Annuitized Value definition

Annuitized Value means the value of the Director’s Accrued Benefit increased by monthly compounding using the Interest Factor and expressed as a stream of annual benefit payments.
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Annuitized Value. The amount to be annuitized on the Annuity Date (the "Annuitized Value") is the Net Certificate Value on the Valuation Day on or next following the Annuity Date. An Early Withdrawal Charge will be assessed at the Annuity Date, if applicable. This charge will be waived if the Annuity Date is the latest allowed, if the Annuity Option chosen contains life contingencies, or the Annuity Option is for [5] years or more with no ability to commute the remaining payments.
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Annuitized Value. The amount applied to purchase annuity payments under the contract, equal to the contract value adjusted by any market value adjustment and less any applicable taxes. "ANNUITY DATE" The date on which annuity payments are scheduled to begin.
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Examples of Annuitized Value in a sentence

  • An annual benefit equal to 75% of Final Compensation at retirement, less 50% of the Social Security Benefit and the Single Life Annuitized Value of the Executive's account balances derived from employer provided contributions under all qualified and non-qualified defined contribution plans maintained by the Bank.

  • Your Annuitized Value is the amount applied to purchase Annuity Payments under the Annuity Payment Option.

  • If, on the Maturity Date, the Annuitized Value is less than the Minimum Annuitized Value stated in the Contract Specifications page, the Company will pay You the Annuitized Value in a lump sum.


More Definitions of Annuitized Value

Annuitized Value. The amount applied to purchase annuity payments under the contract, equal to the contract value adjusted by any market value adjustment and less any applicable taxes. "annuity date" The date on which annuity payments are scheduled to begin. "annuity unit" A unit of measurement which we use to calculate the amount of variable annuity payments.
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Related to Annuitized Value

  • Interest Valuation Date means each date set out in the table below in the column entitled “Interest Valuation Dates”.

  • Salvage value means the amount received for property retired, less any expenses incurred in connection with the sale or in preparing the property for sale, or, if retained, the amount at which the material recoverable is chargeable to materials and supplies, or other appropriate account.

  • Capitalized Value means, as of any date, Annualized EBITDA divided by the Capitalization Rate.

  • RI Value means, in respect of a Reference Item and a ST Valuation Date, (i) the RI Closing Value for such Reference Item in respect of such ST Valuation Date, divided by (ii) the relevant RI Initial Value (expressed as a percentage).

  • Average Contract Value means the higher of (inclusive of carbon tax but exclusive of goods and services tax) the (i) average of the total amount payable by the Consumer to the Retailer based on the average electricity consumption of three (3) months (before the date of termination) or (ii) the total amount payable by the Consumer to the Retailer based on the Declared Monthly Consumption.