Examples of Floor Percentage in a sentence
The Change of Control Floor Percentage of Member for purposes of determining his Redemption Amount in the event of a Change of Control, shall be 16%.
On each subsequent Contract Anniversary prior to the earlier of the Maximum Variable Account Floor Date shown under Contract Data or Your death, We increase Variable Account Floor by an amount equal to the Accumulation Death Benefit Floor Percentage, multiplied by the prior Contract Anniversary's Variable Account Floor.
On the first Contract Anniversary, We increase Variable Account Floor by an amount equal to the Accumulation Death Benefit Floor Percentage shown under Contract Data, multiplied by Variable Account Floor as of 60 days after the Contract Date.
Notwithstanding the foregoing, if an event that would trigger an Anti-Dilution Termination Date (as defined below) occurs prior to the issuance by the Company of additional Equity Securities (as defined below) in exchange for investment in an amount equal to the Maximum Anti-Dilution Amount, then the Purchaser shall receive the balance of any Anti- Dilution Shares necessary to cause the Purchaser Percentage to equal the Floor Percentage immediately prior to the consummation of such event.
Your initial Guaranteed Withdrawal Base will be set equal to Your Withdrawal Base as of the Rider Effective Date times the Guaranteed Floor Percentage.