Number of Annuity Units Sample Clauses

Number of Annuity Units. The number of Annuity Units in each Division under a variable payment plan is determined by dividing the amount of the first payment payable from the Division by the Annuity Unit value for the Division at the close of business on the effective date of the variable payment plan. The number of Annuity Units will not be changed by any subsequent change in the dollar value of Annuity Units.
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Number of Annuity Units. The number of annuity units payable under each income change method from each investment account are shown on page 3. The number of annuity units payable will be modified by any transfers or switches you make.
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Number of Annuity Units. The number of annuity units for any series is determined by dividing the first year monthly payment by the separate account annuity unit value for that series for the valuation period that includes the settlement date. The number of annuity units thus determined will not change unless the participant converts annuity units from one series to another. Such annuity units converted will be based on the same assumed investment return.
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Number of Annuity Units. If a Variable Annuity is payable, each annuity payment is defined in terms of annuity units. The total amount payable is the sum of the payments from each subaccount. The number of annuity units payable from any subaccount is equal to:
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Number of Annuity Units. If a Variable Annuity is payable, each annuity payment is defined in terms of annuity units. The total amount payable is the sum of the payments from each subaccount. The number of annuity units payable from any subaccount is equal to: The dollar amount of the first annuity payment provided by that subaccount; Divided by The annuity unit value for that subaccount (See Section 9.3) on the Valuation Day on which the first payment is calculated. After the first payment, the number of annuity units payable from each subaccount will not change unless you request a change in allocation as provided in Section 8.3 or a reduction factor applies under Option 5V of Section 11.2. The dollar amount payable from any subaccount will be equal to: The number of units payable from that subaccount; Multiplied by The annuity unit value for that subaccount on the Valuation Day on which the payment is calculated.
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Number of Annuity Units. The number of units for the subaccount of each investment account you have chosen is The amount of the first variable annuity payment attributable to that subaccount divided by The value of Annuity Unit for the subaccount as of the Annuity Date. The number is fixed except for adjustments for subaccount transfers. Adjustments will be made as of the valuation period in which we receive all requirements for the transfer, as appropriate.
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Number of Annuity Units. 00 5.03 Optional Annuity Date and Optional Settlement.................................... 00 2.06
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Number of Annuity Units. 11 5.03 Optional Annuity Date and Optional Settlement........................ 8 5.06 Options on Date of Cessation of Purchase Payments.................... 8 2.06
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Related to Number of Annuity Units

  • Death of Annuitant If the natural Owner and Annuitant are different, and the Annuitant dies before the Annuity Date, the Owner becomes the Annuitant until the Owner elects a new Annuitant. If there are Joint Annuitants, upon the death of any Annuitant prior to the Annuity Date, the Owner may elect a new Joint Annuitant. However, if the Owner is a non-natural person, We will treat the death of any Annuitant as the death of the "Primary Annuitant" and as the death of the Owner, see DEATH PROVISIONS.

  • Death Benefit Should Employee die during the term of employment, the Company shall pay to Employee's estate any compensation due through the end of the month in which death occurred.

  • ANNUITY OPTIONS The following Annuity Options are available under this Contract. Additional options may become available in the future:

  • Life Annuity The monthly annuity shall be payable to the annuitant for as long as the annuitant lives, and shall end with the last monthly payment before the death of the annuitant.

  • Fixed Annuity 10 1.16 Fund(s) ........................................................... 10 1.17

  • Accrued Benefit 1.05 1.16 Nonforfeitable ............................................. 1.05 1.17 Plan Year/Limitation Year .................................. 1.05 1.18 Effective Date ............................................. 1.05 1.19 Plan Entry Date ............................................ 1.05 1.20

  • Share Class Annual Compensation Rate Class R-1 1.00% Class R-2 0.75% Class R-2E 0.60% Class R-3 0.50% Class R-4 0.25% Class R-5 No compensation paid Class R-5E No compensation paid Class R-6 No compensation paid

  • Survivor Benefit Upon the death of a regular employee who leaves a spouse and/or dependants enrolled in the Medical Services Plan, Dental Plan and Extended Health Benefit Plan, such enrolment may continue for twelve (12) months following the employee’s death, provided the enrolled family members pay the employee’s share of the cost of the premium for the plans. The Employer shall advise the survivor of this benefit.

  • 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:

  • Partial or No Exercise of the Over-allotment Option In the event the Over-allotment Option granted to the underwriters of the IPO is not exercised in full, the Subscriber acknowledges and agrees that it (or, if applicable, it and any transferees of Shares) shall forfeit any and all rights to such number of Shares (up to an aggregate of 750,000 Shares and pro rata based upon the percentage of the Over-allotment Option exercised) such that immediately following such forfeiture, the Subscriber (and all other initial stockholders prior to the IPO, if any) will own an aggregate number of Shares, not including Shares issuable upon exercise of any warrants or any Common Stock purchased by Subscriber in the IPO or in the aftermarket equal to 20% of the issued and outstanding Shares immediately following the IPO.

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