Early Withdrawal Policy Sample Clauses

Early Withdrawal Policy. The Board of Trustees must make budget decisions prior to the start of each new school year based on a projected number of families expected to attend the school. Staffing needs are then determined and met, and contracts are signed, etc., thus cementing financial obligations for the school for the coming school year based on these projections. Therefore, although students may decide to withdraw, the school’s financial obligations remain. Withdrawal from the school has a direct negative effect on our expected income stream, and therefore our ability to operate a financially viable school. This is why the industry standard for tuition-dependent schools is that payment of tuition for the entire school year is required of all families, including in the event of withdrawal. In order to follow through on our ability to pay staff and teachers, and operate the school according to a balanced budget, this new policy effective and beginning with the 2024-2025 school year, and the 2024 spring registration season for this upcoming school year, and moving forward, shall be as follows: Full payment of tuition for the entire school year shall be required, including in the event of a student’s withdrawal occurring after July 1st of the coming school year.
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Early Withdrawal Policy. We reserve the right to permit withdrawals of principal only upon maturity. If we permit you to make an early withdrawal of principal, we are permitted to charge you an early withdrawal penalty, regardless of the length of time the funds withdrawn have remained in the Account. The early withdrawal penalty applicable to your CD is explained in the Deposit Account Disclosure or the BMO Xxxxxx Bank Business Service Fee Schedule.
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Early Withdrawal Policy. Families withdrawing from St. Mary’s School from August 1, 2018 through December 14, 2018 are asked to provide the school office with written notice of withdrawal, 30 days before student’s last day. In the absence of this notification, an administrative charge of one-month tuition will be applied. Students who withdraw from the school after December 14, 2018 are responsible for payment for the entire school year. Registration deposits and workbook and activity fees are non-refundable.
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Early Withdrawal Policy. We want to be sensitive to the financial stress on every family during this time of COVID and uncertainty. Since so many have asked about the policy, we are stating it here for your information. ● St. Wenceslaus School carefully budgets for how many students will be in attendance during each school year. The school fiscal year runs from July 1 to June 30. When a student is withdrawn from school after July 1 to the end of a contract year, a hardship is presented to our school community. With that in mind, the following payment schedule shall be adhered to: ● Prior to September 30 – 25% of the total tuition and fundraising commitment is payable to school. ● Prior to November 15 – 50% of the total tuition and fundraising commitment is payable to school. ● Prior to January 15– 75% of the total tuition and fundraising commitment is payable to school. ● After January 15 – 100% of the total tuition and fundraising commitment is payable to school. ****Please note that if school starts out face to face and transitions into distance learning for a short time or a longer period, the school is ready to provide a full distance learning program and the above policy will remain in place for K -8 students. By signing below I agree to make tuition/fundraising payments for the 2021 – 2022 school year and follow the fundraising requirements with all tuition/fundraising paid in full by April 30, 2022. Signature Date
Sample 1
Early Withdrawal Policy. We want to be sensitive to the financial stress on every family during this time of COVID and uncertainty. Since so many have asked about the policy, we are stating it here for your information. • St. Wenceslaus School carefully budgets for how many students will be in attendance during each school year. The school fiscal year runs from July 1 to June 30. When a student is withdrawn from school after July 1 to the end of a contract year, a hardship is presented to our school community. With that in mind, the following payment schedule shall be adhered to: • Prior to September 30 – 25% of the total tuition and fundraising commitment is payable to school. • Prior to November 15 – 50% of the total tuition and fundraising commitment is payable to school. • Prior to January 15– 75% of the total tuition and fundraising commitment is payable to school. • After January 15 – 100% of the total tuition and fundraising commitment is payable to school. ****Please note that if school starts out face to face and transitions into distance learning for a short time or a longer period, the school is ready to provide a full distance learning program and the above policy will remain in place for K-8 students. By signing below I agree to make tuition/fundraising payments for the 2022 – 2023 school year and follow the fundraising requirements with all tuition/fundraising paid in full by April 30, 2023. Signature Date Registration for enrolling your child/ren at St. Wenceslaus School for the upcoming year begins in February. A non-refundable registration fee of $50 for each student will be required at the time of registration through March 15th. After March 15th a non-refundable registration fee of $100 for each student is required. The registration fee does not go towards your tuition. Class sizes for grades K - 8 will be determined by the School Advisory Board and Principal based on enrollment registrations. Consideration will be given to special circumstances (i.e. students w/special needs, space requirement, etc.). Class sizes may vary at different grade levels and within the grade level.
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Related to Early Withdrawal Policy

  • Early Withdrawal Penalty Unless provided otherwise in the Disclosures, we will assess an early withdrawal penalty on any withdrawal, either partial or in whole, that we allow you to make from your account prior to the account's maturity date. The method for determining that penalty is described in the Disclosures.

  • Early Withdrawal Provisions We will impose a penalty if You withdraw any of the principal funds before the maturity date. The penalty imposed will equal the sum of the $25.00 administrative fee plus 180 days of dividends on the amount withdrawn. Renewal Policies. Your Account will renew automatically upon maturity and You will have a seven-calendar-day grace period immediately following the maturity of Your Account during which You may make withdrawals from Your Account without penalty.

  • Voluntary Withdrawal If any Partner should withdraw from the Partnership, they must give at least days’ written notice to the Partnership. Such withdrawal shall have no effect on the day-to-day operations of the Partnership.

  • Withdrawal Conditions; Withdrawal Period 1. Notwithstanding the provisions of Part A of this Section, no withdrawal shall be made for payments made prior to the date of this Agreement. 2. The Closing Date is June 30, 2013.

