Free Withdrawals Sample Clauses

Free Withdrawals. During each year, beginning on the Effective Date and renewing on each anniversary of the Effective Date, the Owner is allowed a percentage of withdrawals that are free of a Withdrawal Charge. The annual amount of free withdrawals is 10% of the sum of Contributions that are less than the surrender charge period and that were made as of the most recent Effective Date anniversary. For purposes of calculating subsequent Withdrawal Charges, free withdrawals reduce the amount of the oldest remaining Contribution(s).
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Free Withdrawals. During a Contract Year, you may withdraw free of Withdrawal Charges your Earnings plus your “Eligible Purchase Payments”. Eligible Purchase Payments include the Free Withdrawal Percentage of all remaining Purchase Payments at the beginning of a Contract Year that have an “age” of less than the Free Withdrawal Contract Year Age, plus the Free Withdrawal Percentage of any Purchase Payments received by us during that Contract Year, plus 100% of all remaining Purchase Payments that have an “age” greater than or equal to the Free Withdrawal Contract Year Age. Any portion of your Eligible Purchase Payments not withdrawn during a Contract Year may not be carried over to the next Contract Year.
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Free Withdrawals. During the first Contract Year, you may withdraw free of withdrawal charges amounts up to 10% of the Purchase Payments, less previous withdrawals. During the second through sixth Contract Years, you may withdraw 10% of the Contract Value as of the prior Contract Anniversary, less any withdrawals taken during the current Contract Year, free of withdrawal charges. There are no withdrawal charges beyond the sixth Contract Year. The amount available for free withdrawal is not cumulative. Any amount eligible for free withdrawal in a Contract Year that is no taken may not be carried over and be available to be taken free of the withdrawal charge in a later Contract Year.
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Free Withdrawals. 14 Earnings..................................................................14
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Free Withdrawals. 14 Option 2 - Life with Period Certain ........... 25 Earnings ...................................... 14 Option 3 - Joint and Survivor Life ............ 25
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Free Withdrawals. During the first Contract Year, you may withdraw free of withdrawal charges amounts up to 10% of the Purchase Payments, less previous withdrawals. During the second through sixth Contract Years, you may withdraw 10% of the Contract Value as of the prior Contract Anniversary, less any withdrawals taken during the current Contract Year, free of withdrawal charges. There are no withdrawal charges beyond the sixth Contract Year. The amount available for free withdrawal is not cumulative. Any amount eligible for free withdrawal in a Contract Year that is no taken may not be carried over and be available to be taken free of the withdrawal charge in a later Contract Year. ICC09:10-1169
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Related to Free Withdrawals

  • Permissible Withdrawals The Servicer may make withdrawals from each related Custodial P&I Account solely for the following:

  • In-Service Withdrawals If elected in the Adoption Agreement, an Employer may elect to permit a Participant in the Plan to make an in-service withdrawal, subject to any limitation(s) specified in the Adoption Agreement.

  • Partial Withdrawals At any time any Holder shall be entitled to request a withdrawal of such portion of the Interest held by such Holder as such Holder shall request.

  • Plan Withdrawals The Borrower or any member of the Controlled Group as employer under a Multiemployer Plan shall have made a complete or partial withdrawal from such Multiemployer Plan and the plan sponsor of such Multiemployer Plan shall have notified such withdrawing employer that such employer has incurred a withdrawal liability in an annual amount exceeding $1,000,000;

  • Hardship Withdrawals Hardship withdrawals, as provided for in paragraph 6.9 of the Basic Plan Document #04, [X] are [ ] are not permitted.

  • Withdrawals Each of the Members does hereby covenant and agree that it will not withdraw, resign, retire or disassociate from the Company, except as a result of a Transfer of its entire Interest in the Company permitted under the terms of this Agreement and that it will carry out its duties and responsibilities hereunder until the Company is terminated, liquidated and dissolved under Section 13. No Member shall be entitled to receive any distribution or otherwise receive the fair market value of its Interest in compensation for any purported resignation or withdrawal not in accordance with the terms of this Agreement.

  • 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.

  • Distribution Upon Withdrawal No withdrawing Member shall be entitled to receive any distribution or the value of such Member’s Interest in the Company as a result of withdrawal from the Company prior to the liquidation of the Company, except as specifically provided in this Agreement.

  • Deposits and Withdrawals Each person when depositing such securities or similar investments in or withdrawing them from a Securities Depository or when ordering their withdrawal and delivery from the safekeeping of the Custodian, shall comply with the requirements of Rule 17f-2(e).

  • Transfers and Withdrawals 26 Section 11.1 Transfer......................................................... 26 Section 11.2 Limited Partners' Rights to Transfer............................. 26 Section 11.3

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