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Common use of Unit Value Clause in Contracts

Unit Value. The initial Unit Value of each Variable Account was $10 on the day the Variable Account began operations. At the end of each subsequent Valuation Day, the Unit Value for each Variable Account is equal to (Y) times (Z) where:

Appears in 13 contracts

Sources: Insurance Policy (Pacific Select Exec Separate Acct Pacific Life Ins), Insurance Policy (Pacific Select Exec Separate Acct Pacific Life Ins), Life Insurance Policy (Pacific Select Exec Separate Acct Pacific Life Ins)

Related Clauses

  • Grant Amount
  • Market Value Adjustment
  • Target Fair Market Value
  • Non pre-priced Adjustment Factor
  • Market Value

Parent Clauses

  • Co-Curricular
  • Payment of Awards
  • – Rights of the Congress
  • – School Year
  • Method of Operation

Sub-Clauses

  • EXCHANGE PRIVILEGE
  • UNIT VALUE AT MATURITY
  • UNIT VALUE ON THE START DATE
  • UNIT VALUE ON EACH CYCLE BUSINESS DAY DURING THE CYCLE TERM
  • CYCLE BUSINESS DAY UNIT VALUE CEILING
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