WAIVER OF WITHDRAWAL CHARGES Sample Clauses

WAIVER OF WITHDRAWAL CHARGES. Subject to all the provisions of this rider and of the rest of the contract, we will waive part or all of (1) any withdrawal and maintenance charges otherwise associated with a full or partial withdrawal, or (2) any annuitization or withdrawal charge due on the annuity date, if an annuitant is (a) terminally ill, or (b) confined to an eligible nursing home or hospital continuously for three months while this contract is in force. This waiver applies only to any purchase payment(s) made one year or more prior to your request(s) for withdrawal, or the annuity date. Terminal Illness Option You may use this option if you give us evidence that satisfies us that an Annuitant's life expectancy is six months or less. Part of that evidence must be a certification by a licensed physician. Nursing You may use this option if an Annuitant is Home/Hospital Option confined to an eligible nursing home and/or hospital starting any time after the contract date, and has been confined there continuously for at least three months. Eligible Nursing Home An eligible nursing home is an institution or special nursing unit of a hospital which meets at least one of the following requirements:
Sample 1
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WAIVER OF WITHDRAWAL CHARGES. Subject to all the provisions of this rider and of the rest of the contract, we will waive part or all of (1) any withdrawal and maintenance charges otherwise associated with a full or partial withdrawal, or (2) any annuitization or withdrawal charge due on the annuity date, if an annuitant is (a) terminally ill, or (b) confined to an eligible nursing home or hospital continuously for three months while this contract is in force. This waiver applies only to any purchase payment(s) made one year or more prior to your request(s) for withdrawal, or the annuity date.
Sample 1
WAIVER OF WITHDRAWAL CHARGES. We will waive all withdrawal charges upon receipt of due proof that a sole or last surviving Annuitant is Terminally Ill, or has been confined to an Eligible Nursing Home or Hospital continuously for at least three months. See the General Provisions for definitions of these terms. This waiver is not available if the contract has been assigned. (VFM--96)
Sample 1
WAIVER OF WITHDRAWAL CHARGES. WAIVER OF WITHDRAWAL CHARGES - POST SECONDARY EDUCATION If You, your spouse, your child or Annuitant is enrolled in a college, university, vocational, technical, trade, or business school, You may, subject to the provisions of this endorsement, withdraw up to 20% of the Contract Value each Contract Year prior to the Annuity Commencement Date and while the Annuitant is alive. No withdrawal charges will apply. You may make one Withdrawal per Contract Year. Withdrawals may not be repaid. The maximum combined withdrawal you may make under this provision, and the Annual Free Withdrawal Amount provision is 20% of the Contract Value.
Sample 1
WAIVER OF WITHDRAWAL CHARGES. We will waive all withdrawal charges upon receipt of due proof that a sole or last surviving Annuitant is Terminally Ill, or has been confined to an Eligible Nursing Home or Hospital continuously for at least three months. See the General Provisions for definitions of these terms. This waiver is not available if the contract has been assigned. C-44 -------------------------------------------------------------------------------- BENEFICIARY You may designate or change a beneficiary to receive any amount due if the sole or last surviving Annuitant dies before the Annuity Date. You may initiate a change to the beneficiary designation by completing a change form, which you can obtain from us or from your representative. We may also ask you to send us the contract. The change will take effect only when we process the request. Then any previous beneficiary's interest will end as of the date of the request, even if no Annuitant is living when we process the request. Any beneficiary's interest is subject to the rights of any assignee we know of. When a beneficiary is designated, any relationship shown is to the Annuitant (First Annuitant if two Annuitants are named on page 3) unless otherwise specified.
Sample 1

Related to WAIVER OF WITHDRAWAL CHARGES

  • Effect of Withdrawal The Company shall not be dissolved by the dissolution or other event of withdrawal of a Member if any Member remains to carry on the business of the Company.

  • Partial Withdrawals At any time any Holder shall be entitled to request a withdrawal of such portion of the Interest held by such Holder as such Holder shall request.

  • 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.

  • Notice of Final Withdrawal Promptly after receipt by the Paying Agent of notice that the Escrow Agent has requested a Final Withdrawal or that a Final Withdrawal will be made, the Paying Agent shall cause notice of the distribution of the Final Withdrawal to be mailed to each of the Receiptholders at its address as it appears in the Register. Such notice shall be mailed not less than 15 days prior to the Final Withdrawal Date. Such notice shall set forth:

  • In-Service Withdrawals If elected in the Adoption Agreement, an Employer may elect to permit a Participant in the Plan to make an in-service withdrawal, subject to any limitation(s) specified in the Adoption Agreement.

  • Voluntary Withdrawal No Member shall have the right or power to Voluntarily Withdraw from the Company and any Member who shall voluntarily withdraw shall be in intentional breach of this Agreement. No Member who shall Voluntarily Withdraw shall be entitled to receive, in liquidation of his Interest, pursuant to Section 25-10 of the Act or otherwise, the fair value of the Member’s Interest on the date of Voluntary Withdrawal.

  • Withdrawal of Limited Partner No Limited Partner may withdraw from the Partnership other than as a result of a permitted transfer of all of such Limited Partner’s Partnership Units in accordance with this Article XI or pursuant to redemption of all of its Partnership Units under Section 8.6.

  • Withdrawal of Limited Partners No Limited Partner shall have any right to withdraw from the Partnership; provided, however, that when a transferee of a Limited Partner’s Limited Partner Interest becomes a Record Holder of the Limited Partner Interest so transferred, such transferring Limited Partner shall cease to be a Limited Partner with respect to the Limited Partner Interest so transferred.

  • Allocation of Premiums No premium shall be paid under the Bond unless the Board of Trustees of the Trust, including a majority of those Trustees who are not “interested persons” of the Trust as defined by Section 2(a)(19) of the 1940 Act, shall approve the portion of the premium to be paid by the Trust, on behalf of each Fund. The premium payable on the Bond shall be allocated between the Trust and the Manager as determined by the Board of Trustees of the Trust.

  • 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.

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