CONTRACT VALUE PROVISIONS Sample Clauses

POPULAR SAMPLE Copied 1 times
CONTRACT VALUE PROVISIONS. Contract Value — As of the end of any Business Day, the sum of the Account Values. We generally determine values on each day that the New York Stock Exchange is open, provided our administrative offices are also open on that day. Variable Account Value — The Variable Account Value on any Business Day is the sum of the Subaccount Values on that day.
View SourceView Similar (3)
CONTRACT VALUE PROVISIONS. NET PAYMENT. The net payment will be the payment received less Premium Tax, if any. ALLOCATION OF NET PAYMENTS. Net payments will be allocated to the Accounts on the first Valuation Date on or following the date the payment is received at our Office. With respect to the Initial Payment, the allocation will take place on the Contract Date. Any allocation to an Account must not be less than the Minimum Allocation Percentage shown on Page 3. No fractional percentages are permitted. The allocation of future net payments may be changed by the Owner. We reserve the right to limit such change to once each year. The request for change of allocations must be in a manner satisfactory to us. The allocation change will be effective the date the request for change is recorded by us.
View SourceView Similar (3)
CONTRACT VALUE PROVISIONS. Contract Value Electing Strategies
View SourceView Similar (2)
CONTRACT VALUE PROVISIONS. Variable Contract Value The Variable Contract Value for a Participant on any date during the Accumulation Period will be the sum of the values of the Variable Sub-Accounts of the Series Account held for the Participant. The value of a Participant's interest in a Variable Sub-Account will be determined by multiplying the number of Accumulation Units held for the Participant for that Variable Sub-Account by the Accumulation Unit Value for that Variable Sub-Account. Accumulation Unit Contributions and Transfers received at the Administrative Offices of the Company before the close of a Valuation Date will be allocated as requested and applied as of that date, otherwise as of the next Valuation Date, to provide Accumulation Units of the selected Variable Sub-Accounts of the Series Account. The number of Accumulation Units credited for each Participant to a Variable Sub-Account will be determined by dividing the amount of the Contributions and Transfers then applied to such Variable Sub-Account by the Accumulation Unit Value for that Variable Sub-Account on the Valuation Date on which the Contributions were allocated and Transfers were made. The number of Accumulation Units will not change because of a later change in the Accumulation Unit Value, but the Accumulation Unit Value will vary to reflect the investment experience of the Variable Sub-Account. Accumulation Unit Value The initial Accumulation Unit Value of each Variable Sub-Account was established at $10 on the date a Deposit was first made to the Variable Sub-Account. The Accumulation Unit Value of a Variable Sub-Account on any subsequent Valuation Date is equal to the Accumulation Unit Value of that Variable Sub-Account as of the immediately preceding Valuation Date multiplied by the Net Investment Factor for the Valuation Period ending on the Valuation Date on which the Accumulation Unit Value is being determined. The Accumulation Unit Value may increase, decrease, or remain unchanged as a result of the value of the Net Investment Factor.
View SourceView Similar (3)
CONTRACT VALUE PROVISIONS. CONTRACT VALUE - Your Contract Value for any Business Day is the sum of your interests in the Subaccounts of the Separate Account (and your interests in any other account options that are included by Rider) as of such Business Day. The portion of your Contract Value in a Subaccount is determined by multiplying the number of Accumulation Units allocated to the Contract for that Subaccount by its Accumulation Unit Value. CHARGES AND FEES - We will deduct charges and fees from your Contract Value as described on the Contract Schedule (or in any applicable Rider). SEPARATE ACCOUNT PROVISIONS THE SEPARATE ACCOUNT - The Separate Account is designated on the Contract Schedule and consists of assets that are kept separate from our General Account assets and all of our other segregated asset accounts. The assets of the Separate Account, equal to reserves and other liabilities of your Contract and those of other owners who have an interest in the Separate Account, will not be charged with liabilities arising out of any other business we may do. The Separate Account assets are divided into Subaccounts. The assets of each Subaccount are invested in Portfolio(s). INVESTMENTS OF THE SEPARATE ACCOUNT - Purchase Payments applied to the Separate Account are allocated to the Subaccounts. We may, from time to time, add additional Portfolios to the Separate Account. You may be permitted to transfer all or a portion of your Contract Value to the Subaccounts that invest in the additional Portfolio(s). However, the right to make any transfer will be limited by any terms and conditions in effect at the time of transfer. We can close, add or remove Portfolios as Subaccount investments as permitted by law. When a change is made, we will send you a revised prospectus for the Separate Account, which will describe all of the Portfolios then available under the Contract and/or any notice required by law. When a Portfolio is removed, we have the right to substitute a different Portfolio in which the Subaccount will then invest the value of the removed Portfolio.
View SourceView Similar (2)
CONTRACT VALUE PROVISIONS. NET PREMIUM The net premium will be the premium received less Premium Tax, if any. ALLOCATION OF NET Net Premiums will be allocated to the Accounts PREMIUMS on the first Valuation Date on or following the date the premium is received at Our Office. With respect to the Initial Premium, the allocation will take place on the Contract Date. Any premium received prior to the Reallocation Date will be allocated to the Reallocation Account. On the first Valuation Date on or following the Reallocation Date, the values in the Reallocation Account will be transferred in accordance with the Owner's current premium allocation instructions. All allocation percentages must be in whole numbers. The allocation of future net premiums may be changed by the Owner. We reserve the right to limit such change to once each year. The request for change of allocations must be in a manner satisfactory to Us. The allocation change will be effective the date the request for change is recorded by Us. SUBACCOUNT VALUE At the end of any Valuation Period, the Subaccount value is equal to the number of units that the Contract has in the Subaccount, multiplied by the Accumulation Unit Value of that Subaccount. The number of units that the Contract has in each Subaccount is equal to:
View Source
CONTRACT VALUE PROVISIONS. Contract Value Electing Strategies Minimum Nonforfeiture Amount
View Source
CONTRACT VALUE PROVISIONS. CONTRACT VALUE Your Contract Value on any Valuation Date is the sum of:
View Source
CONTRACT VALUE PROVISIONS. 5.1 Variable Contract Value 5.2 Accumulation Unit 5.3 Accumulation Unit Value 5.4 Annuity Unit Value 5.5 Net Investment Factor 5.6 Risk Charge 5.7 Guaranteed Contract Value 5.8 Guaranteed Sub-Account Riders 5.9 Asset Management Fee - Guaranteed Contract 5.10
View Source

