Common use of Nature of Dividends Clause in Contracts

Nature of Dividends. Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. (This disclosure further explains the dividend feature of your non-term share account(s).)

Nature of Dividends. Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. If Your account is closed before dividends are declared and paid, Your account will not receive dividends for that last dividend period during which it was closed. (This disclosure further explains the dividend feature of your Your non-term share account(saccounts(s)).)

Nature of Dividends. Dividends are paid from current income and available earnings, after required transfers to reserves at the end ends of a dividend periodperiod and at the discretion of the Board of Directors. (This disclosure further explains the dividend feature of your non-term share account(s).)