Withdrawal from Plan. Any Company in this Plan may, by resolution of its Board of Directors or other governing body, withdraw from participation as a Company in this Plan.
Withdrawal from Plan. A participant may withdraw from the Plan upon giving written notice of withdrawal not less than six (6) months prior to the date on which the leave of absence is to commence.
Withdrawal from Plan. (a) An employee may withdraw from the Plan only for financial reasons beyond their control and provided notice is given at least ninety (90) calendar days prior to the date on which the leave was to have commenced. Any exceptions to the aforesaid shall be at the discretion of the Employer.
(b) An employee who withdraws from the Plan shall be paid a lump sum amount equal to any monies deferred plus interest accrued. Payment shall be made within sixty (60) calendar days of withdrawal from the Plan.
(c) Should an employee die while participating in the Plan, any monies accumulated, plus interest accrued at the time of death, shall be paid to the employee’s estate.
(d) Any payment shall be subject to the Income Tax laws respecting lump-sum payments.
Withdrawal from Plan. A teacher may withdraw from the Plan any time prior to March 1st of the calendar year in which the leave of absence is to begin. Upon withdrawal, any monies accumulated, plus accrued interest, shall be repaid to the teacher within sixty
Withdrawal from Plan. A member who withdraws from the pension plan for any reason, other than retirement, death or disability, may request his accumulated contributions, plus interest, be paid to him after such date of withdrawal; provided, however, his contributions shall not be refunded to him earlier than 90 days after receipt of his application for the same. Interest shall be calculated using the prevailing Federal Reserve discount rate, plus three percent, on the date of request.
Withdrawal from Plan. A teacher shall be required to take the planned leave of absence if they have not withdrawn from the plan prior to March 1 of the school year preceding the leave period.
Withdrawal from Plan. Any Employer (other than the Plan Sponsor) may withdraw from the Plan effective at the end of any calendar quarter by giving at least 60 days prior written notice to the Plan Sponsor and the Trustee. Upon any such withdrawal the Trustee shall value the assets of the Trust Fund as of the date of such withdrawal, and the Trustee shall set apart that portion of the Trust Fund which, as certified by the Committee, is attributable to such withdrawing Employer. That portion of the Trust Fund so set apart shall continue to be held by the Trustee in trust under the terms and provisions of the Plan and Trust as though such withdrawing Employer had entered into its own separate trust agreement with the Trustee. Such withdrawing Employer shall be deemed to have adopted the Plan as its own separate plan and shall have and may exercise all of the rights, powers, and authorities of the Plan Sponsor under the Plan and Trust with respect to its separate plan and trust. Upon withdrawal of a Employer from the Plan, it shall cease to be a Employer under this Plan and shall not be eligible again to adopt and participate in this Plan unless it again is designated as eligible under Section 11.1.
Withdrawal from Plan. If a Limited Member withdraws from the Distribution Reinvestment Plan, such withdrawal shall be effective only with respect to distributions made more than 30 days following receipt by the Company of written notice of such withdrawal. In the event of a transfer by a Limited Member of Units, such transfer shall terminate the Limited Member's participation in the plan as of the first day of the quarter in which the transfer is effective.
Withdrawal from Plan. 1) Due to extenuating circumstances, a member may withdraw from the Plan. Notification in writing must be received and approved by the Office of Human Resource Services at least sixty (60) days prior to the effective date of withdrawal from the Plan.
2) Upon withdrawal, all the salary and allowances deferred plus accrued interest in the individual account shall be paid to the member with the necessary deductions being made in accordance with the requirements of Canada Revenue Agency and other regulatory bodies. Payment should be made as soon as possible but within sixty (60) days after receiving notification of withdrawal.
3) If a member retires, is dismissed, is terminated or otherwise leaves active employment with the Board while participating in the Plan, the member shall be paid such lump sum and interest accrued up to the date of the retirement, dismissal, termination or leave as the case may be with the necessary deductions being made in accordance with the requirements of Canada Revenue Agency and other regulatory bodies.
4) The payment will be made as soon as possible but within sixty (60) days of written notice by either party due to any one of the above conditions.
5) Should a member die while participating in the Plan, any monies accumulated in the individual account plus accrued interest will be paid to the estate of the deceased member with the necessary deductions being made in accordance with the requirements of Canada Revenue Agency and other regulatory bodies.
6) The payment will be made as soon as possible but within sixty (60) days of written notice from the executor of the estate.
Withdrawal from Plan. Subject to the requirements of Article XVII, any Participating Employer may, at any time, withdraw from the Plan upon giving the Board of Directors or other governing entity of the adopting Employer, the Administrative Committee and the Trustee at least 30 days notice in writing of its intention to withdraw. Upon the withdrawal of a Participating Employer pursuant to this Section A.18.18(F)(3), the Trustee shall segregate a portion of the assets in the Trust as set forth below, the value of which shall equal the total amount credited to the accounts of Participants employed by the withdrawing Participating Employer. Subject to the requirements of Article XVII, the determination of which assets are to be so segregated shall be made by the Trustee in its sole discretion as set forth below. The Administrative Committee may, at any time, direct the Trustee to segregate from the Trust such part thereof as the Administrative Committee shall determine to be held for the benefit of the employees of a Participating Employer, and shall give a copy of such directions to the adopting Employer and each Participating Employer. Such directions shall specify the assets of the Trust to be segregated. Unless the adopting Employer or any Participating Employer files with the Trustee a written protest within 30 days after delivery of such directions to the Trustee, such directions shall conclusively establish that the assets specified therein represent the part of the Trust held for the benefit of the Employees of the adopting Employer and of each Participating Employer. After the expiration of such 30 day period, and after settlement of any such protest, the Trustee shall follow the Administrative Committee's directions, including any modification thereof adopted in settlement of any protest. Any part of the Trust segregated pursuant to such directions shall thereafter be held in a separate trust identical in terms to the Trust hereby established or maintained, except that, with respect to such separate trust, this Plan and Trust Agreement shall be construed as if such Participating Employer were the adopting Employer and all powers and authority conferred upon the adopting Employer or its Board or other governing entity and the Administrative Committee shall devolve upon such Participating Employer or its Board of Directors or other governing entity. At any time thereafter, such Participating Employer and the Trustee may (but they shall not be required to) enter into a sepa...
