Death Valuation Date.
Valuation Date shall include "Annual Valuation Date", "In-Service Valuation Date", "Termination Valuation Date", and "Death Valuation Date", and shall mean the last business day of the calendar month in which Termination of Employment (including Retirement) or Death occurs or, in the case of In Service Distributions, the last business day of the calendar month in which the In Service Date occurs.
Death Valuation Date" means the last day of the month in which a Participant's death occurs.
Death Valuation Date" means the last day of the calendar month in which a Participant's death occurs.
A Beneficiary shall receive the Survivor Benefit within ninety (90) days after the Death Valuation Date.
The proceeds payable upon the death before the Maturity Date if the Contract has not been surrendered shall be an amount equal to the greater of (a) the Single Purchase Payment, without interest, increased by the value of any existing Accumulation Units resulting from dividends and reduced by the portions of the Single Purchase Payment attributable to any partial surrenders, and (b) the contract value as of the Death Valuation Date.
As of the Death Valuation Date in case of the death of the Annuitant prior to the Maturity Date; .