Contract Maturity Date definition

Contract Maturity Date means the date on which the annuity payments described in Part VIII are to commence. The Contract Maturity Date is shown in the Data Pages and is based on the original Annuitant’s date of birth.

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Contract Maturity Date means December 31 of the calendar year in which the Annuitant turns 100 years of age (or, if such day is not a Valuation Date, the next day that is a Valuation Date). If the Contract is a Joint Annuitant Contract, the Contract Maturity Date is determined by reference to the age of the younger Annuitant on the date that the Contract is established or the second Annuitant is designated (whichever occurs later) and will not change if the younger Annuitant predeceases the older Annuitant, nor will it be changed to an earlier date in any other circumstance. Notwithstanding the foregoing, if the Contract is a Locked-in RSP, LIRA, RLSP, LRIF, LIF, PRIF or RLIF, the Contract Maturity Date will be such earlier date as is required in order to comply with pension legislation applicable to the Contract;

Contract Maturity Date has the meaning specified in Section 2.05(b).

Examples of Contract Maturity Date in a sentence

• We will provide notice and election forms to you not more than six months before the Contract Maturity Date.

• Unless otherwise stated in the Data Pages, you may request, pursuant to our procedures then in effect, a withdrawal from the Investment Options before the Contract Maturity Date.

• As of the Contract Maturity Date the Annuity Account Value will be applied to provide for the Normal Form of Annuity Benefit (described below).

• The Contract Maturity Date is shown in the Data Pages, but may be changed by us in conformance with applicable law.

• The adjusted age is the person's age on his or her birthday nearest the Contract Maturity Date.

• You may request commencement of your Annuity Benefit (“Annuity Commencement Date”) before the Contract Maturity Date by written notice to our Processing Office no less than thirteen months or any other period specified in an Endorsement or Rider attached to this Contract, following the Contract Date.

• However, if Segment Participation Requirements have not been met because the Segment Type has been terminated, or if the Segment Maturity Date of that Segment Type would be later than your Contract Maturity Date, the amount to be invested in that Segment will be transferred to the [EQ/Money Market Variable Investment Option].

• The Contract Maturity Date is shown in the Data Pages and is based on the original Annuitant’s date of birth.

• On or before the Contract Maturity Date, you may elect any one of the Annuity Payment Options as described in Section 18.

• Under the Annuity Payment Options, a stream of annuity payments is purchased on the Contract Maturity Date.

More Definitions of Contract Maturity Date

Contract Maturity Date is the date annuity payments commence in the form of an Annuity Payment Option. The Contract Maturity Date is as shown on the Schedule Pages or as later changed. For further details see Section 16.

Contract Maturity Date. ’ means the date on which the Annuity Benefit payments are to commence unless an earlier election is made. See Part VIII.

Contract Maturity Date means, with respect to any BA Rate Loan, the expiry date of the applicable Contract Period. Contract Period shall mean:

Contract Maturity Date means the date on which the annuity payments described in Part VIII are to commence. The Contract Maturity Date is shown in the Data Pages and is based on the original Annuitant's date of birth.

Contract Maturity Date. The latest date Income Plan payments may start. Contract Year: A 365 day period (366 days for a leap year) beginning on the Issue Date and on each Contract Anniversary.