Monthly Annuity definition

Monthly Annuity means a monthly annuity payable for the life of the Participating Executive with a survivor benefit payable for the life of the Participating Executive’s Surviving Spouse in monthly amounts initially equal to 50% of the amount payable to the Participating Executive immediately prior to his death (determined without regard to Section 3.3(c) hereof), such amounts to be adjusted to reflect the Cost of Living Adjustment.
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Monthly Annuity means a lifetime payment.
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Examples of Monthly Annuity in a sentence

  • Monthly Annuity Payments cease with the final Annuity Payment due prior to the last survivor's death.

  • Monthly Annuity Payments will continue to be paid during the remaining lifetime of the Joint Annuitant at 100% of the previous level, as selected.

  • Full-time members who participate in the alternate retirement plan shall be provided, at no expense to the member, with CSU Group Total Disability Insurance, including Six Month Elimination and Annual Benefit Increase Provisions and Monthly Annuity Premium Benefit.

  • Monthly Annuity Payments will continue to be paid during the remaining lifetime of the Joint Annuitant at 100% of the previous level.

  • Monthly Annuity Payments payable during the joint lifetime of the Annuitant and a Joint Annuitant and then during the lifetime of the survivor at the percentage (100%, 75%, 66 2/3% or 50%) selected.

  • Monthly Annuity Payments payable during the joint lifetime of the Annuitant and a designated second person and then during the lifetime of the survivor at the percentage (100%, 75%, 66 2/3% or 50%) selected.

  • Monthly Annuity Payments payable during the joint lifetime of the Annuitant and a Joint Annuitant and then during the lifetime of the survivor.

  • LIFE ANNUITY: Monthly Annuity Payments during the life of the Annuitant.

  • LIFE ANNUITY WITH PERIODS CERTAIN OF 60,120, 180 OR 240 MONTHS: Monthly Annuity Payments during the lifetime of the Annuitant and in any event for sixty (60), one hundred twenty (120), one hundred eighty (180) or two hundred forty (240) months certain as selected.

  • In addition, in the event such termination of employment occurs after August 8, 2012, then Officer shall be entitled to the Annuity and to receive the Monthly Annuity Payments as provided in Section 4(f).