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 an Annuitant who is the Covered Person or Joint Covered Person dies after the Income Start Date, and joint-life income was elected, then the surviving spouse can continue this Rider and the Contract and continue to receive the AWA for the rest of his or her life.

  • In order to ensure that the AWA continues after the death of an Owner you must elect a joint-life income on the Income Start Date and the Covered Person and the Joint Covered Person must be spouses to preserve the availability of this Rider after the death of an Owner.

  • On or after the Income Start Date, the portion of any withdrawal that causes the total withdrawals for that Contract Year to exceed the higher of the AWA or the Protected RMD, if applicable, is an Excess Withdrawal.

  • If you do not elect an Income Start Date that occurs before the Maximum Annuity Income Date, then by the Maximum Annuity Income Date you must choose an Annuity Option from among those then available under the contract.

  • 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.

  • 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.

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

  • We will determine eligibility for an increase to the Withdrawal Benefit Base under each of these two features on each Contract Anniversary and on the Income Start Date.

  • If your Maximum Annuity Income Date occurs after the Income Start Date, then your choice of Annuity Options may include the AWA Settlement Option, described below.

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

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;

  • Term Start Date has the meaning set forth in Section 1.01.

  • Investment Start Date : means 22 July 2022 or if such day is not a Scheduled Trading Day, the following day which is a Scheduled Trading Day.

  • First Year means the intake group of Students for the most junior class or year in a school.

  • Index Start Date means 19 January 2015.

  • Budget year means the financial year of the municipality for which an annual budget is to be approved in terms of section 16(1) of the MFMA;

  • Operational Period means a period starting with the date and time a Certificate is issued (or on a later date and time certain if stated in the Certificate) and ending with a date and time at which the Certificate expires or is earlier revoked.

  • Start-up Period means up to 7 Academy Financial Years and covers the period up to and including the first Academy Financial Year in which all age groups are present at the Academy (that is, all the pupil cohorts relevant to the age range of the Academy will have some pupils present).

  • Model Year means the CI engine manufacturer’s annual production period, which includes January 1st of a calendar year, or if the manufacturer has no annual production period, the calendar year.

  • Contract Start Date means the date specified in your Contract for Signature asthe date this Contract starts;

  • Project Start Date means the first Milestone Start Date specified in Schedule B;

  • Commencement Date means the date of this Agreement.

  • Year 1 means the year next following the export date and “year” followed immediately by any other numeral has a corresponding meaning; reference in this Agreement to an Act shall include the amendments to such Act for the time being in force and also any Act passed in substitution therefor or in lieu thereof and the regulations for the time being in force thereunder; power given under any clause of this Agreement other than clause 17 hereof to extend any period or date shall be without prejudice to the power of the Minister under the said clause 17; marginal notes shall not affect the interpretation or construction hereof; the phases in which it is contemplated that this Agreement will operate are as follows —

  • Divestiture Date means the date on which the Divestiture Assets are divested to Acquirer pursuant to this Final Judgment.

  • Operating Period for any Element of the Project shall mean the period from (and including) the COD of such Element of the Project, up to (and including) the Expiry Date and for the Project, shall mean the period from (and including) the COD of the Project, up to (and including) the Expiry Date;

  • Operating Month for a Shipper or Transferor means any calendar month in which Carrier either transports Crude Petroleum or recognizes and records a change in ownership of Crude Petroleum for the account of such Party. For purposes hereof the calendar month shall be deemed to begin at 7:00 a.m. (Central Time) on the first day of such month.

  • 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.

  • Commercial Operation Date means the date on which a Material Project is substantially complete and commercially operable.

  • EBIT means earnings before interest and taxes.

  • Interim Period has the meaning specified in Section 6.1.

  • Twelve-Month Period means a twelve-month period ending on the first anniversary of the Effective Date or on each subsequent anniversary thereof.

  • Year 2 means the year after year 1; year 3 means the year after year 2, year 4 means the year after year 3, and so on; and

  • Revenue Operations Date (ROD) means the date of operation of Metro