Partial Withdrawals. Subject to any restrictions under the terms of the Plan, the Owner may elect, by written notice to us, to make a partial withdrawal from the Divisions. Partial withdrawals are subject to the spousal consent rules set forth in Section 3.06. On the Transaction Date, we will pay the lesser of the Cash Value or the amount of partial withdrawal requested to the Owner (or such other person designated by the Owner to us in advance via written instructions). The amount paid plus any withdrawal charge applicable pursuant to Section 2.08 will be withdrawn from the amounts in the Divisions. Unless instructed otherwise, the amount withdrawn (including any withdrawal charge) will be allocated among the Divisions in proportion to the amounts in such Divisions. Upon any partial withdrawal payment, we will be released from any and all liability for payments with respect to the Contributions from which the amounts so withdrawn arose. Partial withdrawal payments may be deferred by us in accordance with the provisions of Section 4.07. We may decline to accept a request for a partial withdrawal of less than $300. If a withdrawal made under this Section would result in an Annuity Account Value of less than $500, we will so advise the Owner and reserve the right to pay the Annuity Account Value less any outstanding loan, and terminate this Contract.
Appears in 1 contract
Samples: Separate Account a of Equitable Life Assu Soc of the Us
Partial Withdrawals. Subject to any applicable restrictions under the terms of the Plan, and the Owner restrictions on distributions set forth in Section 2.10, you may elect, by written notice to us, to make a partial withdrawal from the Divisions. Partial For Plans subject to Title I of ERISA, partial withdrawals are may be subject to the spousal consent rules rules, if applicable, set forth in Section 3.06. On the Transaction DateFollowing receipt of your written notice, we will pay the lesser of the Cash Value Value, or the amount of partial withdrawal requested to the Owner (or person entitled to receive such other person designated by the Owner payment as you designate to us in advance via written instructions)writing. The amount paid plus any withdrawal charge applicable pursuant to Section 2.08 will be withdrawn from the amounts you have in the Divisions. Unless instructed otherwise, the amount withdrawn (including any withdrawal charge) will be allocated among the Divisions in proportion to the amounts that you have in such Divisions. Upon any partial withdrawal payment, we will be released from any and all liability for payments with respect to the Contributions from which the amounts so withdrawn arose. Partial withdrawal payments may be deferred by us in accordance with the provisions of Section 4.07. We may decline to accept a request for a partial withdrawal of less than $300, or where the request violates the provisions of Sections 2.07 or 3.06. If a withdrawal made under this Section would result in an Annuity Account Value of less than $500, we will so advise the Owner you and reserve the right to pay the Annuity Account Value less any outstanding loan, to you and terminate this Contract.
Appears in 1 contract
Samples: Separate Account a of Equitable Life Assu Soc of the Us
Partial Withdrawals. Subject to any restrictions under the terms of the Plan, the Owner you may elect, elect by written notice to us, us to make a partial withdrawal from the Divisions. Partial withdrawals are subject to the spousal consent rules set forth in Section 3.06. On the Transaction Date, we will pay the lesser of the Cash Value or the amount of partial withdrawal requested to the Owner (or such other person designated by the Owner to us in advance via written instructions)you. The amount paid plus any withdrawal charge applicable pursuant to Section 2.08 will be withdrawn from the amounts you have in the Divisions. Unless instructed otherwise, the amount withdrawn (including any withdrawal charge) will be allocated among the Divisions in proportion to the amounts that you have in such Divisions. We will pay the Cash Value or Annuity Account Value, as applicable, directly to you unless you give us written notice at the time of the withdrawal that you request us to make payment to the Annuitant or another person, and that such payment is permissible under the Plan. Upon any partial withdrawal payment, we will be released from any and all liability for payments with respect to the Contributions from which the amounts so withdrawn arose. Partial withdrawal payments may be deferred by us in accordance with the provisions of Section 4.07. We may decline to accept a request for a partial withdrawal of less than $300. If a withdrawal made under this Section would result in an Annuity Account Value of less than $500, we will so advise the Owner you and reserve the right to pay the Annuity Account Value less any outstanding loanto you, and terminate this Contract.
Appears in 1 contract
Samples: Separate Account a of Equitable Life Assu Soc of the Us
Partial Withdrawals. Subject to any applicable restrictions under the terms of the Plan, and the Owner restrictions on distributions set forth in Section 2.10, you may elect, by written notice to us, to make a partial withdrawal from the Divisions. Partial For Plans subject to Title I of ERISA, partial withdrawals are may be subject to the spousal consent rules if applicable, set forth in Section 3.06. On the Transaction DateFollowing receipt of your written notice, we will pay the lesser of the Cash Value Value, less any funds restricted pursuant to Section 2.13, or the amount of partial withdrawal requested to the Owner (or person entitled to receive such other person designated by the Owner payment as you designate to us in advance via written instructions)writing. The amount paid plus any withdrawal charge applicable pursuant to Section 2.08 will be withdrawn from the amounts you have in the Divisions. Unless instructed otherwise, the amount withdrawn (including any withdrawal charge) will be allocated among the Divisions in proportion to the amounts that you have in such Divisions. Upon any partial withdrawal payment, we will be released from any and all liability for payments with respect to the Contributions from which the amounts so withdrawn arose. Partial withdrawal payments may be deferred by us in accordance with the provisions of Section 4.07. We may decline to accept a request for a partial withdrawal of less than $300, or where the request violates the provisions of Sections 2.07 or 3.06. If a withdrawal made under this Section would result in an Annuity Account Value of less than $500, we will so advise the Owner you and reserve the right to pay the Annuity Account Value less any outstanding loan, to you and terminate this Contract.
