Initial Annual Charge definition

Initial Annual Charge. $50 We reserve the right to adjust this charge after the first Contract Anniversary, but the charge will never exceed $80. Initial Annual Charge if Contract Value equals or exceeds $50,000: $0 We reserve the right to charge up to $30 after the first Contract Anniversary. See Contract Administrative Charge provision.
Sample 1Sample 2
Initial Annual Charge means the annual charge shown in the Schedule “Anniversary Date” means the anniversary date of the start date given in the
Sample 1

Examples of Initial Annual Charge in a sentence

  • Initial Annual Charge if contract value equals or exceeds $50,000 $ 0 We reserve the right to charge up to $20 after the first contract anniversary.

  • Initial Annual Charge if contract value equals or exceeds $50,000 $0 We reserve the right to charge up to $20 after the first contract anniversary.

  • Annual Mortality and Expense Risk Fee: Base Fee + Optional Death Benefit Rider Fee = Total M&E Fee 1.55% + 0.00% = 1.55% of the daily net asset value Annual Variable Account Administrative Charge: 0.15% of the daily net asset value Contract Administrative Charge: Initial Annual Charge $40 We reserve the right to adjust this charge after the first contract anniversary, but the charge will never exceed $50.

  • Annual Mortality and Expense Risk Fee: Base Fee + Optional Death Benefit Rider Fee = Total M&E Fee 1.40% + 0% = 1.40% of the daily net asset value Annual Variable Account Administrative Charge: 0.15% of the daily net asset value Page 3.2 CONTRACT DATA - Continued Contract Number: 9920-SAMPLE Contract Date: October 1, 2009 Contract Administrative Charge: Initial Annual Charge $40 We reserve the right to adjust this charge after the first contract anniversary, but the charge will never exceed $50.

  • Annual Mortality and Expense Risk Fee: Base Fee + Optional Death Benefit Rider Fee = Total M&E Fee 1.55% + 0% = 1.55% of the daily net asset value Annual Variable Account Administrative Charge: 0.15% of the daily net asset value CONTRACT DATA - Continued Contract Number: 9920-SAMPLE Contract Date: October 1, 2009 Contract Administrative Charge: Initial Annual Charge $40 We reserve the right to adjust this charge after the first contract anniversary, but the charge will never exceed $50.

  • Annual Mortality and Expense Risk Fee: Base Fee + Optional Death Benefit Rider Fee = Total M&E Fee 1.40% + 0.00% = 1.40% of the daily net asset value Annual Variable Account Administrative Charge: 0.15% of the daily net asset value Contract Administrative Charge: Initial Annual Charge $40 We reserve the right to adjust this charge after the first contract anniversary, but the charge will never exceed $50.

  • Annual Mortality and Expense Risk Fee: Base Fee + Optional Death Benefit Rider Fee = Total M&E Fee 1.05% + 0.00% = 1.05% of the daily net asset value Annual Variable Account Administrative Charge: 0.15% of the daily net asset value Contract Administrative Charge: Initial Annual Charge $40 We reserve the right to adjust this charge after the first contract anniversary, but the charge will never exceed $50.

  • Annual Mortality and Expense Risk Fee: Base Fee + Optional Death Benefit Rider Fee = Total M&E Fee 1.20% + 0.00% = 1.20% of the daily net asset value Annual Variable Account Administrative Charge: 0% of the daily net asset value Contract Administrative Charge: Initial Annual Charge $30 We reserve the right to adjust this charge after the first contract anniversary, but the charge will never exceed $50.

  • Annual Mortality and Expense Risk Fee: Base Fee + Optional Death Benefit Rider Fee = Total M&E Fee 0.95% + 0.00% = 0.95% of the daily net asset value Annual Variable Account Administrative Charge: 0% of the daily net asset value Contract Administrative Charge: Initial Annual Charge $30 We reserve the right to adjust this charge after the first contract anniversary, but the charge will never exceed $50.

  • Death Benefit Rider Effective 5-15-2004 Initial Annual Charge* .10% Maximum Anniversary Value Death Benefit Rider Effective 5-15-2004 Initial Annual Charge* .25% *We reserve the right to adjust rider charges after the tenth rider anniversary by a maximum of .10% for any rider.

Related to Initial Annual Charge

  • Additional Charge means a charge in accordance with Canon’s Current Rate; Additional Services means any service in addition to the Services to be provided by Canon under clause 21; Business Day means a day that is not a Saturday, Sunday or public holiday in the place where the Products or Services are being supplied;

  • Semi-Annual Period means each of: the period beginning on and including January 1 and ending on and including June 30; and the period beginning on and including July 1 and ending on and including December 31.

