On each Contract Anniversary Sample Clauses

On each Contract Anniversary. On each Contract Anniversary up to and including the Contract Anniversary immediately following the Covered Life’s [90th] birthday, We will determine if an Automatic Increase in the PB is applicable. If an Automatic Increase is applicable due to market performance, the PB will be adjusted to the greater of the Contract Value prior to the Rider Charge on Contract Anniversary or the then current PB. If a Partial Surrender was taken prior to completing the [fifth] year from the rider effective date and there is an Automatic Increase at a Contract Anniversary due to market performance, the WP will increase if the youngest Covered Life has attained an age that falls within a new WP age band. The Threshold, if applicable, will be equal to [4.5%] multiplied by the PB after the increase. The LBP, if applicable, will be equal to the appropriate WP multiplied by the PB after the increase. No change in the DB occurs.
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On each Contract Anniversary. On each Contract Anniversary up to and including the Contract Anniversary immediately following the Covered Life’s [90th] birthday, We will determine if an Automatic Increase in the PB is applicable. If an Automatic Increase is applicable due to market performance, the PB will be adjusted by an amount not less than zero and not to exceed [10%], as determined by the following factor: (Contract Value prior to Rider Charge taken on Contract Anniversary divided by the Payment Base) - 1 If a Partial Surrender was taken prior to completing the [fifth] year from the rider effective date and there is an Automatic Increase at a Contract Anniversary due to market performance, the WP will increase if the youngest Covered Life has attained an age that falls within a new WP age band. The Threshold, if applicable, will be equal to [4.5%] multiplied by the greater of the PB after the increase and the Contract Value. The LBP, if applicable, is equal to the appropriate WP multiplied by the greater of the PB after the increase and the Contract Value. No change in the DB occurs.
Sample 1Sample 2Sample 3See All (6)

Related to On each Contract Anniversary

  • CONTRACT ANNIVERSARY An anniversary of the Contract Date.

  • Anniversary Date A regular employee’s initial date of current employment with the Employer as a regular employee shall be her anniversary date for the purpose of determining benefits and for the purpose of determining increment anniversary date. (Reference Article 6.05 - Superior Benefits and Article 12.03 - Increments).

  • Term Commencement Date The term of this Agreement shall commence on , 2020 (the “Commencement Date”) and, unless earlier terminated in accordance with the terms of this Agreement, shall end on June 30, 2055 (the “Term”).

  • Anniversary Fee A fully earned, non refundable anniversary fee of Twenty Seven Thousand Five Hundred Dollars ($27,500), payable on the date that is three hundred sixty five (365) days after the Effective Date

  • Holiday Falling on a Scheduled Workday An employee who works on a designated holiday which is a scheduled workday shall be compensated at the rate of double-time for hours worked, plus a day off in lieu of the holiday; except for Christmas and New Year's when the compensation shall be at the rate of double-time and one-half for hours worked, plus a day off in lieu of the holiday.

  • Month A period commencing at 10:00 a.m., Eastern Standard Time, on the first Day of a calendar month and extending until 10:00 a.m., Eastern Standard Time, on the first Day of the next succeeding calendar month. Monthly shall have the correlative meaning.

  • Christmas or New Year's Day Off The Employer agrees to make every reasonable effort to ensure that employees required to work shift shall have at least Christmas Day or the following New Year's Day off.

  • Rest Period After Overtime (a) When overtime work is necessary, it will, wherever reasonably practicable, be so arranged that employees have at least 10 consecutive hours off duty between the work of successive days or shifts, including overtime.

  • Starting Date Unless a specific (fixed) starting date is duly justified and agreed upon during the preparation of the Grant Agreement, the project will start on the first day of the month following the entry info force of the Grant Agreement (NB : entry into force = signature by the Commission). Please note that if a fixed starting date is used, you will be required to provide a detailed justification on a separate note.

  • WORKING DAY BEFORE AUCTION DATE The balance of the purchase price is to be settled within ninety (90) days from the date of auction sale to the Assignee. Bidders please refer to the Online Terms & Conditions on xxx.xxxxxxxxxxxxxxxx.xxx for the manner of payment of the deposit. For further particulars, please contact MESSRS SIDEK XXXX XXXX & XXXXXX, Solicitors for Assignee herein whose address is at Level 16, Menara Bumiputra-Commerce, Xx. 00, Xxxxx Xxxx Xxxx, 00000 Xxxxx Xxxxxx. Tel: 00-0000 0000 / Fax: 00-0000 0000 [Ref:L3546(F).00101702523JCS/YN] or under mentioned Auctioneer. RAJAN AUCTIONEERS SDN. BHD. X. XXXXX Xx.00X, Xxxxxxx Xxxx, Xxxxx Xxxx Xxxxxx, ( Licensed Auctioneer ) 41000 Klang , Selangor Darul Ehsan H/P : 000-0000000 Tel : 00-00000000 / Fax: 00-00000000 H/P : 012-2738109 Our Ref: RA/ABB/STWD/KL/2086-23(sri) PERISYTIHARAN JUALAN DALAM PERKARA PERJANJIAN KEMUDAHAN XXX PENYERAHAN PERJANJIAN BELI JUAL (PIHAK PERTAMA) KEDUA-DUANYA BERTARIKH 09HB APRIL 2019 ANTARA AFFIN BANK BERHAD (197501003274 / 25046-T) PIHAK PEMEGANG SERAHHAK/PIHAK BANK XXX XX XXX XXX ( XX.XX: 810511-05-5658)… PIHAKPENYERAHHAK/PEMINJAM Dalam menjalankan xxx xxx kuasa xxxx diberi kepada Pihak Pemegang Serahhak xxx di bawah Perjanjian Kemudahan xxx Penyarahan Beli Jual (Pihak Pertama) kedua-duanya bertarikh 09hb April 2019, dimasukkan di antara Pihak Pemegang Serahhak xxx Pihak Penyerahhak xxx dalam Perjanjian Jual Beli di antara Pihak Penyerahhak xxx Nusmetro Ampang Sdn Bhd (“Pemaju”) xxx N Jaya Sdn Bhd (‘Penjual’’) xxx Pihak Berkuasa Kemajuan Pekebun Kecil Perusahaan Getah (‘Pemilik”) bertarikh 03hb Januari 2019, adalah dengan ini diisytiharkan bahawa Pihak Pemegang Xxxxx xxx dengan dibantu oleh Xxxxxxxx yang tersebut di bawah. AKAN MENJUAL HARTANAH YANG DIPERIHALKAN DI BAWAH MELALUI LELONGAN AWAM PADA HARI SELASA, 31HB OKTOBER 2023 PADA JAM 11.30 PAGI, DI RAJAN AUCTIONEERS SDN BHD, XX.00X, 0XX XXXXX, XXXXX XXXX XXXXXX, 41000 KLANG, SELANGOR DARUL EHSAN

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