CONTRACT MATURITY DATE Clause Samples
The Contract Maturity Date clause defines the specific date on which the obligations and terms of the contract are set to conclude. This clause typically specifies when final payments are due, when services or goods must be delivered, or when the contractual relationship formally ends. By clearly establishing the endpoint of the agreement, it provides certainty for both parties regarding their responsibilities and helps prevent disputes over ongoing obligations or extensions beyond the agreed period.
CONTRACT MATURITY DATE. The Contract Maturity Date is shown in the Data Pages but may be changed by us in conformance with applicable law.
CONTRACT MATURITY DATE. The Contract Maturity Date is shown in the Data Pages, but may be changed by us in conformance with applicable law. You may request commencement of your Annuity Benefit (“Annuity Commencement Date”) before the Contract Maturity Date by written notice to our Processing Office no less than thirteen months or any other period specified in an Endorsement or Rider attached to this Contract, following the Contract Date. You may also request a different Annuity Commencement Date by written request at our Processing Office. Such request must be received by our Processing Office at least [60] days prior to the Annuity Commencement Date you request.
CONTRACT MATURITY DATE. ‘‘Contract Maturity Date’’ means the date on which the Annuity Benefit payments are to commence unless an earlier election is made. See Part VIII.
CONTRACT MATURITY DATE. ‘‘Contract Maturity Date’’ means the date on which the annuity payments described in Part VIII are to commence. The Contract Maturity Date is shown in the Data Pages and is based on the original Annuitant’s date of birth.
CONTRACT MATURITY DATE. Unless you request a different date when you apply for the contract or otherwise notify us in writing, the Contract Maturity Date will be the Maximum Contract Maturity Date. The Maximum Contract Maturity Date will be the later of (a) and (b), where (a) is ten years after the Contract Issue Date and (b) is the earlier of
(i) and (ii) below, where:
(i) is the Contract Anniversary following the date the oldest Owner attains the Maximum Annuitization Age, SAMPLE
(ii) is the Contract Anniversary following the date the oldest Annuitant attains the Maximum Annuitization Age. You may, by written request, change your Contract Maturity Date at any time before 30 days prior to the current Contract Maturity Date. The new Contract Maturity Date must be on or before the Maximum Contract Maturity Date and may not be earlier than the first Contract Anniversary. If this contract is issued in a qualified plan or IRA, the Contract Maturity Date may be modified pursuant to requirements set forth in the Internal Revenue Code.
CONTRACT MATURITY DATE. The Contract Maturity Date is shown in the Schedule Pages and is the date when annuity payments will commence. The Contract Maturity Date is the earlier of (i) and (ii) below:
(i) = the Contract Anniversary following the date the oldest Owner attains the Owner Annuitization Age,
(ii) = the Contract Anniversary following the date the oldest Annuitant attains the Annuitant Annuitization Age. If this contract is issued in a qualified plan or ▇▇▇, the Contract Maturity Date may be modified pursuant to requirements set forth in the Internal Revenue Code.
CONTRACT MATURITY DATE. If your Accumulation Value is greater than zero and you have reached the Contract Maturity Date under the base contract, you have the option to exchange the Accumulation Value for monthly lifetime payments equal to one-twelfth of the Annual Benefit Amount in lieu of applying the Accumulation Value to one of the annuity payment options offered under the base contract.
CONTRACT MATURITY DATE. Unless you specify otherwise, the Contract Maturity Date will be set to the Maximum Maturity Date. The Maximum Maturity Date will be equal to the later of (a) and (b), where (a) is ten years from the Contract Issue Date and (b) is the earlier of (i) and (ii) below, where:
(i) = the Contract Anniversary following the date the oldest Owner attains the Maximum Owner Annuitization Age,
(ii) = the Contract Anniversary following the date the named Annuitant attains the Maximum Annuitant Annuitzation Age. You may, by written request, change your Contract Maturity Date at any time prior to 30 days prior to the current Contract Maturity Date. The new Contract Maturity Date must be on or before the Maximum Maturity Date as defined in Section 2 and may not be earlier than the first Contract Anniversary. If no change request is received by us, the Contract Maturity Date will be as shown in the Schedule Pages. If this contract is issued in a qualified plan or IRA, the Contract Maturity Date may be modified pursuant to requirements set forth in the Internal Revenue Code.
CONTRACT MATURITY DATE. Unless you specify otherwise, the Contract Maturity Date will be set to the M aximum Maturity Date. The Maximum Maturity Date will be equal to the later of (a) and (b), where (a) is ten years from the Contract Issue Date and (b) is the earlier of (i) and (ii) below, where:
(i) = the Contract Anniversary following the date the oldest Owner attains the Maximum Owner Annuitization Age,
(ii) = the Contra ct Anniversary following t he date the named ▇▇▇ uitant attains the Maximum Annuitant Annuitzation Age. You may, by written requ est, change your Contract Maturity Date at any time prior to 30 d ays prior to the current Contract Maturity Date. The new Contract Maturity Date must be on or before t he Maximum Maturity Date as defined in Section 2 and may not be earlier than the first Contra ct Anniversary. If no change request is received by us, the Contract Maturity Date will be as shown in the Schedule Pages. If this contract is issued in a qualified plan or IRA, the Contract Maturity Date may be modified pursuant to requirements set forth in the Internal Revenue Code. If the amount to be appli ed on the Contract Maturity Date would result in monthly payments of less th an SAMPLE $20, we shall have the right to pay such amount to you in one lump sum in lieu of providing such annuity. We also have the rig ht to ch ange the annuity pa yment frequency to ▇▇▇ ual if the mo nthly annuity payment would otherwise be less than $20. SAMPLE
CONTRACT MATURITY DATE. Unless you specify otherwise, the Maturity Date for this contract will be set to the Maximum Maturity Date. You may, by written request, change your Contract Maturity Date at any time within 30 days prior to the Contract Maturity Date. The new Contract Maturity Date must be on or before the Maximum Maturity Date as defined in Section 2. If no change request is received by us, the Contract Maturity Date will be as shown in the Schedule Pages. If this contract is issued in a qualified plan, it will continue to be considered tax qualified following a change in Contract Maturity Date, in accordance with the Internal Revenue Code.