Sixth Option definition

Sixth Option. Life Income for Two Lives The Company will make equal monthly payments. Payments will start on the Option Date and will continue: . While either of two Payees is living, called "Joint and Survivor Life Income"; or . While either of two Payees is living, but for at least 10 years, called "Joint and Survivor Life Income, 10 Years Certain"; or . While two Payees are living; and after the death of one Payee, two-thirds of the monthly amount while the other Payee is living, called "Joint and 2/3 to Survivor Life Income".
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Sixth Option. Variable Life Income for Two Lives The Company will make variable monthly payments. Payments will begin on the Option Date and will continue: . While either of two Payees is living, called "Joint and Survivor Variable Life Income"; or -------------------------------------------------------------------------------- V11 . While either of two Payees is living, but for at least 10 years, called "Joint and Survivor Variable Life Income, 10 Years Certain"; or . While two Payees are living, and after the death of one Payee while the other Payee is living, two-thirds of the monthly amount that would be payable if both Payees were living, called "Joint and 2/3 to Survivor Variable Life Income".
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Examples of Sixth Option in a sentence

  • The table for the Sixth Option is based on an Assumed Investment Return.

  • Variable annuity payments under the Sixth Option with periods of 10 years or greater are available at any time and periods of 5 to 10 years are available on or after the second Contract Anniversary.

  • To withdraw the commuted value of payments certain under the First, Second, or Sixth Option.

  • The table for the Sixth Option is based on an interest rate of 2.5%.

  • Election of the Sixth Option may specify that the net investment factor for the Separate Account or the General Account is to apply or the amount due may be split between the two Accounts.

  • To withdraw the commuted value of payments certain under the First, Second or Sixth Option.

  • The table for the Sixth Option is based on an interest rate of [2.5%].

  • In the selection of a Payment Option the right can be given to the Payee: - To withdraw principal and interest under the Fourth or Fifth Option; or - To withdraw the commuted value of payments certain under the First, Second, or Sixth Option.

  • Tenant will give Landlord written notice of Tenant's election to exercise the Sixth Option, which notice shall designate the Sixth Expansion Premises, at least twelve (12) months, but not more than fourteen (14) months, prior to the Sixth Expansion Commencement Date.

  • The age setback is as follows: DATE OF FIRST PAYMENT AGE SETBACK Prior to 2005 1 year 2005 - 2014 2 years 2015 - 2019 3 years 2020 - 2029 4 years 2030 - 2039 5 years 2040 or later 6 years The table for the Sixth Option is based on an interest rate of 2.5% per annum.

Related to Sixth Option

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Top-Up Option has the meaning set forth in Section 1.04(a).

  • Vested Option means any Option, which has already been vested according to the Vesting Dates.

  • Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.

  • Unvested Option means an Option in respect of which the relevant Vesting Conditions have not been satisfied and as such, the Option Grantee has not become eligible to exercise the Option.

  • Vested Options means the Options that have vested in accordance with Section 2.2 of this Agreement.

  • Related Option means an Option with respect to which a Stock Appreciation Right has been granted.

  • Director Option means an Option granted pursuant to Section 6.

  • Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

  • Nonqualified Option means any Option that is not an Incentive Stock Option.

  • Employee Option means an Option granted pursuant to Section 5.

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • Option Grant Date means, as to any Stock Option, the latest of:

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

  • Reload Option means any Option granted under Section 6(a)(iv) of the Plan.

  • Share Option means a Nonqualified Share Option or an Incentive Share Option.

  • Optioned Stock means the Common Stock subject to an Option.

  • Option means a stock option granted pursuant to the Plan.

  • Incentive Option means an option which satisfies the requirements of Code Section 422.

  • Company Stock Option means any option to purchase Company Common Stock granted under any Company Stock Plan.

  • Nonstatutory Stock Option means an Option not intended to qualify as an Incentive Stock Option.

  • Stock Reload Option means any option granted under Section 6.3, below, as a result of the payment of the exercise price of a Stock Option and/or the withholding tax related thereto in the form of Stock owned by the Holder or the withholding of Stock by the Company.

  • Parent Stock Option means any option to purchase Parent Common Stock granted under any Parent Stock Plan.

  • Vested Company Option means each Company Option outstanding as of immediately prior to the Effective Time that is vested as of immediately prior to the Effective Time or will vest solely as a result of the consummation of the Merger.

  • Call Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities.

  • Optioned Shares means Shares subject to an Award granted pursuant to this Plan.