Common use of Termination of this Contract Clause in Contracts

Termination of this Contract. Subject to any restrictions under the terms of the Plan, including, for Plans subject to Title I of ERISA, if applicable, the spousal consent rules set forth in Section 3.06, you may elect, by written notice, to terminate this Contract. In addition, termination of this Contract is subject to the restrictions on distributions set forth in Section 2.10 of this Contract. We will determine the Cash Value as of the Transaction Date we receive your written election. The payment of such Cash Value to you may be deferred by us in accordance with the provisions of Section 4.07. Subject to the terms of the Plan, and the restrictions on distributions set forth in Section 2.10, we reserve the right to pay the Annuity Account Value under this Contract and terminate this Contract. This right may be exercised only if both (i) you made no Contributions during the last three completed Contract Years, and the Annuity Account Value is less than $500, or (ii) a partial withdrawal is made that would result in your Annuity Account Value falling below $500. We also reserve the right to terminate this Contract if no Contributions have been made within 120 months of the Contract Date shown on page 3 of this Contract. Upon payment pursuant to this Section or the fourth paragraph of Section 2.07, the amount in the Divisions and the Annuity Account Value shall be zero. We will be released from any and all liability for payments with respect to the Contributions from which the Annuity Account Value arose. If this Contract is terminated, surrendered or exchanged prior to your Retirement Date, any applicable tax charges we have paid may be deducted. If we have previously deducted charges for applicable taxes from Contributions pursuant to Section 2.01, we will not again deduct charges for the same taxes on terminations, unless a change in applicable law has occurred with respect to your Contract.

Termination of this Contract. Subject to any restrictions under the terms of the Plan, including, for Plans subject to Title I of ERISA, if applicable, the spousal consent rules set forth in Section 3.06, you may elect, by written notice, to terminate this Contract. In addition, termination of this Contract is subject to the restrictions on distributions set forth in Section 2.10 of this Contract. We will determine the Cash Value as of the Transaction Date we receive your written election. The payment of such Cash Value to you may be deferred by us in accordance with the provisions of Section 4.07. Subject to the terms of the Plan, and the restrictions on distributions set forth in Section 2.10, we reserve the right to pay the Annuity Account Value under this Contract and terminate this Contract. This right may be exercised only if both (i) you made no Contributions during the last three completed Contract Years, and the Annuity Account Value is less than $500, or (ii) a partial withdrawal is made that would result in your Annuity Account Value falling below $500. We also reserve the right to terminate this Contract if no Contributions have been made within 120 months days of the Contract Date shown on page 3 of this Contract. Upon payment pursuant to this Section or the fourth paragraph of Section 2.07, the amount in the Divisions and the Annuity Account Value shall be zero. We will be released from any and all liability for payments with respect to the Contributions from which the Annuity Account Value arose. If this Contract is terminated, surrendered or exchanged prior to your Retirement Date, any applicable tax charges we have paid may be deducted. If we have previously deducted charges for applicable taxes from Contributions pursuant to Section 2.01, we will not again deduct charges for the same taxes on terminations, unless a change in applicable law has occurred with respect to your Contract.

Termination of this Contract. Subject to any restrictions under the terms of the Plan, including, for Plans subject to Title I of ERISA, if applicable, the spousal consent rules set forth in Section 3.06, you may elect, by written notice, to terminate this Contract. In addition, termination of this Contract is subject to the restrictions on distributions set forth in Section 2.10 of this Contract. We will determine the Cash Value under this Contract as of the Transaction Date we receive your written election. The payment of such Cash Value to you may be deferred by us in accordance with the provisions of Section 4.07. Subject to the terms of the Plan, and the restrictions on distributions set forth in Section 2.10, we reserve the right to pay the Annuity Account Value under this Contract and terminate this Contract. This right may be exercised only if both (i) you made no Contributions during the last three completed Contract Years, and the Annuity Account Value is less than $500, or (ii) a partial withdrawal is made that would result in your Annuity Account Value falling below $500. We also reserve the right to terminate this Contract if no Contributions have been made within 120 months of the Contract Date shown on page 3 of this Contract. Upon payment pursuant to this Section or the fourth paragraph of Section 2.07, the amount in the Divisions and the Annuity Account Value shall be zero. We will be released from any and all liability for payments with respect to the Contributions from which the Annuity Account Value aroseDate. If this Contract is terminated, surrendered or exchanged prior to your the Annuitant's Retirement Date, any applicable tax charges we have paid may be deducted. If we have previously deducted charges for applicable taxes from Contributions pursuant to Section 2.01, we will not again deduct charges for the same taxes on terminations, unless a change in applicable law has occurred with respect to your this Contract. Cash Value payments may be deferred by us in accordance with the provisions of Section 4.07. Subject to the terms of the Plan, we reserve the right to pay the Annuity Account Value under this Contact and terminate this Contract if (i) you make no Contributions on the Annuitant's behalf during the last three completed Contract Years, or (ii) you make a partial withdrawal that would result in the Annuitant's Annuity Account Value falling below $500. We also reserve the right to terminate this Contract if no Contributions have been made within 120 days from the Contract Date shown on Page 3 of this Contract. We will pay the Cash Value or Annuity Account Value, as applicable, directly to you unless you give us written notice at the time of termination that you request us to make payment to the Annuitant or another person, and that such payment is permissible under the Plan. Upon payment pursuant to this Section or the fourth paragraph of Section 2.07, the amount in the Divisions under this Contract and the Annuity Account Value with respect to this Contract shall be zero. We will be released from any and all liability for payments with respect to the Contributions from which the Annuity Account Value arose.

Termination of this Contract. Subject to any restrictions under the terms of the Plan, includingthe Employer or Plan Trust if the Plan Trust is the Owner and is so authorized by the terms of the Trust Agreement, for Plans subject to Title I of ERISA, if applicable, the spousal consent rules set forth in Section 3.06, you may elect, elect by written notice, notice to terminate this Contract. In addition, termination of this Contract is subject We will pay the Cash Value or Annuity Account Value to the restrictions on distributions set forth in Section 2.10 Employer or as applicable, the Plan Trust if the Plan Trust is the Owner and is so authorized by the terms of this Contractthe Trust Agreement to receive the Cash Value or Annuity Account Value. Where the Owner is the Annuitant, the advance written approval of the Employer or the Plan Trust may be required to make payment to the Annuitant or other payee. We will determine the Cash Value of this Contract as of the Transaction Date we receive your written election. The payment of such Cash Value to you may be deferred by us in accordance with the provisions of Section 4.07. Subject to the terms of the Plan, and the restrictions on distributions set forth in Section 2.10, we reserve the right to pay the Annuity Account Value under this Contract and terminate this Contract. This right may be exercised only if both (i) you made no Contributions during the last three completed Contract Years, and the Annuity Account Value is less than $500, or (ii) a partial withdrawal is made that would result in your Annuity Account Value falling below $500. We also reserve the right to terminate this Contract if no Contributions have been made within 120 months of the Contract Date shown on page 3 of this Contract. Upon payment pursuant to this Section or the fourth paragraph of Section 2.07, the amount in the Divisions and the Annuity Account Value shall be zero. We will be released from any and all liability for payments with respect to the Contributions from which the Annuity Account Value aroseDate. If this Contract is terminated, surrendered or exchanged prior to your the Annuitant's Retirement Date, any applicable tax charges we have paid may be deductedreserve the right to deduct an Applicable Tax Charge. If we have previously deducted charges for applicable taxes Applicable Tax Charges from Contributions pursuant to Section 2.01, we will not again deduct charges for the same taxes on terminations, unless a change in applicable law has occurred with respect to your this Contract. Cash Value payments may be deferred by us in accordance with the provisions of Section 4.07. Subject to the terms of the Plan, we reserve the right to pay the Annuity Account Value under this Contract and terminate this Contract if (i) you make no Contributions on behalf of the Annuitant during the last three completed Contract Years, or (ii) you make a partial withdrawal that would result in the Annuitant's Annuity Account Value falling below [$500]. We also reserve the right to terminate this Contract if no Contributions have been made within 120 days from the Contract Date shown on Page 3 of this Contract. We will pay either the Cash Value or Annuity Account Value, as applicable, directly to the Employer or the Plan Trust if the Plan Trust is the Owner and is so authorized by the terms of the Trust Agreement to receive the Cash Value or Annuity Account Value, unless such Employer or Plan Trust, as applicable, gives us written notice at the time of termination that it requests us to make payment to the Annuitant or other person, and that such payment is permissible under the Plan. Where the Owner is the Annuitant, we will pay the Cash Value or Annuity Account Value, as applicable, to the Owner upon receipt of written notice from the Employer that the payment is permissible under the Plan. Upon payment pursuant to this Section or the fourth paragraph of Section 2.07, the amount in the Investment Options under this Contract and the Annuity Account Value with respect to this Contract shall be zero. We will be released from any and all liability for payments with respect to the Contributions from which the Annuity Account Value arose.

Termination of this Contract. Subject to any restrictions under the terms of the Plan, including, for Plans subject to Title I of ERISA, if applicable, the spousal consent rules set forth in Section 3.06, you may elect, by written notice, to terminate this Contract. In addition, termination of this the Contract is subject to the restrictions on distributions set forth in Section 2.10 of this Contract. We will determine the Cash Value as of the Transaction Date we receive your written election. The payment of such Cash Value to you may be deferred by us in accordance with the provisions of Section 4.07. Subject to the terms of the Plan, and the restrictions on distributions set forth in Section 2.10, we reserve the right to pay the Annuity Account Value under this Contract and terminate this Contract. This right may be exercised only if both (i) you made no Contributions during the last three completed Contract Years, and the Annuity Account Value is less than $500, or (ii) a partial withdrawal is made that would result in your Annuity Account Value falling below $500. We also reserve the right to terminate this Contract if no Contributions have been made within 120 months of the Contract Date shown on page 3 of this Contract. Upon payment pursuant to this Section or the fourth paragraph of Section 2.07, the amount in the Divisions and the Annuity Account Value shall be zero. We will be released from any and all liability for payments with respect to the Contributions from which the Annuity Account Value arose. If this Contract is terminated, surrendered or exchanged prior to your Retirement Date, any applicable tax charges we have paid may be deducted. If we have previously deducted charges for applicable taxes from Contributions pursuant to Section 2.01, we will not again deduct charges for the same taxes on terminations, unless a change in applicable law has occurred with respect to your Contract.

Termination of this Contract. Subject to any restrictions under the terms of the Plan, including, for Plans subject to Title I of ERISA, if applicable, the spousal consent rules set forth in Section 3.06, you may elect, by written notice, to terminate this Contract. In addition, termination of this the Contract is subject to the restrictions on distributions set forth in Section 2.10 of this Contract. We will determine the Cash Value as of the Transaction Date we receive your written election. The payment of such Cash Value to you may be deferred by us in accordance with the provisions of Section 4.07. Subject to the terms of the Plan, and the restrictions on distributions set forth in Section 2.10, we reserve the right to pay the Annuity Account Value under this Contract and terminate this Contract. This right may be exercised only if both (i) you made no Contributions during the last three completed Contract Years, and the Annuity Account Value is less than $500, or (ii) a partial withdrawal is made that would result in your Annuity Account Value falling below $500. We also reserve the right to terminate this Contract if no Contributions have been made within 120 months days of the Contract Date shown on page 3 of this Contract. Upon payment pursuant to this Section or the fourth paragraph of Section 2.07, the amount in the Divisions and the Annuity Account Value shall be zero. We will be released from any and all liability for payments with respect to the Contributions from which the Annuity Account Value arose. If this Contract is terminated, surrendered or exchanged prior to your Retirement Date, any applicable tax charges we have paid may be deducted. If we have previously deducted charges for applicable taxes from Contributions pursuant to Section 2.01, we will not again deduct charges for the same taxes on terminations, unless a change in applicable law has occurred with respect to your Contract.

Termination of this Contract. Subject to any restrictions under On or before the terms of Retirement Date, and while the Plan, including, for Plans subject to Title I of ERISA, if applicable, the spousal consent rules set forth in Section 3.06Annuitant is alive, you may elect, elect by written notice, notice to terminate this Contract. In addition, termination of this Contract is subject to the restrictions on distributions set forth in Section 2.10 of this Contract. We will determine the Cash Value under this Contract as of the Transaction Date Date. Such cash value will be subject to the termination charge described below: If you terminate this Contract, we receive will pay you the greater of (i) the Annuity Account Value after the withdrawal charge has been imposed as described in 2.08, or (ii) the Free Corridor amount, plus 94% of your written electionremaining Annuity Account Value. For purposes of calculating the Withdrawal Charge, (1) the oldest Contribution will be treated as the first withdrawn and the most recent Contributions will be treated next, and (2) amounts withdrawn up to the Free Corridor Amount will not be considered a withdrawal of any of your Contributions. No Withdrawal Charge will be applied if the amount withdrawn is applied to the election of a life annuity distribution option, or if the Annuitant dies and the death benefit is withdrawn by the beneficiary specified to us. If this Contract is terminated prior to the Retirement Date, any applicable tax charges we have paid may be deducted. If we have previously deducted charges for applicable taxes from Contributions pursuant to Section 2.01, we will not again deduct charges for the same taxes on termination, unless a change in applicable law has occurred with respect to this Contract. The payment of such Cash Value to you may be deferred by us in accordance with the provisions of Section 4.074.05. Subject If no tax has been previously deducted or if such a tax is due at termination, we will deduct the amount due. Prior to the terms of the Plan, and the restrictions on distributions set forth in Section 2.10Retirement Date, we reserve the right to pay the Annuity Account Value under this Contract and terminate this Contract. This right may be exercised only Contract if both (i) you made no Contributions are made during the last three completed Contract Years, and the Annuity Account Value is less than $500, or (ii) a partial withdrawal is made that would result in your after three Contract Years and the Annuity Account Value falling below is less than $500. We also reserve the right to terminate this Contract if no Contributions have been made within 120 months days of the Contract Date shown on page Page 3 of this Contract. Upon payment pursuant to this Section or the fourth paragraph of Section 2.07, the amount in the Divisions and the Annuity Account Value shall be zero. We will be released from any and all liability for payments with respect to the Contributions from which the Annuity Account Value arose. If this Contract is terminated, surrendered or exchanged prior to your Retirement Date, any applicable tax charges we have paid may be deducted. If we have previously deducted charges for applicable taxes from Contributions pursuant to Section 2.01, we will not again deduct charges for the same taxes on terminations, unless a change in applicable law has occurred with respect to your Contract.