ACCUMULATION PROGRAM Sample Clauses

The Accumulation Program clause establishes a framework for systematically collecting or accruing certain benefits, points, or assets over time, typically as part of a rewards or incentive system. In practice, this clause outlines the rules for how participants can earn and accumulate these rewards, such as through repeated purchases, continued service, or meeting specific milestones. Its core function is to incentivize ongoing engagement or loyalty by providing a structured method for participants to gain increasing value the longer they participate.
ACCUMULATION PROGRAM. REINSURANCE PREMIUM ACCUMULATION PROGRAM PRODUCTS COVERED (BASIS POINTS) ------------------------------ -------------------------------------------------- -------------------- Guaranteed Accumulation PEP Product 150.00 Benefit
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ACCUMULATION PROGRAM. REINSURANCE PREMIUM ACCUMULATION PROGRAM PRODUCTS COVERED (BASIS POINTS) -------------------------------- ------------------------------------------- ------------------- Guaranteed Accumulation Benefit All Products 75.00 AMENDMENT NO. 17 TO AUTOMATIC REINSURANCE AGREEMENT EFFECTIVE AS OF DECEMBER 1, 2004 (Agreement) between METROPOLITAN LIFE INSURANCE COMPANY (Cedent) and EXETER REASSURANCE COMPANY, LTD. (Reinsurer) The Agreement is hereby amended, as of October 10, 2011, as follows: 1. The attached Schedule A, Plans of Reinsurance, amends and, as amended, restates Schedule A, Plans of Reinsurance. 2. The attached Exhibit II, Reinsurance Premiums, amends and, as amended, restates Exhibit II, Reinsurance Premiums. This Amendment No. 17 does not alter, amend or modify the Agreement other than as set forth herein, and the terms and conditions of the Agreement, as amended herein, continue in effect without other change. In Witness whereof, the parties have caused this Amendment No. 17 to be signed in duplicate counterparts as of the date first above written. METROPOLITAN LIFE INSURANCE COMPANY By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇ ------------------------------------- Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇ ------------------------------------- Title: Senior Vice President ------------------------------------- EXETER REASSURANCE COMPANY, LTD. By: /s/ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ------------------------------------- Name: ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ------------------------------------- Title: Vice President and Actuary ------------------------------------- SCHEDULE A PLANS OF REINSURANCE A. Reinsurer's Percentage: 100% of the business described herein. B. Effective Date: December 1,2004 C. Reinsured Contracts: METROPOLITAN LIFE INSURANCE COMPANY DEFERRED ANNUITY CONTRACTS -------------------------- Preference Plus Select Variable Annuity - All Share Classes Preference Premier - All Share Classes FORM NUMBERS ------------ Guaranteed Minimum Death Benefits Ceded: ---------------------------------------- Fifth Year Step-up: Form ML-535 (07/01) Annual Step-Up: Form ML-550 (07/01) Greater of Annual Step-Up and 5% Rollup: Form ML-540(07/01) Enhanced Death Benefit: Form ML-640-1 (4/08) Enhanced Death Benefit II: Form ML-640-1 (4/08) & Endorsement ML-RMD (7/10)-E Enhanced Death Benefit III: Form ML-640-1 (4/08) & Endorsement ML-RMD (7/10)-E Enhanced Death Benefit Max: Form ML-640-1 (4/08) & Endorsement ML-RMD (7/10)-E Enhanced Death Benefit ▇▇▇ ▇▇: Form ML-640-1 (4/08) & Endorsement ML-RMD (7/10)-E Additional Death Benef...
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ACCUMULATION PROGRAM. REINSURANCE PREMIUM ACCUMULATION PROGRAM PRODUCTS COVERED (BASIS POINTS) ------------------------------- ------------------------------------------------ ------------------- Guaranteed Accumulation Benefit PEP PRODUCT 150.00 Guaranteed Accumulation Benefit All OTHER PRODUCTS 75.00 AMENDMENT NO. 6 TO AUTOMATIC REINSURANCE AGREEMENT EFFECTIVE AS OF APRIL 1, 2001 AMENDED AND RESTATED AS OF JULY 1, 2004 (Agreement) between METLIFE INVESTORS USA INSURANCE COMPANY (Cedent) and EXETER REASSURANCE COMPANY, LTD. (Reinsurer)
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ACCUMULATION PROGRAM. REINSURANCE PREMIUM ACCUMULATION PROGRAM PRODUCTS COVERED (BASIS POINTS) -------------------------- --------------------------- --------------------- Guaranteed Accumulation Benefit PEP Product 150.00 Guaranteed Accumulation Benefit All Other Products 75.00 AMENDMENT NO. 5 TO AUTOMATIC REINSURANCE AGREEMENT EFFECTIVE AS OF APRIL 1, 2001 AMENDED AND RESTATED AS OF JULY 1, 2004 (Agreement) between METLIFE INVESTORS USA INSURANCE COMPANY (Cedent) and EXETER REASSURANCE COMPANY, LTD. (Reinsurer) The Agreement is hereby amended as follows:
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Related to ACCUMULATION PROGRAM

