An Exit Charge is chargeable upon termination of the Trust Plan within the Contribution Payment Term. The Exit Charge Rate is dependent on the number of remaining year(s) in the CPT with respect to termination. For the purposes of determining the Exit Charge Rate, each incomplete year remaining in the CPT will be rounded up to a complete year. To illustrate, a remaining CPT of 11 years and 1 month will be regarded as 12 years for the purposes of computing the Exit Charge Rate.
| Remaining years in CPT | Exit Charge Rate | Remaining years in CPT | Exit Charge Rate | Remaining years in CPT | Exit Charge Rate |
|---|---|---|---|---|---|
| 30 | 100 | 20 | 74 | 1 | 50 |
| 29 | 90 | 19 | 71 | 9 | 47 |
| 28 | 88 | 18 | 69 | 8 | 44 |
| 27 | 86 | 17 | 66 | 7 | 40 |
| 26 | 84 | 16 | 64 | 6 | 35 |
| 25 | 83 | 15 | 62 | 5 | 30 |
| 24 | 81 | 14 | 60 | 4 | 25 |
| 23 | 80 | 13 | 58 | 3 | 20 |
| 22 | 78 | 12 | 56 | 2 | 15 |
| 21 | 76 | 11 | 54 | 1 | 8 |
The Exit Charge shall be paid by cancelling the units in the Initial Account. The Exit Charge is equal to (i) the applicable Exit Charge Rate (as shown above) multiplied by (ii) the Initial Account Value as at the date the units are cancelled.