Income Start Date definition

Income Start Date. The date Income Payments begin. The Income Start Date selected must be set no later than one year from the Contract Date.
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Income Start Date means the date we can start paying your income. If you have chosen to be paid in arrears the date you receive your income will actually be after your income start date. This will be shown on your Plan schedule.
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Examples of Income Start Date in a sentence

  • If a misstatement is not discovered until after the Income Start Date, the Company will take the following action: (1) underpayments will be paid in one sum with the next annuity income payment including interest at the annual rate of 3%, unless a higher interest rate is legally required; (2) overpayments including interest at the annual rate of 3%, unless a higher interest rate is legally required, will be deducted from future annuity income payments until the total is repaid.

  • ANNUITY YEAR - A one-year period of time beginning on the Income Start Date and each one year anniversary thereafter.

  • If the last surviving Annuitant dies on or after the Income Start Date and after the end of the Period Certain, we will pay a death benefit.

  • We will pay this death benefit in accordance with the When Death Occurs On Or After Income Start Date provision.

  • On the Income Start Date and during each Modal Period thereafter, the Company will calculate the variable Income Payments to reflect the investment performance of each Division selected by the Owner.

  • At any time on or after the Income Start Date and before the end of your Period Certain, you may request a commuted value of the remaining Income Payments for this Period Certain.

  • The Executive may terminate employment at any time by giving the Company one (1) month's advance written notice of such termination.

  • If an Annuitant dies after the Income Start Date, benefit continuation will be determined by the Annuity Income Option in effect for the Certificate.

  • ANNUITY INCOME PAYMENT DATES Variable Annuity Income will commence on the Income Start Date as specified in the Certificate [but no later than 12 months after the Effective Date of the Certificate].

  • Transfers to the General Account, to provide Fixed Income Payments, are subject to the following terms and conditions: - Transfers to the General Account are permitted only after the Income Start Date.

Related to Income Start Date

  • Start Date for Term Calculation Purposes Only: Regardless of actual award/effective date of Contract, for Agreement “term” calculation purposes only, the Agreement “start date” is the last day of the month that Award Notifications are anticipated as published in the Solicitation. Example: If the anticipated award date published in the Solicitation is August 27, 2020 but extended negotiations delay award until September 24, 2020 the end date of the resulting initial “two-year” term Agreement, (which is subject to an extension(s)) will still be August 31, 2022 in this example

  • 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;

  • Service Start Date means the date on which services were first supplied under this Agreement.

  • Supply Start Date means the date(s) specified in clause 2.8;

  • Investment Start Date : means 8 July 2022 or if such day is not a Scheduled Trading Day, the following day which is a Scheduled Trading Day.