Common use of Benefit Increases Clause in Contracts

Benefit Increases. Commencing on the first anniversary of the first benefit payment, and continuing on each subsequent anniversary, the benefit shall be increased by the percentage increase in the Consumer Price Index for the calendar year ending immediately prior to said anniversary date for the same period with a minimum annual increase of 3% and a maximum annual increase of 5%.

Benefit Increases. Commencing on the first anniversary of the first benefit payment, and continuing on each subsequent anniversary, the annual benefit shall will be increased by the percentage increase in the Consumer Price Index for the calendar year ending immediately prior to said anniversary date for the same period with a minimum annual increase of 3% and a maximum annual increase of 5%Index.

Benefit Increases. Commencing on the first anniversary of the first benefit payment, and continuing on each subsequent anniversary, the annual benefit shall be increased increase by the percentage increase in the Consumer Price Index for the calendar year ending immediately prior to said anniversary date for the same period with a minimum annual increase of 3% and a maximum annual increase of 5%Index.

Benefit Increases. Commencing on the first anniversary of the first benefit payment, and continuing on each subsequent anniversary, the Company's Board of Directors shall increase the annual benefit shall be increased by the percentage increase in the Consumer Price Index for the calendar year ending immediately prior to said anniversary date for the same period with a minimum annual increase of 3% and a maximum annual increase of 5%Index.