Years Certain Sample Clauses

The "Years Certain" clause defines a fixed period during which payments or benefits are guaranteed to be made, regardless of other circumstances. Typically found in annuity contracts or similar financial agreements, this clause ensures that payments will continue for a specified number of years, even if the recipient dies before the period ends; in such cases, payments may go to a beneficiary. Its core practical function is to provide certainty and security to the payee or their heirs by guaranteeing a minimum payout period, thereby addressing concerns about premature loss of income.
Years Certain. We will make payments for 10 years and after that during the lifetime of the Annuitant. No payments are due after the death of the Annuitant or, if later, the end of the 10-year period certain.
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Years Certain. We will make level payments for the longer of the annuitant’s lifetime or ten years. In the event of the death of the person receiving payments prior to the end of the fixed period elected, payments will be continued to that person’s beneficiary or may be commuted and their present value may be paid in a single sum.
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Years Certain. We will make payments for 5 years and after that during the lifetime of the annuitant. No payments are due after the death of the annuitant or, if later, the end of the 5-year period certain.
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Years Certain. We will make annuity payments for five years and after that during the lifetime of the Annuitant. No payments are due after the death of the Annuitant or, if later, the end of the 5-year period certain.
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Years Certain. We will make payments for the longer of the annuitant’s lifetime or ten years. In the event of the death of the person receiving payments prior to the end of the guarantee period for which the election was made, payments will be continued to that person’s beneficiary or may be commuted and their present value may be paid in a single sum. For this option, present values would be determined using only an interest rate component, but not using a mortality component. Variable Income Option 3-V(a) is not available for adjusted age(s) greater than 85.
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Years Certain. If you choose to start the Annuity Option after age 79, the guaranteed Years Certain component of the Annuity Option is reduced as follows: --------------------------------------------------------- Age at Application to the Guarantee/Years Annuity Option Certain Period --------------------------------------------------------- 80 9 --------------------------------------------------------- 81 8 --------------------------------------------------------- 82 7 --------------------------------------------------------- 83 6 --------------------------------------------------------- 84 and 85 5 ---------------------------------------------------------
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Years Certain. Payments will be made for the longer of the Annuitant’s lifetime or ten years In the event of the death of the person receiving payments prior to the end of the guarantee period for which the election was made, payments will be continued to that person’s beneficiary. Option 3–VU) is not available for Adjusted Age(s) greater than 85. Option 5–V – Joint and Survivor Annuity: Payments are made as long as either the Annuitant or the joint Annuitant is living.
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Years Certain. We will make payments for 5 years and after that during the lifetime of the Annuitant. No payments are due after the death of the Annuitant or, if later, the end of the 5-year period certain. In the event that payments under the Settlement Options are the same for different periods certain than the longest period certain with the payment amount will be deemed to have been chosen. If no Settlement Option has been chosen, the 5-Years Certain Option will be applied by default.
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Years Certain. In the event of a redemption or purchase of the stock of a Stockholder a down payment shall be made at closing in the amount of ten (10%) percent of the purchase price. The balance of the redemption or purchase price shall be paid starting one month thereafter in equal monthly payments including interest at the rate of ten (10%) percent per annum on the unpaid balance over ten (10) years. Interest shall commence thirty (30) days after the Corporation or the remaining Stockholders close on the purchase of the stock of the selling Stockholder.
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Related to Years Certain

  • Contract Goals A. For purposes of this procurement, OGS conducted a comprehensive search and determined that the Contract does not offer sufficient opportunities to set goals for participation by MWBEs as subcontractors, service providers, or suppliers to Contractor. Contractor is, however, encouraged to make every good faith effort to promote and assist the participation of MWBEs on this Contract for the provision of services and materials. The directory of New York State Certified MWBEs can be viewed at: ▇▇▇▇▇://▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇/FrontEnd/VendorSearchPublic.asp?TN=ny&XID=2528. Additionally, following Contract execution, Contractor is encouraged to contact the Division of Minority and Women’s Business Development ((▇▇▇) ▇▇▇-▇▇▇▇; (▇▇▇) ▇▇▇-▇▇▇▇; or (▇▇▇) ▇▇▇-▇▇▇▇) to discuss additional methods of maximizing participation by MWBEs on the Contract. B. Good Faith Efforts Pursuant to 5 NYCRR § 142.8, evidence of good faith efforts shall include, but not be limited to, the following: 1. A list of the general circulation, trade, and MWBE-oriented publications and dates of publications in which the Contractor solicited the participation of certified MWBEs as subcontractors/suppliers, copies of such solicitations, and any responses thereto. 2. A list of the certified MWBEs appearing in the Empire State Development (“ESD”) MWBE directory that were solicited for this Contract. Provide proof of dates or copies of the solicitations and copies of the responses made by the certified MWBEs. Describe specific reasons that responding certified MWBEs were not selected. 3. Descriptions of the Contract documents/plans/specifications made available to certified MWBEs by the Contractor when soliciting their participation and steps taken to structure the scope of work for the purpose of subcontracting with, or obtaining supplies from, certified MWBEs. 4. A description of the negotiations between the Contractor and certified MWBEs for the purposes of complying with the MWBE goals of this Contract. 5. Dates of any pre-bid, pre-award, or other meetings attended by Contractor, if any, scheduled by OGS with certified MWBEs whom OGS determined were capable of fulfilling the MWBE goals set in the Contract. 6. Other information deemed relevant to the request.

  • Performance Targets Threshold, target and maximum performance levels for each performance measure of the performance period are contained in Appendix B.

  • PERFORMANCE OBJECTIVES 4.1 The Performance Plan (Annexure A) sets out- 4.1.1 the performance objectives and targets that must be met by the Employee; and 4.1.2 the time frames within which those performance objectives and targets must be met. 4.2 The performance objectives and targets reflected in Annexure A are set by the Employer in consultation with the Employee and based on the Integrated Development Plan, Service Delivery and Budget Implementation Plan (SDBIP) and the Budget of the Employer, and shall include key objectives; key performance indicators; target dates and weightings. 4.2.1 The key objectives describe the main tasks that need to be done. 4.2.2 The key performance indicators provide the details of the evidence that must be provided to show that a key objective has been achieved. 4.2.3 The target dates describe the timeframe in which the work must be achieved. 4.2.4 The weightings show the relative importance of the key objectives to each other. 4.3 The Employee’s performance will, in addition, be measured in terms of contributions to the goals and strategies set out in the Employer’s Integrated Development Plan.

  • Performance or Compliance Audits The Department may conduct or have conducted performance and/or compliance audits of the Contractor and subcontractors as determined by the Department. The Department may conduct an audit and review all the Contractor’s and subcontractors’ data and records that directly relate to the Contract. To the extent necessary to verify the Contractor’s fees and claims for payment under the Contract, the Contractor’s agreements or contracts with subcontractors, partners, or agents of the Contractor, pertaining to the Contract, may be inspected by the Department upon fifteen (15) calendar days’ notice, during normal working hours and in accordance with the Contractor’s facility access procedures where facility access is required. Release statements from its subcontractors, partners, or agents are not required for the Department or its designee to conduct compliance and performance audits on any of the Contractor’s contracts relating to this Contract. The Inspector General, in accordance with section 5.6, the State of Florida’s Chief Financial Officer, and the Office of the Auditor General shall also have authority to perform audits and inspections.

  • Project Goals The schedule, budget, physical, technical and other objectives for the Project shall be defined.