Annual Administrative Charge. As of the last day of each Contract Year, if the Annuity Account Value on that date is less than $25,000, we will withdraw from the Divisions an Annual Administrative Charge equal to the lesser of $30 or 2% of the Annuity Account Value including the amount of any withdrawals pursuant to Section 2.07 during that Contract Year. The charge will be allocated among the Divisions in proportion to the amounts you have in the Divisions. If the Annuity Account Value is $25,000 or greater at the end of a Contract Year, the Annual Administrative Charge is zero. If the Annuity Account Value is less than $25,000 on (a) the date of the application of the Annuity Account Value or Cash Value pursuant to Section 3.03 or (b) the date of termination of this Contract pursuant to Sections 2.06 or 2.11, we will prorate the Annual Administrative Charge applicable to the completed portion of the current Contract Year and withdraw such amount in lieu of the Annual Administrative Charge described in this Section for the applicable part of that Contract Year.
Annual Administrative Charge. As of the last day of each Contract Year before your Retirement Date, we will withdraw from the Divisions an Annual Administrative Charge equal to the lesser of $30 or 2% of the Annuity Account Value including the amount of the sum of (i) the Annuity Account Value and (ii) any withdrawals pursuant to Section 2.07 during that Contract Year. The charge will be allocated among the Divisions in proportion to the amounts that you have in the Divisions. As of the Retirement Date and before application of the Annuity Account Value or Cash Value pursuant to Section 3.03, or upon termination of this Contract pursuant to Section 2.06 or Sections 2.10 and 2.11 during a Contract Year, if the Annuity Account Value is less than $10,000, we will withdraw the Annual Administrative Charge described in this Section for the applicable part of that Contract Year. However, if the Annuity Account Value is $10,000 or greater at the end of the Contract Year, the Annual Administrative Charge is zero.
Annual Administrative Charge. 11 Mortality and Expense Risk Fee.........................11
Annual Administrative Charge. As of the last day of each Contract Year, if the Annuity Account Value on that date is less than $25,000, we will withdraw from the Divisions an Annual Administrative Charge equal to the lesser of $30 or 2% of the Annuity Account Value including the amount of any withdrawals pursuant to Section 2.07 during that Contract Year. The charge will be allocated among the Divisions in proportion to the amounts that you have in the Divisions. For this purpose, any loan reserve amount is included within the Guaranteed Interest Division. The portion of the charge attributable to the Guaranteed Interest Division and any loan reserve account will be first withdrawn from the Guaranteed Interest Division and then, if the amount you have in the Guaranteed Interest Division is not sufficient, the remaining allocation will be withdrawn from the portion of the loan reserve account that earns interest at the Guaranteed Interest Rate. If the Annuity Account Value is less than $25,000, on (a) the date of the application of the Annuity Account Value or Cash Value pursuant to Section 3.03, or (b) the date of Termination of this Contract pursuant to Section or 2.12, we will prorate the Annual Administrative Charge applicable to the completed portion of the Current Contract Year and withdraw such amount in lieu of the Annual Administrative Charge described in this Section for the applicable part of that Contract Year. If the Annuity Account Value is $25,000 or greater at the end of a Contract Year, the Annual Administrative Charge is zero.
Annual Administrative Charge. (Contract Section 9.04) If applicable, the Annual Administrative Charge will be deducted from each certificate on the last day of each Participation Year as follows: • The lesser of 2% of the Annuity Account Value plus any prior withdrawals made during the Participation Year or $30; waived at an Annuity Account Value of $15,000 or more, or • The lesser of 2% of the Annuity Account Value plus any prior withdrawals made during the Participation Year or $30; waived at an Annuity Account Value of $25,000 or more, or • The lesser of 2% of the Annuity Account Value any prior withdrawals made during the Participation Year or $15; waived at an Annuity Account Value of $15,000, or more, or • The lesser of 2% of the Annuity Account Value plus any prior withdrawals made during the Participation Year or $15; waived at an Annuity Account Value of $25,000, or more, or • None
Annual Administrative Charge. The Annual Administrative Charge for each Purchase Period is calculated by multiplying the Authority’s Administrative Costs by a fraction, the numerator of which is the Total Annual Charge (without any allocation of the Annual Administrative Costs) for the Purchase Period, and the denominator of which is the total revenue received by the Authority during the Purchase Period from the operation of all its systems (including from the Owner for the CDWTL system.)
