Reversionary Bonus definition

Reversionary Bonus means the bonus(es) payable by Us in accordance with Clause 4.2 of Part C, if declared by Us;
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Reversionary Bonus means the bonus that we may add to the policy during it’s term as a result of the bonus declared by the Board of IDBI Federal Life Insurance Company.
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Reversionary Bonus means a non-guaranteed Bonus declared by the Company based on the performance of the Par Fund, and payable as follows:
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Examples of Reversionary Bonus in a sentence

  • The Simple Reversionary Bonus rates are not fixed or guaranteed and may change from time to time.

  • Reversionary Bonus would normally be declared as at 31st March every year.

  • Reversionary Bonus and Terminal Bonus have been calculated at the assumed non-guaranteed rates of return of 4% p.a. & 8% p.a. Please note that Bonuses are NOT guaranteed and may be as declared by the Company from time to time.

  • Under this Policy, We may declare a Reversionary Bonus, based on Our Actuarial Valuation Surplus.

  • A compound Reversionary Bonus rate will be determined each year by Us and shall be applied by Us as a percentage of the sum total of the Sum Assured and the accrued compound Reversionary Bonuses declared in the previous Policy Years, if any.

  • Reversionary Bonus rates may vary from year to year and will depend on actual experience and prevailing and expected economic conditions.

  • All Compound Reversionary Bonus, if any, due during the lapse/paid-up period will be added/attached to the Policy.

  • Compound Reversionary Bonus: This is a regular bonus rate expressed as a percentage of the Sum Assured and the Vested Bonus under the Policy.

  • The Compound Reversionary Bonus is added to the Policy at the end of that Financial Year provided all the due Regular Premiums under the Policy are paid up to date.

  • Declared Simple Reversionary Bonus will be vested to the respective policy on the immediately following policy anniversary.


More Definitions of Reversionary Bonus

Reversionary Bonus means the Bonus(es) payable by Us in accordance with Section 3.5.1, if declared by Us;
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Related to Reversionary Bonus

  • Density bonus means a floor area ratio bonus over the otherwise maximum allowable density permitted under the applicable zoning ordinance and land use elements of the general plan of a city, including a charter city, city and county, or county of:

  • Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award Agreement.

  • Annual Cash Compensation means the sum of (I) the Employee's highest Base Salary (i.e., one year's salary at its highest rate), plus (II) the "Applicable Average Bonus" as defined in subparagraph 5(a)(i)(B) above.

  • Cash Compensation means any discount, concession, fee, service fee, commission, sales charge, loan, override, or cash benefit received by a producer in connection with the recommendation or sale of an annuity from an insurer, intermediary, or directly from the consumer.

  • Basic Compensation means Salary and Benefits.

  • Cash Bonus means an award of a bonus payable in cash pursuant to Section 10 hereof.

  • Availability Incentive Payments has the meaning set forth in the CAISO Tariff.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Termination Compensation means a monthly cash amount equal to one-twelfth (1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • Basic Salary shall have the meaning assigned to it in Section 5 of this Agreement.

  • Final compensation of a member means:

  • Bonus means the bonus described in the Section 2.3.

  • Incentive Payment means the payment to a STGU, including an AOBC Generation Unit, for RPS class I Renewable Generation Attributes and/or Environmental Attributes produced by these units, calculated pursuant to Section 7.0 below.

  • Target Bonus has the meaning described in Section 4(b).

  • Annual Compensation means an amount equal to the greater of:

  • Annual Deferral Amount means that portion of a Participant's Base Annual Salary and Annual Bonus that a Participant elects to have, and is deferred, in accordance with Article 3, for any one Plan Year. In the event of a Participant's Retirement, Disability (if deferrals cease in accordance with Section 8.1), death or a Termination of Employment prior to the end of a Plan Year, such year's Annual Deferral Amount shall be the actual amount withheld prior to such event.

  • Annual Salary means the salary given under this Part.

  • Base Compensation means the amount equal to the sum of (i) the greater of Executive’s then-current Annual Base Salary or Executive’s Annual Base Salary as of the date one day prior to the Change in Control, and (ii) the Average Incentive Bonus.