  • Controlled Accumulation Period The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation Date, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length; provided, that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period, upon written notice to the Indenture Trustee, with a copy to each Rating Agency, the Issuer shall either postpone or accelerate, as applicable, the Controlled Accumulation Date, so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, that the length of the Controlled Accumulation Period will not be less than one (1) month. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment of principal on the Notes and the reduction of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization Amount, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than the lowest weighted average monthly principal payment rate for the Receivables held by the Issuer for the prior twelve (12) Monthly Periods, (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuer. Any notice by the Issuer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 shall specify (i) the Controlled Accumulation Period Length and (ii) the commencement date of the Controlled Accumulation Period.

  • Vacation Accumulation (a) Vacations are not cumulative from year to year. (b) Notwithstanding the above, the Employer may grant a special request from an employee to carryover a maximum of five (5) vacation days into the next year. The employee shall specify in her request to the Employer the purpose for which she is seeking the carryover. (c) During the first year of employment, a full time employee with at least six

  • Variable Accumulation Period The Controlled Accumulation Period is scheduled to commence on the Stated Controlled Accumulation Period Commencement Date; provided, however, that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is different from the Initial Scheduled Controlled Accumulation Period Length, the Servicer, at its option on any Determination Date prior to the commencement of the Controlled Accumulation Period, may elect to modify the date on which the Controlled Accumulation Period actually commences to the last Business Day of any Due Period that precedes the Due Period that is the number of Due Periods prior to the Expected Final Payment Date equal to the Controlled Accumulation Period Length. Such election will be set forth in the Monthly Servicer Certificate. If the Servicer elects to modify the date on which the Controlled Accumulation Period commences pursuant to this Section 19, then on each Determination Date thereafter until the date on which the Controlled Accumulation Period commences the Servicer will recalculate the Controlled Accumulation Period Length; provided, however, that (i) the length of the Controlled Accumulation Period will not be less than the Minimum Controlled Accumulation Period Length and (ii) notwithstanding any other provision of this Series Supplement to the contrary, no election to postpone the commencement of the Controlled Accumulation Period shall be made after a Rapid Amortization Event (as described herein or in the applicable Series Supplement) shall have occurred for so long as it is continuing with respect to any Series in the Group to which the Series established hereby belongs. On each Determination Date, the Servicer will determine the "Controlled Accumulation Period Length" that will equal the number of Due Periods such that the Class Controlled Accumulation Amount for the Due Period related to the Class Expected Final Payment Date, when aggregated with the Class Controlled Accumulation Amounts for each preceding Due Period, will equal or exceed the Series Initial Investor Interest. Any notice by the Servicer electing to modify the commencement of the Controlled Accumulation Period pursuant to this Section 19 shall specify the following as determined on such Determination Date: (i) the Controlled Accumulation Period Length; (ii) the commencement date of the Controlled Accumulation Period; and (iii) the Class Controlled Accumulation Amount with respect to each class of such Series with respect to each Due Period. If the Controlled Accumulation Period Length as recalculated on any such Determination Date exceeds the number of full Due Periods following such Determination Date and preceding the Class A Expected Final Payment Date, the commencement date of the Controlled Accumulation Period will be such Determination Date.

  • Accumulation 1. Originating goods or materials from the territory of a Party, incorporated into a good in the territory of the other Party, shall be considered to be originating in the territory of the other Party. 2. Production carried out by a producer in the territory of a Party may be accumulated with the production of one or more producers in the territory of that Party or the other Party, in such way that the production of the materials incorporated into the good shall be considered as carried out by that producer, provided that the good satisfies the requirements established in Article 3.1 and all other applicable requirements in this Chapter.

  • Sick Leave Accumulation (a) An employee is eligible to accumulate sick leave with full pay at the rate of 16 working hours for each 173 1/3 hours of service. (b) The maximum number of days of sick leave which may be awarded to an employee during any consecutive twenty (20) year period of service shall not exceed 3840 hours.