Systematic Allocation Clause Samples
The Systematic Allocation clause establishes a structured method for distributing resources, costs, or responsibilities among parties involved in an agreement. Typically, this clause outlines the criteria or formulas used to determine each party's share, such as dividing expenses based on usage, revenue, or another agreed metric. By providing a clear and consistent approach to allocation, the clause helps prevent disputes and ensures fairness in the management of shared obligations or benefits.
Systematic Allocation. Systematic Allocation provides a dollar-cost-averaging option on Fund transfers. Dollar-cost-averaging involves allocating amounts to one Fund and having it reallocated to other Funds in substantially equal monthly installments. The amount applied to a Systematic Allocation must be no less than $100 per month over a period of at least 12 months. Systematic Allocations for a period longer than 24 months must be consented to by the Company. Systematic Allocations may not be made from, or to, the Fixed Account or GAA. We reserve the right to limit the Funds that can be used to pay out or receive Systematic Allocations. Transfers made by reason of a Systematic Allocation will not reduce the number of investment transfers that can be made pursuant to Section 3.09. Unless otherwise consented to by the Company, no more than one Systematic Allocation may be in effect. The Contract Holder may revoke a Systematic Allocation at any time.
Systematic Allocation. Systematic Allocation provides a dollar-cost-averaging or account rebalancing option on Fund transfers. Dollar-cost-averaging involves allocating amounts to one Fund and having it reallocated to other Funds in substantially equal monthly installments. The amount applied to a dollar-cost averaging Systematic Allocation must be no less than $100 per month over a period of at least 12 months. Systematic Allocations for a period longer than 24 months must be consented to by the Company. Systematic Allocation for account rebalancing involves reallocation of Funds using predetermined percentages on a scheduled basis. Systematic Allocations may not be made from, or to, the Fixed Account or GAA. We reserve the right to limit the Funds that can be used to pay out or receive Systematic Allocations. Transfers made by reason of a Systematic Allocation will not reduce the number of investment transfers that can be made pursuant to Section 3.09. Unless otherwise consented to by the Company, no more than one Systematic Allocation may be in effect. The Contract Holder may revoke a Systematic Allocation at any time.
Systematic Allocation. A Systematic Allocation involves placing a lump sum in one Fund (mutual fund) and having it reallocated to another Fund in substantially equal monthly installments. The purpose of a Systematic Allocation is to permit shares of the second Fund to be purchased using the "dollar-cost-averaging" method. The amount applied to a Systematic Allocation must be no less than $100 per month over a period of at least 12 months. Systematic Allocations for a period longer than 24 months must be consented to by Aetna. Systematic Allocations may not be made from, or to, the Fixed Account or the GAA. Aetna reserves the right to limit the Funds that can be used to pay out or receive Systematic Allocations. With respect to a Participant Account, the Participant (with the consent of the Contract Holder), may initiate a Systematic Allocation. Unless otherwise consented to by Aetna, no Participant may have more than one Systematic Allocation in effect. A Participant may revoke a Systematic Allocation at any time. Transfers made by reason of a Systematic Allocation will not reduce the number of investment transfers that can be made pursuant to Section 5.01.
Systematic Allocation. A Systematic Allocation involves placing a lump sum in one Fund (mutual fund) and having it reallocated to another Fund in substantially equal monthly installments. The purpose of a Systematic Allocation is to permit shares of the second Fund to be purchased using the "dollar-cost averaging" method. The amount applied to a Systematic Allocation must be no less than $100 per month over a period of at least 12 months. Systematic Allocations for a period longer than 24 months must be consented to by the Company. A Systematic Allocation is not available after an Annuity Option has been elected. The Company reserves the right to limit the Funds that can be used to pay out or receive Systematic Allocations. With respect to a Participant Account, the Participant (with the consent of the Contract Holder) may initiate a Systematic Allocation. Unless otherwise consented to by the Company, no Participant may have more than one Systematic Allocation in effect. A Participant may revoke a Systematic Allocation at any time.
Systematic Allocation. Systematic Allocation provides a dollar-cost-averaging or account rebalancing option on Fund transfers. Dollar-cost-averaging involves allocating amounts to one Fund and having it reallocated to other Funds in substantially equal monthly installments. The amount applied to a dollar-cost averaging Systematic Allocation must be no less than $100 per month over a period of at least 12 months. For periods longer than 24 months Company consent is required. Systematic Allocation for account rebalancing involves reallocation of Funds. We reserve the right to limit the Funds that can be used to pay out or receive Systematic Allocations. Unless the Company consents otherwise, no more than one Systematic Allocation may be in effect. The Contract Owner may revoke a Systematic Allocation at any time.