Common use of REGISTRATION AND PURPOSE Clause in Contracts

REGISTRATION AND PURPOSE. The Trustee will apply for registration of the Plan under the Act and any applicable provincial legislation relating to retirement income funds. The purpose of the Plan is to make payments from the Plan, in accordance with paragraph 5, to the Planholder and, where it is elected, to the Planholder’s spouse or common-law partner after the Planholder’s death. For every year after the year in which the Plan is established, a payment at least equal to the minimum amount must be made, until the Plan is fully paid out.

Appears in 5 contracts

Samples: www.bmoinvestorline.com, www.bmoinvestorline.com, www.bmoinvestorline.com

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REGISTRATION AND PURPOSE. The Trustee will apply for registration of the Plan under the Act and any applicable provincial legislation relating to retirement income fundssavings plans. The purpose of the Plan is to make payments from the Plan, in accordance with paragraph 5, to provide a retirement income for the Planholder and, where it is elected, to commencing at the Planholder’s spouse or common-law partner after the Planholder’s death. For every year after the year in which maturity of the Plan is established(as described in paragraph 7), a payment at least equal or alternatively to transfer the minimum amount must be made, until assets of the Plan is fully paid outto a registered retirement income fund before maturity.

Appears in 5 contracts

Samples: www.bmoinvestorline.com, www.bmoinvestorline.com, www.bmoinvestorline.com

REGISTRATION AND PURPOSE. The Trustee will apply for registration of the Plan under the Act and any applicable provincial legislation relating to retirement income funds. The purpose of the Plan is to make payments from the Plan, in accordance with paragraph 5, to the Planholder and, where it is elected, to the Planholder’s spouse or common-common- law partner after the Planholder’s death. For every year after the year in which the Plan is established, a payment at least equal to the minimum amount must be made, until the Plan is fully paid out.

Appears in 2 contracts

Samples: Trust Agreement, Trust Agreement

REGISTRATION AND PURPOSE. The Trustee will apply for registration of the Plan under the Act and any applicable appli- cable provincial legislation relating to retirement income fundssavings plans. The purpose of the Plan is to make payments from the Plan, in accordance with paragraph 5, to provide a retirement income for the Planholder and, where it is elected, to commencing at the Planholder’s spouse or common-law partner after the Planholder’s death. For every year after the year in which maturity of the Plan is established(as described in paragraph 7), a payment at least equal or alternatively to transfer the minimum amount must be made, until assets of the Plan is fully paid outto a registered retirement income fund before maturity.

Appears in 2 contracts

Samples: Advisor) Trust Agreement, Advisor) Trust Agreement

REGISTRATION AND PURPOSE. The Trustee will apply for registration of the Plan under the Act and any andany applicable provincial legislation relating to retirement income fundssavings plans. The purpose of the Plan is to make payments from the Plan, in accordance with paragraph 5, to providea retirement income for the Planholder and, where it is elected, to commencing at the Planholder’s spouse or common-law partner after the Planholder’s death. For every year after the year in which maturity of the Plan is established(as described in paragraph 7), a payment at least equal or alternatively to transfer the minimum amount must be made, until assets of the Plan is fully paid outto a registered retirement income fund before maturity.

Appears in 1 contract

Samples: Account Agreement

REGISTRATION AND PURPOSE. The Trustee will apply for registration of the Plan under the Act and any applicable provincial legislation relating to retirement income fundsRetirement Savings Plans. The purpose of the Plan is to make payments from the Plan, in accordance with paragraph 5, to provide a retirement income for the Planholder and, where it is elected, to commencing at the Planholder’s spouse or common-law partner after the Planholder’s death. For every year after the year in which maturity of the Plan is established(as described in Section 7), a payment at least equal or alternatively to transfer the minimum amount must be made, until assets of the Plan is fully paid outto a Registered Retirement Income Fund (“RRIF”) before maturity.

Appears in 1 contract

Samples: Savings Plan Trust Agreement

REGISTRATION AND PURPOSE. The Trustee will apply for registration of the Plan under the Act and any applicable provincial legislation relating to retirement income fundsfunds . The purpose of the Plan is to make payments from the Plan, in accordance with paragraph 5, to the Planholder and, where it is elected, to the Planholder’s spouse or common-law partner after the Planholder’s deathdeath . For every year after the year in which the Plan is established, a payment at least equal to the minimum amount must be made, until the Plan is fully paid outout .

Appears in 1 contract

Samples: www.bmo.com

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REGISTRATION AND PURPOSE. The Trustee will apply for registration of the Plan under the Act and any applicable provincial legislation relating to retirement income funds. The purpose of the Plan is to make payments from the Plan, in accordance with paragraph 5, to the Planholder and, where it is elected, to the Planholder’s spouse or common-law partner after the Planholder’s death. For every year after the year in which the Plan is Planis established, a payment at least equal to the minimum amount must be made, until the Plan is fully paid outpaidout.

Appears in 1 contract

Samples: Account Agreement

REGISTRATION AND PURPOSE. The Trustee will apply for registration of the Plan under the Act and any applicable provincial legislation relating to retirement income fundsRetirement Income Funds. The purpose of the Plan is to make payments from the Plan, in accordance with paragraph Section 5, to the Planholder and, where it is elected, to the Planholder’s spouse or common-law partner after the Planholder’s death. For every year after the year in which the Plan is established, a payment at least equal to the minimum amount must be made, until the Plan is fully paid out.

Appears in 1 contract

Samples: Savings Plan Trust Agreement

REGISTRATION AND PURPOSE. The Trustee will apply for registration of the Plan under the Act and any applicable provincial legislation relating to retirement income fundssavings plans . The purpose of the Plan is to make payments from the Plan, in accordance with paragraph 5, to provide a retirement income for the Planholder and, where it is elected, to commencing at the Planholder’s spouse or common-law partner after the Planholder’s death. For every year after the year in which maturity of the Plan is established(as described in paragraph 7), a payment at least equal or alternatively to transfer the minimum amount must be made, until assets of the Plan is fully paid outto a registered retirement income fund before maturity .

Appears in 1 contract

Samples: www.bmo.com

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