Withdrawal Adjustment definition

Withdrawal Adjustment means an amount calculated by the Deposit Taker by reference to the Balance, subject to an adjustment determined at the relevant time based on the prevailing market conditions, such as, but not limited to, interest rates and the levels of the FTSE, STOXX and S&P.

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Withdrawal Adjustment means an adjustment made to your Deposit Plan should your personal representatives decide to close your Deposit Plan following your death before the Maturity Date and which is calculated by the Deposit Taker in accordance with the relevant Addendum.

Withdrawal Adjustment means an adjustment made to your Deposit Plan should your personal representatives decide to close your Deposit Plan

Examples of Withdrawal Adjustment in a sentence

A Prorata Partial Withdrawal Adjustment will be made unless a Special Partial Withdrawal Adjustment applies to the component for the withdrawal.
The Special Partial Withdrawal Adjustment is equal to the amount of the Accumulation Value withdrawn.
The Prorata Partial Withdrawal Adjustment to a Death Benefit component is equal to (1) divided by (2), multiplied by (3), where: (1) is the Accumulation Value withdrawn; (2) is the Accumulation Value immediately prior to withdrawal; and (3) is the amount of the applicable Death Benefit component immediately prior to the withdrawal.
The Prorata Partial Withdrawal Adjustment to a Death Benefit component for a partial withdrawal is equal to (1) divided by (2) multiplied by (3), where: (1) is the Accumulation Value withdrawn; (2) is the Accumulation Value immediately prior to withdrawal; and (3) is the amount of the applicable Death Benefit component immediately prior to the withdrawal.
A Prorata Partial Withdrawal Adjustment will be made unless a Special Partial Withdrawal Adjustment applies to that component for the withdrawal.
The Special Partial Withdrawal Adjustment is equal to the amount of Accumulation Value withdrawn.
Special Partial Withdrawal Adjustments are applicable only in the calculation of the Maximum Guaranteed Death Benefit and the Guaranteed Death Benefit, in all other cases including the Alternate Guaranteed Death Benefit, withdrawals are treated as Prorata Partial Withdrawal Adjustment.
The Prorata Partial Withdrawal Adjustment to a death benefit component is equal to (1) divided by (2), multiplied by (3), where: (1) is the Accumulation Value withdrawn, (2) is the Accumulation Value immediately prior to withdrawal, and (3) is the amount of the applicable death benefit component immediately prior to the withdrawal.
The Prorata Partial Withdrawal Adjustment to a death benefit component for a partial withdrawal is equal to (1) divided by (2), multiplied by (3), where: (1) is the Accumulation Value withdrawn, (2) is the Accumulation Value immediately prior to withdrawal, and (3) is the amount of the applicable death benefit component immediately prior to the withdrawal.
Special Partial Withdrawal Adjustments are applicable only in the calculation of the Maximum Guaranteed Death Benefit and the Guaranteed Death Benefit, and in all other cases withdrawals are treated as Prorata Partial Withdrawal Adjustment.

More Definitions of Withdrawal Adjustment

Withdrawal Adjustment means a reduction to a requested withdrawal from this Contract equal to [5%] of the amount requested. In the event that a Withdrawal Adjustment is applied to a requested withdrawal from this Contract, the Contract Balance shall be reduced by the requested withdrawal amount.

Withdrawal Adjustment means the Net Value (calculated as of the effective date of withdrawal) of all withdrawals hereunder since the Closing, decreased, in the case of each such withdrawal, by the Net Profits in respect of the Account and increased by the Net Losses in respect of the Account, in each case attributable (on a pro rata basis) to the assets so withdrawn, from the date of the Closing to the effective date of such withdrawal.