Partial Withdrawals. At any time any Holder shall be entitled to request a withdrawal of such portion of the Interest held by such Holder as such Holder shall request.
Partial Withdrawals. The Reinsurer will pay the Ceding Company that ------------------- portion of Partial Withdrawals paid by the Ceding Company on annuities reinsured hereunder which corresponds to the portion of the annuities reinsured hereunder.
Partial Withdrawals. 8 Section 6.2 Redemptions . . . . . . . . . . . . 8 Section 6.3
Partial Withdrawals. The Owner, by Request, may make a partial withdrawal from the Annuity Account Value during the Accumulation Period. The Owner must elect the Sub-Account(s) from which a partial withdrawal is to be made and the amount to be withdrawn from each Sub-Account. Partial withdrawals from the Income Segment are subject to terms of the Rider. The minimum partial withdrawal amount is $500. After any partial withdrawal, if the remaining Investment Segment Account Value is less than $2,000, and no contributions have been made for at least two years, then a full surrender of the Investment Segment may be required. The Annuity Account Value will be reduced by the partial withdrawal amount and the guaranteed minimum death benefit, if applicable, will be reduced on a pro-rated basis. Numerical Example Sum of Contract Contributions = $50,000 Annuity Account Value = $40,000 Withdrawal amount - $4,000 Adjustment = $36,000 ($40,000 - $4,000)/$40,000 = 0.90 Guaranteed Minimum Death Benefit = $45,000 ($50,000 x 0.90) The following terms apply:
Partial Withdrawals. Subject to any applicable restrictions under the terms of the Plan, you may elect, by written notice to us, to make a partial withdrawal from the Divisions. Partial withdrawals are subject to spousal consent rules set forth in Section 3.06. On the Transaction Date, we will pay the lesser of the Cash Value or the amount of partial withdrawal requested to the person entitled to receive such payment as designated in writing by you. The amount paid plus any withdrawal charge applicable pursuant to Section 2.08 will be withdrawn from the amounts you have in the Divisions. Unless instructed otherwise, the amount withdrawn (including any withdrawal charge) will be allocated among the Divisions in proportion to the amounts that you have in such Divisions. Upon any partial withdrawal payment, we will be released from any and all liability for payments with respect to the Contributions from which the amounts so withdrawn arose. Partial withdrawal payments may be deferred by us in accordance with the provisions of Section 4.07. We may decline to accept a request for a partial withdrawal of less than $300. If a withdrawal made under this Section would result in an Annuity Account Value of less than $500, we will so advise you and reserve the right to pay the Annuity Account Value to you, and terminate this Contract.
Partial Withdrawals. 8 Section 6.2 Redemptions ...........................................8 Section 6.3 Distribution in Kind...................................8 ARTICLE VII--LIQUIDATION
Partial Withdrawals. A Partial Withdrawal is a request for an amount less than the total Contract Value. Each Partial Withdrawal must be greater than or equal to the Minimum Partial Withdrawal shown on the Contract Schedule. When you request a Partial Withdrawal, we deduct the amount you request, plus any applicable Withdrawal Charge from the total Contract Value. We apply the Withdrawal Charge to this total amount. We deduct Partial Withdrawals proportionately from the Allocation Options, unless we receive alternate instructions. We deduct a Partial Withdrawal from the Contract Value at the end of the Business Day that we process the Withdrawal request. If you request a Partial Withdrawal that causes the Contract Value to be less than the Minimum Required Value shown on the Contract Schedule, we treat your request as a Full Withdrawal.
Partial Withdrawals. The Owner may make a partial withdrawal from the Annuity Account Value at any time, by Request, prior to the Annuity Commencement Date and subject to the terms of this Contract. By Request, the Owner must elect the Sub-Account or combination of them, from which a partial withdrawal is to be made and the amount to be withdrawn from each Sub-Account. Partial withdrawals from the Income Segment are subject to the terms of the Rider. The minimum partial withdrawal amount is $500. After any partial withdrawal, if the remaining Investment Segment Account Value is less than $2,000, and no contributions have been made for at least two years, then a full surrender of the Investment Segment may be required. The Annuity Account Value will be reduced by the partial withdrawal amount and the Guaranteed Minimum Death Benefit, if applicable, will be reduced on a pro-rated basis.
Partial Withdrawals. The Annuitant may elect by written notice to AXA Equitable to take a partial withdrawal from the Annuitant's Accounts on or before the Annuutant's Retirement Date, subject to AXA Equitable's advance written consent if such withdrawal is for an amount of less than $250. If such election would result in the sum of the amounts then in the Annuitant's Investment Accounts to be less than $100, AXA Equitable will deem such election to be an election by the Annuitant to terminate the Contract and will make the payment described in Section 3.10 in lieu of any payment under this Section unless the Annuitant requests that the Contract issued pursuant to Section 5.01 be permitted to remain in effect and AXA Equitable agrees. Upon a partial withdrawal, AXA Equitable will pay to the Annuitant the lesser of (i) the Cash Value of the Annuitant's Accounts or (ii) the amount of partial withdrawal requested. Unless AXA Equitable is otherwise directed by the Annuitant in accordance with AXA Equitable's requirements, the amount so paid will be withdrawn from the Annuitant's Investment Accounts in proportion to the amount of the Annuitant's Account Balance in each such Investment Account. Unless otherwise directed by the Annuitant, withdrawals from the Guaranteed Rate Account will be made from the Guarantee with the most recent Contribution Quarter of each Duration (that is, one year, three year and so forth) represented in the Annuitant's Guaranteed Rate Account in the same proportion that the sum of the Accrued Values of the Annuitant's Guarantees of each Duration bears 301-10,000-2002 Page 13 to the Account Balance of the Annuitant's Guaranteed Rate Account, or, if such Accrued Values prove insufficient, from the Guarantee or Guarantees with the next most recent Contribution Quarter. Notwithstanding anything to the contrary in this Section, withdrawals pursuant to this Section may not be made from a Guarantee in the Guaranteed Rate Account during its Contribution Quarter. Upon any payment to the Annuitant's pursuant to this Section, AXA Equitable will be released from any and all liability for payments with respect to the Contributions from which the amounts so withdrawn arose. Payments to the Annuitant pursuant to this Section may be deferred by AXA Equitable in accordance with the provisions of Section 5.06.
Partial Withdrawals. 6 Payee ......................................... 15
