FIXED PAYMENT OPTION Sample Clauses

FIXED PAYMENT OPTION. This option provides for Annuity Payments of a fixed amount selected by the Owner. This amount is paid until Contract Value is exhausted. If the Contract Value is held in the Fixed Account, then the number of Annuity Payments will vary as a result of the interest rate (as adjusted periodically) credited on Fixed Account Contract Value. This rate is guaranteed to be no less then the Guaranteed Rate set forth on page 3. If the Contract Value is held in the Separate Account, then the number of Annuity Payments will vary as a result of the investment performance of the Subaccounts chosen. If the Annuitant dies before receiving all of the Annuity Payments, any remaining Annuity Payments will be made to the Designated Beneficiary.
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FIXED PAYMENT OPTION. This option provides a fixed payment amount. This amount is paid until the amount applied, including daily interest adjustments, is paid. If the Contract Value is held in the General Account, then the number of payments will vary as a result of the interest rate (as adjusted periodically) credited on the General Account. This rate is guaranteed to be no less than the Guaranteed Rate shown on page 3. If the Contract Value is held in the Separate Account, then the number of payments will vary as a result of the investment performance of the Series chosen. If the Participant dies before receiving all the payments, any remaining payments will be made to the Designated Beneficiary.
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FIXED PAYMENT OPTION. This option provides a fixed payment amount. This amount is paid until the amount applied, including daily interest adjustments, is paid. If the Contract Value is held in the Fixed Account, then the number of payments will vary as a result of the interest rate (as adjusted periodically) credited on the Fixed Account. This rate is guaranteed to be no less than the Guaranteed Rate shown on page 3. If the Contract Value is held in the Separate Account, then the number of payments will vary as a result of the investment performance of the Subaccounts chosen. If all the Annuitants die before receiving all the payments, any remaining payments will be made to the Designated Beneficiary. -------------------------------------------------------------------------------- ANNUITY PAYMENT PROVISIONS (CONTINUED) -------------------------------------------------------------------------------- ANNUITY OPTIONS (cont'd) OPTION 7 AGE RECALCULATION OPTION: This option provides for payments based upon the Annuitant's life expectancy, or the joint life expectancies of the Annuitant and a beneficiary, at the Annuitant's attained age (and the Annuitant's beneficiary's attained or adjusted age, if applicable) each year. The payments are computed by reference to actuarial tables prescribed by the Treasury Secretary. Payments are made until the amount applied is exhausted. If the Contract Value is held in the Fixed Account, then the number of payments will vary as a result of the interest rate (as adjusted periodically) credited on the Fixed Account. This rate is guaranteed to be not less than the Guaranteed Rate shown on page 3. If the Contract Value is held in the Separate Account, then the number of payments will vary as a result of the investment performance of the Subaccounts chosen. If all the Annuitants die before receiving the remaining payments, such payments will be made to the Designated Beneficiary.
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FIXED PAYMENT OPTION. This option provides a fixed payment amount. This amount is paid until the amount applied, including daily interest adjustments, is paid. If the Contract Value is held in the Fixed Account, then the number of payments will vary as a result of the interest rate (as adjusted periodically) credited on the Fixed Account. This rate is guaranteed to be no less than the Guaranteed Rate shown on page 3. If the Contract Value is held in the Separate Account, then the number of payments will vary as a result of the investment performance of the Subaccounts chosen. If all the Annuitants die before receiving all the payments, any remaining payments will be made to the Designated Beneficiary. ANNUITY TABLES TABLE A SETTLEMENT OPTIONS ONE, TWO, AND THREE MINIMUM INITIAL MONTHLY INSTALLMENTS PER $1,000 OF AMOUNT APPLIED Adjusted Option One Option Two Option Three Age Life Year Fixed Period Ends Unit of Annuitant Only 5 10 15 20 Refund ------------------ --------------- -------------- ------------- -------------- ------------- ---------------- UNISEX 55 4.54 4.53 4.51 4.46 4.38 4.40 56 4.62 4.61 4.58 4.53 4.44 4.47 57 4.71 4.70 4.66 4.60 4.51 4.54 58 4.80 4.79 4.75 4.68 4.57 4.62 59 4.90 4.88 4.84 4.76 4.64 4.70 60 5.00 4.99 4.93 4.84 4.70 4.78 61 5.11 5.09 5.03 4.93 4.77 4.87 62 5.23 5.21 5.14 5.02 4.84 4.96 63 5.36 5.33 5.25 5.12 4.91 5.06 64 5.49 5.46 5.37 5.21 4.98 5.17 65 5.64 5.60 5.50 5.31 5.05 5.28 66 5.79 5.75 5.63 5.42 5.12 5.39 67 5.95 5.91 5.77 5.53 5.19 5.52 68 6.13 6.08 5.91 5.63 5.25 5.65 69 6.32 6.26 6.07 5.74 5.32 5.79 70 6.53 6.46 6.23 5.86 5.37 5.94 71 6.75 6.67 6.40 5.97 5.43 6.09 72 6.99 6.89 6.58 6.08 5.48 6.26 73 7.26 7.13 6.76 6.18 5.52 6.44 74 7.54 7.39 6.95 6.29 5.57 6.63 75 7.85 7.67 7.14 6.39 5.60 6.83 Values not shown will be provided upon request. Annual, semiannual, or quarterly installments can be determined by multiplying the monthly installments by 11.812853, 5.9572227, and 2.9914196 respectively. TABLE B SETTLEMENT OPTION FOUR MINIMUM INITIAL MONTHLY INSTALLMENT PER $1,000 OF AMOUNT APPLIED ADJUSTED AGE OF PRIMARY ADJUSTED AGE OF SECONDARY ANNUITANT ANNUITANT 55 60 62 65 70 75 ---------------------------------- ------------ ----------- ----------- ------------ ----------- ------------- 55 4.05 4.18 4.23 4.29 4.38 4.44 60 4.18 4.37 4.45 4.55 4.70 4.81 62 4.23 4.45 4.53 4.65 4.84 4.98 65 4.29 4.55 4.65 4.81 5.05 5.26 70 4.38 4.70 4.84 5.05 5.43 5.77 75 4.44 4.81 4.98 5.26 5.77 6.32 Values not shown will be provided upon request.
