Modal Period definition

Modal Period. The period of time (mode), at the end of which an Income Payment is made. Such period is set forth on the Contract Data Page.
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Modal Period means the period the company specifies during which the current
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Modal Period means the period the company specifies during which the current nonforfeiture rate will remain fixed.
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Examples of Modal Period in a sentence

  • 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.

  • Since the amount of Income Payments changes during the next Modal Period, the reduction in Income Payments due to the withdrawal will be delayed until that time.

  • The Company reserves the right to use a less frequent Modal Period, but not less frequently than annually, to make Income Payments at least equal to one hundred ($100.00) dollars.

  • Payments must be at least equal to one hundred ($100.00) dollars per Modal Period.

Related to Modal Period

  • Initial Period means the period from (and including) the Issue Date to (but excluding) the First Call Date;

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

  • transitional period means the period of time beginning on the

  • Implementation Period means the period from the date of signing of the Agreement and up to the issuance of Final Acceptance Certificate for the project.

  • Program Period means the period of time which the department intends to support the program without requiring the recompetition for funds. The program period is specified within the grant application.

  • Opt-Out Period means the period that begins the day after the earliest date on which the Notice is first distributed, and that ends no later than 30 days before the Final Approval Hearing. The deadline for the Opt-Out Period shall be specified in the Notice.

  • Trial Period means a working test period after promotion, voluntary demotion, or intra-agency lateral transfer during which a classified employee is required to demonstrate satisfactory performance in the job to which promoted, voluntarily demoted, or transferred before acquiring permanent status in the job.

  • Extended Period As defined in Section 9.04(b).