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.