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]
Sample 1
AutoNDA by SimpleDocs
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]
Sample 1
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thereafter --- --- --- --- ---------------- 7% 7% 6% 6% 0% The deferred sales charge is applied to Purchase Payments withdrawn or surrendered from this contract.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")
Sample 1
Xxxxxxxxxx and Surrender. 10 MULTIOPTION ADVISOR C 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]
Sample 1
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.
Sample 1
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.
Sample 1
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 ...
Sample 1
AutoNDA by SimpleDocs

Related to Xxxxxxxxxx and Surrender

  • FORM OF RECEIPTS, DEPOSIT OF SHARES, EXECUTION AND DELIVERY, TRANSFER AND SURRENDER OF RECEIPTS SECTION 2.01 FORM AND TRANSFERABILITY OF RECEIPTS. SECTION 2.02 DEPOSIT OF SHARES.

  • Form of Receipts Deposit of Shares Delivery Transfer and Surrender of American Depositary Shares SECTION 2.01 Form of Receipts; Registration and Transferability of American Depositary Shares.

  • Deliver; Surrender (a) The term “deliver”, or its noun form, when used with respect to Shares or other Deposited Securities, shall mean (i) book-entry transfer of those Shares or other Deposited Securities to an account maintained by an institution authorized under applicable law to effect transfers of such securities designated by the person entitled to that delivery or (ii) physical transfer of certificates evidencing those Shares or other Deposited Securities registered in the name of, or duly endorsed or accompanied by proper instruments of transfer to, the person entitled to that delivery.

  • Surrender of Shares; Stock Transfer Books (a) Prior to the Effective Time, Parent shall designate a bank or trust company reasonably satisfactory to XETA to act as agent (the “Exchange Agent”) for the holders of Common Shares in connection with the Merger to receive the Merger Consideration to which holders of Common Shares shall become entitled pursuant to Section 1.6. At or prior to the Effective Time, Parent shall deposit with the Exchange Agent, in trust for the benefit of the holders of Common Shares, for payment by the Exchange Agent in accordance with this Article I, the cash necessary to pay to the holders of the Common Shares converted into the right to receive Merger Consideration (the “Exchange Fund”). The Exchange Agent, pursuant to irrevocable instructions consistent with the terms of this Agreement, shall deliver such cash to be paid pursuant to Section 1.6 out of the Exchange Fund, and the Exchange Fund shall not be used for any other purpose whatsoever. The Exchange Fund shall be invested by the Exchange Agent as directed by the Surviving Corporation; provided, however, that such investments shall be in obligations of or guaranteed by the United States of America or of any agency thereof and backed by the full faith and credit of the United States of America, in commercial paper obligations rated A-1 or P-1 or better by Xxxxx’x Investors Services, Inc. or Standard & Poor’s Corporation, respectively, or in deposit accounts, certificates of deposit or banker’s acceptances of, repurchase or reverse repurchase agreements with, or Eurodollar time deposits purchased from, commercial banks with capital, surplus and undivided profits aggregating in excess of $500 million (based on the most recent financial statements of such bank which are then publicly available at the Securities and Exchange Commission (“SEC”) or otherwise); provided further, that any net profits from, or interest or income produced by, such investments shall be payable as directed by Parent; provided, further, that no loss on any investment made pursuant to this Section 1.8 shall affect the Merger Consideration payable to the holders of Common Shares and, following any losses, Parent shall promptly provide additional funds to the Exchange Agent for the benefit of the shareholders of XETA in the amount of any such losses.

  • Acceptance of Surrender No surrender to Lessor of this Lease or of the Leased Property or any part thereof, or of any interest therein, shall be valid or effective unless agreed to and accepted in writing by Lessor and no act by Lessor or any representative or agent of Lessor, other than such a written acceptance by Lessor, shall constitute an acceptance of any such surrender.

