Performance Cap Rate definition
Performance Cap Rate means the highest Segment Rate of Return that can be credited on a Segment Maturity Date. We set the Performance Cap Rate for each new Segment on the Segment Start Date. We reserve the right to set the Performance Cap Rate at any time prior to the Segment Start Date. The Performance Cap Rate may vary for each Segment. In addition, for any particular Segment, we may set a Performance Cap Rate applicable to allocations under new Contracts that is different than the Performance Cap Rate applicable to allocations under existing Contracts.
Performance Cap Rate means the highest Segment Rate of Return that can be credited on a Segment Maturity Date. We set the Performance Cap Rate for each new Segment
Performance Cap Rate generally means the highest Segment Rate of Return that can be credited on a Segment Maturity Date. We set the Performance Cap Rate for each new Segment on the Segment Start Date. We reserve the right to set the Performance Cap Rate at any time on or prior to the Segment Start Date. The Performance Cap Rate may vary between Segments and may also vary on a class basis as to a particular Segment or Segments. The initial Performance Cap Rate(s) applicable to the Segment(s) elected by you on the Contract Date is shown in the Data Pages.
Examples of Performance Cap Rate in a sentence
In addition to the report described above, we will send you a report for each new Segment to which Annuity Account Value was allocated showing the Segment Start Date, Segment Maturity Date and Performance Cap Rate.
The “Cap Calculation Factor” refunds the portion of the estimated annual expenses that we used in calculating the Performance Cap Rate at the Segment Start Date but has not been fully incurred due to the partial period.
In such case, the affected Segments will end prematurely by applying the Segment Performance Cap Rate and Segment Buffer to the actual gains or losses on the original Index immediately before the Index is discontinued.
More Definitions of Performance Cap Rate
Performance Cap Rate means the highest Segment Rate of Return that can be credited on a Segment Maturity Date. We set the Performance Cap Rate for each new Segment on the Segment Start Date. We reserve the right to set the Performance Cap Rate at any time prior to the Segment Start Date. The Performance Cap Rate may vary for each Segment. We may set Performance Cap Rates for new Contracts that are different than the Performance Cap Rates we set during that period for the same Segment under existing Contracts. [SECTION 2.01(e) PERFORMANCE CAP THRESHOLD "Performance Cap Threshold" means the minimum Performance Cap Rate you specified as a Segment Participation Requirement that must be met in order for amounts to be transferred from a Segment Type Holding Account or from a maturing Segment into a new Segment. If we notify you that Performance Cap Thresholds are available, you may specify such Thresholds in accordance with our rules. A Performance Cap Threshold will remain in effect [until the later of [90] days after we receive your election and the date amounts in the applicable Segment Type Holding Account are transferred into a Segment.] We may discontinue availability of Performance Cap Thresholds with advance notice to you.]