Account Value definition

Account Value means the amount shown on Schedule A under the heading Account Value. The parties expressly acknowledge that the Account Value may be different than the liability that should be accrued by the Bank, under Generally Accepted Accounting Principles (“GAAP”), for the Bank’s obligation to the Executive under this Agreement. The Account Value on any date other than the end of a Plan Year shall be determined by adding the prorated increase attributable for the current Plan Year to the Account Value for the previous Plan Year.

Account Value for any Participant Account on any given date means:

Account Value is the entire amount we hold under this Contract for you before the Income Date. It is equal to the sum of the Variable Account Value and the Fixed Account Value.

Examples of Account Value in a sentence

• Annual Contract Expenses Annual Maintenance Fee7 $30.00 Base Contract Expenses 8 (as a percentage of average Account Value) 1.34% The next item shows the minimum and maximum total operating expenses charged by the Funds that you may pay periodically during the time that you own the Contract.

• MAKING WITHDRAWALS: ACCESSING THE MONEY IN YOUR CONTRACT Withdrawals Subject to limitations on withdrawals from the Fixed Interest Options and other restrictions (see “Withdrawal Restrictions” in this section), the Contract Holder may withdraw all or a portion of the individual or plan Account Value at any time during the Accumulation Phase.

• For amounts withdrawn from Account Value allocated to the Subaccounts, we will redeem the number of Accumulation Units needed to fund the withdrawal and reduce your Account Value accordingly.

• For amounts withdrawn withdraw from a Fixed Interest Option, we will reduce the value of the Fixed Interest Option by the dollar amount of that portion of the withdrawal (and with respect to the Guaranteed Accumulation Account, will reflect any positive or negative market value adjustment) and will reduce your Account Value accordingly.

• If not specified, we will withdraw dollars in the same proportion as the values you hold in the various investment options from each investment option in which you have an Account Value; and • Properly complete a disbursement form and submit it to Customer Service.

More Definitions of Account Value

Account Value is the sum of the policyholders' interests in the Cedent's separate accounts, as defined in the Policies, before reductions for surrender charges.

Account Value means the amount reflected on the books and records of the Company as the value of a Participant’s Deferred Compensation Account at any date of determination, as determined in accordance with this Plan.

Account Value is the entire amount we hold under this Certificate for the Owner before the Income Date. It is equal to the sum of the Variable Account Value and the Fixed Account Value.

Account Value. The total value of all allocations to the Sub-accounts on any Valuation Day.

Account Value. The value of: (1) amounts allocated to the Fixed Interest Options, including interest earnings to date; less (2) any deductions from the Fixed Interest Options (e.g., withdrawals and fees); and plus (3) the current dollar value of amounts allocated to the Subaccounts of Variable Annuity Account C, which includes investment performance and fees deducted from the Subaccounts.

Account Value as used in this Agreement, means the contract value determined in accordance with the terms of the Annuities.

Account Value is defined as the policy value determined in accordance with the terms of the Annuities.