PARTICIPANT'S WITHDRAWAL Sample Clauses

PARTICIPANT'S WITHDRAWAL. A Participant may make withdrawals from his Participant's Account. The minimum withdrawal is $500, or the dollar value of his Account if smaller. Payment to the Participant will normally be made within seven days of Prudential's receipt of a duly completed request for it. However, it may be paid at a later day if permitted under the Investment Company Act of 1940. The amount paid to the Participant will be the dollar amount withdrawn less the withdrawal charge determined from the following table and the Annual Account Charge if it applies. The amount payable is also referred to as the "Withdrawal Value". TABLE Withdrawals made in the months indicated, counting from the day the Participant's Account was Withdrawal Charge per $1.00 established* being withdrawn.** -------------------------------- --------------------------- First 24 months $0.06 Next 36 months 0.05 Next 60 months 0.03 Next 60 months 0.02 Thereafter 0.00 *Or, if earlier, the day an Account was established for him under a companion contract (or under a similar contract if section 3.5 applies). **No charge is made after the amount withdrawn equals the contributions made for the Participant. As of the first day no amounts remain in a Participant's Account or in an Account for him under a companion contract, his Account is cancelled. This section may be changed as provided in section 5.1.
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PARTICIPANT'S WITHDRAWAL. A Participant may make withdrawals from his Participant's Account. The minimum withdrawal is $500, or the dollar value of his Account if smaller. Payment to the Participant will normally be made within seven days of Prudential's receipt of his request for it. However, it may be paid at a later day if permitted under the Investment Company Act of 1940. The amount paid to the Participant will be the dollar amount withdrawn less the withdrawal charge determined from the following table and the Annual Account Charge if it applies. The amount payable is also referred to as the "Withdrawal Value".
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PARTICIPANT'S WITHDRAWAL. A Participant may make withdrawals from his Participant's Account subject to any conditions specified in the Plan, if any. However, withdrawals attributable to (i) Salary-Annuity Agreement contributions made on or after January 1, 1989 and (ii) income credited on or after January l, 1989 to any Salary-Annuity Agreement contributions, may not be made prior to the Participant's attainment of age 59 1/2, except upon the occurrence of one of the following events: . separation from service with the employer sponsoring the Plan or Salary-Annuity Agreement arrangement under the contract; . Disability Retirement, in accordance with Code Section 72(m)(7) or in accordance with the terms of the Plan, if any; or . Financial Hardship, in accordance with the terms of the Plan, if any or on a basis mutually agreed upon between the Contract-Holder and Prudential which will be uniformly applicable to all Participants similarly situated. Prudential may require proof, in a form satisfactory to it, that one of the preceding events has occurred before honoring any request for a withdrawal described in the preceding paragraph. Withdrawals attributable to Salary-Annuity Agreement contributions made on or before December 31, 1988 and any income credited to such contributions as of December 31, 1988, will not be subject to the provisions of the preceding two paragraphs. Income attributable to Salary-Annuity Agreement contributions made on and after January 1, 1989 may not be withdrawn in the case of Financial Hardship. The minimum withdrawal is $500, or the dollar value of the Participant's Account if smaller. Payment to the Participant will normally be made within seven days of Prudential's receipt of a duly completed request for it. However, it may be paid at a later date if permitted under the Investment Company Act of 1940. The amount paid to the Participant will be the dollar value of the amount withdrawn less the withdrawal charge determined from the following table and the Annual Account Charge if it applies. The amount payable is also referred to as the "Withdrawal Value." GVA-120-87 (10/11) (as modified by Group Annuity Amendment Form GAA-7764) Serial 300 3.1 TABLE Withdrawals made in the months indicated, counting from the day the Participant's Account was Withdrawal Charge per $1.00 established* being withdrawn.** --------------------------------- --------------------------- First 24 months $0.07 Next 36 months 0.06 Next 60 months 0.04 Next 60 months 0.03 Thereafter 0.0...
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PARTICIPANT'S WITHDRAWAL. A Participant may, subject to written authorization from the Contract- Holder, make withdrawals from the non-forfeitable part his Participant's Account. The minimum withdrawal is $500, or the dollar value of the non-forfeitable part of his Account if smaller. Payment to the Participant will normally be made within seven days of Prudential's receipt of the Contract-Xxxxxx's authorizations for it. However, it may be paid at a later day if permitted under the Investment Company Act of 1940. The amount paid to the Participant will be the dollar amount withdrawn less the withdrawal charge determined from the following table and the Annual Account Charge if it applies. The amount payable is also referred to as the "Withdrawal Value".
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PARTICIPANT'S WITHDRAWAL. 4.1. Due to the entity own decision 4.2. Due to changes in the Rules of the OTF 4.3. Due to changes in the rates
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Related to PARTICIPANT'S WITHDRAWAL

