Payout Phase is the second of the two phases during your Contract. The Payout Phase begins on the Payout Start Date. It continues until we make the last payment as provided by the Income Plan(s) chosen. Payout Start Date The "Payout Start Date" is the date the Contract Value adjusted by any Market Value Adjustment and less any applicable taxes is applied to an Income Plan. The anticipated Payout Start Date is shown on the Annuity Data Page. You may change the Payout Start Date by writing to us at least 30 days prior to this date. The anticipated Payout Start Date is the later of: * the Annuitant's 99th birthday; or * the 10th anniversary of the Issue Date.
Payout Phase. The “Payout Phase” is the second of the two phases of this Certificate. The Payout Phase begins on the earliest of the Benefit Payment Start Date, the Income Plan Start Date, or the Mandatory Annuity Payout Start Date. It continues until we make the last payment as provided by this Certificate.
Payout Phase is the second of the two phases during your Contract. During this phase the Contract Value adjusted by any Market Value Adjustment and less any applicable taxes is applied to the Income Plan you choose and is paid out as provided in that plan. The Payout Phase begins on the Payout Start Date. It continues until we make the last payment as provided by the Income Plan chosen. PAYOUT START DATE. The "Payout Start Date" is the date the Contract Value adjusted by any Market Value Adjustment and less any applicable taxes is applied to an Income Plan. The anticipated Payout Start Date is shown on the Annuity Data Page. You may change the Payout Start Date by writing to us at least 30 days prior to this date. The Payout Start Date must be on or before the later of: - the annuitant's 90th birthday; or - the 10th anniversary of this Contract's issue date.
Examples of Payout Phase in a sentence
Withdrawals taken prior to annuitization (referred to in this prospectus as the Payout Phase) are generally considered to come from the earnings in the Contract first.
All inputs are validated by responsible officers in the process; and • Final approval and Pay-out Phase: Once the prospective client has progressed through the credit evaluation process and has been approved, the dealer invoice for the vehicle is requested.
The amount of money you accumulate under your Contract during the Accumulation Phase and apply to an Income Plan will determine the amount of your income payments during the Payout Phase.
During the Payout Phase we guarantee the amount of your payments, which will remain fixed.
The agency theory relates to this research as investors who in this case are the principals and also users of financial information expect the auditor to protect their interest (Anderson & Emander, 2005).
More Definitions of Payout Phase
Payout Phase is the second of the two phases during your Contract. During this phase the Cash Value less any applicable taxes is applied to the Income Plan you choose and is paid out as provided in that plan. The Payout Phase begins on the Payout Start Date. It continues until we make the last payment as provided by the Income Plan chosen. Payout Start Date The "Payout Start Date" is the date the Cash Value less any applicable taxes is applied to an Income Plan. The anticipated Payout Start Date is shown on the Annuity Data Page. You may change the Payout Start Date by writing to us at least 30 days prior to this date. The Payout Start Date must be on or before the later of: - the Annuitant's 90th birthday; or - the 10th anniversary of the Contract's issue date.
Payout Phase means such period commencing from the end of the Investment Phase, which shall subsist till such period as indicated by the Depositor in the AOF till the end of the Tenure, during which the Depositor shall be entitled to the Equal Periodic Payments. The Payout Phase shall be for a minimum of 12 months from the date of completion of the Investment Phase and further in multiples of one month thereafter.
Payout Phase means such period commencing from the end of the Investment Phase, which shall subsist till such period as indicated by the Depositor in the AOF till the end of the
Payout Phase is the second of the two phases during your Contract. During this phase the Contract Value adjusted by any Market Value Adjustment and less any applicable taxes is applied to the Income Plan you choose and is paid out as provided in that plan. The Payout Phase begins on the Payout Start Date. It continues until we make the last payment as provided by the Income Plan chosen. Payout Start Date. The "Payout Start Date" is the date the Contract Value adjusted by any Market Value Adjustment and less any applicable taxes is applied to an Income Plan. The anticipated Payout Start Date is shown on the Annuity Data Page. You may change the Payout Start Date by writing to us at least 30 days prior to this date. The Payout Start Date must be at least 30 days after the Issue Date, and occur on or before the later of: - the Annuitant's 90th birthday; or - the 10th anniversary of this Contract's issue date.
Payout Phase is the second of the two phases of this Contract. The Payout Phase begins on the Payout Start Date. It continues until we make the last payment as provided by the Income Plan(s) chosen. Payout Start Date The "Payout Start Date" is the date the Contract Value adjusted by any applicable Market Value Adjustment and less any applicable taxes is applied to an Income Plan. The anticipated Payout Start Date is shown on the Annuity Data Page. You may change the Payout Start Date by writing to us at least 30 days before the new Payout Start Date. The Payout Start Date must be at least 30 days after the Issue Date, and occur on or before the later of:
Payout Phase. The period when income is received from the annuity.
Payout Phase is the second of the two phases of this Contract. The Payout Phase begins on the Payout Start Date. It continues until we make the last payment as provided by the Income Plan chosen. Payout Start Date The "Payout Start Date" is the date the Contract Value less any applicable taxes is applied to an Income Plan. The anticipated Payout Start Date is shown on the Annuity Data Page. You may change the Payout Start Date by writing to us at least 30 days before the new Payout Start Date. The Payout Start Date must be at least 30 days after the Issue Date, and occur on or before the later of: . The Annuitant's 90th birthday; or . The 10th Contract Anniversary.