Milestone Fund definition

Milestone Fund means a Sun Life Financial Milestone Segregated Fund;
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Examples of Milestone Fund in a sentence

  • The Milestone Fund is a diversified fund designed for investors who expect to retire and/or begin withdrawals around a target year.

  • The Net Asset Value of a Milestone Fund is apportioned among Accounts maintained therein by means of Units.

  • The calculation of the Net Present Value of the Guaranteed Value for each Unit and the calculation of the Accelerated Guaranteed Value for each Unit shall only be made on the Accelerated Maturity Date, if any, of the Milestone Fund immediately following the calculation of the Net Asset Value per Unit on the Accelerated Maturity Date.

  • For the purposes of this Description of Fund Operations, a short term trade means a Member initiated inter-fund transfer into a Milestone Fund followed by a Member initiated inter-fund transfer out of the same Milestone Fund within 30 days (the “short term trading transaction”).

  • Sun Life may, in delegating any of its powers or obligations under the Description of Fund Operations, appoint or retain agents and grant such persons powers of delegation and sub-delegation and reimburse such persons with respect to services rendered and expenses incurred on behalf of each Milestone Fund.

  • The Accelerated Guaranteed Amount of a Milestone Fund is the product obtained by multiplying the number of Units outstanding on the Accelerated Maturity Date of the Milestone Fund by the positive difference, if any, obtained when the applicable Net Asset Value per Unit determined as at the Accelerated Maturity Date of the Milest one Fund is subtracted from the Accelerated Guaranteed Value per Unit of the Milestone Fund.

  • The Net Asset Value of a Milestone Fund as at any particular time on a Valuation Date is the value as at such time of all assets of that Milestone Fund minus all of the liabilities of that Milestone Fund as at such time.

  • The Net Asset Value per Unit of a Milestone Fund as at any particular time is the quotient obtained by dividing the applicable Net Asset Value as at such time by the tot al number of Units outstanding at such time.

  • You will be invested in the Milestone Fund, also known as a “Target Date” fund, which most closely matches the year in which you will reach your plan’s default retirement age.

  • Sun Life will provide You with at least 60 days’ prior written notice of any declaration of an Accelerated Maturity Date of a Milestone Fund pursuant to this Section, which notice shall specify the Accelerated Maturity Date of the Milestone Fund and shall provide You with details as to the closure of the Milestone Fund to new Contributions.

Related to Milestone Fund

  • Development Milestone Payment shall have the meaning set forth in Section 9.2(a).

  • Milestone Payment means a payment identified in the Implementation Plan to be made following the issue of a Satisfaction Certificate in respect of Achievement of the relevant Milestone;

  • Sales Milestone Payment shall have the meaning set forth in Section 8.4.

  • Milestone 2 means achievement of annual Net Sales of at least $35,000,000 during any Calendar Year ending on or before December 31, 2024.

  • Milestone 1 means achievement of annual Net Sales of at least $20,000,000 during the Calendar Year ending on December 31, 2021.

  • Milestone means an event or task described in the Implementation Plan which must be completed by the corresponding date set out in such plan;

  • Milestone Date means the date set against the relevant Milestone in the Implementation Plan;

  • Development Milestone Event shall have the meaning set forth in Section 9.2(a).

  • Milestone Payment Date has the meaning set forth in Section 2.4(a).

  • Milestone Payments has the meaning set forth in Section 4.2.

  • Milestone Event has the meaning set forth in Section 8.4.

  • Performance Milestone means an act or event specified in section 5.1 and described in section 9 of the EPLA.

  • Milestones means control points in the project that help to chart progress. Milestones may correspond to the completion of a key deliverable, allowing the next phase of the work to begin. They may also be needed at intermediary points so that, if problems have arisen, corrective measures can be taken. A milestone may be a critical decision point in the project where, for example, the consortium must decide which of several technologies to adopt for further development.

  • Milestone Events has the meaning set forth in Section 3.3 (Milestone Payments).

  • Project Milestone means the project milestone set forth in Schedule-J;

  • Milestone Dates means the dates for completion of specified Project activities as contained in the Project Schedule.

  • Project Milestones means the project milestones set forth in Schedule-G;

  • Revenue Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • Second Target Distribution means $0.4375 per Unit per Quarter (or, with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.4375 multiplied by a fraction of which the numerator is equal to the number of days in such period and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.

  • Third Target Distribution means $0.5250 per Unit per Quarter (or, with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.5250 multiplied by a fraction of which the numerator is equal to the number of days in such period and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.

  • Best available control technology (BACT means an emissions limitation (including a visible emission standard) based on the maximum degree of reduction for each pollutant subject to regulation under CAA which would be emitted from any proposed major stationary source or major modification which the Department, on a case-by-case basis, takes into account energy, environmental, and economic impacts and other costs, determines is achievable for such source or modification through application of production processes or available methods, systems, and techniques, including fuel cleaning or treatment or innovative fuel combustion techniques for control of such pollutant. In no event shall application of best available control technology result in emissions of any pollutant which would exceed the emissions allowed by any applicable standard under 7 DE Admin. Code 1120 and 1121. If the Department determines that technological or economic limitations on the application of measurement methodology to a particular emissions unit would make the imposition of an emissions standard infeasible, a design, equipment, work practice, operational standard, or combination thereof, may be prescribed instead to satisfy the requirement for the application of best available control technology. Such standard shall, to the degree possible, set forth the emissions reduction achievable by implementation of such design, equipment, work practice or operation, and shall provide for compliance by means which achieve equivalent results.

  • First Target Distribution means $0.4025 per Unit per Quarter (or, with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.4025 multiplied by a fraction of which the numerator is the number of days in such period, and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.

  • Milestone Failure means a failure by the Grant Recipient fully to achieve any Milestone by the relevant Milestone Date;

  • Milestone Schedule means Seller’s milestone schedule, the form of which is attached to this Agreement as Exhibit Q.

  • Clinical peer means a physician or other health care professional who holds a non-restricted license in a state of the United States and in the same or similar specialty as typically manages the medical condition, procedure or treatment under review.

  • Pre-Funded Amount With respect to any date of determination, the amount on deposit in the Pre-Funding Account.