  • Deferral Account Crediting. The Company shall establish a Deferral Account on its books for the Director, and shall credit to the Deferral Account the following amounts:

  • Multiple Individual Retirement Accounts In the event the depositor maintains more than one Individual Retirement Account (as defined in Section 408(a)) and elects to satisfy his or her minimum distribution requirements described in Article IV above by making a distribution from another individual retirement account in accordance with Item 6 thereof, the depositor shall be deemed to have elected to calculate the amount of his or her minimum distribution under this custodial account in the same manner as under the Individual Retirement Account from which the distribution is made.

  • Participants The Lender and its participants, if any, are not partners or joint venturers, and the Lender shall not have any liability or responsibility for any obligation, act or omission of any of its participants. All rights and powers specifically conferred upon the Lender may be transferred or delegated to any of the Lender's participants, successors or assigns.

  • Xxxx Individual Retirement Custodial Account The following constitutes an agreement establishing a Xxxx XXX (under Section 408A of the Internal Revenue Code) between the depositor and the Custodian.

  • SIMPLE Individual Retirement Custodial Account (Under section 408(p) of the Internal Revenue Code) The participant named above is establishing a savings incentive match plan for employees of small employers individual retirement account (SIMPLE IRA) under sections 408(a) and 408(p) to provide for his or her retirement and for the support of his or her beneficiaries after death. The custodian named above has given the participant the disclosure statement required by Regulations section 1.408-6. The participant and the custodian make the following agreement:

  • Traditional Individual Retirement Custodial Account The following constitutes an agreement establishing an Individual Retirement Account (under Section 408(a) of the Internal Revenue Code) between the depositor and the Custodian.

  • Participant Contributions If Participant contributions are permitted, complete (a), (b), and (c). Otherwise complete (d).

  • Elective Deferrals (a) The Committee may establish procedures pursuant to which Employee may elect to defer, until a time or times later than the vesting of a Performance Share Unit, receipt of all or a portion of the shares of Common Stock deliverable in respect of a Performance Share Unit, all on such terms and conditions as the Committee (or its designee) shall determine in its sole discretion. If any such deferrals are permitted for Employee, then notwithstanding any provision of this Agreement or the Plan to the contrary, an Employee who elects such deferral shall not have any rights as a stockholder with respect to any such deferred shares of Common Stock unless and until the date the deferral expires and certificates representing such shares are required to be delivered to Employee. The foregoing notwithstanding, no deferrals of Dividend Equivalents related to any Performance Share Units under this Award will be permitted. Moreover, the Committee further retains the authority and discretion to modify and/or terminate existing deferral elections, procedures and distribution options. (b) Notwithstanding any provision to the contrary in this Agreement, if deferral of Performance Share Units is permitted, each provision of this Agreement shall be interpreted to permit the deferral of compensation only as allowed in compliance with the requirements of Section 409A of the Internal Revenue Code and any provision that would conflict with such requirements shall not be valid or enforceable. Employee acknowledges, without limitation, and consents that application of Section 409A of the Internal Revenue Code to this Agreement may require additional delay of payments otherwise payable under this Agreement. Employee and the Company further hereby agree to execute such further instruments and take such further action as reasonably may be necessary to comply with Section 409A of the Internal Revenue Code.

  • Account Balance The Servicer must never allow any Custodial T&I Account to become overdrawn as to any individual related Borrower. If there are insufficient funds in the account, the Servicer must advance its own funds to cure the overdraft.

  • Plan Year The year for the purposes of the plan shall be from September 1 of one year, to August 31, of the following year, or such other years as the parties may agree to.

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