Payment of Contract Benefits Sample Clauses

Payment of Contract Benefits. GENERAL Benefits payable under this Contract may be applied in accordance with one or more of the Annuity Options described below, subject to any restrictions of Internal Revenue Code section 72(s). Once annuity payments commence, the Annuity Option may not be changed. ALTERNATE ANNUITY OPTIONS Instead of settlement in accordance with the Annuity Options described below, you may choose an alternate form of settlement acceptable to us. Once annuity payments commence, the form of settlement may not be changed. DESCRIPTION OF ANNUITY OPTIONS Option 1: Life Annuity
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Payment of Contract Benefits. GENERAL Benefits payable under this Contract may be applied in accordance with one or more of the Annuity Options described below, subject to any restrictions of Internal Revenue Code section 72(s). Once annuity payments commence, the Annuity Option may not be changed. The "Life 10-year certain" Annuity Option described under part b) of Options 1 and 2 below will be the default Annuity Option, unless you request another, any time on or before the Maturity Date. ALTERNATE ANNUITY OPTIONS Instead of settlement in accordance with the Annuity Options described below, you may choose an alternate form of settlement acceptable to us. Once annuity payments commence, the form of settlement may not be changed.
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Payment of Contract Benefits. 16 Schedule Page -------------------------------------------------------------- Initial Allocation of Net Premiums: Money Source Separate Account: Carillon Account SUBDIVISIONS OF THE VARIABLE ACCOUNT: [AIM VI CAP APPRECIATION 0]% [AIM VI GROWTH 0] [XXXXX AMERICAN LEVERAGED ALLCAP 0] [XXXXX AMERICAN MIDCAP GROWTH 0] [AM CENTURY VP GROWTH & IN 0] [AM CENTURY VP VALUE 0] [MFS VIT EMERGING GROWTH 0] [MFS VIT INVESTORS TRUST 0] [MFS VIT HIGH INCOME 0] [MFS VIT NEW DISCOVERY 0] [MFS VIT TOTAL RETURN 0] [XXXXXXXXX XXXXXX AMT GUARD 0] [XXXXXXXXXXX GLOBAL SEC/VA 0] [XXXXXXXXXXX MAIN ST/VA 0] [XXXXXXX VSI CAP GROWTH 0] [XXXXXXX VSI INTL 0] [XXXXXXX VSI MONEY MARKET 0] [XXXXXXXX SMALLCAP VALUE CLASS 2 0] [XXXXXXXX COMM & INFO CLASS 2 0] [SUMMIT BALANCED INDEX 0] [SUMMIT BOND 25] [SUMMIT NASDAQ 100 INDEX 0] [SUMMIT XXXXXXX 2000 0] [SUMMIT S&P MID CAP 400 0] [SUMMIT S&P 500 INDEX 0] [SUMMIT ZENITH 25] [FTVIP XXXXXXXXX INTL CLASS 2 0] GUARANTEED ACCOUNT: [50] ------- TOTAL: 100% Transfer Charge: Current: [$10] Maximum: $100 Mortality and Expense Charge: Current: [1.00%] Maximum: 2.00% Administration Fee: Current: [0.25%] Maximum: 0.25% Contract Fee for any full or partial year: $30.00 Guaranteed Account Guaranteed Minimum Interest Rate: 3.00% ------------------------------------------------------------- Annuitant: Xxxx Xxx Contract Number: 01234567 Owner: Xxxx Xxx Maturity Date: February 01, 2058 Joint Owner: N/A Contract Date: April 05, 2001 UC 8134 - 3 - Schedule Page -------------------------------------------------------------- Surrender Charge: We impose a surrender charge on certain early surrenders. The amount of the surrender charge is a percentage of the amount withdrawn and is set forth below. Contract Surrender Charge Year Percentage [ 1 7% ] [ 2 7% ] [ 3 6% ] [ 4 5% ] [ 5 4% ] [ 6 3% ] [ 7 2% ] [ 8 1% ] [ 9 AND ABOVE 0% ] Partial surrenders totaling not more than 10% of the accumulation value may be made each contract year without a surrender charge being imposed. In no event will the cumulative total of all surrender charges exceed 9% of premiums.
Sample 1
Payment of Contract Benefits. GENERAL Benefits payable under this Contract may be applied in accordance with one or more of the Annuity Options described below, subject to any restrictions of Internal Revenue Code section 72(s). Once annuity payments commence, the Annuity Option may not be changed. ALTERNATE ANNUITY OPTIONS Instead of settlement in accordance with the Annuity Options described below, you may choose an alternate form of settlement acceptable to us. Once annuity payments commence, the form of settlement may not be changed.
Sample 1
Payment of Contract Benefits. GENERAL Benefits payable under this Contract may be applied in accordance with one or more of the Annuity Options described below. ALTERNATE ANNUITY OPTIONS Instead of settlement in accordance with the Annuity Options described below, you may choose an alternate form of settlement acceptable to us.
Sample 1
Payment of Contract Benefits 
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Related to Payment of Contract Benefits

  • Retirement Benefits Due to either investment or employment during the marriage, either the Husband or Wife: (check one) ☐ - DO NOT have retirement plans. ☐ - HAVE retirement plans. The Couple has the following retirement plans: (“Retirement Plans”). Upon signing this Agreement, the Retirement Plans shall be owned by: (check one) ☐ - Husband ☐ - Wife ☐ - Both Spouses ☐ - Other. .

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • Payment of Benefits Any amounts due under this Agreement shall be paid in one (1) lump sum payment as soon as administratively practicable following the later of: (i) Xx. Xxxxxx'x Termination Date, or (ii) upon Xx. Xxxxxx'x tender of an effective Waiver and Release to the Company in the form of Exhibit A attached hereto and the expiration of any applicable revocation period for such waiver. In the event of a dispute with respect to liability or amount of any benefit due hereunder, an effective Waiver and Release shall be tendered at the time of final resolution of any such dispute when payment is tendered by the Company.

  • Death Benefits Upon the Executive's death during the Contract Period, his estate shall not be entitled to any further benefits under this Agreement.

  • Payment of Contributions The College and eligible academic staff members of the plan shall each contribute one-half of the contributions to the Academic and Administrative Pension Plan.

  • Settlement Benefits WHAT YOU GET

  • Standard Benefits During the Employment Period, Executive shall be entitled to participate in all employee benefit plans and programs, including paid vacations, generally available to other similarly situated Company executives, subject to the terms and conditions of the applicable plans.

  • Termination Benefits (a) If Executive’s employment is voluntarily (in accordance with Section 2(a) of this Agreement) or involuntarily terminated within two (2) years of a Change in Control, Executive shall receive:

  • Early Retirement Benefits If elected in the Adoption Agreement, an Early Retirement benefit may be available to individuals who meet the age and Service requirements that are specified in the Adoption Agreement. A Participant who attains his or her Early Retirement Date will become fully vested, regardless of any vesting schedule which otherwise might apply. If a Participant separates from Service with a nonforfeitable benefit before satisfying the age requirements, but after having satisfied the Service requirement, the Participant will be entitled to elect an Early Retirement benefit upon satisfaction of the age requirement.

  • Supplemental Retirement Benefits The terms and conditions for the payment of supplemental retirement benefits are set forth in a separate written agreement between the parties.

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