CONTRACT DATE ANNIVERSARY Clause Samples
The "Contract Date Anniversary" clause defines a recurring annual date based on the original effective date of the contract. In practice, this means that each year on the anniversary of the contract's start date, certain rights, obligations, or reviews may be triggered, such as price adjustments, renewal options, or performance evaluations. This clause ensures that both parties have a clear, consistent reference point for annual events or changes, reducing confusion and helping to manage ongoing contractual obligations.
CONTRACT DATE ANNIVERSARY. A Contract Date Anniversary is the last day of the Contract Year.
CONTRACT DATE ANNIVERSARY. The anniversary of the Contract Date for each year this Contract remains in force. If in any calendar year such date is not a Valuation Date, any transactions that should have occurred on the Contract Date Anniversary will be processed by Us on the first Valuation Date following that Contract Date Anniversary.
CONTRACT DATE ANNIVERSARY. The anniversary of the Contract Date for each year this Contract remains in force. If in any calendar year such date is not a Valuation Date, any transactions that should have occurred on the Contract Date Anniversary will be processed by Us on the first Valuation Date following that Contract Date Anniversary. CONTRACT YEAR -- Each twelve-month period starting with the Contract Date on the Contract Specifications and starting with each Contract Date Anniversary thereafter. CREDITING BASE -- The amount used to determine the Segment Ending Value and the Interim Value. The Crediting Base is distinct from the Contract Value and is not available for a Withdrawal or reallocation and is not used to calculate the Surrender Value, Death Benefit, or other guaranteed paid-up annuity benefits under this Contract. DEATH BENEFIT -- The amount payable upon the death of an Owner or an Annuitant. DUE PROOF -- Information that We require to pay a Death Benefit. This information includes a certified copy of a death certificate, a certified copy of a decree of a court of competent jurisdiction as to the findings of death, or any other proof of death acceptable to Us. END DATE -- The Indexed Anniversary Date that coincides with the last calendar day of a Term for an ending Segment and the Valuation Date on which We determine the Segment Ending Value. GOOD ORDER -- The receipt by Us, at Our Administrative Office, of all information, documentation, instructions and/or Single Purchase Payment deemed necessary by Us, in Our sole discretion, to issue this Contract or execute any transaction pursuant to its terms. HOLDING ACCOUNT -- The Holding Account is applicable only if a GUARANTEE OF PRINCIPAL DEATH BENEFIT RIDER is attached to this Contract. The account is a non-interest-bearing account that We designate to hold any portion of Contract Value payable for Death Benefit proceeds that will be used to continue this Contract, if the proceeds become due prior to an Indexed Anniversary Date. The value of the Holding Account may be reduced by Withdrawals and any applicable Taxes, Rider fees and charges. All or a portion of the assets supporting the Holding Account under this Contract are held in the Separate Account shown on the Contract Specifications. INDEX(ES) -- The measure, designated by Us, that is used in part, to determine the Performance Rate for a particular Indexed Account. The Performance Rate is determined as described in any Indexed Accounts Rider attached to this Contrac...
CONTRACT DATE ANNIVERSARY. The anniversary of the Contract Date for each year this Contract remains in force. If in any calendar year such date is not a Valuation Date, any transactions that should have occurred on the Contract Date Anniversary will be processed by Us on the first Valuation Date following that Contract Date Anniversary. CONTRACT YEAR -- Each twelve-month period starting with the Contract Date on the Contract Specifications and starting with each Contract Date Anniversary thereafter. CREDITING BASE -- The amount used to determine the Segment Ending Value and the Interim Value. The Crediting Base is distinct from the Contract Value and is not available for a Withdrawal or reallocation and is not used to calculate the Surrender Value, Death Benefit, or other guaranteed paid-up annuity benefits under this Contract.