Guaranteed Term. The period of time for which AG Account Guaranteed Rates are guaranteed on Net Purchase Payments, Transfers and Reinvestments made into a current Deposit Period for the AG Account. Such period begins on the day following the close of the Deposit Period and ends on the designated Maturity Date. Guaranteed Terms are offered at Aetna's discretion for various lengths of time ranging up to and including ten years. During a Deposit Period, Aetna may make available any number of Guaranteed Terms. The Certificate Holder may allocate Net Purchase Payments and Transfers into any or all of the available Guaranteed Terms.
Guaranteed Term. The period of time for which GA Account Guaranteed Interest Rates are guaranteed on Net Contributions, Fund Transfers and Reinvestments made into a current Deposit Period for the GA Account. Such period begins on the day following the close of the Deposit Period and ends on the designated Maturity Date. Guaranteed Terms are offered at Aetna's discretion for various lengths of time ranging up to and including ten years and are classified as follows: Short-term. Three (3) or fewer years. Amounts allocated to a short-term Term are held in the General Account. Long-term. More than three (3) years, but not more than ten (10). Amounts allocated to a long-term Term are held in the Nonunitized Separate Account. During a Deposit Period, Aetna may make available any number of Guaranteed Terms. The Participant may allocate Net Contributions and Fund Transfers into any or all of the available Guaranteed Terms.
Guaranteed Term. The period of time specified by Aetna for which a specific Guaranteed Rate(s) is offered on amounts invested during a specific Deposit Period. Guaranteed Terms are made available subject to Aetna's terms and conditions, including, but not limited to, Aetna's right to restrict allocations to new Net Purchase Payments (such as by prohibiting Transfers into a particular Guaranteed Term from any other Guaranteed Term or from any of the Funds, or by prohibiting Reinvestment of a Matured Term Value to a particular Guaranteed Term. More than one Guaranteed Term of the same duration may be offered during a Deposit Period.
Examples of Guaranteed Term in a sentence
If no shorter Guaranteed Term is available, the next longer Guaranteed Term will be used.
Within a Guaranteed Term Group, the amount to be surrendered or transferred will be withdrawn first from the oldest Deposit Period, then from the next oldest, and so on until the amount requested is satisfied.
If a Guaranteed Term of the same duration is unavailable, each Matured Term Value will automatically be reinvested in the current Deposit Period for the next shortest Guaranteed Term available.
This notice will state the Guaranteed Term and Guaranteed Rate(s) which will apply to the reinvested Matured Term Value.
If no specific direction is given by the Certificate Holder prior to the Maturity Date, each Matured Term Value will be reinvested in the current Deposit Period for a Guaranteed Term of the same duration.
More Definitions of Guaranteed Term
Guaranteed Term. The period of time for which MG Account Guaranteed Rates are guaranteed on Net Purchase Payments. Transfers and Reinvestments made into a current Deposit Period for the MG Account. Such period begins on the day following the close of the Deposit Period and ends on the designated Maturity Date. Guaranteed Terms are offered at Aetna's discretion for various lengths of time ranging up to and including ten years. During a Deposit Period, Aetna may make available any number of Guaranteed Terms. The Contract Holder may allocate the Net Purchase Payment and Transfers into any or all of the available Guaranteed Terms.
Guaranteed Term. (S) GROUPS: All Fixed Account Guaranteed Term(s) of the same duration (from the close of the Deposit Period until the designated Maturity Date).
Guaranteed Term. (Term): The period of time for which GA Account Guaranteed Rates are guaranteed on Net Contributions, Transfers and Reinvestments made into a current Deposit Period for the GA Account. Such period begins on the day following the close of the Deposit Period and ends on the designated Maturity Date. Guaranteed Terms are offered at Aetna's discretion for various lengths of time ranging up to and including ten years and are classified as follows:
Guaranteed Term. (s) Groups: All AG Account Guaranteed Term(s) with the same length of time from the close of the Deposit Period until the designated Maturity Date.
Guaranteed Term. (s) Groups: All AG Account Guaranteed Term(s) of the same duration (from the close of the Deposit Period until the designated Maturity Date).
Guaranteed Term means that period of time commencing on the Effective Date and concluding on the date of consummation of the confirmation of any plan of reorganization or the effective date of a Termination Notice voluntarily submitted by Executive to the Company, whichever is earlier. The Guaranteed Term shall not be shortened by termination of the Executive's employment by the Company or by Death, Disability or any other reason."
Guaranteed Term in Section 1(f) is hereby amended in its entirety to read as follows: