Common use of WITHDRAWALS AND TRANSFERS BEFORE MATURITY Clause in Contracts

WITHDRAWALS AND TRANSFERS BEFORE MATURITY. At any time before the maturity of the Plan, the Planholder may instruct the Trustee to make a withdrawal from the Plan or to pay or transfer on behalf of the Planholder all or part of the Fund, in accordance with subsection 146(16) of the Act, to another registered retirement savings plan, a registered retirement income fund or a registered pension plan. Any withdrawal or transfer is subject to the terms of the investments under the Plan, the withholding of any applicable tax and the deduction of all proper fees, expenses, commission and other charges. In the case where the Planholder transfers the Plan to another financial institution, or to another line of business within BMO, the Planholder is solely responsible for ensuring the new Agent is aware of any designation of beneficiaries. Further, when the minimum payment amount is determined based on the age of the Planholder’s spouse, the Planholder is solely responsible for ensuring the new agent is aware of this election.

WITHDRAWALS AND TRANSFERS BEFORE MATURITY. At any time before the maturity of the Plan, the Planholder may instruct the Trustee to make a withdrawal from the Plan or to pay or transfer on behalf of the ofthe Planholder all or part of the Fund, in accordance with subsection 146(16) of the Act, to another registered anotherregistered retirement savings plan, a registered retirement income fund or a registered pension plan. Any withdrawal or withdrawalor transfer is subject to the terms of the investments under the Plan, the withholding of any applicable tax and the deduction of all proper fees, expenses, commission and other charges. In the case where the Planholder transfers the Plan to another financial institution, or to another line of business ofbusiness within BMO, the Planholder is solely responsible for ensuring the new Agent is aware of any designation of beneficiaries. Further, when the minimum payment amount is determined based on the age of the Planholder’s spouse, the Planholder is solely responsible for ensuring the new agent is aware of this election.

WITHDRAWALS AND TRANSFERS BEFORE MATURITY. At any time before the maturity of the Plan, the Planholder may instruct the Trustee to make a withdrawal from the Plan or to pay or transfer on behalf of the Planholder all or part of the Fund, in accordance with subsection 146(16) of the Act, to another registered retirement savings planRegistered Retirement Savings Plan, a registered retirement income fund Registered Retirement Income Fund or a registered pension plan. Any withdrawal or transfer is subject to the terms of the investments under the Plan, the withholding of any applicable tax and the deduction of all proper fees, expenses, commission and other charges. In the case where the Planholder transfers the Plan to another financial institution, or to another line of business within BMO, the Planholder is solely responsible for ensuring the new Agent is aware of any designation of beneficiaries. Further, when the minimum payment amount is determined based on the age of the Planholder’s spouse, the Planholder is solely responsible for ensuring the new agent is aware of this election.

WITHDRAWALS AND TRANSFERS BEFORE MATURITY. At any time before the maturity of the Plan, the Planholder may instruct the Trustee to make a withdrawal from the Plan or to pay or transfer on behalf of the Planholder all or part of the Fund, in accordance with subsection 146(16) of the Act, to another registered retirement savings plan, a registered retirement retire- ment income fund or a registered pension plan. Any withdrawal or transfer is subject to the terms of the investments under the Plan, the withholding of any applicable tax and the deduction of all proper fees, expenses, commission and other charges. In the case where the Planholder transfers the Plan to another financial institution, or to another line of business within BMO, the Planholder is solely responsible for ensuring the new Agent is aware of any designation of beneficiaries. Further, when the minimum payment amount is determined deter- mined based on the age of the Planholder’s spouse, the Planholder is solely responsible for ensuring the new agent is aware of this election.