  • Withdrawal Events In the event of the death, retirement, withdrawal, expulsion, or dissolution of a Member, or an event of bankruptcy or insolvency, as hereinafter defined, with respect to a Member, or the occurrence of any other event which terminates the continued membership of a Member in the Company pursuant to the Statutes (each of the foregoing being hereinafter referred to as a “Withdrawal Event”), the Company shall terminate sixty days after notice to the Members of such withdrawal Event unless the business of the Company is continued as hereinafter provided. Notwithstanding a Withdrawal Event with respect to a Member, the Company shall not terminate, irrespective of applicable law, if within aforesaid sixty day period the remaining Members, by the unanimous vote or consent of the Members (other than the Member who caused the Withdrawal Event), shall elect to continue the business of the Company. In the event of a Withdrawal Event with respect to an Member, any successor in interest to such Member (including without limitation any executor, administrator, heir, committee, guardian, or other representative or successor) shall not become entitled to any rights or interests of such Member in the Company, other than the allocations and distributions to which such Member is entitled, unless such successor in interest is admitted as a Member in accordance with this Agreement. An “event of bankruptcy or insolvency” with respect to a Member shall occur if such Member:

  • No Withdrawal No Person shall be entitled to withdraw any part of such Person’s Capital Contribution or Capital Account or to receive any Distribution from the Company, except as expressly provided in this Agreement.

  • Involuntary Withdrawal Involuntary withdrawal of a Partner shall include, but not be limited to, the following: a.) Death of a Partner; b.) Partner that becomes incapacitated or not able to make decisions on their own as determined by a licensed physician; c.) A handicap of a Partner that prevents the individual from carrying out their Partnership duties and obligations; d.) Incompetence or negligence of a Partner; e.) A Partner’s breach of fiduciary duties;

  • Withdrawal Before Bidding 7.1. Registered E-Bidders, who have completed the 10% deposit payment, are entitled to withdraw from the auction at least one (1) working day before the auction date by 5.00 pm. 7.2. The 10% deposit will be refunded back to the E-Bidders within three (3) working days via online banking.

  • Withdrawal from Agreement A. Any Fund may elect to withdraw from this Agreement effective at the end of any monthly period by giving at least 90 days’ prior written notice to each of the parties to this Agreement. Upon the written demand of all other Funds which are parties to this Agreement a Fund shall withdraw, and in the event of its failure to do so shall be deemed to have withdrawn, from this Agreement; such demand shall specify the date of withdrawal which shall be at the end of any monthly period at least 90 days from the time of service of such demand. B. In the event of the withdrawal of any Fund from this Agreement, all its rights and obligations, except for lease commitments, under this Agreement (except such rights or obligations as have accrued prior to the date of withdrawal) shall terminate as of the date of the withdrawal. The withdrawing Fund shall surrender its Shares to Service Company, and (1) shall be entitled to receive from Service Company an amount equal to the excess of the fair value of (i) its Shares of other securities Service Company as of the date of its withdrawal less (ii) its proportionate interest in any liabilities of Service Company, including when appropriate any commitments of Service Company and unexpired leases at the date of withdrawal; (2) shall be obligated to pay Service Company an amount equal to the excess of (ii) over (i). Such amount to be received from or paid to Service Company shall be determined by the favorable vote of the holders of a majority of the Shares whose determination shall be conclusive upon the Funds. Any amount found payable by the Service Company to the withdrawing Fund shall be recoverable by Service Company from the Funds remaining under this Agreement in accordance with the provisions of Section 1.2, 1.3 and 1.4 hereof.

  • WITHDRAWAL PROVISIONS At or before the Income Date, the Owner may withdraw all or part of the amounts under this Contract by informing the Company at the Service Center. For full withdrawal, this Contract, or a completed Lost Contract Affidavit, must be returned to the Service Center. Premiums withdrawn from the Contract Value may be subject to a Withdrawal Charge and Recapture Charge as explained in more detail below. Premiums that are no longer subject to the Withdrawal Charge and Recapture Charge (and not previously withdrawn), plus earnings may be withdrawn free of Withdrawal Charges and Recapture Charges at any time. Upon full withdrawal, the Owner will receive the Withdrawal Value. The Withdrawal Value will be based on values at the end of the Business Day in which the request for withdrawal is received at the Service Center in Good Order. In no event shall the amount withdrawn, whether a full withdrawal or partial withdrawal, exceed the Withdrawal Value. Except in connection with a systematic withdrawal program, the minimum partial withdrawal amount is $500, or if less, the Owner's entire interest in the Investment Division or Fixed Account Option from which a withdrawal is requested. The Owner's interest in the Investment Division or Fixed Account Option from which the withdrawal is requested must be at least [$100] after the withdrawal is completed or the Owner's entire interest in the Investment Division or Fixed Account Option will be withdrawn. Unless otherwise specified, the withdrawal will be made from each Investment Division and each Fixed Account Option in proportion to their current value. Withdrawals will be based on values at the end of the Business Day on which the request for withdrawal is received in Good Order at the Service Center. The Company will waive the Withdrawal Charge and Recapture Charge on any withdrawal necessary to satisfy the minimum distribution requirements of the Internal Revenue Code. Any withdrawal in excess of the required minimum distribution will cause the entire amount to be subject to any applicable Withdrawal Charge and Recapture Charge. You may elect to take a systematic withdrawal by surrendering a specific sum or a certain percentage on a monthly, quarterly, semiannual or annual basis, subject to a $50 minimum withdrawal. Such withdrawals will be counted in determining the portion of the Contract Value taken as an Additional Free Withdrawal. Systematic withdrawals in excess of the Additional Free Withdrawal amount may be subject to a Withdrawal Charge and Recapture Charge.

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