Settlement Age definition

Settlement Age. The settlement age is the payee's age nearest birthday on the date payments begin, minus an age adjustment from the table below. The age adjustment cannot exceed the age of the payee.
Sample 1Sample 2
Settlement Age. The settlement age is the payee's age nearest birthday on the date payments begin, minus an age adjustment from the table below. The age adjustment cannot exceed the age of the payee. -------------------------------------------------------------------------------- Year Payments Begin Age After Prior To Adjustment -------------------------------------------------------------------------------- ---- 2001 0 2000 2026 3 2025 2051 7 2050 ---- 10 -------------------------------------------------------------------------------- FLEXIBLE PREMIUM VARIABLE JOINT AND LAST SURVIVOR LIFE INSURANCE POLICY --------------------------------------------------------------------------------
Sample 1
Settlement Age. The settlement age is the Payee's age last birthday on the date payments begin, minus an age adjustment from the table below. The actual age adjustment may be less than the numbers shown.
Sample 1Sample 2

Examples of Settlement Age in a sentence

  • Settlement Age: The settlement age is the payee's age nearest birthday on the date payments begin, minus an age adjustment from the table below.

  • Each Annuitant's Settlement Age must be at least 35 when payments begin.

  • Practically all of those contacted often organised trips for travellers/members to Landmannalaugar and most also visited Þjórsárdalur and the recreated Settlement Age farm.

  • This shows that most Settlement Age Icelandic women wore Norse clothing.

  • Each Annuitant/Payee's Settlement Age must be at least 35 years old when payments begin.

  • Settlement Age - The Annuitant(s)'s age as of his or her last birthday on the date Income Payments begin, minus an age adjustment from the Maximum Age Adjustment Table.


More Definitions of Settlement Age

Settlement Age. The settlement age is the Payee's age last birthday on the date payments begin, minus an age adjustment from the table below. The actual age adjustment may be less than the numbers shown. ----------------------------------------------------------------- Year Payments Begin Maximum Age After Prior To Adjustment ----------------------------------------------------------------- ---- 2001 0 2000 2026 5 2025 2051 10 2050 ---- 15 ----------------------------------------------------------------- GE LIFE AND ANNUITY ASSURANCE COMPANY SURRENDER CHARGE ENDORSEMENT -------------------------------------------------------------------------------- The Contract to which this endorsement is attached is amended as follows: Definition of Surrender Value The definition of Surrender Value is deleted and replaced by the following: SURRENDER VALUE - The Contract Value on the date we receive your written request for surrender at our Home Office less any premium tax and any applicable charges. These charges include any surrender charge and any optional benefit charges. The Withdrawal provision is deleted and replaced by the following:
Sample 1
Settlement Age. The settlement age is the payee's age nearest birthday on the date payments begin, minus an age adjustment from the table below. The age adjustment cannot exceed the age of the payee. -------------------------------------------------------------- Year Payments Begin Age After Prior To Adjustment -------------------------------------------------------------- ---- 2001 0 2000 2026 3 2025 2051 7 2050 ---- 10 -------------------------------------------------------------- FLEXIBLE PREMIUM VARIABLE JOINT AND LAST SURVIVOR LIFE INSURANCE POLICY -------------------------------------------------------------------------------- . Death Proceeds payable at the death of the last Insured . Adjustable Death Benefit . Flexible premiums payable until the death of the last Insured . Some benefits reflect investment results . No dividends -------------------------------------------------------------------------------- GE LIFE AND ANNUITY ASSURANCE COMPANY GE LIFE AND ANNUITY ASSURANCE COMPANY DEATH BENEFIT ENHANCEMENT RIDER -------------------------------------------------------------------------------- The Death Benefit of the Policy to which this rider is attached is modified to include the amount of insurance for this rider. The Death Benefit at the death of the last Insured will be determined by the Death Benefit option that you have chosen as follows: Cash Value Accumulation Test: Under option A for Attained Ages less than 100, the Death Benefit is the greater of (1) and (2), where: (1) is the Specified Amount plus this rider's amount of insurance plus the Account Value; and (2) is (a) divided by (b), where: (a) is the Account Value minus the rider net single premium; and (b) is the base Policy net single premium factor. Under option B for Attained Ages less than 100, the Death Benefit is the greater of (1) and (2), where: (1) is the Specified Amount plus this rider's amount of insurance; and (2) is (a) divided by (b), where: (a) is the Account Value minus the rider net single premium; and (b) is the base Policy net single premium factor. Under option C for Attained Ages less than 100, the Death Benefit is the greater of (1) and (2), where: (1) is (a) plus (b) minus (c) minus (d), where: (a) is the Specified Amount plus this rider's amount of insurance; (b) is the sum of all premiums paid before Attained Age 75 of the younger Insured; (c) is the charges for additional benefits, other than qualified additional benefits as specified in Internal Revenue Code Section 7702(f...
Sample 1

Related to Settlement Age

  • Settlement Cycle means the period of Clearance System Business Days following a transaction on the Relevant Exchange in the Underlying, during which period settlement will customarily take place according to the rules of such Relevant Exchange.

