WITHDRAWAL PROGRAM Sample Clauses

WITHDRAWAL PROGRAM. REINSURANCE PREMIUM (BASIS WITHDRAWAL PROGRAM PRODUCTS COVERED POINTS) ------------------- ---------------- ---------------- Guaranteed Withdrawal Benefit All Products sold before July 50.00 16, 2007 Guaranteed Withdrawal Benefit All Products sold on or after July 55.00 16, 2007 Lifetime GWB - Single Life Version All Products 50.00 Lifetime GWB - Joint Life Version All Products 70.00
Sample 1
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WITHDRAWAL PROGRAM. REINSURANCE PREMIUM WITHDRAWAL PROGRAM PRODUCTS COVERED (BASIS POINTS) ------------------------- ---------------- ------------------- Guaranteed Withdrawal All Products 50.00 Benefit Lifetime GWB - Single All Products 50.00 Life Version Lifetime GWB - Joint Life All Products 70.00 Version
Sample 1
WITHDRAWAL PROGRAM. REINSURANCE PREMIUM WITHDRAWAL PROGRAM PRODUCTS COVERED (BASIS POINTS) ---------------------------------- ---------------- ------------------- Guaranteed Withdrawal Benefit All Products 50.00 Principal Guarantee All Products 50.00 Principal Guarantee Value All Products 25.00 Lifetime GWB - Single Life Version All Products 50.00 Lifetime GWB - Joint Life All Products 70.00 Version This Amendment No. 3 does not alter, amend or modify the Agreement other than as set forth herein, and the terms and conditions of the Agreement, as amended herein, continue in effect without other change. In Witness whereof, the parties have caused this Amendment No. 3 to be signed in duplicate counterparts as of the date first above written. METLIFE INVESTORS USA INSURANCE COMPANY By: /s/ Xxxxxxx X. Xxxxxxx ------------------------------------- Title: Executive Vice President EXETER REASSURANCE COMPANY, LTD. By: /s/ RBB ------------------------------------- Title: President SCHEDULE A PLANS OF REINSURANCE A. Reinsurer's Percentage: Prior to July 1, 2004, 25% of the business described herein. Effective, July 1, 2004, 100% of the business described herein. B. Effective Date: April 1, 2001
Sample 1
WITHDRAWAL PROGRAM. REINSURANCE PREMIUM WITHDRAWAL PROGRAM PRODUCTS COVERED (BASIS POINTS) ------------------------------ -------------------------------------------------- -------------------- Guaranteed Withdrawal Benefit All Products sold before July 16, 2007 50.00 Guaranteed Withdrawal Benefit All Products sold on or after July 16, 2007 55.00 Guaranteed Withdrawal Only Applies to VA, S, VA-4 & L (4-Year) Class 90.00 Benefit v1 Products Principal Guarantee All Products 50.00 Principal Guarantee Value All Products 25.00 Lifetime GWB - Single Life All Products, except Marquis Portfolio and 50 Version PrimElite IV, for which the contract's GWB Benefit Base is not increased due to an Annual Step-Up on a contract anniversary occurring on July 1, 2012 or later. Lifetime GWB - Single Life All Products, except Marquis Portfolio and 80 Version PrimElite IV, for which the contract's GWB Benefit Base is increased due to an Annual Step-Up on a contract anniversary occurring on July 1, 2012 or later. Lifetime GWB - Single Life PrimElite IV sold before May 4, 2009, for which 65 Version the contract's GWB Benefit Base is not increased due to an Annual Step-Up on a contract anniversary occurring on July 1, 2012 or later. Lifetime GWB - Single Life PrimElite IV sold before May 4, 2009, for which 95 Version the contract's GWB Benefit Base is increased due to an Annual Step-Up on a contract anniversary occurring on July 1, 2012 or later. Lifetime GWB - Single Life PrimElite IV sold on or after May 4, 2009 and 110 Version before July 15, 2011 Lifetime GWB - Single Life PrimElite IV sold on or after July 15, 2011 140 Version Lifetime GWB - Single Life Marquis Portfolios, for which the contract's GWB 70 Version Benefit Base is not increased due to an Annual Step-Up on a contract anniversary occurring on July 1, 2012 or later. Lifetime GWB - Single Life Marquis Portfolios, for which 100 Version the contract's GWB Benefit Base is increased due to an Annual Step-Up on a contract anniversary occurring on July 1, 2012 or later. Lifetime GWB - Joint Life All Products, except Marquis Portfolio and 70 Version PrimElite IV, for which the contract's GWB Benefit Base is not increased due to an Annual Step-Up on a contract anniversary occurring on July 1, 2012 or later. REINSURANCE PREMIUM WITHDRAWAL PROGRAM PRODUCTS COVERED (BASIS POINTS) ------------------------------ -------------------------------------------------- -------------------- Lifetime GWB - Joint Life All Products, except Marquis Portfolio a...
Sample 1
WITHDRAWAL PROGRAM. REINSURANCE PREMIUM WITHDRAWAL PROGRAM PRODUCTS COVERED (BASIS POINTS) ------------------ ---------------- ------------------- Guaranteed Withdrawal Benefit All Products 50.00 Lifetime GWB - Single Life Version All Products 50.00 Lifetime GWB - Joint Life Version All Products 70.00 This Amendment No. 3 does not alter, amend or modify the Agreement other than as set forth herein, and the terms and conditions of the Agreement, as amended herein, continue in effect without other change. In Witness whereof, the parties have caused this Amendment No. 3 to be signed in duplicate counterparts as of the date first above written. NEW ENGLAND LIFE INSURANCE COMPANY By: /s/ [Illegible Signature] ------------------------------------ Title: VP EXETER REASSURANCE COMPANY, LTD. By: /s/ RBB ------------------------------------ Title: President SCHEDULE A PLANS OF REINSURANCE A. Reinsurer's Percentage: Prior to July 1, 2004, 25% of the business described herein. Effective, July 1, 2004, 100% of the business described herein. B. Effective Date: April1, 2001 C. Reinsured Contracts: NEW ENGLAND LIFE INSURANCE COMPANY DEFERRED ANNUITY CONTRACTS -------------------------- American Forerunner Series Variable Annuity - All share classes. FORM NUMBERS ------------ Guaranteed Minimum Death Benefits Ceded: ---------------------------------------- Standard Death Benefit - Principal Protection: Form NEL-530 (05/01) Optional Death Benefit - Annual Step-Up: Form NEL-550 (05/01) Optional Death Benefit - Greater of Annual Step-Up and 5% Rollup: Form NEL-540(05/01) Additional Death Benefit - Earnings Preservation Benefit (EPB):NEL-570 (05/01) Guaranteed Minimum Income Benefits Ceded: ----------------------------------------- Guaranteed Minimum Income Benefit Form NEL-560 (05/01) Guaranteed Minimum Income Benefit II Form NEL-560-1 (03/03) Guaranteed Minimum Income Benefit Plus: Form NEL-560-2 (05/05) Guaranteed Withdrawal Benefits Ceded: ------------------------------------- Guaranteed Withdrawal Benefit: Form NEL-690-1 (7/04) Guaranteed Withdrawal Benefit: Form NEL-690-2 (11/05) Lifetime Guaranteed Withdrawal Benefit: Form NEL-690-3 (6/06) Guaranteed Minimum Income Benefits Ceded: ----------------------------------------- Guaranteed Minimum Accumulation Benefit: Form NEL-670-1 (11/05) AMENDMENT NO. 4 TO AUTOMATIC REINSURANCE AGREEMENT EFFECTIVE AS OF APRIL 1, 2001 AMENDED AND RESTATED AS OF JULY 1, 2004 (Agreement) between NEW ENGLAND LIFE INSURANCE COMPANY (Cedent) and EXETER REASSURANCE ...
Sample 1
WITHDRAWAL PROGRAM. REINSURANCE PREMIUM WITHDRAWAL PROGRAM PRODUCTS COVERED (BASIS POINTS) ----------------------- ---------------- ------------------- Guaranteed Withdrawal All Products 50.00 Benefit
Sample 1
WITHDRAWAL PROGRAM. REINSURANCE PREMIUM INCOME PROGRAM CONTRACTS COVERED (BASIS POINTS) --------------------------- --------------------------------------- -------------- Guaranteed Withdrawal All Reinsured Contracts, except 55.00 Benefit Marquis Portfolios, PrimElite IV, S Series, Simple Solutions & MetLife Growth & Guaranteed Income Contracts
Sample 1
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Related to WITHDRAWAL PROGRAM

  • Withdrawal Right Notwithstanding anything to the contrary contained in (and without limiting any similar provisions of) the Transaction Documents, whenever any Buyer exercises a right, election, demand or option under a Transaction Document and the Company or any Subsidiary does not timely perform its related obligations within the periods therein provided, then such Buyer may rescind or withdraw, in its sole discretion from time to time upon written notice to the Company or such Subsidiary (as the case may be), any relevant notice, demand or election in whole or in part without prejudice to its future actions and rights.

  • Withdrawal Rights Except as otherwise provided in this Section 4, tenders of Shares made pursuant to the Offer are irrevocable. Shares tendered pursuant to the Offer may be withdrawn pursuant to the procedures set forth below at any time prior to the Expiration Date and, unless theretofore accepted for payment by Purchaser pursuant to the Offer, may also be withdrawn at any time after July 11, 1999. If Purchaser extends the Offer, is delayed in its acceptance for payment of Shares or is unable to accept Shares for payment pursuant to the Offer for any reason, then, without prejudice to Purchaser's rights under the Offer, the Depositary may, nevertheless, on behalf of Purchaser, retain tendered Shares, and such Shares may not be withdrawn except to the extent that tendering stockholders are entitled to withdrawal rights as described in this Section 4. For a withdrawal to be effective, a written, telegraphic or facsimile transmission notice of withdrawal must be timely received by the Depositary at one of its addresses set forth on the back cover of this Offer to Purchase. Any such notice of withdrawal must specify the name of the person who tendered the Shares to be withdrawn, the number of Shares to be withdrawn and the name of the registered holder, if different from that of the person who tendered such Shares. If Share Certificates evidencing Shares to be withdrawn have been delivered or otherwise identified to the Depositary, then, prior to the physical release of such Share Certificates, the serial numbers shown on such Share Certificates must be submitted to the Depositary and the signature(s) on the notice of withdrawal must be guaranteed by an Eligible Institution, unless such Shares have been tendered for the account of an Eligible Institution. If Shares have been tendered pursuant to the procedure for book-entry transfer as set forth in Section 3, any notice of withdrawal must also specify the number of the account at the Book-Entry Transfer Facility to be credited with the withdrawn Shares and otherwise comply with the Book-Entry Transfer Facility's procedures. All questions as to the form and validity (including time of receipt) of notices of withdrawal will be determined by Purchaser, in its sole discretion, whose determination will be final and binding on all parties. None of Parent, Purchaser, the Dealer Manager, the Depositary, the Information Agent or any other person 8

  • Withdrawal Events In the event of the death, retirement, withdrawal, expulsion, or dissolution of a Member, or an event of bankruptcy or insolvency, as hereinafter defined, with respect to a Member, or the occurrence of any other event which terminates the continued membership of a Member in the Company pursuant to the Statutes (each of the foregoing being hereinafter referred to as a “Withdrawal Event”), the Company shall terminate sixty days after notice to the Members of such withdrawal Event unless the business of the Company is continued as hereinafter provided. Notwithstanding a Withdrawal Event with respect to a Member, the Company shall not terminate, irrespective of applicable law, if within aforesaid sixty day period the remaining Members, by the unanimous vote or consent of the Members (other than the Member who caused the Withdrawal Event), shall elect to continue the business of the Company. In the event of a Withdrawal Event with respect to an Member, any successor in interest to such Member (including without limitation any executor, administrator, heir, committee, guardian, or other representative or successor) shall not become entitled to any rights or interests of such Member in the Company, other than the allocations and distributions to which such Member is entitled, unless such successor in interest is admitted as a Member in accordance with this Agreement. An “event of bankruptcy or insolvency” with respect to a Member shall occur if such Member:

  • Withdrawal Before Bidding 7.1. Registered E-Bidders, who have completed the 10% deposit payment, are entitled to withdraw from the auction at least one (1) working day before the auction date by 5.00 pm. 7.2. The 10% deposit will be refunded back to the E-Bidders within three (3) working days via online banking.

  • Withdrawal of Services 50.1 Notwithstanding anything contained in this Agreement, except as otherwise required by Applicable Law, Verizon may terminate its offering and/or provision of any Service under this Agreement upon thirty (30) days prior written notice to CBB. 50.2 Notwithstanding anything contained in this Agreement, except as otherwise required by Applicable Law, Verizon may with thirty (30) days prior written notice to CBB terminate any provision of this Agreement that provides for the payment by Verizon to CBB of compensation related to traffic, including, but not limited to, Reciprocal Compensation and other types of compensation for termination of traffic delivered by Verizon to CBB. Following such termination, except as otherwise agreed in writing by the Parties, Verizon shall be obligated to provide compensation to CBB related to traffic only to the extent required by Applicable Law. If Verizon exercises its right of termination under this Section, the Parties shall negotiate in good faith appropriate substitute provisions for compensation related to traffic; provided, however, that except as otherwise voluntarily agreed by Verizon in writing in its sole discretion, Verizon shall be obligated to provide compensation to CBB related to traffic only to the extent required by Applicable Law. If within thirty (30) days after Verizon’s notice of termination the Parties are unable to agree in writing upon mutually acceptable substitute provisions for compensation related to traffic, either Party may submit their disagreement to dispute resolution in accordance with Section 14 of this Agreement.

