How the Penalty Works. The penalty is calculated as a forfeiture of part of the dividends that have been or would be earned at the nominal dividend rate on the account. It applies whether or not the dividend has been earned. In other words, if the account has not yet earned enough dividends or if the dividends have already been paid, the penalty will be deducted from the principal.
Appears in 6 contracts
Samples: Master Account Agreement, www.self-help.org, www.self-help.org
How the Penalty Works. The penalty is calculated as a forfeiture of part of the dividends that have been or would be have been earned at the nominal dividend rate on the account. It applies whether or not the dividend has dividends have been earned. In other words, if the account has not yet earned enough dividends dividends, or if the dividends have already been paid, the penalty will be deducted from the principal.
Appears in 2 contracts
Samples: www.ucumaine.com, www.ucu.maine.edu
How the Penalty Works. The penalty is calculated as a forfeiture of part of the dividends that have been or would be earned at the nominal dividend rate on the account. It applies whether or not the dividend has dividends have been earned. In other words, if the account has not yet earned enough dividends or if the dividends have already been paid, the penalty will be deducted from the principal.
Appears in 2 contracts
Samples: Membership and Account Agreement, Membership and Account Agreement
How the Penalty Works. The penalty is calculated as a forfeiture of part of the dividends that have been or would be earned at the nominal dividend rate on the account. It applies whether or not the dividend has dividends have been earned. In other words, if the account has not yet earned enough dividends or if the dividends have dividend has already been paid, the penalty will be deducted from the principal. The penalty will be calculated based upon the principal balance at the beginning of the current term regardless of the actual balance at time of early withdrawal.
Appears in 1 contract
Samples: www.oneazcu.com
How the Penalty Works. The penalty is calculated as a forfeiture of part of the dividends interest that have has been or would be earned at the nominal dividend rate on the account. It applies whether or not the dividend interest has been earned. In other words, if the account has not yet earned enough dividends interest or if the dividends have interest has already been paid, the penalty will be deducted from the principal.
Appears in 1 contract
Samples: Membership and Account Agreement
