Common use of De Minimus Partial Withdrawals Clause in Contracts

De Minimus Partial Withdrawals. De minimus partial withdrawals due to a Non-Bona Fide Termination of Employment are permitted from the Guaranteed Interest Account in a lump-sum at the value of the Guaranteed Interest Account prior to the application of the market value factor. De minimus means either: an aggregate withdrawal amount during a calendar year less than the lower of: 5% of the Guaranteed Interest Account, and $2,000,000; or a total Market Value adjustment less than or equal to $25,000.