Examples of Effective Date of Withdrawal in a sentence
The Date of Valuation on any appropriate election to withdraw assets, pursuant to this Section 6.03, shall be the Effective Date of Withdrawal.
DATE OF VALUATION The term "Date of Valuation" means the Business Day that a Participant initiates an investment option election, a loan, a settlement upon termination of employment, an exchange of assets, a withdrawal, and such date will be the Effective Date of Investment Option Election, Effective Date of Loan, Effective Date of Termination, Effective Date of Exchange of Assets, or Effective Date of Withdrawal, whichever is applicable.
Except for payments expressly provided for in this Section 11, neither a Withdrawing Member nor any legal representative of a Withdrawing Member shall be entitled to receive from the Remaining Member or the Company any amount in respect of the Withdrawing Member's interest in the Company except the amount of any distributions made to the Withdrawing Member prior to the Effective Date of Withdrawal.
For purposes of making a settlement distribution to the beneficiary or beneficiaries, the Date of Valuation and the Effective Date of Withdrawal means the date on which the Administrator, or its delegate, determines the appropriate beneficiary or beneficiaries and is in receipt of all necessary information and directions to process the settlement.
Each Member shall have the right to withdraw from the Company after January 31, 2004, by giving written notice of such intention to withdraw to the Company and to the Remaining Member not later than six months prior to the Effective Date of Withdrawal.