Net Withdrawal definition

Net Withdrawal means the payment you will receive as a consequence of your request for a withdrawal, provided sufficient Accumulation Value is available. The Net Withdrawal is equal to the Gross Withdrawal, adjusted by any applicable Market Value Adjustment, less any applicable Surrender Charges and taxes.
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Net Withdrawal means the payment you will receive as a consequence of your request for a withdrawal, provided sufficient Contract Value is available. The Net Withdrawal is equal to the Gross Withdrawal less any applicable Surrender and Premium Enhancement Recapture Charges, and any applicable taxes. Premium Enhancements will be included in the determination of Accumulation Units in the same manner as premium payments. With respect to the GIA Account, interest will be credited to any Premium Enhancement in the same manner as premium payments. Prior to the Maturity Date, you may surrender your contract or withdraw a portion of your Contract Value, without a Surrender Charge or Premium Enhancement Recapture Charge, under the Nursing Home or Terminal Illness Waiver, if the conditions provided in the contract are satisfied. When Surrender Charges are waived due to either the Nursing Home or Terminal Illness Waiver, any Premium Enhancements not previously assessed a Premium Enhancement Recapture Charge that are credited during the 12 months prior to the date of surrender or withdrawal, will be deducted from the Contract Value prior to payment of the surrender or withdrawal. Any death benefit proceeds will be reduced by any Premium Enhancements not previously assessed a Premium Enhancement Recapture Charge credited during the 12 months prior to the date of death, unless the Spousal Continuation Option is in effect, as specified in the contract. In no situation will we recapture an amount that would result in death proceeds after recapture to be less than 100% of premium payments less "Adjusted Partial Withdrawals. Item (3) of the Net Investment Factor provision in Section 6: Separate Account and Investment Options, has been replaced with the following:
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Examples of Net Withdrawal in a sentence

  • This section may be completed for informational purposes only.Gross Withdrawal Amount Federal Withholding Amount State Withholding Amount Net Withdrawal Amount Note: The gross withdrawal amount is the amount after any penalties and fees assessed by the trustee or custodian.

  • When you make a withdrawal, you must specify whether you choose to make a Gross Withdrawal or a Net Withdrawal.

  • That research found that health care providers did respond to financial incentives offered by the scheme (Croxson et al.

  • Any determination of MetLife's share of any Net Withdrawal will not be affected by the bankruptcy, insolvency or other failure to act of any bank, insurance company or other provider of a [PLUS Fund] funding vehicle.

  • Some of the allegations did not pertain to Medicaid provider fraud but rather pertained to Medicaid recipient fraud.

  • IURP WKH &0 &-$off6T$im e)RisQde emDeQd \to beGaDd\em an dDbyVth eDCWus tomWeKr fHor pa&yXmeWnt of an amount of the Cost Price portion of the outstanding Murabahah Sale Price(s) in the order set out in Clause 37.2. That payment shall be equal to the lower of the amount of the Net Withdrawal or the Cost Price portion of the outstanding Murabahah Sale Price(s).

  • Reason for Rollover: Rollover Options (choose one):Termination of EmploymentOther In-Service Withdrawal (if plan allows)Retirement QDRO AwardAge 59 1/2Plan Termination Full Rollover - Roll over my entire account, including the portion attributable to after-tax contributions.Partial/Combination Rollover* *For any cash withdrawal, please specify: Net Withdrawal (The amount requested below will be the amount issued to you after taxes are withheld.

  • MetLife's pro-rata share of any Net Withdrawal will bear the same ratio to the total amount of such Net Withdrawal as the amount in the Plan Reserve Account bears to the total amount in the [PLUS Fund] (excluding the [PLUS Fund]’s synthetic GICs with a total return focus).

  • Reason for Rollover:Termination of EmploymentOther In-Service Withdrawal (if plan allows)Retirement DRO AwardPlan Termination Rollover Options (choose one): Full Rollover - Roll over my entire account.Partial/Combination Rollover* *For any cash withdrawal, please specify: Net Withdrawal (The amount requested below will be the amount issued to you after taxes are withheld.

  • The amount of Net Withdrawals on any day which is withdrawn from the CM CASA after the Cutoff Time shall be deemed to have been withdrawn from the CM CASA on the immediate following day for the purposes of calculating the Net Deposit or Net Withdrawal on such day.

