Annuity Starting Date Sample Clauses
The Annuity Starting Date clause defines the specific date on which annuity payments to the beneficiary or policyholder will commence under an annuity contract. This clause typically outlines how the starting date is determined, which may be based on the policyholder’s selection, a specified age, or a particular event, and may allow for changes within certain limits before payments begin. Its core practical function is to provide clarity and certainty regarding when the insurer’s payment obligations begin, helping both parties plan for future income and avoid disputes about payment timing.
Annuity Starting Date. The first day of the first period for which an amount is paid as an annuity or any other form.
Annuity Starting Date. The term “Annuity Starting Date” means the first day of the first period for which a benefit is paid as an annuity, in the case of a benefit not payable as an annuity, the first day all events have occurred which entitle the Participant to the benefit. The first day of the first period for which a benefit is to be paid by reason of Disability will be treated as the Annuity Starting Date only if it is not an auxiliary benefit.
Annuity Starting Date. 1.06(A), 6.01(A)(2)(h)
Annuity Starting Date. This Plan does not use the term Annuity Starting Date. To determine whether the notice and consent requirements in Articles 8 and 9 are satisfied, the Distribution Commencement Date (see Section 22.56) is used, even for a distribution that is made in the form of an annuity. However, the payment made on the Distribution Commencement Date under an annuity form of payment may reflect annuity payments that are calculated with reference to an “annuity starting date” that occurs prior to the Distribution Commencement Date (e.g., the first day of the month in which the Distribution Commencement Date falls).
Annuity Starting Date. First day of the first period for which an amount is payable either as an annuity or in another form.
Annuity Starting Date. The date a Participant commences distribution from the Plan. If a Participant commences distribution with respect to a portion of such Participant’s Account Balance, a separate Annuity Starting Date applies to any subsequent distribution. If distribution is made in the form of an annuity, the Annuity Starting Date may be treated as the first day of the first period for which annuity payments are made.
Annuity Starting Date a. The “Annuity Starting Date” is the first day of the month for which an amount is payable as an annuity, regardless whether the payment is received at a later date. In the case of a benefit not payable in the form of an annuity, the Annuity Starting Date is the first day of the month on which all events have occurred which entitle the Participant to such a benefit.
b. The Annuity Starting Date shall not be later than the Participant’s Required Beginning Date.
c. The Annuity Starting Date for a Beneficiary or alternate payee under a Qualified Domestic Relations Order (within the meaning of Section 206(d)(3) of ERISA and Section 414(p) of the Internal Revenue Code) will be determined as stated in Subsections a. and b. above, except that references to spousal consent do not apply.
Annuity Starting Date. The annuity starting date means the first day of the first period for which an amount is payable as an annuity or any other form. (8) Marriage Requirement. Notwithstanding the foregoing, the benefits under the Plan shall not be provided in the form of a Joint and Survivor Annuity or a Preretirement Survivor Annuity unless the Participant and his spouse have been married throughout the one (1) year period ending on the earlier of the Participant's annuity starting date or the date of the Participant's death. If a Participant marries within one (1) year before the annuity starting date and the Participant and his spouse in such marriage have been married for at least a one (1) year period ending on or before the date of the Participant's death, the Participant and such spouse shall be treated as having been married throughout the required period. A former spouse shall be treated as the spouse or surviving spouse and a current spouse will not be treated as the spouse or surviving spouse to the extent provided under a qualified domestic relations order as described in Section 414(p) of the Code.
Annuity Starting Date. The term “