Related to CONTRACT VALUE PROVISIONS

  • Remaining Provisions Except as expressly modified by this Amendment, the Employment Agreement shall remain in full force and effect. This Amendment embodies the entire agreement and understanding of the parties hereto with respect to the subject matter hereof, and supersedes all prior and contemporaneous agreements and understandings, oral or written, relative thereto.

  • REFERENCED CONTRACT PROVISIONS Term provision and Amount Not To Exceed provision, of the Contract are deleted in their entirety and replaced with the following: Period One means the period from July 1, 2018 through June 30, 2019 Period Two means the period from July 1, 2019 through June 30, 2020 Period Three means the period from July 1, 2020 through June 30, 2021 Period Four means the period from July 1, 2021 through June 30, 2022 Period Five means the period from July 1, 2022 through June 30, 2023 Period One Amount Not To Exceed: $ 1,104,767 Period Two Amount Not To Exceed: 1,104,767 Period Three Amount Not To Exceed: 1,104,767 Period Four Amount Not To Exceed: 1,287,723 Period Five Amount Not To Exceed: 1,446,490 TOTAL AMOUNT NOT TO EXCEED: $ 6,048,514”

  • CFR PART 200 AND FEDERAL CONTRACT PROVISIONS EXPLANATION TIPS and TIPS Members will sometimes seek to make purchases with federal funds. In accordance with 2 C.F.R. Part 200 of the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (sometimes referred to as “▇▇▇▇▇”),Vendor's response to the following questions labeled "2 CFR Part 200 or Federal Provision" will indicate Vendor's willingness and ability to comply with certain requirements which may be applicable to TIPS purchases paid for with federal funds, if accepted by Vendor. Your responses to the following questions labeled "2 CFR Part 200 or Federal Provision" will dictate whether TIPS can list this awarded contract as viable to be considered for a federal fund purchase. Failure to certify all requirements labeled "2 CFR Part 200 or Federal Provision" will mean that your contract is listed as not viable for the receipt of federal funds. However, it will not prevent award. If you do enter into a TIPS Sale when you are accepting federal funds, the contract between you and the TIPS Member will likely require these same certifications.

  • Change of Control Provisions If a Change of Control Repurchase Event occurs, unless the Company has exercised its right to redeem the Debentures as described above, the Company will be required to make an offer to each holder of Debentures to repurchase all or any part (in integral multiples of $1,000) of that holder’s Debentures at a repurchase price in cash equal to 101% of the aggregate principal amount of Debentures repurchased plus any accrued and unpaid interest on the Debentures repurchased to, but not including, the date of repurchase. Within 30 days following a Change of Control Repurchase Event or, at the Company’s option, prior to a Change of Control, but after the public announcement of the Change of Control, the Company will mail a notice to each holder of Debentures, with a copy to the Trustee, describing the transaction or transactions that constitute or may constitute the Change of Control Repurchase Event and offering to repurchase Debentures on the payment date specified in the notice, which date will be no earlier than 30 days and no later than 60 days from the date such notice is mailed. The notice shall, if mailed prior to the date of consummation of the Change of Control, state that the offer to purchase is conditioned on a Change of Control Repurchase Event occurring on or prior to the payment date specified in the notice. The Company will comply with the requirements of Rule 14e-1 under the Exchange Act, and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the repurchase of the Debentures as a result of a Change of Control Repurchase Event. To the extent that the provisions of any securities laws or regulations conflict with the Change of Control Repurchase Event provisions of the Debentures, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under the Change of Control Repurchase Event provisions of the Debentures by virtue of such conflict. Sinking Fund Provisions: No sinking fund provisions Defeasance Provisions: Legal defeasance and covenant defeasance permitted upon compliance with conditions set forth in the Indenture Additional Terms: Except as otherwise provided in this Schedule II, such other terms are specified in the Pricing Prospectus. Capitalized terms used herein and not defined herein have the meanings specified in the Pricing Prospectus. Time of Sale:

  • Change in Control Provisions Notwithstanding anything to the contrary in these Terms and Conditions, the following provisions shall apply to all Stock Units granted under the attached Award Agreement.