Common use of ACCUMULATION UNITS Clause in Contracts

ACCUMULATION UNITS. Each CREF account maintains a separate accumulation unit value. The current value of each account's accumulation unit is based on the market value of that account's investments, and will be determined in accordance with the Rules of the Fund. The number of accumulation units in any account under the contract will be increased and decreased in accordance with the Rules of the Fund. The number will be increased if: A) premiums are allocated to that account under the contract; or B) internal transfers to that account under the contract are made from another CREF account or from the companion TIAA contract, if any; and the number will be decreased if: C) any premium taxes are deducted from that account; or D) any employer plan fee withdrawals are deducted from that account; or E) any amounts forfeited as described in section 12; or F) any accumulation units from that account are deducted to provide any available form of benefit payments as described in Part C; or G) internal transfers are made out of that account; or H) any minimum distribution payments are paid from that account. Any amounts added to or deducted from an account will be attributed to individual employee’s accumulations, as applicable, in accordance with the terms of the employer plan.

ACCUMULATION UNITS. Each CREF account maintains a separate accumulation unit value. The current value of each account's ’s accumulation unit is based on the market value of that account's ’s investments, and will be determined in accordance with the Rules of the Fund. The number of accumulation units in any account under the contract will be increased and decreased in accordance with the Rules of the Fund. The number will be increased if: A) premiums are allocated to that account under the contract; or B) internal transfers to that account under the contract are made from another CREF account or from the companion TIAA contract, if any; and the number will be decreased if: C) any premium taxes are deducted from that account; or D) any employer plan fee withdrawals are deducted from that account; or E) any amounts forfeited as described in section 1210; or F) any accumulation units from that account are deducted to provide any available form of benefit payments as described in Part C; or G) internal transfers are made out of that account; or H) any minimum distribution payments are paid from that account. Any amounts added to or deducted from an account will be attributed to individual employee’s accumulations, as applicable, in accordance with the terms of the employer plan.

ACCUMULATION UNITS. Each CREF account maintains a separate accumulation unit value. The current value of each account's ’s accumulation unit is based on the market value of that account's ’s investments, and will be determined in accordance with the Rules of the Fund. The number of accumulation units in any account under the contract will be increased and decreased in accordance with the Rules of the Fund. The number will be increased if: A) premiums are allocated to that account under the contract; or B) internal transfers to that account under the contract are made from another CREF account or from the companion TIAA contract, if any; and the number will be decreased if: C) any premium taxes are deducted from that account; or D) any employer plan fee withdrawals are deducted from that account; or E) any amounts forfeited as described in section 1210; or F) any accumulation units from that account are deducted to provide any available form of benefit payments as described in Part C; or G) internal transfers are made out of that account; or H) any minimum distribution payments are paid from that account. Any amounts added to or deducted from an account will be attributed to individual employee’s accumulations, as applicable, in accordance with the terms instructions of the employer plancontractholder.

ACCUMULATION UNITS. Each CREF account maintains a separate accumulation unit value. The current value of each account's ’s accumulation unit is based on the market value of that account's ’s investments, and will be determined in accordance with the Rules of the Fund. The number of accumulation units in any account under the contract will be increased and decreased in accordance with the Rules of the Fund. The number will be increased if: A) premiums are allocated to that account under the contract; or B) internal transfers to that account under the contract are made from another CREF account or from the companion TIAA contract, if any; and the number will be decreased if: C) any premium taxes are deducted from that account; or D) any employer plan fee withdrawals are deducted from that account; or E) any amounts forfeited as described in section 12; or F) any accumulation units from that account are deducted to provide any available form of benefit payments as described in Part C; or G) internal transfers are made out of that account; or H) any minimum distribution payments are paid from that account. Any amounts added to or deducted from an account will be attributed to individual employee’s accumulations, as applicable, in accordance with the terms of the employer plan.

ACCUMULATION UNITS. Each CREF account maintains a separate accumulation unit value. The current value of each account's ’s accumulation unit is based on the market value of that account's ’s investments, and will be determined in accordance with the Rules of the Fund. The number of accumulation units in any account under the contract will be increased and decreased in accordance with the Rules of the Fund. The number will be increased if: A) premiums are allocated to that account under the contract; or B) internal transfers to that account under the contract are made from another CREF account or from the companion TIAA contract, if any; and the number will be decreased if: C) any premium taxes are deducted from that account; or D) any employer plan fee withdrawals are deducted from that account; or E) any amounts forfeited as described in section 1274; or F) any accumulation units from that account are deducted to provide any available form of benefit payments as described in Part C; or G) internal transfers are made out of that account; or H) any minimum distribution payments are paid from that account. Any amounts added to or deducted from an account will be attributed to individual employee’s accumulations, as applicable, in accordance with the terms instructions of the employer plancontractholder.

ACCUMULATION UNITS. Each CREF account maintains a separate accumulation unit value. The current value of each account's accumulation unit is based on the market value of that account's investments, and will be determined in accordance with the Rules of the Fund. The number of accumulation units in any account under the contract will be increased and decreased in accordance with the Rules of the Fund. The number will be increased if: A) premiums are allocated to that account under the contract; or B) internal transfers to that account under the contract are made from another CREF account or from the companion TIAA contract, if any; and the number will be decreased if: C) any premium taxes are deducted from that account; or D) any employer plan fee withdrawals are deducted from that account; or E) any amounts forfeited as described in section 12; or F) any accumulation units from that account are deducted to provide any available form of benefit payments as described in Part C; or GF) internal transfers are made out of that account; or HG) any minimum distribution payments are paid from that account. Any amounts added to or deducted from an account will be attributed to individual employee’s accumulations, as applicable, accumulations in accordance with the terms instructions of the employer plancontractholder.