TOTAL WITHDRAWALS definition

TOTAL WITHDRAWALS. A Total Withdrawal of a Participant's Account will occur when a Participant who has no outstanding loans: (a) requests the liquidation of his entire Account balance, or (b) requests an amount such that the amount requested plus any CDSC as defined in Section 7.6 results in a remaining Participant's Account balance being less than the applicable Annual Administration Charge as defined in Section 1.5; in which case, the request is treated as if it were a request for liquidation of the Participant's entire Account balance. The Participant's Active Life Certificate must be surrendered to LL&A when a Total Withdrawal of a Participant's Account occurs. A Participant refund under the Free-look provisions of Section 12.18 is not considered a Total Withdrawal under this Article.
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TOTAL WITHDRAWALS. A Total Withdrawal of a Participant's Account will occur when a Participant who has no outstanding loans (a) requests the liquidation of his entire Account balance, or (b) requests an amount such that the amount requested plus any CDSC as defined in Section 7.6 results in a remaining Participant's Account balance being less than the applicable Annual Administration Charge as defined in Section 1.5, in which case, the request is treated as if it were a request for liquidation of the Participant's entire Account balance. The Participant's Active Life Certificate must be surrendered to Lincoln Life when a Total Withdrawal of a Participant's Account occurs. A Participant refund under the Free-look provisions of Section 12.17 is not considered a Total Withdrawal under this Article.
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TOTAL WITHDRAWALS. A Total Withdrawal of a Participant's Account will occur when a Participant who has no outstanding loans (a) requests the liquidation of his entire Account balance, or (b) requests an amount such that the amount requested plus any CDSC as defined in Section 7.6 results in a remaining Participant's Account balance being less than the applicable Annual Administration Charge as defined in Section 1.5, in which case, the request is treated as if it were a request for liquidation of the Participant's entire Account balance. The Participant's Active Life Certificate must be surrendered to UNUM when a Total Withdrawal of a Participant's Account occurs. A Participant refund under the Free-look provisions of Section 12.17 is not considered a Total Withdrawal under this Article.
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Examples of TOTAL WITHDRAWALS in a sentence

  • TOTAL PURCHASE PAYMENTS LESS TOTAL WITHDRAWALS CREDIT ENHANCEMENT ---------------------------------------------- ------------------ LESS THAN $100,000 3.0% AT LEAST $100,000 BUT LESS THAN $2,500,000 4.0% $2,500,000 OR MORE 5.0% On the first Contract Anniversary, we will calculate the total Purchase Payments made into this Contract less the total withdrawals, including withdrawal charges, from this Contract during the first Contract Year.

  • For Internal Use Only Account Number Amount _______________________ ______________ $__________________ _______________________ ______________ $__________________ _______________________ ______________ $__________________ _______________________ ______________ $__________________ _______________________ ______________ $__________________ TOTAL WITHDRAWAL(S) $__________________ Funds enclosed or authorized for withdrawal must be available at the time this order is submitted.


More Definitions of TOTAL WITHDRAWALS

TOTAL WITHDRAWALS. A Total Withdrawal of a Participant's Account will occur when a Participant who has no outstanding loans: (a) requests the liquidation of his entire Account balance, or (b) requests an amount such that the amount requested results in a remaining Participant's Account balance being less than the applicable Annual Administration Charge as defined in Section 1.5; in which case, the request is treated as if it were a request for liquidation of the Participant's entire Account balance. The Participant's Active Life Certificate must be surrendered to LL&A when a Total Withdrawal of a Participant's Account occurs. A Participant refund under the Free-look provisions of Section 12.18 is not considered a Total Withdrawal under this Article.
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Related to TOTAL WITHDRAWALS

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

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

  • 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.

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

  • 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.

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

  • Excess Contributions means, with respect to any Plan Year, the excess of:

  • 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.

  • 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.

  • 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.

  • 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 Elective Deferrals means the amount of Elective Deferrals (as defined below) for a calendar year that the Participant designates to the Plan pursuant to the following procedure. The Participant’s designation: shall be submitted to the Administrator in writing no later than March 1; shall specify the Participant’s Excess Elective Deferrals for the preceding calendar year; and shall be accompanied by the Participant’s written statement that if the Excess Elective Deferrals is not distributed, it will, when added to amounts deferred under other plans or arrangements described in Section 401(k), 408(k) or 403(b) of the Code, exceed the limit imposed on the Participant by Section 402(g) of the Code for the year in which the deferral occurred. Excess Elective Deferrals shall mean those Elective Deferrals that are includible in a Participant's gross income under Section 402(g) of the Code to the extent such Participant's Elective Deferrals for a taxable year exceed the dollar limitation under such Code section.

