Xxxxxxxxxx and Surrender Sample Clauses

Xxxxxxxxxx and Surrender. 11 MULTIOPTION ADVISOR VARIABLE ANNUITY YOUR CONTRACT INFORMATION - EFFECTIVE [OCTOBER, 1, 2003] CONTRACT NUMBER: [123456] CONTRACT DATE: [October, 1, 2003] OWNER: [Xxxx Xxx] MATURITY DATE: [October 1, 2052]
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Xxxxxxxxxx and Surrender. 11 XXXXXXX & XXXX ADVISORS RETIREMENT BUILDER II - L SERIES CONTRACT DATA PAGE - EFFECTIVE [OCTOBER 1, 2013] CONTRACT NUMBER: [A123456] CONTRACT DATE: [October 1, 2013] OWNER: [Xxxx Xxx] MATURITY DATE: [October 1, 2058]
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Xxxxxxxxxx and Surrender. Prior to the Annuity Date, the Owner may, by Request, withdraw a part of the Surrender Value or surrender the contract for its Surrender Value. Any withdrawal must be at least the Minimum Withdrawal Amount (see Specifications page). A withdrawal will not be permitted if the Accumulated Value remaining in the contract would be less than the Minimum Accumulated Value After Withdrawal (see Specifications page). The Request must indicate the dollar amount to be paid and the accounts from which it is to be withdrawn. A withdrawal from a Guarantee Period Account will be subject to a Market Value Adjustment. When surrendered, this contract terminates and the Company has no further liability under it. The Surrender Value will be based on the Accumulated Value on the Effective Valuation Date. Amounts taken from the Variable Account will be paid within 7 days of the date a Request is received. The Company reserves the right to delay payments subject to applicable laws, rules and regulations governing variable annuities. Amounts taken from the Fixed Account or the Guarantee Period Accounts will normally be paid within 7 days of the date a Request is received. The Company may defer payment for up to six months from the receipt date. If deferred for 30 days or more, the amount payable will be credited interest at a rate equal to the Minimum Fixed Account Guaranteed Interest Rate (see Specifications Page), or the rate mandated by the appropriate State. Withdrawal Without In each calendar year, withdrawals up to the Withdrawal Surrender Charge Without Surrender Charge Amount (see Specifications page) as of the Effective Valuation Date may be made. The Withdrawal Without Surrender Charge will first be deducted from cumulative earnings. To the extent that it exceeds cumulative earnings, the excess will be considered withdrawn on a last-in, first-out basis from Payments not previously withdrawn. Amounts withdrawn from a Guarantee Period Account prior to the end of the applicable Guarantee Period will be subject to a Market Value Adjustment. Withdrawal With Any amounts withdrawn or surrendered in excess of the Surrender Charge Withdrawal Without Surrender Charge amount may be subject to a surrender charge. These amounts will be taken on a first-in, first-out basis from Payments not previously considered withdrawn. The Company will compute applicable charges using the Surrender Charge Table (see Specifications page). Waiver of Surrender The surrender charge will be waived if ...
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Xxxxxxxxxx and Surrender. WITHDRAWAL PROVISIONS At any time before Annuity Payments begin, you may request a partial withdrawal from the Contract Value. You must make a Written Request for any withdrawals. The amount of any withdrawal must be for at least $250. We may treat any partial withdrawal that leaves a Contract Value of less than $1,000 as a complete surrender of the contract. In the event of a withdrawal, the Contract Value will be reduced by the amount requested and any applicable deferred sales charge. In addition, withdrawals from any of the Guarantee Periods of the Guaranteed Term Account may be subject to a Market Value Adjustment which may increase or decrease the amount of the withdrawal. The amount withdrawn may also reflect any required or requested federal and/or state income tax withholding. Unless otherwise instructed by you, withdrawals will be made from your values in a DCA Fixed Account option, Fixed Account, each Guarantee Period of the Guaranteed Term Account, and each Sub-Account of the Variable Account on a pro-rata basis relative to your Contract Value. Amounts withdrawn from the DCA Fixed Account, Fixed Account, and the Guaranteed Term Account will be withdrawn on a first-in, first-out basis. Withdrawal values will be determined as of the Valuation Date coincident with or next following the date your Written Request is received at our home office.
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Xxxxxxxxxx and Surrender. 11 MULTIOPTION ADVISOR L CLASS VARIABLE ANNUITY YOUR CONTRACT INFORMATION - EFFECTIVE [05/01/2003] CONTRACT NUMBER: [123456] CONTRACT DATE: [05/01/2003] OWNER: [Xxxx Xxx] MATURITY DATE: 05/01/2053] JOINT OWNER: JURISDICTION: [Your State] ANNUITANT: [Xxxx Xxx] GENDER: [M] DATE OF BIRTH: [05/01/1968] JOINT ANNUITANT: GENDER: DATE OF BIRTH: PLAN: [Non-Qualified] INITIAL PURCHASE PAYMENT: [$25,000.00] GENERAL ACCOUNT - CURRENT GUARANTEE PERIOD(S): [1 year] GUARANTEED TERM ACCOUNT - CURRENT GUARANTEE PERIOD(S): [3,5,7, and 10 years] GENERAL ACCOUNT AND GUARANTEED TERM ACCOUNT MINIMUM ANNUAL INTEREST RATE: 2.00% during the first 10 Contract Years and 3.00% thereafter VARIABLE ACCOUNT(S): Variable Annuity Account Years Since Purchase Payment ---------------------------- DEFERRED SALES CHARGE: 0-1 1-2 2-3 3-4 4 and thereafter --- --- --- --- ---------------- 7% 7% 6% 6% 0% The deferred sales charge is applied to Purchase Payments withdrawn or surrendered from this contract. TRANSFER CHARGE Current Maximum ------- ------- A charge deducted from the transfer amount when the frequency of transfer $ 0 $10 exceeds twelve per Contract Year. CHARGES TO VARIABLE ACCOUNT A daily charge deducted from any portion of the Contract Value allocated to the Variable Account. The deduction is the daily equivalent of the annual percentage shown below: Administrative Charge: 0.15% Mortality and Expense Risk Charge prior to Annuity Commencement: 1.35% Mortality and Expense Risk Charge after Annuity Commencement: 1.20% OPTIONAL RIDERS AND CHARGES [None] 03-70084 Minnesota Life 1 DEFINITIONS ("DEFINITIONS")
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Xxxxxxxxxx and Surrender. You have the right to make a partial withdrawal or full surrender at any time during the accumulation phase. You must specify the investment alternative(s) from which you wish to make a withdrawal. The amount of any withdrawal you request, plus an early withdrawal charge and premium taxes when applicable, will reduce your cash value. Any withdrawal must be at least $500. If a withdrawal would leave a cash value of less than $500, we will treat the request as a full surrender. If you surrender your Contract, we will pay you its cash value, less any applicable early withdrawal charges and premium taxes, and the Contract will terminate.
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Xxxxxxxxxx and Surrender. 12 MULTIOPTION EXTRA VARIABLE ANNUITY CONTRACT DATA PAGE - EFFECTIVE [August 1, 2007] Contract Number: [123456] Contract Date: [August 1, 2007] Owner: [Xxxx Xxx] Maturity Date: [August 1, 2057]
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Related to Xxxxxxxxxx and Surrender