Appears in 1 contract
Samples: Separate Account a of Equitable Life Assu Soc of the Us
Partial Withdrawals. Subject to any applicable restrictions under the terms of the Plan, the Owner you may elect, by written notice to us, to make a partial withdrawal from the Divisions. Partial withdrawals are subject to the spousal consent rules set forth in Section 3.06. On the Transaction Date, we will pay the lesser of the Cash Value or the amount of partial withdrawal requested to the Owner (or person entitled to receive such other person payment as designated in writing by the Owner to us in advance via written instructions)you. The amount paid plus any withdrawal charge applicable pursuant to Section 2.08 will be withdrawn from the amounts you have in the Divisions. Unless instructed otherwise, the amount withdrawn (including any withdrawal charge) will be allocated among the Divisions in proportion to the amounts that you have in such Divisions. Upon any partial withdrawal payment, we will be released from any and all liability for payments with respect to the Contributions from which the amounts so withdrawn arose. Partial withdrawal payments may be deferred by us in accordance with the provisions of Section 4.07. We may decline to accept a request for a partial withdrawal of less than $300. If a withdrawal made under this Section would result in an Annuity Account Value of less than $500, we will so advise the Owner you and reserve the right to pay the Annuity Account Value less any outstanding loanto you, and terminate this Contract.
Appears in 1 contract
Samples: Separate Account a of Equitable Life Assu Soc of the Us
Partial Withdrawals. Subject to any applicable restrictions under the terms of the Plan, and the Owner restrictions on distributions set forth in Section 2.10, you may elect, by written notice to us, to make a partial withdrawal from the Divisions. Partial For Plans subject to Title I of ERISA, partial withdrawals are may be subject to the spousal consent rules if applicable, set forth in Section 3.06. On the Transaction DateFollowing receipt of your written notice, we will pay the lesser of the Cash Value Value, less any funds restricted pursuant to Section 2.13, or the amount of partial withdrawal requested to the Owner (or person entitled to receive such other person designated by the Owner payment as you designate to us in advance via written instructions)writing. The amount paid plus any withdrawal charge applicable pursuant to Section 2.08 will be withdrawn from the amounts you have in the Divisions. Unless instructed otherwise, the amount withdrawn (including any withdrawal charge) will be allocated among the Divisions in proportion to the amounts that you have in such Divisions. Upon any partial withdrawal payment, we will be released from any and all liability for payments with respect to the Contributions from which the amounts so withdrawn arose. Partial withdrawal payments may be deferred by us in accordance with the provisions of Section 4.07. We may decline to accept a request for a partial withdrawal of less than $300, or where the request violates the provisions of Sections 2.07 or 3.06. If a withdrawal made under this Section would result in an Annuity Account Value of less than $500, we will so advise the Owner you and reserve the right to pay the Annuity Account Value less any outstanding loan, to you and terminate this Contract.
Appears in 1 contract
Samples: Separate Account a of Equitable Life Assu Soc of the Us
Partial Withdrawals. Subject to any applicable restrictions under the terms of the Plan, the Owner you may elect, by written notice to us, to make a partial withdrawal from the Divisions. Partial withdrawals are subject to the spousal consent rules set forth in Section 3.06. On the Transaction Date, we will pay the lesser of the Cash Value or the amount of partial withdrawal requested to the Owner (or person entitled to receive such other person payment as designated in writing by the Owner to us in advance via written instructions)you. The amount paid plus any withdrawal charge applicable pursuant to Section 2.08 will be withdrawn drawn from the amounts you have in the Divisions. Unless instructed otherwise, the amount withdrawn (including any withdrawal charge) will be allocated among the Divisions in proportion to the amounts that you have in such Divisions. Upon any partial withdrawal payment, we will be released from any and all liability for payments with respect to the Contributions from which the amounts so withdrawn arose. Partial withdrawal payments may be deferred by us in accordance with the provisions of Section 4.07. We may decline to accept a request for a partial withdrawal of less than $300. If a withdrawal made under this Section would result in an Annuity Account Value of less than $500, we will so advise the Owner you and reserve the right to pay the Annuity Account Value less any outstanding loanto you, and terminate this Contract.
Appears in 1 contract
Samples: Separate Account a of Equitable Life Assu Soc of the Us
Partial Withdrawals. Subject to any restrictions under the terms of the Plan, the Owner you may elect, elect by written notice to us, us to make a partial withdrawal from the Divisions. Partial withdrawals are subject to the spousal consent rules set forth in Section 3.06. On the Transaction Date, we will pay the lesser of the Cash Value or the amount of partial withdrawal requested to the Owner (or such other person designated by the Owner to us in advance via written instructions)you. The amount paid plus any withdrawal charge applicable pursuant to Section 2.08 will be withdrawn from the amounts you have in the Divisions. Unless instructed otherwise, the amount withdrawn (including any withdrawal charge) will be allocated among the Divisions in proportion to the amounts that you have in such Divisions. We will pay the Cash Value or Annuity Account Value, as applicable, directly to you unless you give us written notice at the time of the withdrawal that you request us to make payment to the Annuitant or another person, and that such payment is permissible under the Plan. Upon any partial withdrawal payment, we will be released from any and all liability for payments with respect to the Contributions from which the amounts so withdrawn arose. Partial withdrawal payments may be deferred by us in accordance with the provisions of Section 4.07. We may decline to accept a request for a partial withdrawal of less than $300. If a withdrawal made under this Section would result in an Annuity Account Value of less than $500, we will so advise the Owner you and reserve the right to pay the Annuity Account Value less any outstanding loanto you, and terminate this Contract.
Appears in 1 contract
Samples: Separate Account a of Equitable Life Assu Soc of the Us