TERMINATION AND WITHDRAWALS Clause Samples
The 'Termination and Withdrawals' clause defines the conditions and procedures under which a party may end their participation in an agreement or withdraw from specific obligations. Typically, this clause outlines the required notice period, any penalties or consequences for early termination, and the steps both parties must follow to formally conclude their relationship. Its core function is to provide a clear and fair process for ending the agreement, thereby reducing uncertainty and potential disputes if one party wishes to exit before the contract's natural expiration.
TERMINATION AND WITHDRAWALS. (a) This Agreement may be terminated (i) by the Client at any time upon at least thirty (30) days prior written notice to the Advisor and (ii) by the Advisor upon at least thirty (30) days prior written notice to the Client (each such notice, a “Termination Notice”). Notwithstanding the above, if the Client requests a withdrawal pursuant to subparagraph (b) below that has or would have the effect of reducing the total value of the Assets in the Account to an amount less than the Minimum Investment, the Advisor may terminate this Agreement upon five (5) days prior written notice. Any termination pursuant to this paragraph will not affect the validity of any action previously taken by the Advisor under this Agreement and, subject to Paragraph 9(b), will be without the payment of any penalty and without liability of either party to the other; provided, however, that notwithstanding anything contained herein to the contrary, if the Client delivers a Termination Notice to the Advisor within five (5) business days of the Effective Date, such termination will be without the payment of any fee or penalty and without liability of either party to the other. Upon receipt of a Termination Notice, the Advisor will cease all transaction activities as to the Account, other than activities in respect of transactions in progress, transactions effected prior to the receipt of the Termination Notice and any sales expressly authorized in writing by the Client. A Certificate held in the Account at the time a Termination Notice is received will continue to be held in the Account until maturity. Principal and interest on such Certificate will continue to be distributed to Client in accordance with the terms of such Certificate. Notwithstanding any prior election by the Client to the contrary on a valid Schedule B, following receipt of a Termination Notice the Advisor will immediately discontinue the reinvestment of principal and interest on securities held in the Account, and all such principal and interest will be distributed to the Client as provided above. The Advisor will also retitle Assets as directed by the Client to the extent permitted under applicable law. Client understands and acknowledges that the Account liquidation process will require significant time to complete, and the Assets may not be fully liquidated for three to five years following the Advisor’s receipt of a Termination Notice. Client further understands, acknowledges and agrees that Management Fees will ...
TERMINATION AND WITHDRAWALS. In the event Nationwide provides annuity payment options to Retired Participants, notwithstanding anything in the Contract to the contrary, including Contract termination, Nationwide will retain the assets attributable to Retired Participants that are receiving annuity payments from Nationwide.
TERMINATION AND WITHDRAWALS. 11 Annual Guaranteed Interest Rate - The minimum guaranteed interest rate applied to the Contract for a calendar year. Nationwide determines this rate at its sole discretion. Business Day - Each day the New York Stock Exchange and Nationwide's home office are open for business. Companion Investment Option(s) - Another investment option under the Plan. This may include other investment contracts and options offered by Nationwide or by another provider. Contract - The terms, conditions, benefits and rights of the group fixed annuity described in this document, as well as any endorsements, amendments and the application form. Contract Anniversary - Beginning with the “Effective Date of Contract”, each recurring one-year anniversary of the “Effective Date of Contract” during which the Contract remains in force. Contract Owner - The entity identified on the face page of the Contract and the “Contract Specifications Page” as the Contract Owner. Contract Value - The current value of assets held under the Contract. Exchange - The movement of amounts attributable to Participant Accounts to a Companion Investment Option under the Plan. Guaranteed Minimum Interest Rate - A minimum interest rate established under the Contract. All rates under the Contract are guaranteed to be at least as great as the Guaranteed Minimum Interest Rate. Nationwide - Nationwide Life Insurance Company.
TERMINATION AND WITHDRAWALS. This Agreement will stay in effect until terminated by either Client or Axos Invest. This Agreement may be terminated by either party with or without cause. There shall be a five business day grace period (“Grace Period”) commencing at the signing of this Agreement during which Client may choose to terminate the Agreement and Axos Invest shall only charge for Account Expenses incurred prior to the termination, excluding administrative fees and account set-up fees. Client may cancel this Agreement after the Grace Period by providing one day advance notice of cancellation to Axos Invest. Axos Invest may cancel this Agreement by providing notice through the primary email address or primary mailing address provided by Client in the Account profile, which Client shall update from time to time on the Dashboard. If, for any reason, Axos Invest shall close and liquidate all positions held in the Account Client may receive the proceeds of the liquidated portion of the Account, and this Agreement shall terminate. Client understands and agrees that Axos Invest may determine to liquidate immediately all holdings in the Account. Client may withdraw all or part of the Account by notifying Axos Invest at any time or by initiating the withdrawal from the Dashboard. Client’s withdrawal of all assets in the Account will terminate this Agreement, unless Axos Invest otherwise consents in advance.
