Income Period definition

Income Period means the first income period or the second income period as the case may be;
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Income Period means a financial year or shorter period of time determined by the Board.
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Income Period means the period specified in the Schedule, w.r.t. Variants 1, 2, 3 and 4, during which the Income Instalment is payable, and the period commences after the Premium Payment Term and the Deferment Period, if any, and ends at the end of the Policy Term.
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Examples of Income Period in a sentence

  • The Maximum Income Period will not be less than twelve (12) months.

  • Maximum Income Period - for total disability due to accidental injury to insured’s age sixty-five (65).** Survivor benefits: If the insured employee is eligible to receive Long-Term Disability benefits under this plan and subsequently dies, benefits shall continue to be paid to the deceased employee’s eligible survivor for a period not to exceed six (6) months.

  • If you select an Annuity Option during the Income Period, payments are made from our General Account assets.

  • The Contract, like all deferred annuity contracts, has two periods: the Accumulation Period and the Income Period.

  • If an Owner (or Joint Owner) is the Annuitant and dies during the Income Period, any remaining Income Payments (except under Option 1 or Option 3) will be as specified in the Annuity Option chosen and will continue at least as rapidly as under the method of distribution in effect at the time of the Owner’s (or Joint Owner’s) death, but in all events in accordance with applicable tax law requirements.

  • The amount of the Income Payments you receive during the Income Period from an Income Payment option will remain level for the entire Income Period, subject to the payout chosen.

  • If the Owner (or a Joint Owner), is not the Annuitant, and dies during the Income Period, any remaining guaranteed payments under the Annuity Option elected will continue at least as rapidly as under the method of distribution in effect at the time of the Owner’s (or Joint Owner’s) death, but in all events in accordance with applicable tax law requirements.

  • A series of payments made by us during the Income Period, which we guarantee as to dollar amount.

  • The Income Period occurs when you or a designated payee begin receiving regular Income Payments from your Contract.

  • Income Payments You (unless another payee is named) will receive Income Payments during the Income Period.


More Definitions of Income Period

Income Period means the period specified in the Schedule, during which the Income Instalment is payable. The Income Pe- riod commences immediately after the Policy Term.
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Income Period has the meaning given to it in the Service Agency Agreement. "Income PIK Amount" has the meaning given to it in the Service Agency Agreement.
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Income Period means the period which starts on the date of the first Income Withdrawal and continues until the termination of the Rider. Income Withdrawal means a Partial Surrender equal to the Income Withdrawal Amount. Income Withdrawal Amount means the maximum amount that can be withdrawn each Contract Year for the life of the Owner(s) and before termination of the Rider, even if the Accumulation Value is zero. Income Withdrawal Percentage means the percentage applied to the Benefit Base to determine the Income Withdrawal Amount. The Income Withdrawal Percentage is based on the attained Age of the Owner at the start of Income Withdrawals. If there are Joint Owners, or Income Withdrawals based on two lives, the Income Withdrawal Percentage is based on the younger person’s attained Age. The Income Withdrawal Percentages can be found on the Income Benefit Rider Data Page. Minimum Age for Income Withdrawals means the youngest attained Age at which the Owner can elect to start Income Withdrawals. If Income Withdrawals are based on two lives, both must meet the minimum age requirement to start Income Withdrawals under the Rider. Rider means this Income Benefit Rider, in its entirety, which is attached to the Contract.
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Income Period has the meaning given to it in the Service Agency Agreement.
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Income Period has the meaning given to it in the Holdco Common Terms Agreement;
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Related to Income Period

  • Income year means any year or accounting period beginning 1 July of one calendar year and ending 30 June of the following calendar year or any other period that the Trustees by resolution adopt;

  • Three-Year Period means, with respect to a Restatement, the three completed fiscal years immediately preceding the date that the Board, a committee of the Board, or the officer or officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare such Restatement, or, if earlier, the date on which a court, regulator or other legally authorized body directs the Company to prepare such Restatement. The “Three-Year Period” also includes any transition period (that results from a change in the Company’s fiscal year) within or immediately following the three completed fiscal years identified in the preceding sentence. However, a transition period between the last day of the Company’s previous fiscal year end and the first day of its new fiscal year that comprises a period of nine to 12 months shall be deemed a completed fiscal year.

