CONTINGENT DEFERRED SALES CHARGE. Upon a withdrawal of Certificate Value, a Contingent Deferred Sales Charge as set forth on the Contract Schedule may be assessed.
CONTINGENT DEFERRED SALES CHARGE. Means the charge which investors holding Shares of Classes “I2D”, “I2C”, “R2D” or “R2C” may be liable to as described under “Fees and Expenses” and in the relevant Product Annex. No Contingent Deferred Sales Charge will be applicable unless otherwise provided for in the Product Annex;
CONTINGENT DEFERRED SALES CHARGE. Upon a surrender of Contract Value a Contingent Deferred Sales Charge as set forth on the Contract Schedule be assessed. Under certain circumstances, we allow surrenders without the Contingent Deferred Sales Charge as set forth on the Contract Schedule. PROCEEDS PAYABLE ON DEATH DEATH OF CONTRACT OWNER DURING THE ACCUMULATION PERIOD: Upon the death of the Contract Owner, or any Joint Owner, during the Accumulation Period, the death benefit will be paid to the Beneficiary(ies) designated by the Contract Owner. Upon the death of a Joint Owner, the surviving Joint Owner, if any, will be treated as the primary Beneficiary. Any other Beneficiary designation on record at the time of death will be treated as a contingent Beneficiary.
Examples of CONTINGENT DEFERRED SALES CHARGE in a sentence
CONTINGENT DEFERRED SALES CHARGE (CDSC) -- Charges assessed on a surrender of the Contract or a partial withdrawal from the Contract, calculated according to the Contract provisions.
CLASS B SHARES HAVE A MAXIMUM CONTINGENT DEFERRED SALES CHARGE OF 5.00%.
CONTINGENT DEFERRED SALES CHARGE: 1% in the first year and eliminated thereafter.
CONTINGENT DEFERRED SALES CHARGE: 5% in the first year, declining to 1% in the sixth year and eliminated thereafter.
CONTINGENT DEFERRED SALES CHARGE: Assessed on purchases over $1 million that are redeemed within 12 months of purchase as follows: (i) 1.00% of the lower of the cost of the shares being redeemed or their NAV at the time of redemption if the shares are held for up to 6 months or (ii) 0.75% of the lower of the cost of the shares being redeemed or their NAV at the time of redemption if the shares are held for 6 to 12 months.
More Definitions of CONTINGENT DEFERRED SALES CHARGE
CONTINGENT DEFERRED SALES CHARGE. Upon a withdrawal of the Contract Withdrawal Value, a Contingent Deferred Sales Charge as set forth on the Contract Schedule may be assessed. The Contingent Deferred Sales Charge may be waived as set forth on the Contract Schedule under "Free Withdrawal" and "Waiver of Contingent Deferred Sales Charge." PROCEEDS PAYABLE ON DEATH DEATH OF OWNER DURING THE ACCUMULATION PERIOD: Upon the death of the Owner, or Joint Owner, prior to the Annuity Date, the death benefit will be paid to the Beneficiary(ies) designated by the Owner. Upon the death of a Joint Owner, the surviving Joint Owner, if any, will be treated as the Primary Beneficiary. Any other Beneficiary designation on record at the time of death will be treated as a Contingent Beneficiary. A Beneficiary may request that the death benefit be paid under one of the Death Benefit Options below. If the Beneficiary is the spouse of the Owner, he or she may elect to continue the Contract at the then current Contract Value in his or her own name and exercise all the Owner's rights under the Contract.
CONTINGENT DEFERRED SALES CHARGE. The contingent deferred sales charge for each Purchase Payment is a percentage of the Purchase Payment being liquidated. The charge decreases as the Purchase Payment ages. The aging of a Purchase Payment is measured from the date it is allocated to your Annuity. The charge is shown in the Schedule in the section entitled "Contingent Deferred Sales Charge." The charge is allocated among the allocation options in the same proportion as the withdrawal upon which it is assessed.
CONTINGENT DEFERRED SALES CHARGE. The Contingent Deferred Sales Charge for each Purchase Payment is a percentage of the Purchase Payment being withdrawn. The charge decreases as the Purchase Payment ages. The aging of a Purchase Payment is measured from the date it is allocated to your Annuity. If you make a withdrawal of a Purchase Payment on the day before an anniversary of the date that Purchase Payment was made, we will use the Contingent Deferred Sales Charge percentage that would apply if the withdrawal was made on the following day. The charge percentage is shown in the "Contingent Deferred Sales Charge" section of the Annuity Schedule. The charge is deducted from the Investment Options in the same proportion as the withdrawal upon which it is assessed.
CONTINGENT DEFERRED SALES CHARGE. With respect to any Fund, the contingent deferred sales charges payable, either directly or by withholding from the proceeds of the redemption of the shares of such Fund, by the shareholders of such Fund on any redemption of shares of such Fund in accordance with the Prospectus relating to such Fund and the Rules of Fair Practice.
CONTINGENT DEFERRED SALES CHARGE. Upon a full or partial surrender of this Contract a contingent deferred sales charge as set forth on the Contract Schedule may be assessed. Under certain circumstances, we allow surrenders without the contingent deferred sales charge as set forth on the Contract Schedule. Purchase Payments surrendered under the partial surrender privilege are still subject to applicable contingent deferred sales charge upon full surrender of the Contract.
CONTINGENT DEFERRED SALES CHARGE. A Contingent Deferred Sales Charge is assessed against Purchase Payments withdrawn. The charge is calculated at the time of each withdrawal. For partial withdrawals, the charge is deducted from the remaining Contract Value and is deducted from the Funds [and the Fixed Account] in the same proportion that the amount of withdrawal from the Fund [or Fixed Account] bears to the total of the partial withdrawal. The Contingent Deferred Sales Charge is based upon the length of the time from receipt of the Purchase Payment. Withdrawals are deemed to have come from the oldest Purchase Payments first. Each Purchase Payment is tracked as to its date of receipt and the Contingent Deferred Sales Charges are determined in accordance with the following. [CONTINGENT DEFERRED SALES CHARGE
CONTINGENT DEFERRED SALES CHARGE. The percentage shown on the Contract Data Pages used to determine the amount payable upon redemption of the Contract.