OPTION 6 definition

OPTION 6. SPECIFIED PERIOD CERTAIN ANNUITY: Monthly Annuity Payments are paid for a specified period of time. The Specified Period Certain is elected by the Contract Owner and must be specified as a whole number of years from 5 to 30. If at the time of the last death of the Annuitant and any Joint Annuitant, the Annuity Payments actually made have been for less than the Specified Period Certain, then Annuity Payments will be continued thereafter to the Contract Owner for the remainder of the Specified Period Certain. If you have selected a variable payment option, a liquidation may be made at least once per Contract Year up to 100% of the Total Liquidation Value in the Contract. The Total Liquidation Value is equal to the present value of the remaining Annuity Payments, to the end of the Specified Period Certain, commuted at the Assumed Investment Return less a Commutation Fee. The Commutation Fee is a percentage of the amount withdrawn as shown on the Contract Schedule. Partial liquidation will be processed on the next Annuity Calculation Date following your written request. The Company will require the return of the Contract prior to the payment of the entire commuted value.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

OPTION 6. Use of Vehicle for road test at Division of Motor Vehicles (DMV)

OPTION 6. Every five years for the upcoming period and an indication for the following period only for 1412 mitigation: annual or biennial time frame for means of implementation in line with national budgets; different 1413 time frame for adaptation; 1414 Option 7: By 2030/2025 for all Parties; 1415 Option 8: By 2025 and/or 2030 for all developed country Parties only, and with the diversity of end dates for 1416 developing country Parties;

Examples of OPTION 6 in a sentence

CONTRACT CONTRACT YEARS AGE YEARS AGE ELAPSED ADJUSTMENT ELAPSED ADJUSTMENT 1 to 8 0 33 to 40 -4 9 to 16 -1 41 to 48 -5 17 to 24 -2 49 or more -6 25 to 32 -3 CURRENT FIXED PAYMENT PLAN RATES - INSTALLMENT INCOME FOR SPECIFIED PERIOD (OPTION 6).
In the event of the expiration of such 10 year period, and the Participant dies, then, no further benefits will be paid under OPTION 6 or this Agree- ment.
OPTION 6: Costs for ground resources will based on specific resources being paid for by each agency.
OPTION 6 - JOINT AND LAST SURVIVOR ANNUITY WITH ▇▇▇▇ REFUND We will make Annuity Payments, payable at the frequency elected, during the joint lifetime of the Annuitant and the Joint Annuitant.
OPTION 6 - 10 Year Period Certain: A reduced amount of Supplemental Normal Retirement Income shall be paid for a period of 10 years cer- tain.

More Definitions of OPTION 6

OPTION 6. For me, that means allowing European levels of moderately dense

OPTION 6. [X] Other (Specify) JANUARY 1ST AND JULY 1ST ------------------------------------------------------- NOTE: If no option is selected, Option 3 will be deemed to be selected.

OPTION 6. Insert: Provide a cost for including a #9 Remittance Envelope -3-7/8" x 8-7/8" - 28# White Wove folded and assembled as marked on diagram. Black imprint on both sides with full bleed – and inserted into the center of magazine.

OPTION 6. Inscribed in a country contribution document, with a provision in the agreement creating an 1542 obligation for each Party to communicate and implement their contribution;

OPTION 6. Public sector financing from developed country Parties shall be the primary source of resources, with other sources to be considered supplementary.

OPTION 6. Any Other Form: The Company will pay any other form of Fixed Annuity which is acceptable to it, provided for in the Plan, and which has been filed with and approved by the applicable state insurance authority.

OPTION 6. [ ] Other (Specify. Must be at least once per year)___________________________________ NOTE: If no option is selected, Option 3 will be deemed to be selected.