Fixed Maturity Option definition

Fixed Maturity Option means the Investment Option that specifies a period of time during which the Rate to Maturity is guaranteed to remain the same for amounts allocated to and held for such period until its expiration.
Sample 1Sample 2Sample 3
Fixed Maturity Option. (FMO) means the Investment Option that specifies a period of time during which an interest rate is guaranteed to remain the same for amounts allocated to and held for such period until its expiration.
Sample 1Sample 2
Fixed Maturity Option will apply separately with respect to each Participant's Annuity Account Value. An Employer's request to withdraw the vested portion of the Annuity Account Value from a Participant's account is subject to Equitable's receipt of the Participant's written consent. Subject to the terms of the Plan and the restrictions on distributions stated in Section 5.01, Equitable reserves the right to terminate a Participant's participation under this Contract by paying the Annuity Account Value to the Participant. This right will be exercised only if (i) no initial Contributions have been received on the Participant's behalf within 120 days of the Participation Date under this Contract, (ii) there have been no on-going Contributions received on behalf of the Participant during the last three completed Participation Years, and the Annuity Account Value is less than [$500], or (iii) a partial withdrawal is made that would result in the Participant's Annuity Account Value falling below [$500].
Sample 1

Examples of Fixed Maturity Option in a sentence

  • For each such Fixed Maturity Option, we guarantee to credit interest at the Rate to Maturity.

  • During the 30 days following the Expiration Date, the amount in the Fixed Maturity Option (less any withdrawals or transfers made or charges deducted during such 30 day period) may be transferred into a new Fixed Maturity Option or other Investment Option.

  • Contributions or transfers into a Fixed Maturity Option will receive the Rate to Maturity applicable to the elected Fixed Maturity Option on the Transaction Date.

  • The Fixed Maturity Amount of a Fixed Maturity Option is equal to the amount allocated to that Fixed Maturity Option, plus interest at the Rate to Maturity, minus withdrawals, transfers and charges, if any, deducted from the Fixed Maturity Option and adjusted for any market value adjustment previously applied.

  • In no event may the Participant elect a Fixed Maturity Option that extends beyond the Annuity Commencement Date.

  • We will notify the Participant at least 15 days but not more than 45 days before the Expiration Date of each Fixed Maturity Option.

  • If no election is made with respect to amounts in a Fixed Maturity Option as of the Expiration Date, such amounts will be transferred into a Fixed Maturity Option with the earliest available Expiration Date that occurs after the then current calendar year.

  • The duration of each Fixed Maturity Option offered under the Participant's account under this Contract and the Rate to Maturity, which applies to each Fixed Maturity Option, will be furnished by us upon request.

  • The Fixed Maturity Option duration(s) and the Rate to Maturity for each Fixed Maturity Option elected by the Participant upon issuance of the Participant's Certificate will be shown in the Certificate.

  • The percentage is determined by dividing (i) the amount of the withdrawal or transfer from the Fixed Maturity Option by (ii) the Fixed Maturity Amount in such Fixed Maturity Option prior to the withdrawal or transfer.

Related to Fixed Maturity Option

  • Scheduled Maturity Date means the date specified in the Adoption Annex.

  • Accelerated Maturity Date means if the Company elects to accelerate the Maturity Date in accordance with Section 2.2(c), the date selected by the Company which is prior to the Scheduled Maturity Date, but is after March 31, 2002.

  • Postponed Maturity Date means the tenth Business Day following the originally scheduled Maturity Date;

  • Stated Maturity Date has the meaning specified in Section 2.1 hereof.

  • Designated Maturity means, in relation to Screen Rate Determination, the period of time designated in the Reference Rate.

  • Extended Maturity Date has the meaning specified in Section 2.17(a).

  • Expected Maturity Date means June 15, 2021.

  • Second Extended Maturity Date has the meaning set forth in Section 2.10.

  • Early Maturity Date means the date notified to the Investor as such in the Early Maturity Notice;

  • Final Scheduled Maturity Date The Final Scheduled Maturity Date for each Class of Certificates is May 25, 2034, which corresponds to the "latest possible maturity date" for purposes of Section 860G(a)(1) of the Internal Revenue Code of 1986, as amended. Fitch: Fitch Ratings, or its successor in interest.

  • L/C Maturity Date means the date that is five Business Days prior to the Revolving Credit Maturity Date.

  • Stated Maturity means, when used with respect to any Security or any installment of principal thereof or interest thereon, the date specified in such Security as the fixed date on which the principal of such Security or such installment of principal or interest is due and payable.

  • Loan Maturity Date means the date on which the entire unpaid balance of the Loan, including principal and interest, is due and payable.

  • Latest Maturity Date means, at any date of determination, the latest maturity or expiration date applicable to any Loan or Commitment hereunder at such time, including the latest maturity or expiration date of any Other Term Loan, any Other Term Commitment, any Other Revolving Loan or any Other Revolving Commitment, in each case as extended in accordance with this Agreement from time to time.

  • Maximum Maturity means an obligation that has a remaining maturity of not greater than the period specified in the Standard (or if no such period is specified, thirty years);

  • Equipment Maturity Date is defined in Section 2.1.1.

  • Legal Maturity Date means July 15, 2024.

  • Tranche B Maturity Date means May 8, 2009, or, if such day is not a Business Day, the next preceding Business Day.

  • Term Maturity Date means (a) in the case of the Initial Term Loans, February 4, 2028 and (b) in the case of any Incremental Term Facility or any Other Term Loan, the date set forth in the applicable documentation in respect thereof.

  • Applicable Maturity Date has the meaning assigned to such term in Section 2.25(a).

  • Applicable Maturity means: (a) in relation to Screen Rate Determination, the period of time designated in the Reference Rate, and (b) in relation to ISDA Determination, the Designated Maturity.

  • Facility Maturity Date means the earliest of (a) the Business Day designated by the Borrower to the Lender pursuant to Section 2.16(b) to terminate this Agreement, (b) the Stated Maturity or (c) the date on which the Facility Maturity Date is declared (or is deemed to have occurred automatically) pursuant to Section 7.01.

  • First Extended Maturity Date has the meaning specified in Section 2.15(a).

  • Original Stated Maturity has the meaning specified in Section 308.

  • Term B Maturity Date means May 17, 2030.

  • Term Loan Maturity Date means April 1, 2026.