Withdrawal Payment definition

Withdrawal Payment is defined in Section 9.9(b) hereof.
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Withdrawal Payment has the meaning set forth in Section 16.2.
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Withdrawal Payment has the meaning set forth in Section 7.2(a). “Withdrawing Funder” has the meaning set forth in Section 7.1.
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Examples of Withdrawal Payment in a sentence

  • If the effective date of WEIS Participant’s Withdrawal is prior to the expiration of the Initial Term plus four years, SPP will invoice WEIS Participant for the Withdrawal Payment within thirty (30) days of the effective date of the Withdrawal.

  • When you surrender, take a withdrawal from your Policy, or take a Guaranteed Withdrawal Payment from your Policy, you may be subject to federal and state income tax on a portion or the entire amount withdrawn.

  • Upon return home, they can be reimbursed part of the contribution they have made as the Lump-sum Withdrawal Payment.

  • The Committee may in its sole discretion at any time make an extraordinary contribution to the Company Account of any Participant.

  • The reduced Guaranteed Withdrawal Payment (or Enhanced Guaranteed Withdrawal Payment, if applicable) will equal the Guaranteed Withdrawal Payment (or Enhanced Guaranteed Withdrawal Payment, if applicable) prior to the Excess Withdrawal multiplied by the difference of one and the reduction percentage.

  • If you are receiving Guaranteed Withdrawal Payments, upon meeting the eligibility criteria of the Enhanced Benefit, your payment amounts will change to the Enhanced Guaranteed Withdrawal Payment.

  • Any Withdrawal Payment received by SPP will be applied as a reduction to the IC-REM as defined in Exhibit A.

  • Any Withdrawal Payment received by SPP will be applied as a reduction to the Implementation Costs Remaining as defined in Exhibit A.

  • The Enhanced Guaranteed Withdrawal Payment is calculated by multiplying the Guaranteed Withdrawal Payment by 2 for single annuitant policies and by 1.5 for joint annuitant policies.We will require a written request for the Enhanced Benefit.

  • Upon the effective date of WEIS Participant’s Withdrawal, WEIS Participant is responsible for the Withdrawal Payment pursuant to Section 3.7.


More Definitions of Withdrawal Payment

Withdrawal Payment has the meaning given to that term in Section 8.3(a). “Withdrawing Hospital Benefit Amount” has the meaning given to that term in Section
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Withdrawal Payment shall have the meaning set forth in Section 2.01(c) of this Agreement.
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Withdrawal Payment has the meaning set forth in Section 2.2.2 of this Transaction Agreement.
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Related to Withdrawal Payment

  • Withdrawal Value means a Participant's Account Value minus the applicable Withdrawal Charge. (transfer from GRA VII SBR,MBR/GRA III SBR,MBR -- Series I) (original GRA VII NBR/GRA VI NBR -- Series I) P-13099(SBR)(MBR)(NBR)conv.4

  • Withdrawal Period as defined in Section 10.13(b).

  • Withdrawal Event means the earliest to occur of any event which causes a Partner to cease to be a Partner, and to become a Former Partner, as set forth in Section 1.29.

  • Free Withdrawal Amount ’ means an amount equal to the percentage, stated in the Data Pages, of the Annuity Account Value, minus the total of all prior withdrawals (and associated Withdrawal Charges) made as described in Section 5.01 in the current Contract Year that may be withdrawn each Contract Year without incurring a Withdrawal Charge. We have the right to change the Free Withdrawal Amount, but it will always be a percentage between 5% and 30% if so provided in the Data Pages.

  • Reserve Account Withdrawal Amount means, with respect to any Distribution Date, the lesser of (x) any shortfall in the amount of Available Funds available to pay the amounts specified in clauses (i) through (xvii) of Section 5.7(a) (taking into account application of Available Funds to the priority of payments specified in Section 5.7(a) and ignoring any provision hereof which otherwise limits the amounts described in such clauses to the amount of funds available) and (y) the amount on deposit in the Reserve Account on such Distribution Date prior to application of amounts on deposit therein pursuant to Section 5.8.

  • Withdrawal Date Any day during the period commencing on the 18th day of the month of the related Distribution Date (or if such day is not a Business Day, the immediately preceding Business Day) and ending on the last Business Day prior to the 21st day of the month of such Distribution Date. The “related Due Date” for any Withdrawal Date is the Due Date immediately preceding the related Distribution Date.

