Unit Value(s) definition

Unit Value(s). Variable Unit Values are presumed not to increase for future periods after the date the lump sum is payable. The annuity to be converted to a lump sum will be the remaining annuity currently payable to the Participant or his or her beneficiary at the time the lump sum is due. For example, assume a Participant is receiving benefit payments in the form of a 50% joint and survivor annuity. If the Participant and the survivor annuitant are both still alive at the time the lump sum payment is due, the present value calculation will be based on the remaining benefits that would be paid to both the Participant and the survivor in the annuity form. If only the survivor is alive, the calculation will be based solely on the remaining 50% survivor benefits that would be paid to the survivor. If only the Participant is alive, the calculation will be based solely on the remaining benefits that would be paid to the Participant. In the case of a Participant who dies prior to commencement of benefits under this Plan so that only a preretirement surviving spouse benefit (if any) is payable, the lump sum will be based solely on the value of the preretirement surviving spouse benefit.

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Unit Value(s) means the various monetary values agreed on an individual basis from time to time by the Parties for the purposes of § 8.1 (Underdelivery ), § 8.2 (Under Acceptance), § 8.3 (Overdelivery) and § 8.4 (Over Acceptance) of the General Agreement and expressed either as a percentage of the Contract Price or as a Euro/kWh amount; 9.2 by the amendment of the following definitions: 9.2.1 "Taxes" means any tax, levy, impost, duty, charge, assessment, royalty, tariff, fee, regulated toll, loss or charge (peajes, mermas y cánones regulados) of any nature (including interest, penalties and additions thereto) that is imposed by any government, ministry, national regulator or other taxing authority in respect of any payment, nomination and allocation under any Individual Contract, on Natural Gas, or on the sale, transportation or supply of Natural Gas. For the avoidance of doubt Tax shall exclude (i) any tax on net income or net wealth; (ii) any tax on income derived from the exploration or exploitation of Natural Gas fields; (iii) a stamp, registration, documentation or similar tax, and (iv) VAT; and 9.1.2. “Transacción AOC” tiene el significado establecido en la Cláusula 2 de este Apéndice AOC; 9.1.

Examples of Unit Value(s) in a sentence

• Changes in Subaccount Annuity Unit Values also reflect an additional adjustment factor that corrects for an assumed investment return.

• Subsequent Accumulation Unit Values for each Sub-Account are determined by multiplying the Accumulation Unit Value for the immediately preceding Valuation Period by the Net Investment Factor for the Sub-Account for the current Valuation Period.

• SEPARATE ACCOUNT ACCUMULATION VALUE The Separate Account Accumulation Value under the Contract is the sum of the Accumulation Unit Values held in the Variable Portfolios for You.

• The number of Record Units reinstated will be based on the Record Unit Value(s) next computed after receipt at Aetna's Home Office of the reinstatement request and the amount to be reinvested.

• The Minimum Charge is factored into the Accumulation Unit Values on each Valuation Date.

• This charge is factored into the Accumulation Unit and Annuity Unit Values on each Valuation Date.

• To calculate the Commuted Value for variable annuity payments, We will use the AIR elected by You and the Annuity Unit Value(s) on the date We receive a fully completed request for surrender.

• This charge is factored into the Annuity Unit Values on each Valuation Date.

• Such a provision will be reflected in the Accumulation and Annuity Unit Values.

• Accumulation Unit Values are calculated at the close of each NYSE business day.