WITHDRAWAL PERCENTAGE Sample Clauses

WITHDRAWAL PERCENTAGE. The percentage of Your Payment Base that You may withdraw in the form of a Lifetime Benefit Payment. Your Withdrawal Percentage is set based on the attained age of the oldest Covered Life based on the following schedule: Relevant Covered Life’s Attained Age (Age Band) Withdrawal Percentage [59 ½ - 64 [4% 65 – 90+] 5%] The Withdrawal Percentage will be set at the time of Your first Lifetime Benefit Payment or Partial Surrender based on the attained age of the oldest Covered Life. Your Withdrawal Percentage may increase based on the current attained age of the oldest Covered Life if You have not taken any Partial Surrenders. The Withdrawal Percentage will reset based on the current attained age of the oldest Covered Life provided there is a Market Increase and a new age band has been reached.
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WITHDRAWAL PERCENTAGE. The Withdrawal Percentage is the percentage that is applied to the Benefit Base to determine the Guaranteed Withdrawal Amount.
Sample 1
WITHDRAWAL PERCENTAGE. In the section titled Withdrawal Percentage, the Percentage Applied table is replaced with the following table: Percentage Applied If One Covered Person on the GLWB Calculation Date Age* on Date of Premium Allocation Full Contract Years from Date of Premium Allocation to GLWB Calculation Date 0-4 5-9 10-14 15+ Less than 57 - 4.5% 5.0% 6.0% 57-61 4.0% 4.5% 5.5% 6.5% 62-66 4.0% 5.0% 6.0% 7.0% 67-71 4.5% 5.5% 6.5% 7.5% 72-76 5.0% 6.0% 7.0% 7.0% 77-81 5.5% 6.5% 6.5% 6.5% 82+ 6.0% 6.0% 6.0% 6.0% If Two Covered Persons on the GLWB Calculation Date Age** on Date of Premium Allocation Full Contract Years from Date of Premium Allocation to GLWB Calculation Date 0-4 5-9 10-14 15+ Less than 57 - 4.0% 4.5% 5.5% 57-61 3.5% 4.0% 5.0% 6.0% 62-66 3.5% 4.5% 5.5% 6.5% 67-71 4.0% 5.0% 6.0% 7.0% 72-76 4.5% 5.5% 6.5% 6.5% 77-81 5.0% 6.0% 6.0% 6.0% 82+ 5.5% 5.5% 5.5% 5.5% * If there is one Covered Person on the GLWB Calculation Date, that person’s Age on the date of premium allocation. **If there are two Covered Persons on the GLWB Calculation Date, the younger Covered Person’s Age on the date of premium allocation. And after item (2):
Sample 1
WITHDRAWAL PERCENTAGE. The rate we use to calculate the Permitted Withdrawal Limit and the Monthly Benefit. The Withdrawal Percentage Table is shown on the Contract Schedule and is based on the Age of the younger Covered Person and the Current Treasury Rate. Withdrawal Start Date The Business Day we receive your Notice to begin Permitted Withdrawals and calculate the Permitted Withdrawal Limit. C1000-GA 7 Designated Account The Designated Account is an investment account you have established with the Selling Firm. Your rights and obligations with respect to the Designated Account are set forth in your agreement with the Selling Firm. The Selling Firm is responsible for providing us with daily data regarding your Designated Account. We are not responsible for obtaining this information. Your Designated Account must continually be in compliance with the Program Rules. The Program Rules are shown on the Contract Schedule. If you reallocate your Designated Account value so that it does not comply with the Program Rules, we send written notice and ask you to reallocate your Designated Account value to bring it into compliance with the Program Rules by the end of the Allocation Correction Period. If you fail to make this reallocation by the end of the Allocation Correction Period shown on the Contract Schedule, this contract terminates as of the end of the Allocation Correction Period. If the Program Sponsor changes the Program Rules so that they no longer meet our standards we may, at our sole discretion, either:
Sample 1
WITHDRAWAL PERCENTAGE. The percentage used to determine the Lifetime Benefit Payment and Transfer Limit.
Sample 1
WITHDRAWAL PERCENTAGE. Your Withdrawal Percentage is set based on the attained age of the Covered Life based on the following schedule: Covered Life’s Attained Age (Age Band) Withdrawal Percentage [59 ½ - 64 [4% 65 – 84 5% 85+] 6%] The Withdrawal Percentage will be set at the later of Your first Partial Surrender or Your Lifetime Income Eligibility Date based on the attained age of the Covered Life. The Withdrawal Percentage may increase based on the current attained age of the Covered Life provided there is a Market Based Step and a new age band has been reached.
Sample 1
WITHDRAWAL PERCENTAGE. In the section titled Withdrawal Percentage, the first paragraph:
Sample 1
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Related to WITHDRAWAL PERCENTAGE

  • Original Class A Percentage Section 11.05 Original Principal Balances of the Classes of Class A Certificates............................................ Section 11.06 Original Class A Non-PO Principal Balance................ Section 11.07

  • Annual Percentage Rate Each Receivable has an APR of not more than 25.00%.

