Contract Date Anniversary definition

Contract Date Anniversary means the last day of the Contract Year unless otherwise stated in the Data Pages. For purposes of any transaction, including the deduction of a charge, provided under the terms and conditions of this Contract which occurs on a Contract Date Anniversary, if the Contract Date Anniversary is on a non-Business Day, then the Transaction Date for such transaction will be the Business Day immediately preceding the Contract Date Anniversary.
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Contract Date Anniversary means the last day of the Contract Year unless otherwise stated in the Data Page(s).
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Examples of Contract Date Anniversary in a sentence

  • If in any calendar year such date is not a Valuation Date, any transactions that should have occurred on the Contract Date Anniversary will be processed by Us on the first Valuation Date following that Contract Date Anniversary.

  • A Contract Date Anniversary is the last day of the Contract Year.

  • CONTRACT YEAR -- Each twelve-month period starting with the Contract Date on the Contract Specifications and starting with each Contract Date Anniversary thereafter.

  • Subsequent Contract Years begin on each Contract Date Anniversary thereafter.

  • If the Contract Date Anniversary is not a Business Day, then the Processing Date is the first Business Day thereafter.

  • However, the Owner may Request to receive payments under an Annuity Payment Option any time after the first Contract Date Anniversary upon Notice to Us.

  • However, the Owner may Request to receive payments under an Annuity Payment Option any time after the first Contract Date Anniversary but prior to the Maturity Date upon Notice to Us. At the time an Annuity Payment Option is selected under the provisions of this Contract, the Owner may Request to have the Contract Value applied to provide a Variable Annuity Payment, a Fixed Annuity Payment, or a combination Fixed and Variable Annuity Payment.

  • The GAWA may increase due to a Ratchet Increase on the Contract Date Anniversary, but will not decrease unless you take an Excess Withdrawal (discussed below).

  • The Ratchet Base is recalculated on each Contract Date Anniversary to equal the greater of the Annuity Account Value and the immediately previous Ratchet Base.

  • The Qualifying Surviving Spouse Joint Life GWBL BCO is the Beneficiary Continuation Option under the Section, “Beneficiary Continuation Option”, with the following conditions: If applicable, the Ratchet Base will ratchet on the Contract Date Anniversary.