  • Rental Charges means the charges payable for renting the Vehicle from Us together with GST and any other taxes or levies which are all fully set out in the Rental Agreement.

  • Additional Charges As defined in Section 3.3.

  • Annual Fixed Rent See Exhibit A, and Section 3.1.

  • Individual Charges means those charges incurred by individual Attendees including, but not limited to, restaurant charges other than the allowable group meals specified herein, any charge for alcoholic beverages, telephone expenses, sleeping room rental deposits, upgrades, Cancellation Fee and/or other applicable service or cancellation charges incurred by an Attendee, and associated taxes, surcharges, and/or other incidentals.

  • Average Annual Compensation For the purposes of this Agreement, “Average Annual Compensation” shall be an amount equal to the annual average of the sums of (x) the Executive’s annual Base Salary from the Company plus (y) the amount of Incentive Awards accrued by TNS for the Executive, in each case for the three calendar years that ended immediately before (or, if applicable, coincident with) the Change in Control Date;

  • Legal Charge means the legal charge over the Land to be entered into by the Academy Trust in favour of the Secretary of State, in a form and substance satisfactory to the Secretary of State.

  • Assigned Annual Special Tax means the Special Tax of that name described in Section D.

  • Base Monthly Rent means the fixed monthly rent payable by Tenant pursuant to Section 3.1 which is specified in Section K of the Summary.

  • Basic Rent Payment Date means the Delivery Date, and the numerically corresponding day in each calendar month thereafter during the Term, and if such day is not a Business Day, then the immediately preceding calendar day which is a Business Day.

  • Lease Payment Date means, with respect to any Interest Payment Date, the 5th Business Day immediately preceding such Interest Payment Date.

  • Fixed Rent shall have the meaning set forth in Section 1.1 hereof.

  • Base Annual Salary means the annual cash compensation relating to services performed during any calendar year, whether or not paid in such calendar year or included on the Federal Income Tax Form W-2 for such calendar year, excluding bonuses, commissions, overtime, fringe benefits, stock options, relocation expenses, incentive payments, non-monetary awards, directors fees and other fees, automobile and other allowances paid to a Participant for employment services rendered (whether or not such allowances are included in the Employee’s gross income). Base Annual Salary shall be calculated before reduction for compensation voluntarily deferred or contributed by the Participant pursuant to all qualified or non-qualified plans of any Employer and shall be calculated to include amounts not otherwise included in the Participant’s gross income under Code Sections 125, 132(f), 402(e)(3), 402(h), or 403(b) pursuant to plans established by any Employer; provided, however, that all such amounts will be included in compensation only to the extent that, had there been no such plan, the amount would have been payable in cash to the Employee.

  • Monthly Base Rent The monthly rent specified in Section 1.01(8).

  • Monthly Charge shall have the meaning set forth in Article 5.

  • Percentage Rent As defined in Subsection 3.1(b).

  • Monthly salary means the portion of a member’s annual compensation which is paid to him or her per month.

  • Monthly Charges means a finance carrying charge of one and one-half of one percent (1.5%) and a storage and handling charge of one-half of one percent (0.5%), in each case of the Cost of the Inventory and/or Special Inventory and/or of the fees for the Product affected by the reschedule or cancellation (as applicable) per month until such Inventory and/or Special Inventory and/or Product is returned to the vendor, used to manufacture Product or is otherwise purchased by Customer.

  • Property tax increment means the amount obtained by:

  • Payment Year The calendar year during which the applicable Annual Payment is due pursuant to Section IV.B. Payment Year 1 is 2021, Payment Year 2 is 2022 and so forth. References to payment “for a Payment Year” mean the Annual Payment due during that year. References to eligibility “for a Payment Year” mean eligibility in connection with the Annual Payment due during that year.

  • Lease Payment means any form of payment, including a land lease, by a public entity to the private entity for the use of a qualifying project.

  • Current Annual Compensation means the greater of:

  • Sublease Payment means any payment required to be made by the District pursuant to Article 7 of this Sublease.

  • Average Annual Bonus means the average of the annual bonuses (if any) from the Company earned by the Executive with respect to the Bonus Fiscal Years during all or any portion of which the Executive was employed by the Company; and, provided, further, that, if the Executive was not employed by the Company during all or any portion of any of the Bonus Fiscal Years, “Average Annual Bonus” means zero.