Common use of Disability Payments Clause in Contracts

Disability Payments. The Annuitant may apply to have the property of the Plan withdrawn as a lump sum payment or series of payments where the life expectancy of the Annuitant is likely to be shortened to less than two years due to mental or physical disability, as evidenced by the written opinion of a qualified medical practitioner. Such application by the Annuitant must be in the form and manner required by Pension Legislation, and, if the Annuitant has a Spouse on the date the Annuitant signs the application, must be accompanied by a waiver by the Spouse, in the form and manner required by Pension Legislation.

Appears in 5 contracts

Samples: Locked in Retirement Account (Lira) Addendum Agreement, Locked in Retirement Account (Lira) Addendum Agreement, Locked in Retirement Account (Lira) Addendum Agreement

AutoNDA by SimpleDocs

Disability Payments. The Annuitant may apply to have the property of the Plan Fund withdrawn as a lump sum payment or series of payments where the life expectancy of the Annuitant is likely to be shortened to less than two years due to mental or physical disability, as evidenced by the written opinion of a qualified medical practitioner. Such application by the Annuitant must be in the form and manner required by Pension Legislation, and, if the Annuitant has a Spouse on the date the Annuitant signs the application, must be accompanied by a waiver by the Spouse, in the form and manner required by Pension Legislation.

Appears in 3 contracts

Samples: Life Income Fund (Lif) Addendum Agreement, Addendum Agreement, Addendum Agreement

AutoNDA by SimpleDocs

Disability Payments. The Annuitant may apply to have the property of the Plan Fund withdrawn as a lump sum payment or series of payments where the life expectancy of the Annuitant is likely to be shortened to less than two years due to mental or physical disability, as evidenced by the written opinion of a qualified medical practitioner. Such application by the Annuitant must be in the form and manner required by Pension Legislation, and, if the Annuitant has a Spouse on the date the Annuitant signs the application, must be accompanied by a waiver by the Spouse, in the form and manner required by Pension Legislation.

Appears in 1 contract

Samples: Locked in Retirement Income Fund (Lrif) Addendum Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!