Withdrawals for Benefit Payments Sample Clauses

Withdrawals for Benefit Payments. We will make payments to the Contractholder to provide benefits permitted under the terms of the Plan. Such benefit payments may be made for reasons of a Participant's retirement, termination of employment, death, disability, hardship, [loans,] or in-service withdrawal after age 59 1/2. Benefits may also include such other payments made pursuant to the Plan provisions as agreed to by us in accordance with our existing administrative practices. The amount of a benefit payment will be the amount certified by you as necessary to fulfill a benefit payment request of a Participant. You agree to supply us with documentation to support benefit payments on request. We will also make distribution payments consistent with the terms of the Plan relating to the minimum required distribution provisions of Sections 401(a)(9) of the Code, as applicable. [Loans made available to a Participant under this Contract will be made in accordance with the terms provided in the Plan. Prudential will administer loans in conformity with the Code and ERISA.]
Sample 1
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Withdrawals for Benefit Payments. We will make payments to the Contractholder to provide benefits permitted under the terms of the Plan. Such benefit payments may be made for reasons of a Participant’s retirement, termination of employment, death, disability, hardship, loans, or in-service withdrawal after age 59 1/2. Benefits may also include such other payments made pursuant to the Plan provisions as agreed to by Us in accordance with Our existing administrative practices. The amount of a benefit payment will be the amount certified by You as necessary to fulfill a benefit payment request of a Participant. You agree to supply Us with documentation to support benefit payments on request. We will also make minimum distribution payments to Participants consistent with Section [401(a)(9)/457(d)] of the Code. Loans made available to a Participant under this Contract will be made in accordance with the terms provided in the Plan. Prudential will administer loans in conformity with the Code.
Sample 1
Withdrawals for Benefit Payments. 9 6.3 Withdrawals at Termination of Contract . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 6.4 Withdrawals Subject to a Market Value Adjustment . . . . . . . . . . . . . . . . . . . . . . 11 6.5
Sample 1
Withdrawals for Benefit Payments. ___________9 1.2 Business Day ______________________1 6.3 Withdrawals at Termination 1.3 Code ______________________________1 of Contract ______________________________9 1.4 Competing Fund ____________________1 6.4
Sample 1
Withdrawals for Benefit Payments. ...9 6.3 Withdrawals at Termination of Contract ..........................9 6.4 Withdrawals Subject to a Market Value Adjustment .............10 6.5
Sample 1

Related to Withdrawals for Benefit Payments

  • Benefit Payments Benefit Payments, as referred to in this Agreement, means the sum of (i) Claims, as described in Xxxxxxxxx 0 xxxxx, (xx) Cash Surrender Values, as described in Paragraph 3 below, and (iii) Annuity Payments, as described in Paragraph 7 below.

  • Application for Benefits Requests for short-term leaves shall be in writing, upon the appropriate form prescribed and provided by the District, and shall be filed with the unit member's supervisor and the appropriate manager five (5) days in advance of the intended leave (except in emergency situations), unless otherwise stated by the provisions of the specific leave.

  • Retirement Benefits Due to either investment or employment during the marriage, either the Husband or Wife: (check one) ☐ - DO NOT have retirement plans. ☐ - HAVE retirement plans. The Couple has the following retirement plans: (“Retirement Plans”). Upon signing this Agreement, the Retirement Plans shall be owned by: (check one) ☐ - Husband ☐ - Wife ☐ - Both Spouses ☐ - Other. .

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • Distribution of Benefits Members of this unit with at least one year of the service to the District may apply for a number of days consistent with a one-for-one match of their individual sick leave accumulation as of the end of the previous contract year brought forward to the year of the onset of disability. The combined benefit of accumulated personal sick leave and disability bank leave may not exceed one hundred-eighty days and may carry over from one contract year to another. Employees with less than one full year of service in the District will not be require to contribute one of their individual accumulated sick leave days to the disability bank. The Board reviews the right to request re-application and documentation from anyone requesting more than forty (40) days from the pool. Any benefits will be minus other insurance coverage (i.e. worker’s compensation, social security, etc.).

  • Retirement Benefit Should the Director still be in the Directorship ------------------ of the Association upon attainment of his 70th birthday, the Association will commence to pay him $590 per month for a continuous period of 120 months. In the event that the Director should die after becoming entitled to receive said monthly installments but before any or all of said installments have been paid, the Association will pay or will continue to pay said installments to such beneficiary or beneficiaries as the Director has directed by filing with the Association a notice in writing. In the event of the death of the last named beneficiary before all the unpaid payments have been made, the balance of any amount which remains unpaid at said death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the estate of the last named beneficiary to die. In the absence of any such beneficiary designation, any amount remaining unpaid at the Director's death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the Director's estate.

  • Distribution of Benefit The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement Age. The annual benefit shall be distributed to the Executive for fifteen (15) years.

  • Claims for Benefits All Claims for benefits will be deemed to have been filed on the date received by AvMed. If a Claim is a Pre-Service or Urgent Care Claim, a Health Professional with knowledge of the Member’s Condition will be permitted to act as the Member’s authorized representative, and will be notified of all approvals on the Member’s behalf.

  • SIMPLE Individual Retirement Custodial Account (Under section 408(p) of the Internal Revenue Code) The participant named above is establishing a savings incentive match plan for employees of small employers individual retirement account (SIMPLE IRA) under sections 408(a) and 408(p) to provide for his or her retirement and for the support of his or her beneficiaries after death. The custodian named above has given the participant the disclosure statement required by Regulations section 1.408-6. The participant and the custodian make the following agreement:

  • Xxxx Individual Retirement Custodial Account The following constitutes an agreement establishing a Xxxx XXX (under Section 408A of the Internal Revenue Code) between the depositor and the Custodian.

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