Common use of Allocation of Contributions Clause in Contracts

Allocation of Contributions. Participant Contributions will be allocated to the Divisions and Sub-Accounts according to the percentages requested by the Participant. The percentages must be whole numbers and may be changed on an unlimited basis. You or the Participant shall notify LL&A in a form acceptable to LL&A of such changes. Upon receipt by LL&A, the change will be effective for all Contributions received concurrently with the allocation change form and for all future Contributions.

Appears in 4 contracts

Samples: Group Variable Annuity Contract (Lincoln Life & Annuity Var Ann Sep Acct L Group Var Ann Ii), Group Variable Annuity Contract (Lincoln Life & Annuity Var Ann Sep Acct L Group Var Ann Ii), Group Variable Annuity Contract (Lincoln Life & Annuity Var Ann Sep Acct L Group Var Ann Iii)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!