Common use of Amount of Penalty Clause in Contracts

Amount of Penalty. For account terms 3 up to 36 months, the amount of the early withdrawal penalty is 90 days’ dividends. For account terms 36 to 60 months, the amount of the early withdrawal penalty is 180 days’ dividends.

Amount of Penalty. For account terms 3 up to 36 monthsUnless otherwise specifically stated, the amount of the early withdrawal penalty for your account is 90 days’ dividends. For account up to 30 days dividends for terms 36 up to 60 6 months, the amount of the early withdrawal penalty is 90 days dividends for terms up to 18 months and up to 180 days’ dividendsdays dividends on terms 24 months and longer.

Amount of Penalty. For account terms 3 up to 36 monthsall accounts, the amount of the early withdrawal penalty is based on the term of your account. The penalty schedule is as follows: • Term of 6 Months – equivalent of 30 days earned dividends • Term of 12 Months – equivalent of 90 days’ days earned dividends • Term of 24 Months – equivalent of 180 days earned dividends • Term of 36 Months – equivalent of 180 days earned dividends. For account terms 36 to 60 months, the amount of the early withdrawal penalty is 180 days’ dividends.