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

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

  • Catch-Up Contributions means Salary Reduction Contributions made to the Plan that are in excess of an otherwise applicable Plan limit and that are made by Participants who are Age 50 or over by the end of their taxable years. An “otherwise applicable Plan limit” is a limit in the Plan that applies to Salary Reduction Contributions without regard to Catch-up Contributions, such as the limits on Annual Additions, the dollar limitation on Salary Reduction Contributions under Code Section 402(g) (not counting Catch-up Contributions) and the limit imposed by the Actual Deferral Percentage (ADP) test under Code Section 401(k)(3). Catch-up Contributions for a Participant for a taxable year may not exceed the dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) for the taxable year. The dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) is $1,000 for taxable years beginning in 2002, increasing by $1,000 for each year thereafter up to $5,000 for taxable years beginning in 2006 and later years. After 2006, the $5,000 limit will be adjusted by the Secretary of the Treasury for cost-of-living increases under Code Section 414(v)(2)(C). Any such adjustments will be in multiples of $500.

  • Excess Contribution With respect to any Plan Year, the excess of: (a) the aggregate amount of Employer contributions actually taken into account in computing the ADP of Highly Compensated Employees for such Plan Year, over (b) the maximum amount of such contributions permitted by the ADP Test (determined by hypothetically reducing contributions made on behalf of Highly Compensated Employees in order of the ADPs, beginning with the highest of such percentages).

  • Rollover Contributions means, for any Participant, his rollover contributions as provided in Section 7.1.

  • Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.

  • Maximum residual disinfectant level or “MRDL” means a level of a disinfectant added for water treatment that may not be exceeded at the consumer’s tap without an unacceptable possibility of adverse health effects.

  • Excess Loss Account has the meaning set forth in Reg. Section 1.1502-19.

  • Prior Period Investments means investments made in a previous evaluation period that are outstanding as of the examination date.

  • Excess Deferrals means, with respect to any taxable year of a Participant, either (a) those elective deferrals within the meaning of Code §§402(g) or 402A that are made during the Participant's taxable year and exceed the dollar limitation under Code §402(g) (including, if applicable, the dollar limitation on Catch-Up Contributions defined in Code §414(v)) for such year; or (b) are made during a calendar year and exceed the dollar limitation under Code §§402(g) and 402A (including, if applicable, the dollar limitation on Catch-Up Contributions defined in Code §414(v)) for the Participant's taxable year beginning in such calendar year, counting only Elective Deferrals made under this Plan and any other plan, contract or arrangement maintained by the Employer.

  • Aggregate Account means, with respect to each Participant, the value of all accounts maintained on behalf of a Participant, whether attributable to Employer or Employee contributions, subject to the provisions of Section 9.2.

  • Annual Additions means the sum credited to a Participant's Accounts for any Limitation Year of (a) "employer" contributions, (b) Employee contributions (except as provided below), (c) Forfeitures, (d) amounts allocated to an individual medical benefit account, as defined in Code §415(l)(2), which is part of a pension or annuity plan maintained by the "employer," (e) amounts derived from contributions paid or accrued which are attributable to post-retirement medical benefits allocated to the separate account of a key employee (as defined in Code §419A(d)(3)) under a welfare benefit fund (as defined in Code §419(e)) maintained by the "employer" and (f) allocations under a simplified employee pension. Except, however, the Compensation percentage limitation referred to in paragraph (e)(5)(ii) below shall not apply to: (1) any contribution for medical benefits (within the meaning of Code §419A(f)(2)) after separation from service which is otherwise treated as an "annual addition," or (2) any amount otherwise treated as an "annual addition" under Code §415(l)(1).

  • Deferral Contributions are Salary Reduction Contributions and Cash or Deferred Contributions the Employer contributes to the Trust on behalf of an Eligible Employee, irrespective of whether, in the case of Cash or Deferred Contributions, the contribution is at the election of the Employee. For Salary Reduction Contributions, the terms "deferral contributions" and "elective deferrals" have the same meaning.

  • Excess Aggregate Contributions means, with respect to any Plan Year, the excess of: