Common use of Other Cash Benefits Clause in Contracts

Other Cash Benefits. Subject to the limitations provided in Section 5.1, prior to notification of Contract termination, the Contractholder may direct us to make a cash payment from your Participant Account to the Contractholder for the purpose of providing Plan benefits not specifically described in Section 5.2. This Section applies to any withdrawal to pay a Plan benefit payable because of the termination or partial termination of the Plan (as determined under applicable IRS guidelines and judicial precedent), or if the underlying reason for payment of the benefit results in the termination or partial termination of the Plan. If the entire Account Value is withdrawn, the amount paid equals your Withdrawal Value, subject to any charges described in Section 7. In all other instances, your Account Value is reduced by an amount sufficient to make the payment requested and to cover the Withdrawal Charge and any charges described in Section 7. However, despite the previous provisions of this Section, in the first Contract Year in which your Participant Account is established, the Contractholder may withdraw from your Participant Account up to 10% of the sum of your Account Value (determined as of the later of the Contract Date or the Contract Anniversary immediately preceding the request for the withdrawal) plus Contributions made for you during that Contract Year, without application of the Withdrawal Charge. The Contractholder may do the same in the next succeeding Contract Year. In any subsequent Contract Year, the Contractholder may withdraw from your Participant Account up to 10% of your Account Value (determined as of the Contract Anniversary immediately preceding the request for the withdrawal) without application of the Withdrawal Charge.

Other Cash Benefits. Subject to the limitations provided in Section 5.1, prior Prior to notification of Contract termination, the Contractholder may direct us to make a cash payment from your Participant Account to the Contractholder for the purpose of providing Plan benefits not specifically described in Section 5.2. This The Withdrawal Charge will be applied under this Section applies to any withdrawal to pay a Plan benefit payable because of the termination or partial termination of the Plan (as determined under applicable IRS guidelines and judicial precedent), or if the underlying reason for payment of the benefit results in the termination or partial termination of the Plan. If the entire Account Value is withdrawn, the amount paid equals your Withdrawal Value, subject to any charges described in Section 7. In all other instances, your Account Value is reduced by an amount sufficient to make the payment requested and to cover the Withdrawal Charge and any charges described in Section 7. However, despite Notwithstanding the previous provisions of this Sectionparagraph, in the first Contract Year in which your Participant Account is established, the Contractholder may withdraw from your Participant Account up to 10% of the sum of your Account Value (determined as of the later of the Contract Date or the Contract Anniversary immediately preceding the request for the withdrawal) plus Contributions made for you during that Contract Year, without application of the Withdrawal Charge. The Contractholder may do the same in In the next succeeding Contract Year, the Contractholder may also withdraw from your Participant Account up to 10% of the sum of your Account Value (determined as of the Contract Anniversary immediately preceding the request for the withdrawal) plus Contributions made for you during that Contract Year, without application of the Withdrawal Charge. In any subsequent Contract Year, the Contractholder may withdraw from your Participant Account up to 10% of your Account Value (determined as of the Contract Anniversary immediately preceding the request for the withdrawal) without application of the Withdrawal Charge.

Other Cash Benefits. Subject to the limitations provided in Section 5.1, prior Prior to notification of Contract contract termination, the Contractholder you may direct us to make a cash payment from your a Participant Account to the Contractholder you for the purpose of providing Plan benefits not specifically described in Section 5.2. This The Withdrawal Charge will be applied under this Section applies to any withdrawal to pay a Plan benefit payable because of the termination or partial termination of the Plan (as determined under applicable IRS guidelines and judicial precedent), or if the underlying reason for payment of the such benefit results in the termination or partial termination of the Plan. If the entire Account Value is withdrawn, the amount paid equals your the Withdrawal Value, subject to any charges described in Section 7. In all other instances, your the Account Value is reduced by an amount sufficient to make the payment requested and to cover the Withdrawal Charge and any charges described in Section 7. However, despite Notwithstanding the previous provisions of this Sectionparagraph, in the first Contract Year in which your a Participant Account is established, the Contractholder you may withdraw from your that Participant Account up to 10% of the sum of your the Account Value of that Participant Account (determined as of the later of the Contract Date or the Contract Anniversary immediately preceding the request for the withdrawal) plus Contributions made for you that Participant during that Contract Year, without application of the Withdrawal Charge. The Contractholder may do the same in In the next succeeding Contract Year, you may also withdraw from that Participant Account up to 10% of the sum of the Account Value of that Participant Account (determined as of the Contract Anniversary immediately preceding the request for the withdrawal) plus Contributions made for that Participant during that Contract Year, without application of the Withdrawal Charge. In any subsequent Contract Year, the Contractholder you may withdraw from your that Participant Account up to 10% of your the Account Value of that Participant Account (determined as of the Contract Anniversary immediately preceding the request for the withdrawal) without application of the Withdrawal Charge.. P-GB-K-ERTDAMFVA.11

Other Cash Benefits. Subject to the limitations provided in Section 5.1, prior to notification of Contract contract termination, the Contractholder you may direct us to make a cash payment from your a Participant Account to the Contractholder you for the purpose of providing Plan benefits not specifically described in Section 5.2. This Section applies to any withdrawal to pay a Plan benefit payable because of the termination or partial termination of the Plan (as determined under applicable IRS guidelines and judicial precedent), or if the underlying reason for payment of the such benefit results in the termination or partial termination of the Plan. If the entire Account Value is withdrawn, the amount paid equals your the Withdrawal Value, subject to any charges described in Section 7. In all other instances, your the Account Value is reduced by an amount sufficient to make the payment requested and to cover the Withdrawal Charge and any charges described in Section 7. However, despite the previous provisions of this Section, in the first Contract Year in which your a Participant Account is established, the Contractholder you may withdraw from your that Participant Account up to 10% of the sum of your the Account Value of that Participant Account (determined as of the later of the Contract Date or the Contract Anniversary immediately preceding the request for the withdrawal) plus Contributions made for you that Participant during that Contract Year, without application of the Withdrawal Charge. The Contractholder You may do the same in the next succeeding Contract Year. In any subsequent Contract Year, the Contractholder you may withdraw from your that Participant Account up to 10% of your the Account Value of that Participant Account (determined as of the Contract Anniversary immediately preceding the request for the withdrawal) without application of the Withdrawal Charge.