Value of Bonus definition

Value of Bonus means the amount indicated in the Order Form, which is calculated by multiplying the Commitment Value and the Bonus.
Value of Bonus means the amount indicated in the Order Form, which is calculated by

Examples of Value of Bonus in a sentence

Form and is calculated by adding together the Commitment Value and the Value of Bonus.

The initial Preferred Card Value is calculated by adding together the Commitment Value and the Value of Bonus.

Preferred Card ValueThe initial Preferred Card Value is calculated by adding together the Commitment Value and the Value of Bonus.

Surrender Value of Bonus for GSV = Bonus factor for GSV x (Vested Simple Reversionary Bonuses as on the date of surrender – Simple Reversionary Bonuses already paid as a part of Survival Benefits, if any) Where,Simple Reversionary Bonuses already paid as a part of Survival Benefits is:Vested Simple Reversionary Bonus x (Number of Survival Benefit installments paid/10) Surrender Value is payable only in lump sum.

The Surrender Value will be calculated as follows Surrender Value on Paid Up = Paid Up Value * Base Surrender Value FactorSurrender Value of Bonus on Paid Up = Accrued Bonus till the date of Paid Up * Surrender Value Factor for Bonuses 10004.