Related to Net Withdrawal

  • Market Withdrawal means a Person’s Removal or Correction of a distributed product which involves a minor violation that would not be subject to legal action by the FDA or which involves no violation, e.g., normal stock rotation practices, routine equipment adjustments and repairs, etc.

  • Cash Withdrawal means a disbursement of funds in any currency from any Account out of the balance in your favour (whether or not in the form of cash) made or obtained through or in connection with any Citibank ATM/ Debit Card.

  • Yield Supplement Withdrawal Amount means, with respect to any Collection Period and the related Deposit Date, the lesser of (a) the amount on deposit in the Yield Supplement Account and (b) the sum of (i) the Yield Supplement Amount and (ii) after giving effect to the withdrawal of the Yield Supplement Amount, the amount by which the amount on deposit in the Yield Supplement Account exceeds the Maximum Yield Supplement Amount.

  • Excess Withdrawal is a withdrawal of Account Value that exceeds the Free Withdrawal Amount. This term may not apply to your Contract.

  • Voluntary Withdrawal means a Member’s dissociation with the Company by means other than by a Transfer or an Involuntary Withdrawal.

  • Reserve Account Withdrawal Amount means, with respect to any Distribution Date, the lesser of (x) any shortfall in the amount of Available Funds available to pay the amounts specified in clauses (i) through (xvii) of Section 5.7(a) (taking into account application of Available Funds to the priority of payments specified in Section 5.7(a) and ignoring any provision hereof which otherwise limits the amounts described in such clauses to the amount of funds available) and (y) the amount on deposit in the Reserve Account on such Distribution Date prior to application of amounts on deposit therein pursuant to Section 5.8.

  • Final Withdrawal Has the meaning specified in the Escrow Agreement.

  • Free Withdrawal Amount ’ means an amount equal to the percentage, stated in the Data Pages, of the Annuity Account Value, minus the total of all prior withdrawals (and associated Withdrawal Charges) made as described in Section 5.01 in the current Contract Year that may be withdrawn each Contract Year without incurring a Withdrawal Charge. We have the right to change the Free Withdrawal Amount, but it will always be a percentage between 5% and 30% if so provided in the Data Pages.

  • Suspension/Withdrawal Event means, in respect of the Benchmark:

  • Withdrawal means any measure aimed at preventing a product in the supply chain from being made available on the market;

  • Involuntary Withdrawal means, with respect to any Member, the occurrence of any of the following events:

  • Withdrawal Event means the earliest to occur of any event which causes a Partner to cease to be a Partner, and to become a Former Partner, as set forth in Section 1.29.

  • Qualified withdrawal means a withdrawal from an account to pay the qualified disability expenses of the designated beneficiary of the account.

  • Event of Withdrawal has the meaning assigned to such term in Section 11.1(a).

  • Withdrawal Period has the meaning specified in Section 10.23(b).

  • Single Withdrawal Tranche means the amount of the Loan allocated to the category entitled “Single Withdrawal Tranche” in the table set forth in Part B of Section II of Schedule 1 to this Agreement.

  • Notice of Withdrawal means a notice containing the information set out in Schedule VII;

  • Final Withdrawal Date Has the meaning specified in the Escrow Agreement.

  • Final Withdrawal Notice Has the meaning specified in Section 5.02 of this Trust Supplement.

  • Repurchase Request Withdrawal As defined in Section 2.03(a) of this Agreement.

  • Event of withdrawal of a general partner means an event that causes a person to cease to be a general partner as provided in section 402.

  • Market Participant Energy Withdrawal means transactions in the Day-ahead Energy Market and Real-time Energy Market, including but not limited to Demand Bids, Decrement Bids, real-time load (net of Behind The Meter Generation expected to be operating, but not to be less than zero), internal bilateral transactions and Export Transactions, as further described in the PJM Manuals.

  • Withdrawal Date Any day during the period commencing on the 18th day of the month of the related Distribution Date (or if such day is not a Business Day, the immediately preceding Business Day) and ending on the last Business Day prior to the 21st day of the month of such Distribution Date. The “related Due Date” for any Withdrawal Date is the Due Date immediately preceding the related Distribution Date.

  • Withdrawal value means a Participant's Account Value minus the applicable Withdrawal Charge. (transfer from GRA III NBR/GAA III NBR -- Series I) (original GRA I NBR/GAA I NBR -- Series I) P-14020(SBR)(MBR)(NBR)conv.6

  • Power of withdrawal means a presently exercisable general power of appointment other than a power:

  • Withdrawal Notice shall have the meaning given in Section 2.1.6.