  • Peak Period means the time between 6 a.m. and 10 p.m. (April through September) or between 7 a.m. and 11 p.m. (October through March) on all days except Saturdays and Sundays, which daily time period will be subject to change from time to time at the Company's option. This change would occur after no less than ten (10) days notice has been given to all Customers who would be affected, and to the Commission.

  • Free period means any Period other than the Prohibited Period.

  • Experience period means the most recent period of time for which experience is reported, but not for a period longer than three (3) full years. (7-1-93)

  • Compensation Period has the meaning specified in Section 2.12(c)(ii).

  • Production Period is the period that for winter cereal advances commences October 1, 2021 and terminates September 30, 2023; for advances on all other field crops, honey, hogs, goats, sheep and lambs commences April 1, 2022 and terminates September 30, 2023; and for advances on cattle, continuous flow cattle, and bison commences on April 1, 2022 and terminates on March 31, 2024.

  • Operation Period means the period commencing from COD and ending on the Transfer Date;

  • Period shall have the meaning ascribed to it in Schedule 8;

  • PEA Period means the period commencing at 9:30 a.m., Eastern time, on the fifth (5th) Business Day immediately prior to the filing of any post-effective amendment to the Registration Statement (as defined herein) or New Registration Statement (as such term is defined in the Registration Rights Agreement), and ending at 9:30 a.m., Eastern time, on the Business Day immediately following, the effective date of any post-effective amendment to the Registration Statement (as defined herein) or New Registration Statement (as such term is defined in the Registration Rights Agreement).

  • Crop year means any 12 month period which represents the planting, growing, harvesting and marketing of an insurable crop, as stated in the Schedules;

  • Baseline Period means the 12-month period immediately preceding October 30, 2016.

  • Annual Accounting Period or “Financial Year” means the period commence on 1st July and shall end on 30th June of the succeeding calendar year.

  • Computation Period means each period of four consecutive Fiscal Quarters ending on the last day of a Fiscal Quarter.

  • Eligibility Computation Period means a 12-consecutive month period beginning with your first day of employment. Any succeeding Eligibility Computation Period will then switch to the Plan Year, beginning with the Plan Year that includes your first anniversary of employment. You will generally earn an hour of service for each hour you are paid for the performance of duties for the Company (however, numerous exceptions and special rules apply).

  • Evaluation Period bears the meaning ascribed thereto in Section 7.4(d)(i);

  • Year means a calendar year.

  • Hire Period means the period commencing when the Customer holds the Hire Goods on hire (including Saturdays Sundays and Bank Holidays) and ending upon the happening of any of the following events:

  • Election Period means the period immediately preceding the beginning of each Plan Year established by the Administrator, such period to be applied on a uniform and nondiscriminatory basis for all Employees and Participants. However, an Employee's initial Election Period shall be determined pursuant to Section 5.1.

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of:

  • Annual Period means each twelve (12) month period commencing on the Effective Date and, thereafter, on each anniversary of the Effective Date.

  • Recapture Period means the period commencing on the Effective Date and ending on the fifth anniversary of the last date that a Project owned by the Company is Placed in Service.

  • Minimum Hire Period means the Minimum Hire Period as described on the invoices, quotation, authority to hire, or any other forms as provided by the Supplier to the Client.

  • Projected Annual Benefit means the annual retirement benefit (adjusted to an actuarial equivalent straight life annuity if such benefit is expressed in a form other than a straight life annuity or Qualified Joint and Survivor Annuity) to which the Participant would be entitled under the terms of the Plan assuming:

  • Elimination Period means the period of 6 months beginning on the date You become Disabled.

  • PAL effective period means the period beginning with the PAL effective date and ending 10 years later.