  • Withdrawal Conditions; Withdrawal Period 1. Notwithstanding the provisions of Part A of this Section, no withdrawal shall be made:

  • Required Amount (a) With respect to each Distribution Date, on the related Determination Date, the Servicer shall determine the amount (the “Class A Required Amount”), if any, by which (x) the sum of (i) Class A Monthly Interest for such Distribution Date, (ii) any Class A Monthly Interest previously due but not paid to the Class A Certificateholders on a prior Distribution Date, (iii) any Class A Additional Interest for such Distribution Date and (iv) any Class A Additional Interest previously due but not paid to the Class A Certificateholders on a prior Distribution Date, (v) if TRS or an Affiliate of TRS is no longer the Servicer, the Class A Servicing Fee for such Distribution Date, (vi) if TRS or an Affiliate of TRS is no longer the Servicer, any Class A Servicing Fee previously due but not paid to the Servicer, and (vii) the Class A Investor Default Amount, if any, for such Distribution Date exceeds (y) the Class A Available Funds. In the event that the difference between (x) the Class A Required Amount for such Distribution Date and (y) the amount of Excess Spread and Excess Finance Charge Collections applied with respect thereto pursuant to subsection 4.07(a) on such Distribution Date is greater than zero, the Servicer shall give written notice to the Transferors and the Trustee of such excess Class A Required Amount on the date of computation.

  • Applicable Percentage Except as provided otherwise in the next sentence, the term "Applicable Percentage" shall mean: (i) 0% during the one-year period commencing on the Closing Date (ii) 20% during the one-year period commencing on the first anniversary of the Closing Date; (iii) 40% during the one-year period commencing on the second anniversary of the Closing Date; (iv) 60% during the one-year period commencing on the third anniversary of the Closing Date; (v) 80% during the one-year period commencing on the fourth anniversary of the Closing Date; and (vi) 100% on and after the fifth anniversary of the Closing Date. Notwithstanding the foregoing, (A) immediately prior to and after the occurrence of a Sale of the Company, such Applicable Percentage shall mean 100%, and (B) in the case of a termination of employment described in Section 7.2(a)(iii)(B), such Applicable Percentage in clauses (i), (ii) and (iii) shall be 0%, and in clauses (iv) and (v) and (vi) shall be 40%, 75% and 100%, respectively.

  • Original Subordinated Percentage The Original Subordinated Percentage is 3.00544082%.

  • Reallocation of Applicable Percentages to Reduce Fronting Exposure During any period in which there is a Defaulting Lender, for purposes of computing the amount of the obligation of each non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit or Swing Line Loans pursuant to Sections 2.03 and 2.04, the “Applicable Percentage” of each non-Defaulting Lender shall be computed without giving effect to the Commitment of that Defaulting Lender; provided, that, (i) each such reallocation shall be given effect only if, at the date the applicable Lender becomes a Defaulting Lender, no Default or Event of Default exists; and (ii) the aggregate obligation of each non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit and Swing Line Loans shall not exceed the positive difference, if any, of (1) the Commitment of that non-Defaulting Lender minus (2) the aggregate Outstanding Amount of the Committed Loans of that Lender.

  • Reallocation to a Class with a Lower Salary Range Maximum 1. If the employee meets the skills and abilities requirements of the position and chooses to remain in the reallocated position, the employee retains existing appointment status and has the right to be placed on the Employer’s internal layoff list for the classification occupied prior to the reallocation.

  • Commitment Percentage With respect to each Lender, the percentage set forth on Schedule 1.1 hereto as such Lender’s percentage of the aggregate Commitments of all of the Lenders, as the same may be changed from time to time in accordance with the terms of this Agreement.

  • Carry Forward to a Subsequent Year If you do not withdraw the excess contribution, you may carry forward the contribution for a subsequent tax year. To do so, you under-contribute for that tax year and carry the excess contribution amount forward to that year on your tax return. The six percent excess contribution penalty tax will be imposed on the excess amount for each year that it remains as an excess contribution at the end of the year. You must file IRS Form 5329 along with your income tax return to report and remit any additional taxes to the IRS.

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