Theoretical Individual Level Premium Reserve definition

Theoretical Individual Level Premium Reserve means the reserve that would be available at the time of death if for each year of Plan participation a contribution had been made on behalf of the Participant in an amount equal to the Theoretical Contribution.

Examples of Theoretical Individual Level Premium Reserve in a sentence

  • The sum of (i) the face amount of all Contracts on the Participant's life (if any), plus (ii) the face amount of any additional Contracts on the Participant's life that could have been purchased, computed at the time of death, plus (iii) the Theoretical Individual Level Premium Reserve.

  • Note: For this purpose the face amount of insurance is limited to that which can be purchased for less than 66 2/3 percent (if whole life) or 33 1/3 percent (if term or universal life) of the theoretical contribution generated when determining the Theoretical Individual Level Premium Reserve.

Related to Theoretical Individual Level Premium Reserve

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  • Ground Level means the level of the referred point of exposed surface of the ground as indicated in the drawing.

  • Working level month (WLM) means an exposure to 1 working level for 170 hours (2,000 working hours per year divided by 12 months per year is approximately equal to 170 hours per month).

  • One-hundred-year flood means a flood having a one per cent chance of being equaled or exceeded in any given year.

  • Lowest achievable emission rate or “LAER” means, for any source, the more stringent rate of emissions based on the following:

  • On-premise beer retailer means a beer retailer who is:

  • Building level or district level leader means an individual employed by the District whose job assignment is that of a building level or district level administrator or an equivalent role, including an administrator licensed by the State Board of Education, an unlicensed administrator, or an individual on an Administrator Licensure Completion Plan. Building level or district level leader does not include the superintendent, deputy superintendents, associate superintendents, and assistant superintendents.

  • Lowest Achievable Emission Rate (LAER means, for any source, the more stringent rate of emissions based on the following:

  • Minor source baseline date means the earliest date after the trigger date on which a major stationary source or a major modification subject to 40 CFR 52.21 or to regulations approved pursuant to 40 CFR 51.166 submits a complete application under the relevant regulations. The trigger date is:

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  • Incremental Available Transfer Capability Revenue Rights means the rights to revenues that are derived from incremental Available Transfer Capability created by the addition of Merchant Transmission Facilities or of one of more Customer-Funded Upgrades.

  • Minimum Level (ML means the concentration at which the entire analytical system must give a recognizable signal and an acceptable calibration point. The ML is the concentration in a sample that is equivalent to the concentration of the lowest calibration standard analyzed by a specific analytical procedure, assuming that all the method-specified sample weights, volumes and processing steps have been followed.

  • Licensed Level means a) when referenced in the context of a Named User, the quantity of Metric for which each individual Named User category and type is licensed -and- b) when referenced in the context of a Package, the quantity of Metric for which each individual Package is licensed; and

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  • Maximum contaminant level goal or “MCLG” means the maximum level of a contaminant in drinking water at which no known or anticipated adverse effect on the health of persons would occur, and which allows an adequate margin of safety. MCLGs are nonenforceable health goals.

  • authorized control level RBC means the number determined under the risk-based capital formula in accordance with the RBC instructions;

  • Base Year Value means the assessed value of eligible property January 1 preceding the execution of the agreement plus the agreed upon value of eligible property improvements made after January 1 but before the execution of the agreement.

  • Supplier Profit Margin means, in relation to a period, the Supplier Profit for the relevant period divided by the total Charges over the same period in respect of any Call Off Agreements and expressed as a percentage;

  • Life-cycle cost means the expected total cost of ownership during the life of a product, including disposal costs.

  • Working level (WL) means any combination of short-lived radon daughters in 1 liter of air that will result in the ultimate emission of 1.3E+5 MeV of potential alpha particle energy. The short-lived radon daughters are—for radon-222: polonium-218, lead-214, bismuth-214, and polonium-214; and for radon-220: polonium-216, lead-212, bismuth-212, and polonium-212.

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  • Sound level meter means an instrument which includes a microphone, amplifier, RMS detector, integrator or time averager, output meter, and weighting networks used to measure sound pressure levels.