Common use of Financial Difficulties Clause in Contracts

Financial Difficulties. The Annuitant may withdraw from the Account an amount up to the lesser of the amount determined by the following Formula and 50% of the Year’s Maximum Pensionable Earnings minus any amount withdrawn in the calendar year under this paragraph from any locked-in registered retirement savings plan, or under paragraph 20.1(1)(m), 20.2(1)(e) or 20.3(1)(m) of the Regulation, if the following conditions are met,

Appears in 3 contracts

Samples: And Disclosure of Personal, nbdb.ca, nbdb.ca

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Financial Difficulties. The Annuitant may withdraw an amount from the Account an amount Fund up to the lesser of the amount determined by the following Formula set out below and 50% of the Year’s Maximum Pensionable Earnings minus any amount withdrawn in the calendar year under this paragraph from any locked-in registered retirement savings plan, Restricted LIF or under paragraph 20.1(1)(m20(1)(d), 20.2(1)(e20.1(1)(m) or 20.3(1)(m20.2 (1)(e) of the Regulation, Regulation if the following conditions are met,

Appears in 3 contracts

Samples: And Disclosure of Personal, nbdb.ca, nbdb.ca

Financial Difficulties. The Annuitant may withdraw an amount from the Account an amount Fund up to the lesser of the amount determined by the following Formula set out below and 50% of the Year’s Maximum Pensionable Earnings minus any amount withdrawn in the calendar year under this paragraph from any locked-in registered retirement savings plan, LIF or under paragraph 20.1(1)(m20(1)(d), 20.2(1)(e) or 20.3(1)(m) of the Regulation, Regulation if the following conditions are met,

Appears in 3 contracts

Samples: And Disclosure of Personal, nbdb.ca, nbdb.ca

Financial Difficulties. The Annuitant may withdraw from the Account an amount up to the lesser of the amount determined by the following Formula set out below and 50% of the Year’s Maximum Pensionable Earnings minus any amount withdrawn in the calendar year under this paragraph from any lockedRestricted Locked-in registered retirement savings plan, RRSP or under paragraph 20.1(1)(m20(1)(d), 20.2(1)(e20.1(1)(m) or 20.3(1)(m) of the Regulation, if the following conditions are met,

Appears in 3 contracts

Samples: And Disclosure of Personal, nbdb.ca, nbdb.ca

Financial Difficulties. The Annuitant may withdraw an amount from the Account an amount up to the lesser of the amount determined by the following Formula set out below and 50% of the Year’s Maximum Pensionable Earnings minus any amount withdrawn in the calendar year from any Locked-in RRSP under this paragraph from any locked-in registered retirement savings plan, or under paragraph 20.1(1)(m20.1(1)m), 20.2(1)(e20.2(1)e) or 20.3(1)(m20.3(1)m) of the Regulation, Regulation if the following conditions are met,:

Appears in 1 contract

Samples: www.nationalbank.com

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Financial Difficulties. The Annuitant may withdraw an amount from the Account an amount Fund up to the lesser of the amount determined by the following Formula set out below and 50% of the Year’s Maximum Pensionable Earnings minus any amount withdrawn in the calendar year from any Restricted LIF under this paragraph from any locked-in registered retirement savings plan, or under paragraph 20.1(1)(m20(1)d ), 20.2(1)(e20.1(1)m) or 20.3(1)(m20.2(1)e) of the Regulation, Regulation if the following conditions are met,:

Appears in 1 contract

Samples: www.nbc.ca

Financial Difficulties. The Annuitant may withdraw an amount from the Account an amount up to the lesser of the amount determined by the following Formula set out below and 50% of the Year’s Maximum Pensionable Earnings minus any amount withdrawn in the calendar year from any Restricted Locked-in RRSP under this paragraph from any locked-in registered retirement savings plan, or under paragraph 20.1(1)(m20(1)d ), 20.2(1)(e20.1(1)m) or 20.3(1)(m20.3(1)m) of the Regulation, Regulation if the following conditions are met,:

Appears in 1 contract

Samples: www.nbc.ca

Financial Difficulties. The Annuitant may withdraw an amount from the Account an amount Fund up to the lesser of the amount determined by the following Formula set out below and 50% of the Year’s Maximum Pensionable Earnings minus any amount withdrawn in the calendar year from any LIF under this paragraph from any locked-in registered retirement savings plan, or under paragraph 20.1(1)(m20(1)d ), 20.2(1)(e20.2(1)e) or 20.3(1)(m20.3(1)m) of the Regulation, Regulation if the following conditions are met,:

Appears in 1 contract

Samples: www.nbc.ca

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