Minimum Income definition

Minimum Income means non-contributory and means-tested safety nets of last resort to persons lacking sufficient resources, operating within social protection systems;
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Minimum Income shall have the meaning given in Section 8.
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Minimum Income means the equivalent of the lowest minimum monthly salary for persons engaged in construction and residing in the Project Area, as determined by MINTRABAJO;
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Examples of Minimum Income in a sentence

  • Comply with the following covenants and ratios: Minimum Income and Cash flow Requirements.

  • The indemnity cession shall be the share of the IBNAR (defined in Article IV) that is generated prior to the termination of the Reinsurer's liability (defined in Article II), by the Guaranteed Minimum Income Benefit Rider (the "Income Program") provisions of the Reinsured Contracts, as specified in Schedule A.

  • The indemnity retrocession shall be the share of the IBNAR (defined in Article IV) that is generated prior to the termination of the Retrocessionaire’s liability (defined in Article II), by the Guaranteed Minimum Income Benefit Rider (the “Income Program”) provisions of the Reinsured Contracts, as specified in Schedule A.

  • For withdrawals, the Guaranteed Minimum Income Benefit is equal to the most recently calculated Guaranteed Minimum Income Benefit reduced by an adjustment for withdrawals.

  • CONTRACT TYPES: Retirement Plus, ▇▇▇ Annuity GMIB TYPES: Guaranteed Minimum Income Benefit Rider Issue Age Rate All 0.0014167 No other options available ▇▇▇▇▇▇▇ ▇▇▇▇▇ & ACE Tempest GMIB 30 For each annuitant with aggregate RETAIL ANNUITY PREMIUMS on all ANNUITY CONTRACTS no greater than $5,000,000, the REINSURER liability will be based on the share of risk from the tables below.

  • Minimum Income Amount (‘MIA’) The net weekly income a Service User must be left with after financial assessment for the Service User’s use (provided for under Regulation 13 of the Care and Support (Charging) (Wales) Regulations 2015.

  • If the withdrawal amount is in excess of the interest credited, the Guaranteed Minimum Income Benefit will be further reduced by an adjustment for additional withdrawals.

  • The following GMIB Reset Option Examples provide an illustration of how the reset option feature will work when the Guaranteed Minimum Income Benefit is less than the Contract Value (Example 1) and when the Guaranteed Minimum Income Benefit is more than the Contract Value (Example 2).

  • For withdrawals, the Guaranteed Minimum Income Benefit is equal to the most recently calculated Guaranteed Minimum Income Benefit reduced by the withdrawal amount, provided such amount does not exceed the interest credited during the Contract Year.

  • The indemnity cession shall be the Reinsurer's Percentage of the annuity payments upon annuitization under the Guaranteed Minimum Income Benefit (the "Income Program") provisions of the Reinsured Contracts, multiplied by the IBNARP (defined in Article IV).


More Definitions of Minimum Income

Minimum Income means the minimum aggregate amount of Commission and Service Fees (net of Commission reversals and Service Fees repaid) referable to Services performed by you or, if applicable, an Authorised Adviser and determined as follows:
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Minimum Income has the meaning given in Clause 9.4.
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