PAYMENT OF WITHDRAWALS. Unless you notify us otherwise, partial withdrawals will be deducted from each subaccount in the ratio of your Contract Value in each subaccount to the Contract Value. Withdrawals will be based on values for the valuation period in which the notice (and Contract if required) is received at our Service Center.
PAYMENT OF WITHDRAWALS. Unless you notify us otherwise, partial withdrawals prior to the Annuity Date and related charges will be deducted from each subaccount of each investment account in the ratio of your interest in each subaccount to your Contract Value. Withdrawals will be based on values for the valuation period in which the notice, and contract if required, are received at our designated service office.
PAYMENT OF WITHDRAWALS. Any amounts withdrawn pursuant to this Article 6 shall be paid or distributed as soon as administratively practicable after the Valuation Date as of which the withdrawal election is effective. Except as the Administrative Committee shall otherwise direct, all withdrawals shall be paid in cash.
PAYMENT OF WITHDRAWALS. Unless the Owner directs otherwise, partial withdrawals prior to the Annuity Date, and related charges, will be deducted from the Participant's Fixed and Variable Accounts in the following order First from Interest Option B; Next from Interest Option A; Then from each investment account of the Separate Account in the ratio of the Owner's interest in each investment account to the Participant's Variable Account Value; and Finally from Interest Option C. Partial withdrawal of amounts held under Interest Option A or Interest Option C will be made from amounts most recently placed under that option.
PAYMENT OF WITHDRAWALS. Unless you notify us otherwise, partial withdrawals will be deducted from the Fixed Account and each sub-account of the Variable Account int he ratio of your interest in each to your contract value. Withdrawals will be based on values for the valuation period in which the
(a) The New York Stock Exchange is closed;
(b) Trading on the New York Stock Exchange is restricted;
(c) An emergency exists such that it is not reasonably practical to dispose of securities in the Separate Account or to determine the value of its assets; or
(d) The Securities and Exchange Commission by order so permits for the protection of security holders. Conditions (b) and (c) will be decided by or in accordance with rules of the Securities and Exchange Commission.
PAYMENT OF WITHDRAWALS. A Participant may request a withdrawal by filing the prescribed withdrawal request form with the Employer. A withdrawal shall be paid as soon as reasonably practical after the date on which the Employer receives the prescribed withdrawal form (subject to the Employer's consent). Withdrawals shall be paid only in a single lump sum payment in cash.
PAYMENT OF WITHDRAWALS. (a) All non-hardship withdrawals shall be made within a reasonable time and at such time or times as are determined by the Administrator after the Participant’s non-hardship withdrawal request is delivered to the Administrator or his hardship withdrawal request is approved by the Administrator, as the case may be, and shall be made in cash.
(b) The amount of any withdrawal shall be determined on the basis of the value of the Participant’s accounts from which the withdrawal is made as of the most recent Valuation Date prior to the date of payment of the withdrawal, decreased by any withdrawals or other distributions since such Valuation Date and increased, by the amount of contributions allocated to his accounts (and not withdrawn or distributed) since such Valuation Date.
(c) If permitted by the Administrator, a Participant may designate his accounts and/or the divisions of the Fund from which his withdrawal shall be made. Unless otherwise determined by the Administrator from time to time on a uniform and non-discriminatory basis applied prospectively or, to the extent otherwise permitted by the Administrator, as specifically designated by the Participant in his withdrawal request, each withdrawal by a Participant shall be prorated based upon the values of the respective divisions of the Fund (other than the Loan Fund or the Transfer Fund, as defined in the Trust) in the Participant’s accounts from which withdrawn, and the withdrawal shall be considered made from the Participant’s available accounts to the extent permitted hereinabove, with availability being determined on the basis of the circumstances (such as hardship, severe hardship, non-hardship, the age of the Participant, the time contributions have been in the Plan, the length of the Participant’s active participation in the Plan as provided herein) surrounding the withdrawal, in the following order:
(i) First, his Voluntary Deductible Account;
(ii) Then, his After-tax Unmatched Account;
(iii) Then, his After-tax Matched Account, less that amount therein of his After-tax Matched Contributions made in the twenty-four (24) calendar month period preceding the month of withdrawal in the case of a non-hardship withdrawal;
PAYMENT OF WITHDRAWALS. Notwithstanding any provisions of the Plan to the contrary, a Participant seeking a withdrawal must apply to the Administrator for such withdrawal. All withdrawal requests shall be subject to such rules and procedures as may be imposed by the Plan Administrator or the Administrator. The amount of a withdrawal to a Participant shall be based upon the value of the Participant’s Accounts as of the Settlement Date on which the withdrawal is processed. The withdrawal shall be processed as soon as administratively practicable after the Participant files his request for a withdrawal with the Administrator and the withdrawal shall be paid as soon as administratively practicable after such Settlement Date in accordance with such rules and procedures as may be established by the Plan Administrator or the Administrator.
PAYMENT OF WITHDRAWALS. Withdrawals will be deposited into your bank account or issued to you by way of cheque. Transfers for Registered Contracts will be made according to your written instructions. All signatures relating to written instructions for withdrawals exceeding $25,000 or where the payee is not the Owner must be guaranteed. Any fees or withholding taxes that you must pay are deducted from your withdrawal. The minimum amounts apply before Redemption Fees or other fees are deducted. A full withdrawal terminates the Contract and discharges Sun Life and CI from all of their obligations and liabilities under the Contract and all related documents unless the withdrawal results in the commencement of, or occurs during, the Guaranteed Payment Phase.
PAYMENT OF WITHDRAWALS. Amounts withdrawn may be payable to Account Owner, the Designated Beneficiary and/or an Eligible Higher Educational Institution as directed by Account Owner or if authorized to do so, by Account Owner’s financial advisor.
