Common use of GUARANTEED WITHDRAWAL LOCK-IN DATE Clause in Contracts

GUARANTEED WITHDRAWAL LOCK-IN DATE. The date as of which an A[Annual Guaranteed Withdrawal Amount] for the benefit of a Participant B[or an Eligible Spouse] is established. Such date shall be the date elected by the Participant B[, Eligible Spouse] or such other person or entity specified in the Plan. A Guaranteed Withdrawal Lock-In Date may not be earlier than the date the Participant attains age C[55]. B[A Spouse is not eligible to receive the Spousal Benefit under Section 5, unless both the Participant and the Spouse have attained age C[55] on the Guaranteed Withdrawal Lock-In Date.] The election of a Guaranteed Withdrawal Lock-In Date cannot be revoked.

GUARANTEED WITHDRAWAL LOCK-IN DATE. The date as of which an A[Annual [Annual Guaranteed Withdrawal Amount] for the benefit of a Participant B[or [or an Eligible Spouse] is established. Such Except as provided in Section 2.3, such date shall be the date elected by the Participant B[, Eligible Spouse] or such other person or entity specified in the Plan. A Guaranteed Withdrawal Lock-In Date may not be earlier than the date the Participant attains age C[55[55]. B[A [A Spouse is not eligible to receive the Spousal Benefit under Section 5, unless both the Participant and the Spouse have attained age C[55[55] on the Guaranteed Withdrawal Lock-In Date.] The election of a Guaranteed Withdrawal Lock-In Date cannot be revoked.