WITHDRAWAL PROVISION. Prior to the Annuity Date while the Annuitant is living, You may withdraw all or part of the Contract Value amounts under this Certificate by informing Us at Our Annuity Service Center. For full withdrawal, this Certificate must be returned to Our Annuity Service Center. Absent written notification to the contrary, withdrawals and any applicable charge will be deducted from the Contract Value in proportion to its allocation among the Fixed Account and the Variable Accounts. Withdrawals will be based on values at the end of the Valuation Period in which the request for withdrawal and the Certificate (in the case of a full withdrawal), are received at the Annuity Service Center. Unless the SUSPENSION OF PAYMENTS or DEFERMENT OF PAYMENTS sections are in effect, payment of withdrawals will be made within seven days. Market Value Adjustment may be applied to withdrawals. CONTINGENT DEFERRED SALES CHARGE Withdrawal of all or part of the Contract Value may be subject to a Contingent Deferred Sales Charge (CDSC). However, no CDSC is made on an amount withdrawn which is considered to be a withdrawal of earnings. In addition, for the first withdrawal of a Contract Year, no Contingent Deferred Sales Charge is applied to such part of the withdrawal which does not exceed the larger of (a) earnings in the Certificate or (b) the Free Corridor. The Free Corridor is equal to 10% of the sum of Purchase Payments made more than one year prior to the date of withdrawal, are still subject to CDSC, and are not yet withdrawn. The portion of a free withdrawal, which exceeds the sum of earnings attributable to the Participant and premiums which are both no longer subject to CDSC and not yet withdrawn, is assumed to be a withdrawal against future earnings. We reserve the right to allow the Free Corridor to include all Purchase Payments still subject to CDSC which are not yet withdrawn. If this is done, it will apply to all Participants and Participants will be notified of such change. For the purpose of determining the CDSC, a withdrawal will be attributed to amounts in the following order: (1) earnings in the Certificate, (2) Purchase Payments which are both no longer subject to CDSC and are not yet withdrawn, and (3) Purchase Payments subject to CDSC. Purchase Payments, when withdrawn, are assumed to be withdrawn on a first-in first-out (FIFO) basis. The charge applied to any withdrawal subject to CDSC will depend on the age of the Purchase Payments to which the withdrawal is attr...
WITHDRAWAL PROVISION. 9.1 WHAT ARE THE RULES FOR You may make partial withdrawals during the A PARTIAL WITHDRAWAL OF accumulation period by written request. You THE SURRENDER VALUE? must specify the investment option(s) from which the partial withdrawal is to be made. We will pay you the amount you request in connection with a partial withdrawal by canceling accumulation units from appropriate subaccount(s) and/or reducing applicable amount(s) from any other investment option provided for by endorsement. Partial withdrawals generally will be effective as of the date we receive written request. Any applicable surrender charge will be deducted from the remaining value in the investment option(s) from which the partial withdrawal is being made. If such remaining investment option values are insufficient for this purpose, the surrender charge will be deducted pro-rata from all investment options under the contract based on the remaining contract value in each investment option. If a partial withdrawal would cause the surrender value to be less than $2,000, we will treat your request as a full surrender.
9.2 WHAT ARE THE RULES FOR You have the right to surrender this contract A FULL SURRENDER OF THE during the accumulation period by written CONTRACT? request. You will be paid the surrender value. The surrender value is equal to:
a.) the contract value at the end of the valuation period in which we receive your request;
b.) minus any applicable surrender charge;
c.) minus the annual contract fee and any applicable charge for rider(s) if the surrender does not occur on a contract anniversary;
d.) minus any applicable premium expense charges not previously deducted; and
e.) minus any applicable adjustment(s) or deduction(s) provided for by any endorsement attached to your contract. The surrender value will not be less than the amount required by state law. Upon payment of the above surrender value, this contract is terminated and we have no further obligation under this contract. We may require you to return your contract to our home office prior to making payment.
9.3 WHEN WILL A SURRENDER A surrender charge is imposed on withdrawals as CHARGE BE APPLIED AND described on the contract data page. The HOW IS IT CALCULATED? surrender charge schedule, description of how a surrender charge is calculated and free withdrawal amount is shown on the data page.
9.4 ARE THERE ANY We reserve the right to postpone payment of any RESTRICTIONS ON partial withdrawal or full surrender from the PAYMENT ...
WITHDRAWAL PROVISION. We may withdraw or discontinue any form or forms of policies and also reserve the right to comply with any legislative enactment or departmental ruling or to withdraw from any part or parts of the territory in which You operate. It is further agreed that the provisions of this Agreement may be modified or changed, if they conflict with any federal or state law or ruling of any State Insurance Department. In addition, We retain the sole discretion to modify or change any provision of this agreement to conform to our business needs and objectives.
WITHDRAWAL PROVISION. We may withdraw, modify, or discontinue any product, form, product feature, service, or tools We provide to you and also reserve the right to withdraw from any part or parts of the territory in which You operate.