TERMINATION AND WITHDRAWALS. Either party with or without cause may terminate this Agreement by notice to the other party. The termination notice shall be provided by Client to Nomad through the Site and by Nomad to Client through the primary email address in Client’s Account Application as Client shall update from time to time. Client may withdraw all of the Account by notifying Nomad at any time provided that all partial withdrawals comply with ▇▇▇▇▇’s required Account minimums as posted on the Site and updated from time to time, unless Nomad otherwise consents in advance. Upon termination of this Agreement, Sections 8 (only as to fees accruing prior to termination), 10, 16 and 17 shall survive such termination. Client understands and agrees that Nomad may determine to liquidate immediately all holdings in the Plan.
TERMINATION AND WITHDRAWALS. This Agreement may be terminated by either party with or without cause by notice to the other party, which notice shall be provided by Client to Newday Impact through the Site and by Newday Impact to Client through the primary email address in the Client’s Account application as Client shall update from time to time. Client may withdraw all or part of the Account by notifying Newday Impact at any time provided that all partial withdrawals comply with Newday Impact’s required Account minimums as posted on the Site and updated from time to time, unless Newday Impact otherwise consent in advance. Client’s withdrawal of all of the Account under this Agreement will terminate this Agreement. Upon termination of this Agreement, Sections 15, 25 and 27 shall survive such termination. Client understands and agrees that Newday Impact may determine to liquidate immediately all holdings in the Account, and Newday Impact shall not be liable to Client for any consequences of such liquidation.
TERMINATION AND WITHDRAWALS. This Agreement may be terminated by either party with or without cause by notice to the other party. There shall be a five (5) business day grace period commencing at the signing of this Agreement during which the Client may choose to terminate the Agreement and Grand shall only charge for fees incurred prior to termination excluding administrative fees, account set up fees and minimum quarterly fees. Notice shall be provided by Client to Grand through the Site and by Grand to Client through the primary email address in Client’s Account Application as Client shall update from time to time. Client may withdraw all or part of the Account by notifying Grand at any time provided that all partial withdrawals comply with Grand’s required Account minimums as posted on the Site and updated from time to time, unless Grand otherwise consents in advance. Client’s withdrawal of all of the Account under this Agreement will terminate this Agreement. Upon termination of this Agreement, Sections 6 (only as to fees accruing prior to termination), 9, 15 and 19 shall survive such termination. Client understands and agrees that Grand may determine to liquidate immediately all holdings in the Plan.
TERMINATION AND WITHDRAWALS. Either party with or without cause may terminate this Agreement by notice to the other party. Nomad may terminate the Agreement due the inactivity of the Client in the use of the Investment Account. The termination notice shall be provided by Client to Nomad through the APP and by Nomad to Client through the primary email address in the Client’s registration, as Client shall update from 12. RESCISÃO E SAQUES Qualquer ▇▇▇ ▇▇▇ partes, com ou sem ▇▇▇▇▇ ▇▇▇▇▇, poderá rescindir o presente Contrato mediante notificação à outra parte A Nomad poderá rescindir o contrato em razão da inatividade do Cliente no uso da Conta de Investimento. A notificação de rescisão ▇▇▇▇▇▇ ser fornecida pelo Cliente à Nomad por meio do APP Site e, pela Nomad ao Cliente, por meio do endereço de e-mail principal que consta na no time to time. Client may APP na Solicitação de withdraw all of the Investment Account by notifying Nomad at any time provided that all partial withdrawals comply with Nomad’s required Account minimums as posted on the APP Site and updated from time to time, unless Nomad otherwise consents in advance. Upon termination of this Agreement, Sections 7 (only as to fees accruing prior to termination), 10, 17 and 18 shall survive such termination. Client understands and agrees that Nomad may determine to liquidate immediately all Client’s holdings in the Plan. Conta do Cliente, que o Cliente ▇▇▇▇▇▇ atualizar de tempos em tempos. O Cliente poderá sacar todo o capital da Conta de Investimento notificando a Nomad a qualquer momento, contanto que todos os saques parciais estejam em conformidade com os valores mínimos de Conta exigidos pela Nomad, conforme publicados no APP Site e atualizados de tempos em tempos, a menos que a Nomad aceite de outra forma antecipadamente. Mediante a rescisão do presente Contrato, as Seções 7 (somente com relação a taxas acumuladas antes da rescisão), 10, 17 e 18 subsistirão à rescisão. O Cliente entende e aceita que a Nomad pode determinar a liquidação imediata de todas as posições do Cliente participações no Plano.