Examples of Personal Account Member in a sentence
Any such withdrawal request must be made in a form as may be prescribed by the Trustee from time to time.The maximum number of such redemption and withdrawal allowed for each Personal Account Member for regular voluntary contribution and non-voluntary contribution in a financial year shall not exceed 52 and 4 respectively.
Subject to the consent of the Trustee, a Personal Account Member who has benefits attributable to the non-regular voluntary contributions account and any voluntary contributions transferred to his or her voluntary personal sub-account may request the Trustee to redeem and withdraw part or whole of such benefits on any Dealing Day by giving to the Trustee at least seven (7) working days’ prior written notice in such form acceptable to the Trustee.
If an Employee Member changes employment, he/she can leave the whole or any part of his/her accrued benefits in the Scheme and become a Personal Account Member.
In addition, in respect of a Personal Account Member who elects to make voluntary contributions to the Scheme in accordance with the governing rules of the Scheme, the Personal Account Member may cease to make contributions to the Scheme at such time and in such manner as the Personal Account Member may agree with the Trustee and the Sponsor.
Such person will become a Personal Account Member of the Scheme.Any Member who due to change of employment wishes to become a Personal Account Member of the Scheme will automatically become a Personal Account Member upon such selection.Any person who has fulfilled the requirements under Clause 7.3 and wishes to become a TVC Member of the Scheme must complete an application form as prescribed by the Trustee.
The redemption shall be effected on the Dealing Day immediately after the Trustee has received, reconciled and validated the written request for redemption submitted by the Personal Account Member.
Any Employer, SEP Member or Personal Account Member may at any time cease to participate in the Scheme by giving a notice in writing to the Trustee.
Any costs and expenses (whether being set-up fee, annual fee or any other additional costs and expenses) which the Trustee and the Administrator determine to be wholly attributable to a specific Participating Employer, External Relevant Employee Member, Self-employed Member or Personal Account Member will be borne by that Participating Employer, External Relevant Employee Member, Self-employed Member or Personal Account Member.
A “Deemed Withdrawal” means any event where a Participating Employer (other than a Self-employed Member, Personal Account Member or External Relevant Employee Member) sets up another Registered Scheme with another Registered Scheme provider and funds are then withdrawn from the Guaranteed Portfolio.
It is trivially false on the inferential reading, since ‘It’s a fact that snow is white’ implies ‘there are facts’ on the inferential reading.