  • Withdrawal Charge means a charge taken by AUL equal to a percentage of the Account Value withdrawn pursuant to Section 4.8, where the percentage varies by the Participant Account Year in which the withdrawal is made. The first Participant Account Year begins on the date when AUL establishes a Participant Account and credits the initial Contribution for the Participant, and ends on the day immediately preceding the next anniversary of such date. Each Participant Account Year thereafter begins on such an anniversary date and ends on the day immediately preceding the next succeeding anniversary date. The Withdrawal Charge percentage is as follows: During Withdrawal Charge Participant Account Years Percentage However, for any Participant who also participates in AUL Series III group annuity contract GA XX,XXX, the initial Withdrawal Charge percentage under this contract shall be equal to the Withdrawal Charge percentage applicable to the Participant under the AUL Series I group annuity contract from which funds have been transferred to such Series III contract, determined by AUL immediately prior to the date of such transfer, rounded down to the next whole Withdrawal Charge percentage if the Withdrawal Charge percentage under such Series I contract is a fractional Withdrawal Charge percentage. However, the Withdrawal Charge percentage under this paragraph shall never be greater than 8%. The Withdrawal Charge percentage shall be decreased by 1% for each subsequent Participant Account Year until the Withdrawal Charge percentage equals 4%. (However, if the applicable Series I contract Withdrawal Charge percentage is less than 4%, it shall be rounded up to 4% in this contract.) This 4% Withdrawal Charge percentage shall be in effect during the next 6 consecutive Participant Account Years. Thereafter, the Withdrawal Charge percentage shall be reduced to 0%. In no event will the cumulative total of all Withdrawal Charges, including those previously assessed against any amount withdrawn from a Participant Account, exceed 9% of total Contributions allocated to that Participant Account.

  • Withdrawal Notice shall have the meaning given in Section 2.1.6.

  • Cash Withdrawal means a disbursement of funds in any currency from any Account out of the balance in your favour (whether or not in the form of cash) made or obtained through or in connection with any Citibank ATM/ Debit Card.

  • Final Withdrawal Date Has the meaning specified in the Escrow Agreement.

  • Final Withdrawal Notice Has the meaning specified in Section 5.02 of this Trust Supplement.

  • Single Withdrawal Tranche means the amount of the Financing allocated to the category entitled “Single Withdrawal Tranche” in the table set forth in Part B of Section II of Schedule 1 to this Agreement.

  • Withdrawal Request means an instruction given via the Client's Trader’s Room on the Company website to withdraw funds from the trading account and transfer them to the Client's External Account or the Account of the Client's Authorized Person, as specified in the instruction.

  • Suspension/Withdrawal Event means, in respect of the Benchmark:

  • Withdrawal certificate means a document known as a withdrawal of a certificate of noncompliance provided by the child support unit certifying that the certificate is withdrawn and that the board may proceed with issuance, reinstatement, or renewal of a license.

  • Withdrawal Order is defined in Section 6.

  • EU withdrawal agreement means the withdrawal agreement within the meaning of the European Union (Withdrawal Agreement) Act 2020 (see section 39(1) and (6) of that Act).”,

  • withdrawal agreement means the Agreement on the withdrawal of the United Kingdom of Great Britain and Northern Ireland from the European Union and the European Atomic Energy Community1;

  • Suspension/Withdrawal Event means, in respect of the Benchmark:

  • Final Withdrawal Has the meaning specified in the Escrow Agreement.

  • Lump Sum Payment means, collectively, the lump-sum payments that may be payable to Executive pursuant to the first sentence of Subsection 6(b)(iii) and pursuant to Subsection 6(c)(ii)(B).

  • Principal Funding Account Balance means, with respect to any date of determination, the principal amount, if any, on deposit in the Principal Funding Account on such date of determination.

  • Installment Payment has the meaning ascribed to it in Section 2.02(a).

  • Share Premium Account means the share premium account established in accordance with these Articles and the Companies Act.

  • Withdrawal Liability means liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA.

  • Supplemental Payment means any payments or transfers of things of value made to the District or to any person or persons in any form if such payment or transfer of thing of value being provided is in recognition of, anticipation of, or consideration for the Agreement and that is not authorized pursuant to Sections 313.027(f)(1) or (2) of the TEXAS TAX CODE, and specifically includes any payments required pursuant to Article VI of this Agreement.