Common use of Employer plan fee withdrawals Clause in Contracts

Employer plan fee withdrawals. To the extent provided by the terms of the employer plan, and in accordance with CREF’s procedures, CREF will withdraw amounts from the accumulation units of the accounts under this contract, to pay fees associated with the administration of the plan. The amount and the effective date of an employer plan fee withdrawal will be in accordance with the terms of the employer plan. CREF will determine all values as of the end of the effective date in accordance with the Rules of the Fund. An employer plan fee withdrawal cannot be revoked after it has been withdrawn. An employer plan fee withdrawal reduces the accumulation from which it is paid by the amount withdrawn.

Employer plan fee withdrawals. To the extent provided by The contractholder may, in accordance with the terms of the employer plan, and in accordance with CREF’s procedures, instruct CREF will to withdraw amounts from the accumulation units of the accounts under this contract, to pay fees associated with the administration of the plan. The amount and the effective date of an employer plan fee withdrawal will be in accordance with the terms of the employer plan. CREF will determine all values as of the end of the effective date in accordance with the Rules of the Fund. An employer plan fee withdrawal cannot be revoked after it has been withdrawn. An employer plan fee withdrawal reduces the accumulation from which it is paid by the amount withdrawn.