Sentences with phrase «equal monthly installment amounts»

If a policyholder having a policy with accident benefit rider option happens to meet with an accident due to which he / she becomes permanently disabled within 180 days of occurrence of the accident then the company shall pay the policyholder equal monthly installment amounts for ten years and the value of all these installment amounts will be equivalent to the accident benefit sum assured amount.

Not exact matches

If we terminate Mr. Drexler's employment without cause or he terminates his employment with good reason, Mr. Drexler will be entitled to receive (i) a payment of his earned but unpaid annual base salary through the termination date, any accrued vacation pay and any un-reimbursed expenses, and (ii) subject to Mr. Drexler's execution of a valid general release and waiver of claims against us, as well as his compliance with the non-competition, non-solicitation and confidential information restrictions described below, (a) a payment equal to his annual base salary and target cash incentive award, one - half of such payment to be paid on the first business day that is six (6) months and one (1) day following the termination date and the remaining one - half of such payment to be paid in six equal monthly installments commencing on the first business day of the seventh calendar month following the termination date, (b) a payment equal to the product of (x) the last annual cash incentive award Mr. Drexler received prior to the termination date and (y) a fraction, the numerator of which is the number of days of service completed by Mr. Drexler in the year of termination and the denominator of which is 365, such amount to be paid on the first business day that is six (6) months and one (1) day following the termination date, and (c) the immediate vesting of such portion of unvested restricted shares and stock options as provided and pursuant to the terms of the relevant grant agreements under our 2003 Equity Incentive Plan.

Consider an initial loan amount of $ 1,000, at 2 percent interest per month for 6 months, with equal monthly installment payments of $ 178.53 per month.

The beauty of an installment loan is that you can spread the repayments into equal amounts over the period of the loan and therefore place the installment amount into the monthly budget you are going to follow.

Similar to an equity loan, you can receive the loan amount in a single lump sum or in equal monthly installments paid to you from the creditor, which is why it is a reverse mortgage — you receive payments rather than make them each month.

The fee assessed will be equal to 5.0 % of the amount of the unpaid monthly installment, or $ 15.00, whichever is greater.

In case of permanent accidental disability an amount equal to Accident benefit sum is paid if the form of equal monthly installments spread over a period of 10 years and future premiums for Accident benefit sum assured along with premium for the portion of Basic sum assured is also given.

In case of death of the life insured, this plan pays 50 % of the death sum assured as a lump sum and the balance amount is then paid as equal monthly installments for a period till the nominated child attains 21 years.

In case of accidental permanent disability arising due to accident (within 180 days from the date of accident), an amount equal to the Accident Benefit Sum Assured will be paid is equal monthly installments spread over 10 years and future premiums for accident benefit sum assured as well as premium for the portion of basic sum assured which is equal to accident benefit sum, assured under the policy, shall be waived.