Sixth Option definition

Sixth Option. Life Income for Two Lives The Company will make monthly payments. Payments will start on the Option Date and will continue: . While either of two Payees is living, called "Joint and Survivor Life Income"; or . While either of two Payees is living, but for at least 10 years, called "Joint and Survivor Life Income, 10 Years Certain"; or . While two Payees are living, and after the death of one Payee, two-thirds of the monthly amount while the other Payee is living, called "Joint and 2/3 to Survivor Life Income".
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Sixth Option. Variable Life Income for Two Lives The Company will make variable monthly payments. Payments will begin on the Option Date and will continue: . While either of two Payees is living, called "Joint and Survivor Variable Life Income"; or -------------------------------------------------------------------------------- V11 . While either of two Payees is living, but for at least 10 years, called "Joint and Survivor Variable Life Income, 10 Years Certain"; or . While two Payees are living, and after the death of one Payee while the other Payee is living, two-thirds of the monthly amount that would be payable if both Payees were living, called "Joint and 2/3 to Survivor Variable Life Income".
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Examples of Sixth Option in a sentence

  • The table for the Sixth Option is based on an Assumed Investment Return.

  • Variable annuity payments under the Sixth Option with periods of 10 years or greater are available at any time and periods of 5 to 10 years are available on or after the second Contract Anniversary.

  • To withdraw the commuted value of payments certain under the First, Second, or Sixth Option.

  • The table for the Sixth Option is based on an interest rate of 2.5%.

  • The table for the Sixth Option is based on an interest rate of [2.5%].

  • To withdraw the commuted value of payments certain under the First, Second or Sixth Option.

  • The table for the Sixth Option is based on the Assumed Investment Return.

  • The age setback is as follows: DATE OF FIRST PAYMENT AGE SETBACK Prior to 2005 1 year 2005 - 2014 2 years 2015 - 2019 3 years 2020 - 2029 4 years 2030 - 2039 5 years 2040 or later 6 years The table for the Sixth Option is based on an interest rate of 2.5% per annum.

  • In the selection of a Payment Option the right can be given to the Payee: - To withdraw principal and interest under the Fourth or Fifth Option; or - To withdraw the commuted value of payments certain under the First, Second, or Sixth Option.

  • Consultant also agrees that he will have until the earlier of: 1) the 90th day following termination of this Agreement or 2) the expiration date of the respective option to exercise any vested shares under the First Option, Second Option, Third Option, Fourth Option, Fifth Option and Sixth Option.

Related to Sixth Option

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Top-Up Option has the meaning set forth in Section 1.04(a).

  • Vested Option means any Option, which has already been vested according to the Vesting Dates.

  • Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.

  • Unvested Option means an Option in respect of which the relevant Vesting Conditions have not been satisfied and as such, the Option Grantee has not become eligible to Exercise the Option.