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FIXED PAYMENT OPTION. This option provides a fixed payment amount. This amount is paid until the amount applied is paid. The number of payments will vary as a result of the investment performance of the Subaccounts chosen. If all the Annuitants die before receiving all the payments, any remaining payments will be made to the Designated Beneficiary.
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FIXED PAYMENT OPTION. Proceeds originating in the Fixed Account are applied to a Payment Option providing a fixed monthly benefit. The dollar amount of the annuity payments is determined by applying those proceeds in the Fixed Account to the applicable annuity table. These annuity payments are fixed and do not change from month to month. On the Option Effective Date, the proceeds from each Sub-Account are applied to the selected Payment Option independently to determine the initial amount of monthly payment associated with each Sub-Account. The dollar amount of the first monthly payment made from each Sub-Account is then divided by the Annuity Unit Value for that Sub-Account on the Option Effective Date to determine the number of units of each annuity payment associated with that Sub-Account. Except as may be affected by the transfer of units between Sub-Accounts, the number of units remains fixed for the entire payment period. The dollar values of subsequent payments made from individual Sub-Accounts are determined by multiplying the fixed number of units in each Sub-Account by its Annuity Unit Value on the date of payment. The total monthly payment made from a Payment Option on a variable basis is the sum of the monthly payments made from each Sub-Account. The Mortality and Expense Risk Charge and the Administration Charge remain applicable while a Variable Payment Option is operational, as they are reflected in the determination of the Annuity Unit Value. No Annual Contract Fee or Rider Charges continue during a Payment Option.
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FIXED PAYMENT OPTION. This option provides a fixed payment amount. This amount is paid until the amount applied, including daily interest adjustments, is paid. If the Contract Value is held in the Fixed Account, then the number of payments will vary as a result of the interest rate (as adjusted periodically) credited on the Fixed Account. This rate is guaranteed to be no less than the Guaranteed Rate shown on page 3. If the Contract Value is held in the Separate Account, then the number of payments will vary as a result of the investment performance of the Subaccounts chosen. If all the Annuitants die before receiving all the payments, any remaining payments will be made to the Designated Beneficiary. V6022 I (10-94) ANNUITY TABLES -------------------------------------------------------------------------------- TABLE A SETTLEMENT OPTIONS ONE, TWO, AND THREE MINIMUM INITIAL MONTHLY INSTALLMENTS PER $1,000 OF AMOUNT APPLIED
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FIXED PAYMENT OPTION. This option provides a fixed payment amount. This amount is paid until the amount applied, including daily interest adjustments, is paid. If the Contract Value is held in the General Account, then the number of payments will vary as a result of the interest rate (as adjusted periodically) credited on the General Account. This rate is guaranteed to be no less than the Guaranteed Rate shown on page 3. If the Contract Value is held in the Separate Account, then the number of payments will vary as a result of the investment performance of the Series chosen. If the Participant dies before receiving all the payments, any remaining payments will be made to the Designated Beneficiary. 22 GV6322K (9-97) -------------------------------------------------------------------------------- ANNUITY PAYMENT PROVISIONS (CONTINUED) -------------------------------------------------------------------------------- OPTION 7 PERIOD CERTAIN OPTION: This option provides payments for a fixed period of 5, 10, 15 or 20 years. Payments will be made until the end of this period. If the Participant dies prior to the end of the period, the remaining payments will be made to the Designated Beneficiary. Table C shows some of the guaranteed rates for this option. OPTION 8 JOINT AND CONTINGENT SURVIVOR OPTION: This option provides payments for the life of the Participant. Payments will be made to the Participant as long as he or she is living. Upon the death of the Participant, payments will be made to a second person named by the Participant as long as he or she is living. If such person is not living upon the death of the Participant, no further payments will be made. Table B shows some of the guaranteed rates for this option.
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Related to FIXED PAYMENT OPTION

