TRANSFER OPTIONS Clause Samples

TRANSFER OPTIONS. Transfers Except as provided below, you may elect to transfer amounts among the Accounts up to the Maximum Transfer Limit, shown in the schedule pages, in a Contract Year. If additional transfers are requested, the Company reserves the right to prohibit such transfers or impose a transfer charge, not to exceed the Maximum Transfer Charge, shown in the schedule pages, for each transfer in excess of the Maximum Transfer Limit, shown in the schedule pages. You may not exceed the GIA Transfer Limit, as specified in the schedule pages, when transferring from the GIA, unless the Dollar Cost Averaging ("DCA") Program or Asset Rebalancing Program is in effect. After the first Contract Year, a transfer into the GIA will not be permitted if such transfer would cause the percentage of the Contract Value in the GIA to exceed the Maximum Guaranteed Interest Account Percentage shown in the schedule pages. Any transfer charge will be deducted from the Investment Options or the GIA from which the amounts are to be transferred with each such Investment Option or GIA bearing a pro-rata share of the transfer charge. The value of each Investment Option will be determined on the business day that coincides with the date of transfer. Any Accumulation Units held under an Investment Option of the Separate Account or Adjusted Premiums held under the GIA as a result of any transfer shall retain its original Payment Date for purposes of determining the Surrender Charge. We have the right to prohibit a transfer less than 30 days prior to the Maturity Date. Transfers may be made by written request or by telephone or internet notification if a currently valid written authorization to make changes in this manner is on file with us. We have the right to require that a period of at least six months have elapsed between transfers from the GIA. Except as otherwise provided under the DCA Program, transfers from the GIA cannot exceed the higher of the Maximum GIA Transfer Amount or the Maximum GIA Percentage of the value of the GIA, as shown in the schedule pages. DCA Program Under the Dollar Cost Averaging Program ("DCA Program"), funds may be transferred automatically to the Investment Options on a monthly, quarterly, semi-annual, or annual basis subject to the Minimum DCA Transfer Amounts shown in the schedule pages. We may require an initial minimum value in the Account from which funds will be transferred. Funds may be transferred out of only one Account, but may be allocated to multiple...
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TRANSFER OPTIONS. Periodic Transfers
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TRANSFER OPTIONS. As always, we encourage students to connect with their desired 4-year institution to see which courses will be accepted. Often colleges are accepting credits completed in the Liberal Arts program, as the courses tend to be the foundation of a bachelor’s degree.
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TRANSFER OPTIONS. Other than as provided by Section 2 (E) of this article, employees may not transfer into Plan 1 or out of Plan 1 for the duration of this agreement and beyond.
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TRANSFER OPTIONS. Other than as provided in Section (2) (E) of this article, Plan 6 is a closed plan. Employees may not transfer into Plan 6 or out of Plan 6 for the duration of this agreement and beyond.
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TRANSFER OPTIONS. Section 1 - Transfers from the Companion Contract Section 2 ------- Transfers to the Companion Contract
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Related to TRANSFER OPTIONS

  • Non-Transferability of Options The Option may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent or distribution and may be exercised, during the lifetime of the Optionee, only by the Optionee.

  • Transfer of Option Other than as expressly permitted by the provisions of Section 7.1(f) of the Plan, the Option may not be transferred except by will or the laws of descent and distribution and, during the lifetime of the Optionee, may be exercised only by the Optionee.

