MGIB definition

MGIB means a minimum guaranteed income benefit under a variable annuity policy rider.
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Examples of MGIB in a sentence

  • Charges will be calculated using the MGIB Charge Base immediately prior to termination.

  • MGIB CHARGES Charges for this Rider will be deducted from the Contract's Accumulation Value.

  • If this Rider is effective as of the Contract Date, the initial MGIB Base is equal to the initial premium paid for the Contract plus any credits.

  • MAXIMUM MGIB BASE The Maximum MGIB Base is shown or defined on the Schedule Page.

  • If this Rider is added to a Contract after the Contract Date, the initial MGIB Base shall be equal to the Accumulation Value on the Rider Date.

  • Thereafter, the MGIB Base is increased by Eligible Premiums, and Credits thereon reduced by any Prorata Partial Withdrawal Adjustments and accumulated for the calculation period at the MGIB Rate.

  • PRORATA PARTIAL WITHDRAWAL ADJUSTMENT The MGIB Base will be reduced by a Prorata Partial Withdrawal Adjustment each time a partial withdrawal is made.

  • Transfers from Covered Funds to Special Funds will limit the future growth of the MGIB Rollup Base as follows.

  • The MGIB Rollup Base for Special Funds does not accumulate at the MGIB Rate, so investments in Special Funds may limit the MGIB Benefit.

  • Any subsequent exercise of the MGIB must be for 100% of the MGIB Benefit Base remaining under the Rider.

Related to MGIB

  • Xxxxxxx Group means (i) any member of the Xxxxxxx Family, (ii) Xxxxxxx Energy Partners I, LP and SEP Management I, LLC, (iii) Xxxxxxx Parent, (iv) Xxxxxxx Investor, (v) Xxxxxxx Production Partners LP, (vi) Xxxxxxx Oil & Gas Corporation, (vii) Blackstone Newco and (viii) any Person Controlled by any one or more of the foregoing (other than the General Partner, the Partnership or any of their respective Subsidiaries).

  • Xxxxxx Group shall have the meaning set forth in Section 9.2(b) hereof.

  • Shire means Shire of Augusta Margaret River

  • mg means milligram.

  • Novartis shall have the meaning set forth in the Preamble.

  • BMS means the Company, all related companies, affiliates, subsidiaries, parents, successors, assigns and all organizations acquired by the foregoing.

  • Pfizer means Pfizer Inc.

  • BLS means Basic Life Support.

  • Xxxxx Group means Xxxxx and any Affiliate of Xxxxx.

  • SMP : means Significant Market Power;

  • UPI means the unified payments interface which is an instant payment mechanism, developed by NPCI;

  • Merck has the meaning set forth in the preamble.

  • Lilly has the meaning set forth in the Preamble.

  • PTI means Preliminary Toxicity Investigation. Up to a 30-day period where the permittee investigates the cause(s) of a whole effluent toxicity exceedance and if the toxicity is known, includes a proposal for its elimination.

  • ANI means automatic number identification.

  • PPI has the meaning specified in Section 4.2(a);

  • NESC means the National Electrical Safety Code.

  • Elan means Elan Corp and its Affiliates.

  • NPS means nominal pipe size.

  • Xxxx Group means collectively Xxxx Capital Fund V, L.P., Xxxx Capital Fund V-B, L.P., BCIP Associates, BCIP Trust Associates, L.P. and Xxxxxxxx Street Partners.

  • DS Electric generation service that is provided at retail pursuant to the Applicable Legal Authorities under the Company’s retail electric tariffs and under any other agreements or arrangements between the Company and Customers, to any Customer that is not being served by an EGS. Default Allocation Assessment – shall have the meaning ascribed to it under the PJM Agreements. Delivery Period – The delivery period specified in an Appendix C Transaction Confirmation. Delivery Point – Means the applicable zone of the Company as designated by PJM. DS Customer(s) – Retail customers who are provided Default Service pursuant to the terms of this Agreement, the Applicable Legal Authorities and the Company’s retail tariffs.

  • Raptor means all birds of the orders Falconiformes and Strigiformes, commonly called falcons,

  • POPI means the Protection of Personal Information Act, 4 of 2013;

  • Spectrum means frequencies of electromagnetic spectrum used to provide fixed or mobile communications services as licensed or authorized by the FCC.