Income Period definition

Income Period means the first income period or the second income period as the case may be;
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Income Period means the period specified in the Schedule, during which the Income Instalment is payable. The Income Pe- riod commences immediately after the Policy Term.
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Income Period has the meaning given to it in the Service Agency Agreement. "Income PIK Amount" has the meaning given to it in the Service Agency Agreement.
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Examples of Income Period in a sentence

  • The amount of the Income Payments you receive during the Income Period from an Income Payment option will remain level for the entire Income Period, subject to the payout chosen.

  • The Contract, like all deferred annuity contracts, has two periods: the Accumulation Period and the Income Period.

  • If the Owner (or a Joint Owner), is not the Annuitant, and dies during the Income Period, any remaining guaranteed payments under the Annuity Option elected will continue at least as rapidly as under the method of distribution in effect at the time of the Owner’s (or Joint Owner’s) death, but in all events in accordance with applicable tax law requirements.

  • Guaranteed Survival Benefit, expressed as percentage of Annualized Premium, varies on the basis of chosen Plan Option, Age at entry, Premium Paying Term, Deferment Period, Income Period and Premium Band.Maturity BenefitMaturity Benefit is not applicable for this Plan OptionDeath BenefitOn death of Life Insured anytime during the Policy Term while the policy is in-force on the date of death.

  • A series of payments made by us during the Income Period, which we guarantee as to dollar amount.

  • The default option under the Policy to receive the Guaranteed Survival Benefit is on an annual basis.The Policyholder will have an option to change the survival Income Payout Frequency from annual to monthly or from monthly to annual at any time before the commencement of Income Period.

  • Upon the death of the Owner (or a Joint Owner) during the Income Period, the Beneficiary becomes entitled to exercise the rights of the Owner.

  • This Grace Period applies to all premium payment modes (Premium Frequency) Guaranteed Survival Benefit means the benefit amount as specified in your schedule w.r.t Plan Option 1, 2 and 3 that shall be payable during the Income Period in installments as per the Income Payout Frequency chosen Income Payout Frequency means the mode in which the Guaranteed Survival Benefit shall be paid out during the Income Period.

  • Income Period means the period specified in the schedulew.r.t. Plan Option 1, 2 and 3 during which the Guaranteed Survival Benefit is payable.

  • The same needs to be intimated to the Com- pany during the Income Period.


More Definitions of Income Period

Income Period means a financial year or shorter period of time determined by the Board.
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Income Period means the period specified in the Schedule, w.r.t. Variants 1, 2, 3 and 4, during which the Income Instalment is payable, and the period commences after the Premium Payment Term and the Deferment Period, if any, and ends at the end of the Policy Term.
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Income Period means the period which starts on the date of the first Income Withdrawal and continues until the termination of the Rider. Income Withdrawal means a Partial Surrender equal to the Income Withdrawal Amount. Income Withdrawal Amount means the maximum amount that can be withdrawn each Contract Year for the life of the Owner(s) and before termination of the Rider, even if the Accumulation Value is zero. Income Withdrawal Percentage means the percentage applied to the Benefit Base to determine the Income Withdrawal Amount. The Income Withdrawal Percentage is based on the attained Age of the Owner at the start of Income Withdrawals. If there are Joint Owners, or Income Withdrawals based on two lives, the Income Withdrawal Percentage is based on the younger person’s attained Age. The Income Withdrawal Percentages can be found on the Income Benefit Rider Data Page. Minimum Age for Income Withdrawals means the youngest attained Age at which the Owner can elect to start Income Withdrawals. If Income Withdrawals are based on two lives, both must meet the minimum age requirement to start Income Withdrawals under the Rider. Rider means this Income Benefit Rider, in its entirety, which is attached to the Contract.
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Income Period has the meaning given to it in the Service Agency Agreement.
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Income Period has the meaning given to it in the Holdco Common Terms Agreement;
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Related to Income Period

  • Three-Year Period means, with respect to a Restatement, the three completed fiscal years immediately preceding the date that the Board, a committee of the Board, or the officer or officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare such Restatement, or, if earlier, the date on which a court, regulator or other legally authorized body directs the Company to prepare such Restatement. The “Three-Year Period” also includes any transition period (that results from a change in the Company’s fiscal year) within or immediately following the three completed fiscal years identified in the preceding sentence. However, a transition period between the last day of the Company’s previous fiscal year end and the first day of its new fiscal year that comprises a period of nine to 12 months shall be deemed a completed fiscal year.

  • Peak Period means the time between 6 a.m. and 10 p.m. (April through September) or between 7 a.m. and 11 p.m. (October through March) on all days except Saturdays and Sundays, which daily time period will be subject to change from time to time at the Company's option. This change would occur after no less than ten (10) days notice has been given to all Customers who would be affected, and to the Commission.

  • Experience period means the most recent period of time for which experience is reported, but not for a period longer than three (3) full years. (7-1-93)

  • Compensation Period has the meaning specified in Section 2.12(c)(ii).

  • Production Period is the period that for winter cereal advances commences October 1, 2021 and terminates September 30, 2023; for advances on all other field crops, honey, hogs, goats, sheep and lambs commences April 1, 2022 and terminates September 30, 2023; and for advances on cattle, continuous flow cattle, and bison commences on April 1, 2022 and terminates on March 31, 2024.

  • Operation Period means the period commencing from COD and ending on the Transfer Date;

  • Period shall have the meaning ascribed to it in Schedule 8;

  • Crop year means any 12 month period which represents the planting, growing, harvesting and marketing of an insurable crop, as stated in the Schedules;

  • Annual Accounting Period or “Financial Year” means the period commence on 1st July and shall end on 30th June of the succeeding calendar year.

  • Computation Period means each period of four consecutive Fiscal Quarters ending on the last day of a Fiscal Quarter.

  • Evaluation Period bears the meaning ascribed thereto in Section 13.5(d)(i);

  • Year means a calendar year.

  • Hire Period means the period commencing when the Customer holds the Hire Goods on hire (including Saturdays Sundays and Bank Holidays) and ending upon the happening of any of the following events:

  • Election Period shall have the meaning set forth in Section 14.3(a).

  • Annual Period means each twelve (12) month period commencing on the Effective Date and, thereafter, on each anniversary of the Effective Date.

  • Minimum Hire Period means the Minimum Hire Period as described on the invoices, quotation, authority to hire, or any other forms as provided by the Supplier to the Client.

  • Elimination Period means the period of 6 months beginning on the date You become Disabled.