Early Withdrawals. 4.3.1 Any Withdrawals prior to the younger of the Participant and any Joint Participant reaching the withdrawal age as shown on the Data Pages, are Early Withdrawals. Early Withdrawals will reduce the Certificate Owner(s)’s Withdrawal Guarantee. 4.3.2 The adjusted Withdrawal Guarantee, after an Early Withdrawal, is the lesser of (a) and (b), where: (a) is the Withdrawal Guarantee on the Valuation Day prior to the Withdrawal; and (b) is equal to (i) multiplied by (ii), where: (i) is the Account Value, subject to the Account Limit; and (ii) is the Withdrawal Guarantee Factor for the Attained Age. 4.3.3 In the event of an Early Withdrawal, we will restore the Withdrawal Guarantee if, within 30 days the Certificate Owner both (i) makes Additions equal to or greater than the Early Withdrawal amount and (ii) requests a restoration of the Withdrawal Guarantee. The Contract Owner may make this request on the Certificate Owner’s behalf.
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Samples: Group Guaranteed Income Annuity Contract (Genworth Life & Annuity Insurance Co), Group Guaranteed Income Annuity Contract (Genworth Life & Annuity Insurance Co), Group Guaranteed Income Annuity Contract (Genworth Life & Annuity Insurance Co)
Early Withdrawals. 4.3.1 Any Withdrawals prior to the Participant or the younger of the Participant and any Joint Participant reaching the withdrawal age as shown on the Data Pages, are Early Withdrawals. Early Withdrawals will reduce the Certificate Owner(s)’s your Withdrawal Guarantee.
4.3.2 The adjusted Withdrawal Guarantee, after an Early Withdrawal, is the lesser of (a) and (b), where:
(a) is the Withdrawal Guarantee on the Valuation Day prior to the Withdrawal; and
(b) is equal to (i) multiplied by (ii), where:
(i) is the Account Value, subject to the Account Limit; and;
(ii) is the Withdrawal Guarantee Factor for the Attained Age.
4.3.3 In the event of an Early Withdrawal, we will restore the Withdrawal Guarantee if, within 30 days the Certificate Owner both both: (i) makes Additions equal to or greater than the Early Withdrawal amount and (ii) requests a restoration of the Withdrawal Guarantee. The Contract Owner may make this request on the Certificate Owner’s behalf.
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Samples: Annuity Certificate (Genworth Life & Annuity Insurance Co)