  • ISSUANCE AND TRANSFER OF SHARES 1. The Bank will issue Share certificates upon receipt of a Certificate from an Officer, but shall not be required to issue Share certificates after it has received from an appropriate federal or state authority written notification that the sale of Shares has been suspended or discontinued, and the Bank shall be entitled to rely upon such written notification. The Bank shall not be responsible for the payment of any original issue or other taxes required to be paid by the Customer in connection with the issuance of any Shares. 2. Shares will be transferred upon presentation to the Bank of Share certificates in form deemed by the Bank properly endorsed for transfer, accompanied by such documents as the Bank deems necessary to evidence the authority of the person making such transfer, and bearing satisfactory evidence of the payment of applicable stock transfer taxes. In the case of small estates where no administration is contemplated, the Bank may, when furnished with an appropriate surety bond, and without further approval of the Customer, transfer Shares registered in the name of the decedent where the current market value of the Shares being transferred does not exceed such amount as may from time to time be prescribed by the various states. The Bank reserves the right to refuse to transfer Shares until it is satisfied that the endorsements on Share certificates are valid and genuine, and for that purpose it may require, unless otherwise instructed by an Officer of the Customer, a guaranty of signature by an "eligible guarantor institution" meeting the requirements of the Bank, which requirements include membership or participation in STAMP or such other "signature guarantee program" as may be determined by the Bank in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended. The Bank also reserves the right to refuse to transfer Shares until it is satisfied that the requested transfer is legally authorized, and it shall incur no liability for the refusal in good faith to make transfers which the Bank, in its judgment, deems improper or unauthorized, or until it is satisfied that there is no basis to any claims adverse to such transfer. The Bank may, in effecting transfers of Shares, rely upon those provisions of the Uniform Act for the Simplification of Fiduciary Security Transfers or the Uniform Commercial Code, as the same may be amended from time to time, applicable to the transfer of securities, and the Customer shall indemnify the Bank for any act done or omitted by it in good faith in reliance upon such laws. 3. All certificates representing Shares that are subject to restrictions on transfer (e.g., securities acquired pursuant to an investment representation, securities held by controlling persons, securities subject to stockholders' agreement, etc.), shall be stamped with a legend describing the extent and conditions of the restrictions or referring to the source of such restrictions. The Bank assumes no responsibility with respect to the transfer of restricted securities where counsel for the Customer advises that such transfer may be properly effected.

  • Transfer of Optioned Interests For each exercise of the Equity Interest Purchase Option: 1.4.1 Party B shall cause Party C to promptly convene a shareholders’ meeting, at which a resolution shall be adopted approving Party B’s transfer of the Optioned Interests to Party A and/or the Designee(s); 1.4.2 Party B shall obtain written statements from the other shareholders of Party C giving consent to the transfer of the equity interest to Party A and/or the Designee(s) and waiving any right of first refusal related thereto; 1.4.3 Party B shall execute an equity interest transfer contract with respect to each transfer with Party A and/or each Designee (whichever is applicable), in accordance with the provisions of this Agreement and the Equity Interest Purchase Option Notice regarding the Optioned Interests; 1.4.4 The relevant Parties shall execute all other necessary contracts, agreements or documents, obtain all necessary government licenses and permits and take all necessary actions to transfer valid ownership of the Optioned Interests to Party A and/or the Designee(s), unencumbered by any security interests, and cause Party A and/or the Designee(s) to become the registered owner(s) of the Optioned Interests. For the purpose of this Section and this Agreement, “security interests” shall include securities, mortgages, third party’s rights or interests, any stock options, acquisition right, right of first refusal, right to offset, ownership retention or other security arrangements, but shall be deemed to exclude any security interest created by this Agreement, Party B’s Equity Interest Pledge Agreement and Party B’s Power of Attorney. “Party B’s Equity Interest Pledge Agreement” as used in this Agreement shall refer to the Interest Pledge Agreement executed by and among Party A, Party B and Party C on the date hereof and any modification, amendment and restatement thereto. “Party B’s Power of Attorney” as used in this Agreement shall refer to the Power of Attorney executed by Party B on the date hereof granting Party A with power of attorney and any modification, amendment and restatement thereto.

  • Non-Transferability of Option This Option may not be transferred in any manner otherwise than by will or by the laws of descent or distribution and may be exercised during the lifetime of Optionee only by Optionee. The terms of the Plan and this Option Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee.