Withdrawal From Participant Annuity Account Sample Clauses

Withdrawal From Participant Annuity Account. Amounts will be withdrawn from the Participant Annuity Account pursuant to the terms of the Qualified Domestic Relations Order (QDRO). If the QDRO awards less than one hundred percent (100%) of the Participant Annuity Account Value to the Alternate Payee, the amounts awarded will be withdrawn from the Participant's Variable and Guaranteed Contract Values as specified in the QDRO. If the QDRO is silent, or ambiguous, in the opinion of the Company, with respect to which of the Participant's Variable or Guaranteed Account Values should be used to establish the Alternate Payee Account, the accounts will be liquidated in the following sequence:
Sample 1
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Withdrawal From Participant Annuity Account. Amounts will be withdrawn from the Participant Annuity Account pursuant to the terms of the Qualified Domestic Relations Order (QDRO). If the QDRO awards less than one hundred percent (100%) of the Participant Annuity Account Value to the Alternate Payee, the amounts awarded will be withdrawn from the Participant's Variable and Guaranteed Contract Values as specified in the QDRO. If the QDRO is silent, or ambiguous, in the opinion of the Company, with respect to which of the Participant's Variable or Guaranteed Account Values should be used to establish the Alternate Payee Account, the accounts will be liquidated in the following sequence: (1) Money Market Fund (2) Bond Fund (3) Growth Fund (4) Daily Interest Guaranteed Fund (5) Other Variable Funds (6) Guaranteed Certificate Fund (7) Other Guaranteed Funds
Sample 1

Related to Withdrawal From Participant Annuity Account

  • Deferral Account 3.1 Establishing and Crediting. The Company shall establish a Deferral Account on its books for the Director, and shall credit to the Deferral Account the following amounts:

  • PARTICIPANT ELECTIONS AFTER SEPARATION FROM SERVICE A Participant who is eligible to make distribution elections under Section 6.03 of the Plan may elect to commence distribution of his Nonforfeitable Accrued Benefit: (Choose at least one of (a) through (c))

  • Deferred Compensation Account All Participant Deferral Credits and Employer Credits shall be credited to the Deferred Compensation Account of the Participant as provided in Section 8.

  • Distributions on Account of Separation from Service If and to the extent required to comply with Section 409A, no payment or benefit required to be paid under this Agreement on account of termination of the Executive’s employment shall be made unless and until the Executive incurs a “separation from service” within the meaning of Section 409A.

  • Account Balance The Servicer must never allow any Custodial T&I Account to become overdrawn as to any individual related Borrower. If there are insufficient funds in the account, the Servicer must advance its own funds to cure the overdraft.

  • Hardship Withdrawals Hardship withdrawals, as provided for in paragraph 6.9 of the Basic Plan Document #04, [X] are [ ] are not permitted.

  • Retirement Accounts With respect to certain retirement plans or accounts (such as individual retirement accounts (“IRAs”), SIMPLE IRAs, SEP IRAs, Xxxx IRAs, Education IRAs, and 403(b) Plans (such accounts, “Retirement Accounts”), the Transfer Agent, at the request and expense of the Fund, provide or arrange for the provision of various services to such plans and/or accounts, which services may include custodial agent services such as account set-up maintenance, and disbursements as well as such other services as the parties hereto shall mutually agree upon.

  • Distributions from Collection Account Subject to Section 8.2(e), on each Payment Date the Indenture Trustee will (based on the information in the most recent Monthly Investor Report) withdraw from the Collection Account and make deposits and payments, to the extent of Available Funds in the Collection Account for that Payment Date, in the following order of priority (pro rata within each priority level based on the amounts due except as otherwise stated):

  • DEFERRAL CONTRIBUTIONS The Advisory Committee will allocate to each Participant's Deferral Contributions Account the amount of Deferral Contributions the Employer makes to the Trust on behalf of the Participant. The Advisory Committee will make this allocation as of the last day of each Plan Year unless, in Adoption Agreement Section 3.04, the Employer elects more frequent allocation dates for salary reduction contributions.

  • Permitted Withdrawals from the Certificate Account and Distribution Account (a) The Master Servicer may from time to time make withdrawals from the applicable subaccount of the Certificate Account for the following purposes:

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