  • No Surrender No act or conduct of Landlord, whether consisting of the acceptance of the keys to the Premises, or otherwise, shall be deemed to be or constitute an acceptance of the surrender of the Premises by Tenant prior to the expiration of the Term, and such acceptance by Landlord of surrender by Tenant shall only flow from and must be evidenced by a written acknowledgment of acceptance of surrender signed by Landlord. The surrender of this Lease by Tenant, voluntarily or otherwise, shall not work a merger unless Landlord elects in writing that such merger take place, but shall operate as an assignment to Landlord of any and all existing subleases, or Landlord may, at its option, elect in writing to treat such surrender as a merger terminating Tenant's estate under this Lease, and thereupon Landlord may terminate any or all such subleases by notifying the sublessee of its election so to do within five (5) days after such surrender.

  • Release/Surrender The Shares, together with any other assets or securities held in escrow hereunder, shall be subject to the following terms and conditions relating to their release from escrow or their surrender to the Company for cancellation:

  • Cancellation and Destruction of Surrendered ADRs; Maintenance of Records All ADRs surrendered to the Depositary shall be canceled by the Depositary. Canceled ADRs shall not be entitled to any benefits under the Deposit Agreement or be valid or enforceable against the Depositary for any purpose. The Depositary is authorized to destroy ADRs so canceled, provided the Depositary maintains a record of all destroyed ADRs. Any ADSs held in book-entry form (e.g., through accounts at DTC) shall be deemed canceled when the Depositary causes the number of ADSs evidenced by the Balance Certificate to be reduced by the number of ADSs surrendered (without the need to physically destroy the Balance Certificate).

  • Limitations on Execution and Delivery, Transfer and Surrender of Receipts As a condition precedent to the execution and delivery, registration of transfer, split-up, combination or surrender of any Receipt or withdrawal of any Deposited Securities, the Depositary, Custodian or Registrar may require payment from the depositor of Shares or the presenter of the Receipt of a sum sufficient to reimburse it for any tax or other governmental charge and any stock transfer or registration fee with respect thereto (including any such tax or charge and fee with respect to Shares being deposited or withdrawn) and payment of any applicable fees as herein provided, may require the production of proof satisfactory to it as to the identity and genuineness of any signature and may also require compliance with any regulations the Depositary may establish consistent with the provisions of this Deposit Agreement, including, without limitation, this Section 2.6. The delivery of Receipts against deposits of Shares generally or against deposits of particular Shares may be suspended, or the transfer of Receipts in particular instances may be refused, or the registration of transfer of outstanding Receipts generally may be suspended, during any period when the transfer books of the Depositary are closed, or if any such action is deemed necessary or advisable by the Depositary or the Issuer at any time or from time to time because of any requirement of law or of any government or governmental body or commission, or under any provision of this Deposit Agreement, or for any other reason, subject to the provisions of Section 7.7 hereof. Notwithstanding any other provision of this Deposit Agreement or the Receipts, the surrender of outstanding Receipts and withdrawal of Deposited Securities may not be suspended subject only to (i) temporary delays caused by closing the transfer books of the Depositary or the Issuer or the deposit of Shares in connection with voting at a shareholders' meeting, or the payment of dividends, (ii) the payment of fees, taxes and similar charges, and (iii) compliance with any U.S. or foreign laws or governmental regulations relating to the Receipts or to the withdrawal of the Deposited Securities. Without limitation of the foregoing, the Depositary shall not knowingly accept for deposit under this Deposit Agreement any Shares required to be registered under the provisions of the Securities Act, unless a registration statement is in effect as to such Shares.

  • Sale of Unlegended Shares Holder agrees that the removal of the restrictive legend from this Warrant and any certificates representing securities as set forth in Section 2(e) above is predicated upon the Company’s reliance that the Holder will sell this Warrant or any Exercise Shares and/or any Failure Payment Shares, as applicable, pursuant to either the registration requirements of the Securities Act, including any applicable prospectus delivery requirements, or an exemption therefrom, and that if such securities are sold pursuant to a Registration Statement, they will be sold in compliance with the plan of distribution set forth therein.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!