Change of Contract. 11.1. The present contract comes into force from the moment of payment of the registration fee by the Swim Participant.
Change of Contract. No change in this contract is valid unless it is made in writing and signed by our President and Secretary.
Change of Contract. Only our authorized officers may change the terms of this Contract. We will notify the Group Contract Holder in writing at least 30 days before the effective date of any change. Any change will not affect the amount or terms of any Annuity which begins before the change. We may make any change that affects the AG Account Market Value Adjustment with at least thirty (30) days' advance written notice to the Group Contract Holder and the Certificate Holder. Any such change shall become effective for any new guaranteed term and will apply to all present and future Certificate Holders' Accounts. We reserve the right to change the terms of the Systematic Withdrawal Option for future elections and discontinue the availability of this option. Any change to any of the following provisions under this Contract will not apply to Certificate Holder's Accounts in existence before the effective date of the change:
(a) Net Purchase Payment (1.23) (b) AG Account Guaranteed Interest Rate (7.01)
Change of Contract. Only an authorized officer of GALIC may change the terms of this Contract. GALIC will notify the Contract Holder in writing at least 30 days before the effective date of any change. Any change will not affect the amount or terms of any Annuity Payout Option which begins before the change. GALIC may make any change that affects the Market Value Adjustment (SEE SECTION III- MARKET VALUE ADJUSTMENT) with at least 30 days advance written notice to the Contract Holder. Any such change shall become effective for any new Guaranteed Term and will apply to all present and future Accounts. Any change that affects any of the following under this Contract will not apply to Accounts in existence before the effective date of the change: The following will not be changed:
(a) Account Value (b) Guaranteed Rates - Fixed Account (c) Purchase Payment (d) Withdrawal Value (e) Transfers (f) Net Investment Factor(s) - Separate Account (SEE SECTION III) (g) Minimum Guaranteed Interest Rates (SEE SECTION V) (h) Annuity Unit Value - Separate Account (SEE SECTION V) (i) Annuity Payout Options (SEE SECTION V). Any change that affects the Annuity Payout Options and the tables for the Annuity Payout Options may be made:
(a) No earlier than 12 months after the Account Effective Date; and (b) No earlier than 12 months after the effective date of any prior change.
2.01 CHANGE OF CONTRACT (CONT'D): Any Account established on or after the effective date of any change will be subject to the change. If the Contract Holder does not agree to any change under this provision, no new Accounts may be established under the Contract. The Contract may also be changed as deemed necessary by GALIC to comply with federal or state law.
Change of Contract. The Company keeps the right to change this Contract to meet the requirements of the Investment Company Act of 1940 or other applicable federal or state laws or regulations.
Change of Contract. Only an ALIAC officer at the level of Vice President or higher, or an officer with written delegation of authority from a Vice President or higher officer, may change the terms of this Contract. No other ALIAC officer, employee, agent or representative can change this Contract. Except as noted below, this Contract may be changed at any time by written mutual agreement between the Contract Holder and ALIAC (or for Contracts funded solely by employee Contributions, the Participant). For changes we initiate requiring Contract Holder or Participant consent, we notify the Contract Holder 60 calendar days in advance of the change and consider that the Contract Holder or Participant has agreed to the change unless we receive written notice that the Contract Holder or Participant does not agree to the change at least 30 calendar days before the date the change becomes effective. If we propose a change requiring Contract Holder or Participant consent and the Contract Holder or Participant does not agree to the change, we have the right to not establish new Individual Accounts and to stop accepting Contributions to existing Individual Accounts. We will not reduce the minimum guaranteed interest rate for the Fixed Account and the Fixed Plus Account. We have the right to change the following without Contract Holder or Participant consent:
(a) Net Investment Factor (see 3.06) We may change the net investment factor by notifying the Contract Holder or Participant in writing at least 30 calendar days before the change becomes effective. If we do this, the change will apply only to Individual Accounts established, and Contributions received, after the date the change becomes effective.
(b) Guaranteed Accumulation Account (GAA) market value adjustment (see 7.09) We may change the GAA market value adjustment by notifying the Contract Holder or Participant in writing at least 90 calendar days before the change becomes effective. If we do this, the change will apply only to guaranteed terms offered in deposit periods after the date the change becomes effective.
(c) Systematic Distribution Options (see 8.
Change of Contract. 9 Section 3. Ownership......................................................
Change of Contract. 1.08 Payments ........................................................ 1.09
Change of Contract. The Company reserves the right to make any change to the provisions of the Contract to comply with or give the Participant the benefit of any federal or state statute, rule or regulation. This includes, but is not limited to, requirements for annuity contracts under the Internal Revenue Code or the laws of any state. The Company will provide the Owner with a copy of any such change and will also file such a change with the insurance regulatory officials of the state in which the Contract is delivered. In addition, upon at least 30 days written notice to the Owner, the Company may make other changes to this Contract that will apply only to individuals who become Participants after the effective date of such change. All such changes will be subject to any applicable regulatory requirements. FUTURE PARTICIPANTS The Company may in its discretion curtail or prohibit new Participants under the Contract upon written notice to the Owner. MISSTATEMENT OF AGE OR SEX If the age or sex of the Participant has been misstated, payments shall be adjusted, when allowed by law, to the amount which would have been provided for the correct age or sex. Proof of the age of the Participant may be required at any time, in a form suitable to the Company. If payments have already commenced and the misstatement has caused an underpayment, the full amount due will be paid with the next scheduled payment. If the misstatement has caused an overpayment, the amount due will be deducted from one or more future payments. EVIDENCE OF SURVIVAL When any payments under this Contract depend on the payee being alive on a given date, proof that the payee is living may be required by the Company. Such proof must be in a form accepted by the Company, and may be required prior to making the payments. ASSIGNMENT This Contract cannot be sold, assigned, discounted, or pledged as collateral for a loan or as security for the performance of an obligation. The benefits, values, and rights under the Contract are not subject to any creditor claims to the fullest extent permitted by law. The Contract and its rights cannot be transferred to anyone other than the Company, except as provided under the Plan or under a domestic relations order properly issued by a court of competent jurisdiction and that complies with ERISA, if applicable. To the extent permitted by the Internal Revenue Code and applicable law, the Company will make a Full or Partial Withdrawal payable to a third party upon the Participant's reque...
Change of Contract. Aetna reserves the right to change the terms of (Cont'd): the Systematic Withdrawal Option (
