Permissible Withdrawal definition

Permissible Withdrawal means a withdrawal (i) based on the reasonable determination of the Holder who made the Demand Registration Request that there has been, since the date of the applicable Demand Registration Request, a material adverse change in the business, financial condition, results of operations or prospects of Parent, in general market conditions or in market conditions for online brokerage businesses generally, or (ii) in which each of the withdrawing Holders shall have paid or reimbursed on a pro rata basis Parent for all of the reasonable out-of-pocket fees and expenses incurred by Parent in connection with the withdrawn Demand Registration.

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Permissible Withdrawal means a withdrawal by an Eligible Participant who is enrolled in the Automatic Contribution Account prior to January 1, 2011 pursuant to Section 5.05(e) of this Plan which meets the following rules:

Permissible Withdrawal means any withdrawal of Elective Deferrals from either the Qualified Automatic Contribution Arrangement or the Eligible Automatic Contribution Arrangement, as applicable, which meets the following requirements:

Examples of Permissible Withdrawal in a sentence

The income or loss allocable to such Permissible Withdrawal shall be determined under rules similar to those provided under section 1.401(k)-2(b)(2)(iv) of the regulations for the distribution of excess contributions.
Any Matching Contributions that were based on the automatic Elective Deferral Contributions distributed as a Permissible Withdrawal, plus any income and minus any loss allocable thereto, that have been allocated to the Participant’s Account shall be forfeited.
Matching Contributions are not required to be contributed to the Plan if the Permissible Withdrawal has been made prior to the date as of which the Matching Contribution would otherwise be allocated to the Participant’s Account.
A Permissible Withdrawal may be made without regard to any notice or consent requirements otherwise required under Code Sections 401(a)(11) or 417.
Elective Deferral Contributions returned as a Permissible Withdrawal shall not be taken into account for purposes of the dollar limitation contained in Code Section 402(g).
The notice shall include: (i) the procedure for exercising those rights and the timing for implementing any such elections; (ii) a description of how the automatic Elective Deferral Contributions will be invested in the absence of an investment election by the Eligible Employee; and (iii) if Permissible Withdrawals are permitted in Item N(7)(e), the Eligible Employee’s right to make a Permissible Withdrawal as described in (d) below and the procedures to request such a withdrawal.
The notice shall include: (i) the procedure for exercising those rights and the timing for implementing any such elections; (ii) a description of how the automatic Elective Deferral Contributions will be invested in the absence of an investment election by the Eligible Employee; and (iii) if Permissible Withdrawals are permitted in Item O(2)(e), the Eligible Employee’s right to make a Permissible Withdrawal as described in (e) below and the procedures to request such a withdrawal.

More Definitions of Permissible Withdrawal

Permissible Withdrawal means a withdrawal of a registration made pursuant to a Demand Request based on the reasonable determination of the Holders holding a majority of the Registrable Securities requested to be registered by the Initiating Holders in the Demand Request that New Information would have a material adverse effect on the business, financial condition or results of operations of Instinet; provided that such withdrawal is made within ten Business Days of the earlier of (i) the New Information becoming publicly available or (ii) Instinet's informing the Initiating Holders of the New Information. For the purposes hereof, with respect to any Demand Request "New Information" means information about Instinet of which the Initiating Holders were unaware on the date of delivery of the Demand Request that either becomes publicly available prior to the effectiveness of the registration statement (as the result of a public announcement by Instinet or otherwise) or that Instinet discloses or informs the Initiating Holders that it will disclose in the registration statement to be filed pursuant to the Demand Request (it being understood that information relating to general market conditions or general market conditions for a business in which Instinet is engaged will not be considered New Information).

Permissible Withdrawal means the definition of Section 3.5 of this Amendment.

Permissible Withdrawal means a withdrawal (i) based on the reasonable determination of the Holder who made the Demand Registration Request that there has been, since the date of the applicable Demand Registration Request, a material adverse change in the business, financial condition, results of operations or prospects of Parent, in general market conditions or in market conditions for online brokerage businesses generally, or (ii) in which each of the withdrawing Holders shall have paid or reimbursed on a pro rata basis Parent for all of the reasonable out-of- pocket fees and expenses incurred by Parent in connection with the withdrawn Demand Registration.

Permissible Withdrawal means a withdrawal that meets the requirements in subparagraph (d) of the Eligible Automatic Contribution Arrangement (EACA) Provisions section or subparagraph (e) of the Qualified Automatic Contribution Arrangement (QACA) Safe Harbor Provisions section. (See Sections 3.10 and 3.11.)

Permissible Withdrawal means a withdrawal (i) based on the reasonable determination of the Majority Restricted Holders that there has been, since the date of the applicable Request, a material adverse change in the business, financial condition, results of operations or prospects of SumTotal, or in general market conditions, or (ii) in which each of the withdrawing Holders shall have paid or reimbursed on a pro rata basis SumTotal for all of the reasonable out-of-pocket fees and expenses incurred by SumTotal in connection with the withdrawn registration.