  • Withdrawal of Grievance A grievance may be withdrawn at any level without establishing a precedent.

  • 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. B. In the event of the withdrawal of any Fund from this Agreement, all its rights and obligations, except for lease commitments, under this Agreement (except such rights or obligations as have accrued prior to the date of withdrawal) shall terminate as of the date of the withdrawal. The withdrawing Fund shall surrender its Shares to Service Company, and (1) shall be entitled to receive from Service Company an amount equal to the excess of the fair value of (i) its Shares of other securities Service Company as of the date of its withdrawal less (ii) its proportionate interest in any liabilities of Service Company, including when appropriate any commitments of Service Company and unexpired leases at the date of withdrawal; (2) shall be obligated to pay Service Company an amount equal to the excess of (ii) over (i). Such amount to be received from or paid to Service Company shall be determined by the favorable vote of the holders of a majority of the Shares whose determination shall be conclusive upon the Funds. Any amount found payable by the Service Company to the withdrawing Fund shall be recoverable by Service Company from the Funds remaining under this Agreement in accordance with the provisions of Section 1.2, 1.3 and 1.4 hereof.

  • WITHDRAWAL PROVISIONS At or before the Income Date, the Owner may withdraw all or part of the amounts under this Contract by informing the Company at the Service Center. For full withdrawal, this Contract, or a completed Lost Contract Affidavit, must be returned to the Service Center. Premiums withdrawn from the Contract Value may be subject to a Withdrawal Charge and Recapture Charge as explained in more detail below. Premiums that are no longer subject to the Withdrawal Charge and Recapture Charge (and not previously withdrawn), plus earnings may be withdrawn free of Withdrawal Charges and Recapture Charges at any time. Upon full withdrawal, the Owner will receive the Withdrawal Value. The Withdrawal Value will be based on values at the end of the Business Day in which the request for withdrawal is received at the Service Center in Good Order. In no event shall the amount withdrawn, whether a full withdrawal or partial withdrawal, exceed the Withdrawal Value. Except in connection with a systematic withdrawal program, the minimum partial withdrawal amount is $500, or if less, the Owner's entire interest in the Investment Division or Fixed Account Option from which a withdrawal is requested. The Owner's interest in the Investment Division or Fixed Account Option from which the withdrawal is requested must be at least [$100] after the withdrawal is completed or the Owner's entire interest in the Investment Division or Fixed Account Option will be withdrawn. Unless otherwise specified, the withdrawal will be made from each Investment Division and each Fixed Account Option in proportion to their current value. Withdrawals will be based on values at the end of the Business Day on which the request for withdrawal is received in Good Order at the Service Center. The Company will waive the Withdrawal Charge and Recapture Charge on any withdrawal necessary to satisfy the minimum distribution requirements of the Internal Revenue Code. Any withdrawal in excess of the required minimum distribution will cause the entire amount to be subject to any applicable Withdrawal Charge and Recapture Charge. You may elect to take a systematic withdrawal by surrendering a specific sum or a certain percentage on a monthly, quarterly, semiannual or annual basis, subject to a $50 minimum withdrawal. Such withdrawals will be counted in determining the portion of the Contract Value taken as an Additional Free Withdrawal. Systematic withdrawals in excess of the Additional Free Withdrawal amount may be subject to a Withdrawal Charge and Recapture Charge.

  • Withdrawal of Bid Any bidder who makes a bid but withdraws the same before the fall of the hammer, shall have his/her deposit equal to 10% of reserve price forfeited as agreed liquidated damages for payment to the Assignee/Bank. The Auctioneer reserves the right to put the property again for sale at the last undisputed bid, or otherwise to adjourn the auction to another date.

  • Withdrawal Any holder of Registrable Securities may elect to withdraw such holder’s request for inclusion of Registrable Securities in any Piggy-Back Registration by giving written notice to the Company of such request to withdraw prior to the effectiveness of the Registration Statement. The Company (whether on its own determination or as the result of a withdrawal by persons making a demand pursuant to written contractual obligations) may withdraw a Registration Statement at any time prior to the effectiveness of such Registration Statement. Notwithstanding any such withdrawal, the Company shall pay all expenses incurred by the holders of Registrable Securities in connection with such Piggy-Back Registration as provided in Section 3.3.

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