Common use of Cancellation of Contribution Units Clause in Contracts

Cancellation of Contribution Units. After receipt of a Retirement Benefit Notice, MPF shall, subject to Clause 2.4, cancel the required number of Contribution Units as at the appropriate Dealing Day and calculate the redemption value of the cancelled Contribution Units in the Base Currency in accordance with the following formula: V = N times UP (adjusted) Wherein:

Cancellation of Contribution Units. After receipt of a Retirement Benefit NoticeRedemption Instruction, MPF shall, subject to Clause 2.4, cancel the required number of Contribution Units as at the appropriate Dealing Day and calculate the redemption value of the cancelled Contribution Units in the Base Currency in accordance with the following formula: V = N times UP (adjusted) Wherein:

Cancellation of Contribution Units. After receipt of a Retirement Benefit Notice, MPF shall, subject to Clause 2.4, cancel the required number of Contribution Units as at the appropriate Dealing Day and calculate the redemption value of the cancelled Contribution Units in the Base Currency in accordance with the following formulaformula (as relevant, depending on whether the Sub-Fund is a Forward Priced Sub-Fund or an As-of Sub-Fund):: Forward Priced Sub-Funds V = (N times UP (adjustedUP) minus Anti-Dilution Levy Wherein: