Common use of CHARGE FOR PARTIAL AND TOTAL SURRENDERS Clause in Contracts

CHARGE FOR PARTIAL AND TOTAL SURRENDERS. A partial or total surrender of a Participant's Account may be subject to a surrender charge. The surrender charge is equal to the lesser of 5% of (a) any Purchase Payment received for the Participant's Account during the most recent 60 months prior to receipt of the surrender request by VALIC at its Home Office, or (b) the amount of the surrender. It is always assumed that the most recent Purchase Payments are withdrawn first, and no surrender charge is ever imposed on any amount not actually withdrawn. If no Purchase Payments have been received during the most recent 60 months or if the Participant's Account has been in effect for 15 years or longer, there will be no charge for partial or total surrenders under that account. There is no surrender charge if the Participant Account has been in effect for 5 years or longer and the Participant has attained age 59 1/2. Up to 10% of the Accumulation Value in any Certificate Year may be withdrawn without a surrender charge. The surrender charge will be applicable only to the amount withdrawn that exceeds 10%. The percentage withdrawn will be calculated as the ratio of the amount withdrawn to the Accumulation Value immediately prior to the withdrawal. If multiple withdrawals are made in a Certificate Year, the percentage withdrawn for each withdrawal will be added together to determine the 10% free withdrawal portion. Once a surrender charge has been imposed on any Purchase Payment, that payment or portion thereof will not thereafter be treated as a Purchase Payment for purposes of the charge. The surrender charge is not imposed upon annuitization at the Annuity Date upon any payments received by an Annuitant or Beneficiary in lieu of annuity payments during the Annuity Period, or upon payments to a Beneficiary when a Participant dies during the Accumulation Period. There is no surrender charge if the Participant is eligible for and has qualified to receive Social Security disability benefits. VALIC may ask for proof of disability. Proof of disability will be made by sending VALIC a certified copy of a Social Security Administration determination of disability. The amount payable upon full surrender in the case of disability will be the Accumulation Value on the date VALIC receives due proof of disability. VALIC may reduce the surrender charge under this Section.

CHARGE FOR PARTIAL AND TOTAL SURRENDERS. A total or partial or total surrender of a Participant's Account may be subject to a surrender charge. The surrender charge is equal to the lesser of 5% of (a) any Purchase Payment received for the Participant's Account during the most recent 60 months prior to receipt Surrender Charge calculated as a percentage of the surrender request by VALIC at its Home Office, or (b) the dollar amount of previous Purchase Payments under the surrenderContract which are withdrawn. It is always assumed that the most recent Purchase Payments are withdrawn first, and no surrender charge Surrender Charge is ever imposed on any amount not actually withdrawn. If no Amounts transferred to this Contract from other variable annuity contracts issued by VALIC will not be considered Purchase Payments have been for purposes of calculating the Surrender Charge. The Surrender Charge is equal to 5% of any Purchase Payment received during the most recent 60 36 months prior to the receipt of the surrender request by VALIC at its Home Office. The first partial surrender per Contract Year of 10% or less of Accumulation Value will not be subject to a Surrender Charge. However, if the Participant's Account has been in effect for 15 years or longer, there will be no charge for first partial or total surrenders under that account. There is no surrender charge if the Participant Account has been in effect for 5 years or longer and the Participant has attained age 59 1/2. Up to exceeds 10% of Accumulation Value, the Accumulation Value in any Certificate Year may be withdrawn without a surrender charge. The surrender charge Surrender Charge will be applicable only applied to the amount withdrawn that exceeds in excess of 10%. The percentage withdrawn second or any subsequent surrenders during a Contract Year will be calculated as the ratio of the amount withdrawn subject to the Accumulation Value immediately prior to the withdrawal. If multiple withdrawals are made in a Certificate Year, the percentage withdrawn for each withdrawal will be added together to determine the 10% free withdrawal portionSurrender Charge. Once a surrender charge Surrender Charge has been imposed on any Purchase PaymentPayment or portion thereof, that payment Purchase Payment or portion thereof will not thereafter be treated considered as a Purchase Payment for purposes of calculating the chargeSurrender Charge. The surrender charge Surrender Charge is not imposed upon annuitization of the Contract (except in limited cases where the Fifth Option is selected and the right to surrender after annuitization is exercised) at the Annuity Date or upon any payments received by an Annuitant or Beneficiary in lieu of annuity payments Annuity Payments during the Annuity Period, or upon payments . The Surrender Charge is not imposed on the payment of benefits to a Beneficiary when a Participant an Annuitant dies during the Accumulation Period. There is no surrender charge if the Participant is eligible for and has qualified to receive Social Security disability benefits. VALIC may ask for proof of disability. Proof of disability will be made by sending VALIC a certified copy of a Social Security Administration determination of disability. The amount payable upon full surrender in the case of disability will be the Accumulation Value on the date VALIC receives due proof of disability. VALIC may reduce the surrender charge under this Section.

CHARGE FOR PARTIAL AND TOTAL SURRENDERS. A partial or total surrender of a Participant's Account may be subject to a surrender charge. The surrender charge is equal to the lesser of 5% of (a) any Purchase Payment received for the Participant's Account during the most recent 60 months prior to receipt of the surrender request by VALIC at its Home Office, or (b) the amount of the surrender. It is always assumed that the most recent Purchase Payments are withdrawn first, and no surrender charge is ever imposed on any amount not actually withdrawn. If no Purchase Payments have been received during the most recent 60 months or if the Participant's Account Contract has been in effect for 15 years or longer, there will be no charge for partial or total surrenders under that accountsurrenders. There is no surrender charge if the Participant Account Contract has been in effect for 5 years or longer and the Participant Annuitant has attained age 59 1/2. Up to 10% of the Accumulation Value in any Certificate Contract Year may be withdrawn without a surrender charge. The surrender charge will be applicable only to the amount withdrawn that exceeds 10%. The percentage withdrawn will be calculated as the ratio of the amount withdrawn to the Accumulation Value immediately prior to the withdrawal. If multiple withdrawals are made in a Certificate Contract Year, the percentage withdrawn for each withdrawal will be added together to determine the 10% free withdrawal portion. Once a surrender charge has been imposed on any Purchase Payment, that payment or portion thereof will not thereafter be treated as a Purchase Payment for purposes of the charge. The surrender charge is not imposed upon annuitization at the Annuity Date upon any payments received by an Annuitant or Beneficiary in lieu of annuity payments during the Annuity Period, or upon payments to a Beneficiary when a Participant an Annuitant dies during the Accumulation Period. There is no surrender charge if the Participant Annuitant is eligible for and has qualified to receive Social Security disability benefits. VALIC may ask for proof of disability. Proof of disability will be made by sending VALIC a certified copy of a Social Security Administration determination of disability. The amount payable upon full surrender in the case of disability will be the Accumulation Value on the date VALIC receives due proof of disability. VALIC may reduce the surrender charge under this Section.