WITHDRAWAL PROVISION. On or before the Annuity Date and while the Owner is living, You may withdraw all or part of Your Contract Value under this Contract by informing Us at Our Annuity Service Center. For a full withdrawal, this Contract must be returned to Our Annuity Service Center. The minimum amount that can be withdrawn and the amount remaining after withdrawal are subject to Company limits. Without a written notice to the contrary, withdrawals will be deducted from the Contract Value in proportion to their allocation among the Subaccounts. Withdrawals will be based on values at the end of the NYSE business day in which the request for withdrawal and the Contract (in the case of a full withdrawal), are received at the Annuity Service Center. Unless the SUSPENSION OF PAYMENTS or DEFERMENT OF PAYMENTS section is in effect, payment of withdrawals will be made within seven calendar days. Prior to the Annuity Date, You may elect to participate in the Systematic Withdrawal Program by informing Us at Our Annuity Service Center. The Systematic Withdrawal Program allows You to make automatic withdrawals from Your account monthly, quarterly, semiannually or annually. The minimum systematic withdrawal amount is subject to Company limits. You may terminate Your participation in the Systematic Withdrawal Program at any time by sending Us a written request. We reserve the right to modify, suspend or terminate the Systematic Withdrawal Program at any time.
WITHDRAWAL PROVISION. If the PC has good reason to withdraw during the process (i.e., conflict of interest, bias, etc.) the PC shall give 30 days’ notice in writing and provide reason(s) for doing so. _
WITHDRAWAL PROVISION. On or before the Annuity Date and while the Owner is living, You may withdraw all or part of Your Contract Value under this Contract by informing Us at Our Annuity Service Center. For a full withdrawal, this Contract must be returned to Our Annuity Service Center. The minimum amount that can be withdrawn and the amount remaining after withdrawal are subject to Company limits.
WITHDRAWAL PROVISION. On or before the Annuity Date and while the Participant is living, You may withdraw all or part of Your Certificate Value under this Certificate by informing Us at Our Annuity Service Center. For a full withdrawal, this Certificate must be returned to Our Annuity Service Center. The minimum amount that can be withdrawn and the amount remaining after withdrawal are subject to Company limits. Without a written notice to the contrary, withdrawals will be deducted from the Certificate Value in proportion to their allocation among the Fixed Account Options and the Subaccounts. Withdrawals will be based on values at the end of the NYSE business day in which the request for withdrawal and the Certificate (in the case of a full withdrawal), are received at the Annuity Service Center. Unless the
WITHDRAWAL PROVISION. An Owner may withdraw from this Agreement by transferring, without warranty of title either express or implied, to the Owner(s) who do not desire to withdraw all its interest in the Plant provided that such transfer shall not relieve such Owner from any obligation or liability incurred prior to the first day of the month following receipt by Operator of notice of such transfer. The delivery of the transfer shall be made to Operator for the transferee(s). The transfer interest shall be owned by the transferee(s) in proportion to their respective Plant Ownership Interest. The transferee(s), in proportion to the respective interests so acquired, shall pay the transferor for its interest in the Plant, the net salvage value thereof less its share of the estimated cost of salvaging, dismantling and cleanup of Plant and Plant Site as determined by seventy percent (70%) of the Plant Ownership Interest of the non-transferring Owners. In the event such withdrawing Owner's interest in the aforesaid net salvage value is less than such Owner's share of such estimated costs, the withdrawing Owner, as a condition precedent to withdrawal, shall pay the Operator, for the benefit of non-transferring Owners succeeding to its interest, a sum equal to the deficiency. Within sixty (60) days after receiving notice of the transfer, Operator shall render a final statement to the withdrawing Owner for its share of Plant costs and expenses, including any deficiency in net salvage value, as determined by the non-transferring Owners, incurred as of the first day of the month following the date of receipt of the transfer. Provided all Plant costs and expenses including any deficiency hereunder, due from the withdrawing Owner have been paid in full within thirty (30) days after the rendering of such final statement by the Operator, the transfer shall be effective the first day of the month following receipt of Notice by Operator and, as of such effective date, withdrawing Owner shall be relieved from all further obligations and liabilities hereunder and under this Agreement, and the rights of the withdrawing Owner hereunder and under this Agreement shall cease insofar as they existed by virtue of the interest transferred.
WITHDRAWAL PROVISION. Prior to the Annuity Date while the Annuitant is living, You may withdraw all or part of the Certificate Value amounts under this Certificate by informing Us at Our Annuity Service Center. For full withdrawal, this Certificate must be returned to Our Annuity Service Center. Absent written notification to the contrary, withdrawals and any applicable charge will be deducted from the Certificate Value in proportion to its allocation among the Fixed Account and the Variable Accounts. Withdrawals will be based on values at the end of the valuation Period in which the request for withdrawal and the Certificate (in the case of a full withdrawal), are received at the Annuity Service Center. Unless the SUSPENSION OF PAYMENTS or DEFERMENT OF PAYMENTS sections are in effect, payment of withdrawals will be made within seven days.
