HOW WILL Sample Clauses
The "HOW WILL" clause defines the specific procedures or methods by which certain actions or obligations under the agreement will be carried out. This may include detailing the steps parties must follow to provide notice, deliver goods, or perform services, and can specify formats, timelines, or responsible parties. By clearly outlining the required processes, this clause ensures that all parties understand their responsibilities and reduces the risk of misunderstandings or disputes regarding how contractual duties are to be fulfilled.
HOW WILL. VARIABLE The dollar amount of the initial variable INCOME PAYMENT income payment attributable to each subaccount VALUES BE will be determined by dividing the amount DETERMINED? applied by $1,000, and multiplying the result by the applicable option rate shown in Section 16. The total initial variable income payment is the sum of the initial variable income payments attributable to the subaccount(s). The dollar amount of the subsequent variable income payments attributable to each subaccount will be based on the number of income units credited to the contract for that subaccount and is determined by multiplying (a) by (b), where:
(a) = the number of subaccount income units; and
(b) = the subaccount income unit value for the valuation period immediately preceding the due date of the payment. The number of income units attributable to each subaccount remains fixed unless there is an exchange of income units. The number of income units is derived by dividing that portion of the initial variable income payment attributable to the subaccount by the subaccount's income unit value for the valuation period which ends immediately preceding the payout date. The income unit value for each subaccount was arbitrarily set initially at $100. Thereafter, the income unit value for each subaccount in any valuation period is determined by dividing (a) by (b), then multiplying by (c) and adjusting the result to compensate for the assumed net investment rate for the option selected, where:
a.) is the accumulation unit value for the current valuation period;
b.) is the accumulation unit value for the immediately preceding valuation period; and
c.) is the income unit value for the immediately preceding valuation period. Payments after the initial payment may increase, decrease or remain constant based on whether the actual annualized investment return of the selected subaccount(s) is greater or less than the assumed net investment rate for the option selected. The option rates used to determine the initial variable income payment (shown in Section 16) are based on an assumed net investment rate of 3.50% per year.
HOW WILL. The Lawyers Be Paid?
HOW WILL. IMPLEMENTATION OF THE PROJECT HELP SUSTAIN A BUSINESS THROUGH WHAT COULD POSSIBLY BE A LENGTHY DURATION OF THE COVID-19 PANDEMIC?
HOW WILL. THE SURRENDER For each partial withdrawal and upon full surrender of the contract within the initial CHARGE AND MARKET VALUE index period, the total withdrawal/surrender amount may be reduced by the applicable ADJUSTMENT AFFECT THE surrender charge and adjusted (increased/decreased) for the market value adjustment as WITHDRAWAL AMOUNT? stated above. ================================================================================================================================= SECTION 11. NURSING HOME OR HOSPITAL/TERMINAL ILLNESS WITHDRAWAL PRIVILEGE ================================================================================================================================= NOTICE: THIS WITHDRAWAL PRIVILEGE IS NOT INTENDED TO PROVIDE LONG-TERM CARE OR NURSING HOME INSURANCE.
11.1 WHAT IS THE NURSING HOME We will waive the surrender charge and/or market value adjustment subject to providing OR HOSPITAL/TERMINAL proof that one of the following conditions has occurred: ILLNESS PRIVILEGE?
HOW WILL. FIXED The dollar amount of the initial income INCOME PAYMENT payment will be determined by dividing the VALUES BE DETERMINED adjusted net contract value applied by FOR THESE ADDITIONAL $1,000, and multiplying the result by the INCOME PAYOUT applicable option rate shown in Endorsement OPTIONS? Section 4. Higher current option rates may be available on the payout date and are available upon your request to our home office. Income payments for the remainder of the calendar year in which your payout date occurs will be equal to your initial income payment. The dollar amount of income payments for subsequent calendar years, adjusted for inflation, will be calculated annually and will be effective for the duration of the calendar year. The adjustment for inflation is based on the percentage increase in the Consumer Price Index (defined below) for the 12 month period ending September 30th of the prior calendar year. If the percentage change in the Consumer Price Index is zero or less, your income payments for the upcoming calendar year will remain unchanged. Income payments will never decrease due to an adjustment for inflation under these options.
HOW WILL. I BE NOTIFIED IF If we extend our offer, then we will make WELLS FINANCIAL EXTENDS a public announcement before 9:00 a.m., THIS OFFER? New York City Time, on the first business day after the scheduled expiration date. See "The Offer - 12.