Withdrawal Benefits. A Participant may direct AUL at its Home Office, in a form acceptable to AUL, to withdraw all or a portion of the Withdrawal Value of his Participant Account, subject to the following provisions:
Withdrawal Benefits. (d) The Account Value to be applied shall be determined as of the applicable Valuation Date determined in (c) above. If the entire Account Value of a Participant Account is withdrawn, the Participant shall be paid the Withdrawal Value. If the Participant requests that a specified percentage or dollar amount be paid to the Participant, AUL shall withdraw from the Participant Account an amount equal to the dollar amount to be paid divided by the difference between 1 and the decimal equivalent of the applicable Withdrawal Charge. Notwithstanding the previous sentence, in the first Contract year in which a Participant Account is established, and in the next succeeding Contract year, the Participant may withdraw from that Participant Account up to 10% of the sum of the Account Value of that Participant Account, determined as of the last Contract anniversary preceding the request for the withdrawal, plus Contributions made during the applicable Contract year, without application of any Withdrawal Charge. In any subsequent Contract year, the Participant may withdraw from that Participant Account up to 10% of the Account Value of that Participant Account, determined as of the last Contract anniversary preceding the request for the withdrawal, without application of any Withdrawal Charge.
Withdrawal Benefits. (a) (6) Effective January 1, 1993, if, as provided in Internal Revenue Code Regulation Section 1.403(b)-2T Q&A-2, the distributee of any eligible rollover distribution elects to have the distribution paid directly to an eligible retirement plan (as defined in Q&A-1 of that Section) and specifies the eligible retirement plan to which the distribution is to be paid, then the distribution shall be paid to that eligible retirement plan in a direct rollover.
Withdrawal Benefits. 1) A Member may withdraw, in a single sum, any part of his Vested Account resulting from Voluntary Contributions. A Member may make only two such withdrawals in any twelve-month period, unless otherwise specified in (a) below.
Withdrawal Benefits. A contributor whose membership ceases, other than in terms of subclauses (3), (4), (5) and (6), shall be paid his Fund credit as a withdrawal benefit, subject to clause 10 (3). In the event of a contributor re-entering the Industry after having been paid a benefit, his completed years of service shall then be calculated from the date on which he re-commences the payment of contributions.
Withdrawal Benefits. A. In respect of members who were subject to the scope of clause 1(1)(b) of this Agreement: Upon a member becoming entitled to a withdrawal benefit, he shall be entitled to –
Withdrawal Benefits. (a)(6) Effective January 1, 1993, if, as provided in Internal Revenue Code Regulation Section 1.403(b)-2T Q&A-2, the distributee of any eligible rollover distribution elects to have the distribution paid directly to an eligible retirement plan (as defined in Q&A-1 of that Section) and specifies the eligible retirement plan to which the distribution is to be paid, then the distribution shall be paid to that eligible retirement plan in a direct rollover (d) The Account Value to be applied pursuant to this Section shall be determined as of the applicable Valuation Date determined in (c) above. If the entire Account Value of a Participant Account is withdrawn, the Participant shall be paid the Withdrawal Value. If the Participant requests that a specified percentage or dollar amount be paid to the Participant, AUL shall withdraw from the Participant Account an amount equal to the dollar amount to be paid divided by the difference between 1 and the decimal equivalent of the applicable Withdrawal Charge. Notwithstanding the previous sentence, in the first Contract Year in which a Participant Account is established, and in the next succeeding Contract Year, the Participant may withdraw from that Participant Account up to 10% of the sum of the Account Value of that Participant Account, determined as of the last Contract Anniversary preceding the request for the withdrawal, plus Contributions made during the applicable Contract Year, without application of any Withdrawal Charge. In any subsequent Contract Year, the Participant may withdraw from that Participant Account up to 10% of the Account Value of that Participant Account, determined as of the last Contract Anniversary preceding the request for the withdrawal, without application of any Withdrawal Charge. Where amounts have been transferred to this contract from another AUL P-12833 contract, Contract Years of participation for purposes of this 10% free-out provision shall be determined by using the date of the Participant's first contribution to the Participant Account in the previous contract which was transferred. Also, where a Participant has outstanding loans under this contract, a partial withdrawal by a Participant from the Fixed Interest Account shall be permitted only to the extent that the remaining Withdrawal Value of the Participant Account held in the Fixed Interest Account equals twice the total of the Participant's outstanding loans under that Participant Account.
Withdrawal Benefits. (a) At any time prior to Contract termination, except as stated below, the Contractholder, upon submitting a proper written request to AUL at its Home Office, may direct AUL to withdraw all or a portion of the Account Value (subject to the Withdrawal Charge) of a Participant Account for the purpose of providing Plan benefits, other than Plan termination benefits, provided:
Withdrawal Benefits. A) If you leave the service of the Company before retirement and have attained the normal retirement date or had completed 5 years of service, you will receive a pension commencing on your retirement date of an amount which can be purchased at your retirement date by your Individual Account balance. Notwithstanding the above, you may elect to have your Individual Account balance directly transferred to another registered pension plan.The transfer will be made on a locked-in basis.
Withdrawal Benefits. A Participant may elect prior to his Annuity Commencement Date to withdraw a portion or all of his Participant's Individual Account upon proper written request to the Company. If the amount of any withdrawal by a Participant would reduce his Participant's Individual Account below $500, his entire Participant's Individual Account must be withdraw. Upon receipt of such request the Company will pay in cash the amount of the withdrawn Participant's Individual Account, determined as of the end of the Valuation Period in which such request is received, and such payment, by the amount withdrawn, shall be in lieu of all other benefits under this contract as to such Participant, his beneficiary and his contingent annuitant. If a Participant withdraws his entire Participant's Individual Account, the Company shall have the right to refuse subsequent Contributions on behalf of such Participant unless Accumulated Deposits are then being held for such Participant under the Companion Contract.
