Initial Allocation Date definition

Initial Allocation Date means the date on which the Board of Directors grants Free Share allocations and is the starting date of the Vesting Period.

Initial Allocation Date means, with respect to any Performance Period, the date on which the Committee first determines to make awards to Participants pursuant to the terms of the Plan.

Initial Allocation Date means the effective date of the assignment of Commitments (and related rights and obligations under this Agreement) pursuant to the Initial Allocation and the date on which the borrowing of the Initial Allocation Date Loan occurs, which is expected to be not more than ten (10) Business Days after the Closing Date (or such other practicable time as reasonably agreed by the Required Financing Commitment Parties, the Administrative Agent and the Borrower).

Examples of Initial Allocation Date in a sentence

• These rules are reflected in the setting of the Initial Allocation Date.

• Investment experience in all other Divisions of the Separate Account will begin on the Initial Allocation Date.

• On the Initial Allocation Date, amounts in the Money Market Division will be allocated in accordance with the application.

• The Initial Allocation Date depends on state regulations and may be as early as the underwriting approval date, as late as receipt of notice of accepted delivery, or the end of the Right to Return period.

• Prior to the Initial Allocation Date, Northwestern Mutual will transfer and credit Net Premiums to the Government Money Market Division of the Separate Account.

• On or after the Initial Allocation Date, the Owner may transfer the amounts invested in any of the Divisions.

• After the Initial Allocation Date, a Policy Owner may direct that accumulated amounts under the Policy be transferred from one Division to another, provided accumulated amounts remain in no more than 30 Divisions at a time.

• The Initial Allocation Date is the date Northwestern Mutual allocates initial Net Premiums among the Divisions in accordance with Policy Owner instructions.

• On the In-Force Date, unless the In-Force Date is also the Initial Allocation Date, Northwestern Mutual will transfer and credit the initial Net Premium and accrued interest to the Government Money Market Division of the Separate Account.

• Asking people involved in the financial reporting process about inappropriate or unusual activity.