Funding Phase. The funding phase for the Certificate Owner(s) starts on the Certificate Date. During the funding phase the Certificate Owner(s) may contribute to the Account to accumulate assets for retirement or other purposes. The Contract Owner is responsible for managing the Account. The Account must be managed in accordance with the asset allocation model(s) as shown on the Data Pages. The Certificate Owner(s) may take Withdrawals from the Account at any time in any amount. However, Withdrawals before the younger of the Participant or any Joint Participant reaches the withdrawal age as shown on the Data Pages, will reduce the Withdrawal Guarantee. On or after the withdrawal age as shown on the Data Pages, Withdrawals within Certificate limitations will not reduce the Withdrawal Guarantee.
Funding Phase. The “Funding Phase” is the first of the two phases of the Certificate, during which the Owner may make contributions to and take withdrawals from the Owner’s Fund Account. The Funding Phase begins on the Issue Date stated on the Certificate Data Page. This phase will continue until the date when the Payout Phase begins, unless the Certificate is terminated before that date. Certificate Year A “Certificate Year” is the 365 day period (366 days for a leap year) beginning on the Issue Date and on each anniversary of the Issue Date (“Certificate Anniversary”).
Funding Phase. The Construction Manager shall assist the District with the preparation and submittal of any documents necessary for obtaining and utilizing funding from the Office of Public School Construction. The Construction Manager shall assist the District in identifying, obtaining and utilizing funding from grants and any other alternative funding sources available to the District for the Project. Construction Manager shall provide the District with recommendations on available funding that can be obtained by the District for the Project.
Funding Phase. 4 PAYOUT PHASE .......................................................................................... 9 GENERAL PROVISIONS .......................................................................................... 12 LU10907 Page 2 CERTIFICATE DATA PAGE Certificate Number: ....................................... 444444444 Issue Date: ....................................... May 1, 2003 Owner: ....................................... Xxxx Xxx Owner: ....................................... Xxxx Xxx Annuitant: ....................................... Xxxx Xxx Age at Issue: ....................................... 35 Sex: ....................................... Male Joint Annuitant: ....................................... Xxxx Xxx Age at Issue: ....................................... 34 Sex: ....................................... Female Primary Beneficiary: ....................................... Xxxx Xxx Relationship to Owner: ....................................... Wife Percentage: ....................................... 100% Contingent Beneficiary: ....................................... Xxxxx Xxx Relationship to Owner: ....................................... Daughter Percentage: ....................................... 100% Master Contractholder: ....................................... ALFS, Inc. Broker/Dealer: ....................................... Allstate Financial Services, LLC Tax Qualification: ....................................... IRA Initial Funding Payment: ....................................... $50,000 Minimum Funding Payment: ....................................... $50 Maximum Aggregate Funding Payment: ....................................... $1,000,000 Annual Certificate Fee Percentage: ....................................... 1.00% Certificate Fee Calculation: The Certificate Fee we deduct at the end of each month equals (A) multiplied by (B) where:
Funding Phase. 5 PAYOUT PHASE ...................................................... 10 OPTIONAL INCOME PLAN PAYMENT TABLES ...................................................... 10 GENERAL PROVISIONS ...................................................... 13 REFUND OF FEES AT DEATH ENDORSEMENT ...................................................... 15 INDIVIDUAL RETIREMENT ACCOUNT ANNUITIES ENDORSEMENT ...................................................... 15 XXXX INDIVIDUAL RETIREMENT ACCOUNT ANNUITIES ENDORSEMENT ...................................................... 18 SIMPLE IRA ENDORSEMENT ...................................................... 22
Funding Phase. 4 PAYOUT PHASE .......................................................................................... 8 GENERAL PROVISIONS .......................................................................................... 12 CERTIFICATE DATA PAGE Certificate Number: 444444444 Fund Account: ...............................................................................................................55555555555
Funding Phase. CERTIFICATE DATE
Funding Phase. CHANGES IN WITHDRAWAL GUARANTEE The following provision is added: Step-up of Guaranteed Income If the Certificate Owner has not taken any Withdrawals, the Withdrawal Guarantee may increase on each Birthday. If the Withdrawal Guarantee would otherwise be lower, the new Withdrawal Guarantee will be the sum over all Additions subject to Account Limit of: (a) multiplied by (b), where:
