Penalty for Withdrawal Sample Clauses

Penalty for Withdrawal. Commencing January 1, 1985, any participant who withdraws funds under Paragraph 9.1 will not be permitted to make contributions for a period of six (6) months from the date of withdrawal. All amounts withdrawn may be replaced, but not less than all, within five (5) years of the date of withdrawal. No forfeiture from his account with respect to Fund III shall occur as a result of any such withdrawals effected after January 1, 1976 if he shall be at least fifty percent (50%) vested. If the participant who makes a withdrawal is less than fifty percent (50%) vested at the time of such withdrawal, he shall he shall forfeit the dollar amount from his account with respect to Fund III equivalent to fifty percent (50%) of the dollar amount his accounts with respect to Fund I, Fund II and Fund IV (and, commencing September 1, 1993, Fund V, Fund VI, Fund VII, Fund VIII and Fund IX, and, commencing July 1, 2001, Fund X) are reduced by virtue of said withdrawal, provided however, the amount so forfeited from Fund III shall not exceed the total dollar value of said participant’s nonvested funds determined pursuant to Paragraph 8.1 herein. The amount subject to such forfeiture shall be set aside by the Trustees in an interest bearing account. If the participant returns the full amount of his withdrawal to the Trustees within five (5) years of the date of withdrawal, the full value of the amount initially set aside in the interest account shall thereupon be reinvested and restored to his account in Fund III. The interest earned on such amount shall be treated as interest earnings of Fund III for the benefit of all participants in such Fund. In the event the amount withdrawn is not returned within the time period referred to herein, the amount subject to forfeiture shall be treated as a forfeiture in accordance with Paragraph 11.1 of this Plan. 9.4
Sample 1
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Penalty for Withdrawal. If a band withdraws from a contest after submission of the “Agreement of Participation”, a $500 withdrawal penalty will be assessed. The band that withdraws from a contest shall not be allowed to participate in the MCBA State Championships until the $500 withdrawal penalty has been paid.
Sample 1
Penalty for Withdrawal. (i) If, after the date of the LOI, Seller fails to complete the Closing, in addition to paying the Buyer:
Sample 1

Related to Penalty for Withdrawal

  • Distribution Upon Withdrawal No withdrawing Member shall be entitled to receive any distribution or the value of such Member’s Interest in the Company as a result of withdrawal from the Company prior to the liquidation of the Company, except as specifically provided in this Agreement.

  • Withdrawal from Agreement A. Any Fund may elect to withdraw from this Agreement effective at the end of any monthly period by giving at least 90 days’ prior written notice to each of the parties to this Agreement. Upon the written demand of all other Funds which are parties to this Agreement a Fund shall withdraw, and in the event of its failure to do so shall be deemed to have withdrawn, from this Agreement; such demand shall specify the date of withdrawal which shall be at the end of any monthly period at least 90 days from the time of service of such demand.

  • Rescission and Withdrawal Right Notwithstanding anything to the contrary contained in (and without limiting any similar provisions of) any of the other Transaction Documents, whenever any Purchaser exercises a right, election, demand or option under a Transaction Document and the Company does not timely perform its related obligations within the periods therein provided, then such Purchaser may rescind or withdraw, in its sole discretion from time to time upon written notice to the Company, any relevant notice, demand or election in whole or in part without prejudice to its future actions and rights.

  • Permitted Withdrawals From Custodial Account The Servicer shall, from time to time, withdraw funds from the Custodial Account for the following purposes:

  • Voluntary Withdrawal If any Partner should withdraw from the Partnership, they must give at least days’ written notice to the Partnership. Such withdrawal shall have no effect on the day-to-day operations of the Partnership.

  • Withdrawal Any holder of Registrable Securities may elect to withdraw such holder’s request for inclusion of Registrable Securities in any Piggy-Back Registration by giving written notice to the Company of such request to withdraw prior to the effectiveness of the Registration Statement. The Company (whether on its own determination or as the result of a withdrawal by persons making a demand pursuant to written contractual obligations) may withdraw a Registration Statement at any time prior to the effectiveness of such Registration Statement. Notwithstanding any such withdrawal, the Company shall pay all expenses incurred by the holders of Registrable Securities in connection with such Piggy-Back Registration as provided in Section 3.3.

  • No Withdrawal No Person shall be entitled to withdraw any part of such Person’s Capital Contribution or Capital Account or to receive any Distribution from the Company, except as expressly provided in this Agreement.

  • Notification of Subsequent Employer Executive hereby agrees that prior to accepting employment with, or agreeing to provide services to, any other Person during any period during which Executive remains subject to any of the covenants set forth in Section 5, Executive shall provide such prospective employer with written notice of such provisions of this Agreement, with a copy of such notice delivered simultaneously to the Company.

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