WITHDRAWALS AT TERMINATION OF CONTRACT Sample Clauses

WITHDRAWALS AT TERMINATION OF CONTRACT. You may, in conjunction with a termination of the Contract, make a Withdrawal of the balance from the entire Contractholder Fixed Account over a [two-year] period, less applicable Deferred Sales Charges described in Section 11. During the [two-year] payout period, interest will be added to the Contractholder Fixed Account at the end of each day on the amount of the Contractholder Fixed Account at the end of the preceding day at an Effective Annual Rate determined on the Withdrawal Date. This rate is determined by multiplying each Rate Segment by the interest rate that applies to that segment, adding the products, dividing the sum by the total dollar amount of all segments and subtracting 0.50%. In no event will the interest paid under this provision be less than 3.0%. We will pay [one-third] of the balance of the Contractholder Fixed Account within 90 days of the Withdrawal Date. We will pay [one-half] of the Contractholder Fixed Account as of the first anniversary of the Withdrawal Date on the first Business Day following the first anniversary of the Withdrawal Date. [If payments are over a period of greater than two years, subsequent payments will be made on the first Business Day following the anniversary of the Withdrawal Date, with each such payment substantially equal in amount to the previous payment.] We will pay the entire balance of the Contractholder Fixed Account on the first Business Day following the [second] anniversary of the Withdrawal Date. We will make all payments to you or to any institution or account you designate. We will make all payments from the Contractholder Variable Account to you or to an institution or account you designate. We will usually pay the entire balance of the Contractholder Variable Account within seven Business Days after receipt of a Good Order request for a Withdrawal at termination of the Contract. However, we can postpone such payments if: 1. the New York Stock Exchange is closed, other than customary weekend and holiday closing, or trading on the exchange is restricted as determined by the Securities and Exchange Commission (SEC) 2. the SEC permits, by an order, the postponement for the protection of Contractholders 3. the SEC determines that an emergency exits that would make the disposal of securities held in the Contractholder Variable Account, or the determination of their value, not reasonably practicable. You may also elect to make a withdrawal at Contract termination under Section 6.4.
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WITHDRAWALS AT TERMINATION OF CONTRACT. You may, in conjunction with a termination of the Contract as described in Section 8, make a Withdrawal of the entire balance of the Contractholder Fixed Account after the deduction of any applicable Deferred Sales Charges over a five-year period. During the five-year payout period, interest will be added to the Contractholder Fixed Account at the end of each day on the amount of the Contractholder Fixed Account at the end of the preceding day at an Effective Annual Rate determined on the Withdrawal Date. This rate is determined by multiplying the dollar amount of each Rate Segment by the interest rate that applies to that segment, adding the products, dividing the sum by the total dollar amount of all segments and subtracting 0.50%. Alternatively, at your election, Prudential can reset the interest rate annually throughout the payout period as provided under Section 3.3 with no 0.50% reduction. In no event will the interest paid under this Section be less than 3.0% per annum. We will pay one-fifth of the balance of the then-current Contractholder Fixed Account on the first Business Day following the first anniversary of the Withdrawal Date. We will pay one-fourth of the then-current Contractholder Fixed Account as of the second anniversary of the Withdrawal Date. We will pay one-third of the then-current Contractholder Fixed Account as of the third anniversary of the Withdrawal Date. We will pay one-half of the then-current Contractholder Account as of the fourth anniversary of the Withdrawal Date. We will pay the remainder of the then-current Contractholder Account as of the fifth anniversary of the Withdrawal Date. We will make all payments to you or to any institution or account you
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Related to WITHDRAWALS AT TERMINATION OF CONTRACT

  • Termination of Contract The Department may terminate the Contract for refusal by the Contractor to comply with this section by not allowing access to all public records, as defined in Chapter 119, F. S., made or received by the Contractor in conjunction with the Contract.

  • Termination of Contracts Neither the Company nor any of its Subsidiaries has sent or received any communication regarding termination of, or intent not to renew, any material contract or agreement referred to or described in the Registration Statement, the Pricing Disclosure Package and the Final Prospectus or filed as an exhibit to the Registration Statement, and no such termination or non-renewal has been threatened by the Company or any of its Subsidiaries or by any other party to any such contract or agreement.

  • Termination of Contract for Cause 5.1.1 If A-E breaches any of the covenants or conditions of this CONTRACT, COUNTY shall have the right to terminate this CONTRACT upon ten (10) days written notice prior to the effective day of termination. 5.1.2 A-E shall have the opportunity to cure the alleged breach prior to termination. 5.1.3 In the event the alleged breach is not cured by A-E prior to termination, all work performed by A-E pursuant to this CONTRACT, which work has been reduced to plans or other documents, shall be made available to COUNTY.

  • Complete Disposal Upon Termination of Service Agreement Upon Termination of the Service Agreement Provider shall dispose or delete all Student Data obtained under the Service Agreement. Prior to disposition of the data, Provider shall notify LEA in writing of its option to transfer data to a separate account, pursuant to Article II, section 3, above. In no event shall Provider dispose of data pursuant to this provision unless and until Provider has received affirmative written confirmation from LEA that data will not be transferred to a separate account.

  • Termination Apart from Change of Control In the event the Employee’s employment is terminated for any reason, either prior to the occurrence of a Change of Control or after the twelve (12) month period following a Change of Control, then the Employee shall be entitled to receive severance and any other benefits only as may then be established under the Company’s (or any subsidiary’s) then existing severance and benefits plans or pursuant to other written agreements with the Company.