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  • Xxxxxxxxx, Esq If to the Trustee: The Bank of New York Mellon Corporate Trust Division 000 Xxxxxxxxx Xxxxxx, 0xx Xxxxx Xxxx Xxx Xxxx, XX 00000 Facsimile No.: (000) 000-0000 Attention: Corporate Trust Division The Issuer, any Guarantor or the Trustee, by notice to the others, may designate additional or different addresses for subsequent notices or communications. 92 All notices and communications to the Trustee or any Agent shall be deemed to have been duly given upon actual receipt thereof by such party. All other notices and communications (other than those sent to Holders) will be deemed to have been duly given: at the time delivered by hand, if personally delivered; five Business Days after being deposited in the mail, postage prepaid, if mailed; when receipt acknowledged, if transmitted by facsimile or other electronic transmission; and the next Business Day after timely delivery to the courier, if sent by overnight air courier guaranteeing next day delivery. Any notice or communication to a Holder of a Global Note will be delivered to the Depositary in accordance with its customary procedures. Any notice or communication to a Holder of a Definitive Note will be mailed by first class mail, certified or registered, return receipt requested, or by overnight air courier guaranteeing next day delivery to its address shown on the register kept by the Registrar. Failure to give a notice or communication to a Holder or any defect in it will not affect its sufficiency with respect to other Holders. Except with respect to the Trustee and the Agents, if a notice or communication is given in the manner provided above within the time prescribed, it is duly given, whether or not the addressee receives it. In respect of this Indenture, the Trustee shall not have any duty or obligation to verify or confirm that the Person sending instructions, directions, reports, notices or other communications or information by electronic transmission is, in fact, a Person authorized to give such instructions, directions, reports, notices or other communications or information on behalf of the party purporting to send such electronic transmission; and the Trustee shall not have any liability for any losses, liabilities, costs or expenses incurred or sustained by any party as a result of such reliance upon or compliance with such instructions, directions, reports, notices or other communications or information. Each other party agrees to assume all risks arising out of the use of electronic methods, including any non-secure method, such as, but without limitation, by facsimile or electronic mail, to submit instructions, directions, reports, notices or other communications or information to the Trustee, including without limitation, the risk of the Trustee acting on unauthorized instructions, notices, reports or other communications or information, and the risk of interception and misuse by third parties. If the Issuer gives a notice or communication to Holders, it will give a copy to the Trustee and each Agent at the same time. The Trustee shall have the right to accept and act upon Instructions given pursuant to this Indenture and any related financing documents and delivered using Electronic Means as provided in Section 7.06.

  • Xxxxxxxxxxxx This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

  • Xxxxxxxxxxxxx The captions in this Agreement are included for convenience of reference only, and in no way define or delimit any of the provisions hereof or otherwise affect their construction or effect. This Agreement may be executed simultaneously in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

  • Xxxxxxxxxxxxxx XX.Xxx as a Microsoft Excel Spreadsheet or some other mutually agreeable standardized format (CSV, MDB, etc.).

  • Xxxxxxxxxxxxxxx Xx the fullest extent permitted by the Act, as the same now exists or may hereafter be amended, substituted or replaced (but, in the case of any such amendment, substitution or replacement only to the extent that such amendment, substitution or replacement permits the Company to provide broader indemnification rights than the Act permitted the Company to provide prior to such amendment, substitution or replacement), the Company shall indemnify, hold harmless, defend, pay and reimburse any Covered Person against any and all losses, claims, damages, judgments, fines or liabilities, including reasonable legal fees or other expenses incurred in investigating or defending against such losses, claims, damages, judgments, fines or liabilities, and any amounts expended in settlement of any claims (collectively, "Losses") to which such Covered Person may become subject by reason of any act or omission or alleged act or omission performed or omitted to be performed by such Covered Person on behalf of the Company in connection with the business of the Company, including pursuant to the Management Agreement; provided, that (i) such Covered Person acted in good faith and in a manner believed by such Covered Person to be in, or not opposed to, the best interests of the Company and, with respect to any criminal proceeding, had no reasonable cause to believe his conduct was unlawful, and (ii) such Covered Person's conduct did not constitute fraud or willful misconduct, in either case as determined by a final, nonappealable order of a court of competent jurisdiction. In connection with the foregoing, the termination of any action, suit or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption that the Covered Person did not act in good faith or, with respect to any criminal proceeding, had reasonable cause to believe that such Covered Person's conduct was unlawful, or that the Covered Person's conduct constituted fraud or willful misconduct.

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