Interim Value definition

Interim Value means the Strategy Value at any time other than the start date and end date of an Index Strategy Term.

Interim Value at any time is equal to the sum of the Segment Interim Values. Segment Value The “Segment Value” of a Segment Option at any time is determined based on the provisions of the applicable Strategy Endorsement. Segment Interim Value The “Segment Interim Value” of a Segment Option at any time is determined based on the provisions of the Interim Value Endorsement.

Interim Value means the value, attributable to one or more index options, used in determining the death benefit, withdrawal amount, annuitization amount or surrender value at any time other than the start date and end date of an index term.

Examples of Interim Value in a sentence

• Amounts withdrawn from a Segment on a date other than the Segment Maturity Date will reflect the Segment’s Segment Interim Value.

• We may determine this cap on the Segment Interim Value on a periodic basis, such as monthly or quarterly, rather than daily.

• Amounts withdrawn from a Segment on a date other than the Segment Maturity Date will reflect the Segment Interim Value.

• Our Interim Value methodology is on file with the insurance regulator in New York State, our state of domicile.

• Partial Withdrawals will reduce each Index Account Option's value at the beginning of the term in the same proportion that its Interim Value was reduced on the date of the withdrawal.

• For Segments which are [Annual Lock] Segments, your Segment Interim Value in the first year of duration will not exceed the sum of your Segment Investment plus your Segment Investment multiplied by the portion of the [Annual Lock] Segment’s annual Performance Cap Rate corresponding to the elapsed portion of duration since the Segment Start Date.

• We determine the Interim Value of your investment in a Segment on each Segment Business Day based on the estimated current value of financial instruments representing our obligation to provide your Segment Maturity Value on the Segment Maturity Date.

• For Segments which are not [Annual Lock] Segments, your Segment Interim Value will not exceed the sum of (i) your Segment Investment plus (ii) your Segment Investment multiplied by the portion of the Segment’s Performance Cap Rate corresponding to the elapsed portion of the Segment’s Duration.

• Your Segment Interim Value will not exceed the [Anniversary Ending Amount] on any [Annual Lock Anniversary].

• Your Segment Interim Value in the second and later years of duration will not exceed the sum of your previous year’s [Anniversary Ending Amount] plus your previous year’s [Anniversary Ending Amount] multiplied by the portion of the [Annual Lock] Segment’s annual Performance Cap Rate corresponding to the elapsed portion of duration since the previous [Annual Lock Anniversary].

More Definitions of Interim Value

Interim Value. As of any particular date, the initial value of a Fixed Allocation plus all interest credited thereon, less the sum of all previous transfers and withdrawals of any type from such Fixed Allocation and interest thereon from the date of each withdrawal or transfer.

Interim Value. The sum of the Investment Option Interim Values during the Investment Option Period. The Interim Value is used during the Investment Option Period for certain withdrawals, Income Plan, Death Benefit, and other benefits as specified in any riders attached to this Contract. At the expiration of the Investment Option Period, the Interim Value equals the Maturity Value. Upon entering the Access Account Period the Interim Value is no longer applicable.

Interim Value means the cash equivalent in respect of the Transferring Employees calculated on the basis of pensionable service up to the day immediately preceding the Effective Time in accordance with the Actual Assumptions; (12) "MFR" means the minimum funding requirement referred to in section 56 of the Pensions Xxx 0000; (13) "Payment Date" means the date which falls seven days after the later of:- (a) the date upon which the amount of the Transfer Value is certified in accordance with paragraph 5.1; and (b) the date upon which the Buyer notifies the Seller in writing that the Buyer's Scheme is an Exempt Approved Scheme (within the meaning of Section 592 of the Taxes Act) or that the Board of Inland Revenue has confirmed that the Buyer's Scheme may accept a transfer payment from the Seller's Scheme and (in either case) that if the employment of the

Interim Value per Unit means the value of the Company's capital, excluding the security valuation reserve, as of the month ended preceding the award of Units, after the Effective Date of the Plan, divided by 10 million.

Interim Value the aggregate Fleet Value of all Eligible Transaction Helicopter Equipment to be included in the pro forma calculations of each revised Borrowing Base Certificate delivered pursuant to Subsection 6.2(d).

Interim Value at any time is equal to the sum of the Segment Interim Values. Segment Value The “Segment Value” of a Segment Option at any time is determined based on the provisions of the applicable Strategy Endorsement. Segment Interim Value The “Segment Interim Value” of a Segment Option at any time is determined based on the provisions of the Interim Value Endorsement. Segment Credits The dollar amounts we credit to each Segment Option under this contract are called “Segment Credits.” Segment Credits may be positive, negative, or zero. Segment Credits will be calculated for a Segment Option based on the provisions of the applicable Strategy Endorsement. Segment Allocation On the Contract Date, the Purchase Payment will be credited to the Holding Account. The Holding Account will be transferred to the Segment Options on the Initial Segment Start Date (shown in the Segment Contract Schedule) based on the Segment Allocation Percentages selected by the Owner. The Segment Allocation Percentages selected for each Segment Option must be a whole percentage ranging from 0% to 100%. The sum of the Segment Allocation Percentages must equal 100%. Segment Value Transfers At each Segment End Date that occurs before the Annuity Date, you may elect to transfer some or all of the Segment Value from a Segment Option into one or more of your contract’s other Segment Options, subject to any transfer limitations specified in the Strategy Endorsements. Each Segment Option involved in a transfer must be at the end of a Segment Term Period. We will notify you at least 15 days before the Segment End Date of the Cap Rates, Participation Rates, Downside Participation Rates, Trigger Rates, and Annual Interest Rates applicable to available Segment Options for the next Segment Term Period. Cap Rates, Participation Rates, Downside Participation Rates, Trigger Rates, and Annual Interest Rates are defined in the applicable Strategy Endorsements. To elect a transfer, you must notify us at least two Business Days before the Segment End Date on which the transfer is to be made. Your notice must specify the Segment Options to which each transfer is to be made. You must also specify the amount that is to be transferred, either as a total dollar amount or as a whole percentage of the Segment Value of the Segment Option from which the funds are being transferred.