Common use of Equal payments Clause in Contracts

Equal payments. The insurer guarantees that Pension payments will be periodic, of equal amounts which will not vary, unless each payment is uniformly increased in accordance with an index or a rate provided for in the annuity contract or uniformly adjusted by reason of a seizure affected on the Annuitant's benefits, a redetermination of the Annuitant's pension, a partition of the Annuitant's benefits in favour of his/her Spouse, or by reason of the election provided for in subparagraph 3 of the first paragraph of section 93 of the Québec Act.

Equal payments. The insurer guarantees that Pension payments will be periodic, of equal amounts which will not vary, unless each payment is uniformly increased in accordance with an index or a rate provided for in the annuity contract or uniformly adjusted by reason of a seizure affected on the Annuitant's ’s benefits, a redetermination of the Annuitant's ’s pension, a partition of the Annuitant's ’s benefits in favour of his/her Spouse, or by reason of the election provided for in subparagraph 3 of the first paragraph of section 93 of the Québec Act.