  • Settlement Day means the Business Day which is 2 Business Days after the relevant Dealing Day (or such Business Day as is permitted in relation to such Dealing Day pursuant to the Operating Guidelines) or such other number of Business Days after the relevant Dealing Day as determined by the Manager in consultation with the Trustee from time to time and notified to the relevant Participating Dealers or as otherwise described in the relevant Appendix.

  • Settlement Amount has the meaning specified in Section 14.02(a)(iv).

  • Cash Settlement Averaging Period means (a) with respect to any Conversion Date occurring on or after the 24th Scheduled Trading Day immediately preceding the Maturity Date, the twenty (20) consecutive Trading Day period ending on, and including, the third Scheduled Trading Day immediately preceding the Maturity Date and (b) in all other cases, the twenty (20) consecutive Trading Day period beginning on, and including, the third Trading Day immediately following the relevant Conversion Date.

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

  • Settlement Dates As determined pursuant to Section 9.4 of the Equity Definitions, subject to Section 9(k)(i) hereof.

  • Net Settlement Amount means the Gross Settlement Amount, less the following payments in the amounts approved by the Court: Individual PAGA Payments, the LWDA PAGA Payment, Class Representative Service Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, and the Administration Expenses Payment. The remainder is to be paid to Participating Class Members as Individual Class Payments.

  • TARGET Settlement Day means any day on which TARGET2 is open for the settlement of payments in euro;

  • Settlement Method means, with respect to any conversion of Notes, Physical Settlement, Cash Settlement or Combination Settlement, as elected (or deemed to have been elected) by the Company.

  • TARGET2 Settlement Day means any day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System is open.

  • Settlement Period has the meaning specified therefor in Section 2.02(d)(i) hereof.

  • Gross Settlement Amount means $240,000 which is the total amount Standard agrees to pay under the Settlement, except as provided in Paragraph 8 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment and the Administrator’s Expenses.

  • Resettlement means the impact of an involuntary taking of land under the Project, which taking causes affected persons to have their: (i) standard of living adversely affected; or (ii) right, title or interest in any house, land (including premises, agricultural and grazing land) or any other fixed or movable asset acquired or possessed, temporarily or permanently; or (iii) access to productive assets adversely affected, temporarily or permanently; or (iv) business, occupation, work or place of residence or habitat adversely affected, temporarily or permanently.

  • Settlement Method Election Date With respect to any Settlement of any Transaction, the 2nd Scheduled Trading Day immediately preceding (x) the Valuation Date for such Transaction, in the case of Physical Settlement, or (y) the First Unwind Date for such Transaction, in the case of Cash Settlement or Net Share Settlement.

  • Settlement Hearing means the hearing set by the Court under Rule 23(e)(2) of the Federal Rules of Civil Procedure to consider final approval of the Settlement.

  • Settlement means the settlement provided for in this Agreement.

  • Settlement Price Date means the Valuation Date. "Valuation Date" means the Redemption Valuation Date.

  • CCASS Settlement Day means the term “Settlement Day” as defined in the General Rules of CCASS.

  • Settlement Fairness Hearing means the hearing set by the Court under Rule 23(e)(2) of the Federal Rules of Civil Procedure to consider final approval of the Settlement.

  • Termination Settlement Date means, for any Terminated Obligation, the date customary for settlement, substantially in accordance with the then-current market practice in the principal market for such Terminated Obligation (as determined by the Calculation Agent), of the sale of such Terminated Obligation with the trade date for such sale occurring on the related Termination Trade Date.

  • Settlement Value means the amount which the holder of a Contract may receive for a Contract held until Expiration. The Settlement Value of a Binary Contract is $100. The Settlement Value of a Variable Payout Contract is determined as described in the definitions of Long and Short Variable Payout Contracts.

  • Settlement Price means the agreed upon price at which to purchase and sell a specified type and quantity of a commodity.

  • Final Order Entry Date means the date on which the Final Order is entered by the Bankruptcy Court.

  • Standard Settlement Period means the standard settlement period, expressed in a number of Trading Days, on the Company’s primary Trading Market with respect to the Common Stock as in effect on the date of delivery of the Notice of Exercise.

  • Cash Settlement shall have the meaning specified in Section 14.02(a).

  • Cash Settlement Date means, for each Financially Settled Futures Transaction, the Business Day determined by Exchange from time to time in accordance with industry practice for such Transaction, as posted on Exchange’s Website not less than one month prior to the occurrence of such date, other than Invoices issued as a result of a Contracting Party’s Default or under the Close- out Procedure which amounts require payment immediately;