  • Deferred Payment “Deferred Payment” means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits, that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Payment Options The exercise price shall be paid by one or any combination of the following forms of payment that are applicable to this option, as indicated on the cover page hereof:

  • Deferred Payments “Deferred Payments” means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries), that in each case, when considered together, are considered deferred compensation under Section 409A.

  • CASH SETTLEMENT OPTION The undersigned Existing Tranche D Term Lender hereby irrevocably and unconditionally approves of, and consents to, the Amendment and having 100% of the outstanding principal amount of the Tranche D Term Loans held by such Existing Term Lender repaid on the Fourth Amendment Effective Date and to purchase by assignment Tranche E Term Loans in a like principal amount. By choosing this option, each undersigned Lender hereby acknowledges and agrees that the Administrative Agent may, in its sole discretion, elect not to allocate to such Lender or to allocate less than 100% of the principal amount of such Lender’s Tranche D Term Loans in Tranche E Term Loans. WESPATH FUNDS TRUST By: Credit Suisse Asset Management, LLC, the investment adviser for UMC Benefit Board, Inc., the trustee for Wespath Funds Trust By: /s/ Txxxxx Xxxxxxxx Name: Txxxxx Xxxxxxxx Title: Managing Director If a second signature is necessary: By: Name: Title: Name of Fund Manager (if any): Credit Suisse Asset Management, LLC þ CASHLESS ROLLOVER OPTION Each undersigned Existing Tranche D Term Lender hereby irrevocably and unconditionally approves of, and consents to, the Amendment and the exchange (on a cashless basis) of 100% of the outstanding principal amount of the Tranche D Term Loans held by such Lender for a Tranche E Term Loan in a like principal amount. By choosing this option, each undersigned Lender hereby acknowledges and agrees that the Administrative Agent may, in its sole discretion, elect not to exchange any amount of such Lender’s Tranche D Term Loans for Tranche E Term Loans or to exchange (on a cashless basis) less than 100% of the principal amount of such Lender’s Tranche D Term Loans for Tranche E Term Loans, in which case the difference between the current principal amount of such Lender’s Tranche D Term Loans and the allocated principal amount of Tranche E Term Loans will be prepaid on, and subject to the occurrence of, the Fourth Amendment Effective Date.

  • PAYMENT TERMS/PRE-PAYMENT/QUANTITY DISOUNTS If discounts for accelerated payment, pre-payment, progress payment, or quantity discounts are offered, they must be clearly indicated in the Contractor’s submission prior to contract award. The applicability or acceptance of these terms is at the discretion of the Customer.

  • Returned Payment Fee If your account is subject to a Returned Payment Fee, the fee will be charged to your account when a payment is returned for any reason.

  • Yield Payments On the Settlement Date for each Purchaser Interest of the Financial Institutions, Seller shall pay to the Agent (for the benefit of the Financial Institutions) an aggregate amount equal to the accrued and unpaid Yield for the entire Tranche Period of each such Purchaser Interest in accordance with Article II.

  • Misdirected Payments To the extent there are any misdirected funds forwarded to Seller (or any of its Affiliates, if any) by any third parties, which misdirected funds are paid in respect of the performance of services by or on behalf of the Hospital from and after the Closing Date or with respect to the Accounts Receivable or other Acquired Assets, Seller shall remit such misdirected funds to Buyer within ten (10) Business Days after receipt thereof, to an account designated by Buyer.

  • Optional Principal Payments 11 2.8 Method of Selecting Types and Interest Periods for New Advances..........................................12 2.9 Conversion and Continuation of Outstanding Advances......................................................12 2.10 Changes in Interest Rate, etc...........................................................................12 2.11

  • Payment of Option Price The purchase price of Common Stock upon exercise of this Option shall be paid in full to the Corporation at the time of the exercise of the Option in cash or by the surrender to the Corporation of shares of previously acquired Common Stock which shall have been held by the Participant for at least six (6) months and which shall be valued at Fair Market Value on the date the Option is exercised, or by a combination of cash and such Common Stock.

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