Common use of CONTINGENT DEFERRED SALES Clause in Contracts

CONTINGENT DEFERRED SALES. CHARGE (CDSC): The following schedule of CDSC shall apply to all Withdrawal Amounts. (a) WHEN A WITHDRAWAL IS REQUESTED AND ONE OR THE CDSC WILL MORE OF THE FOLLOWING CONDITIONS IS MET: EQUAL: The Participant has died 0% The Participant has incurred a disability for 0% which he is receiving Social Security payments The Participant has attained age fifty-nine 0% and one-half (59 1/2) The Participant has separated from service 0% with the Contractholder and is age fifty-five (55) The Participant has separated from service 0% with the Contractholder The Participant has demonstrated a financial 0% hardship need The Participant has requested a withdrawal 0% which will not exceed twenty percent (20%) of his Participant's Account Balance and no other withdrawal has been made in that calendar year (b) For all other amounts subject to a CDSC, the CDSC will be in accordance with the schedule below: During Participation Year CDSC Percent 1-5 6% 6-10 3% 11-15 1% 16+ 0% Lincoln Life requires reasonable proof necessary to verify that the withdrawal meets the conditions described above in Section 7.6(a) and such proof must be submitted with the withdrawal request. If You or the Participant do not furnish the proof requested by Xxxxxxx Life, the CDSC stated in Section 7.6(b) shall apply. The CDSC on any withdrawal may be reduced or eliminated but only to the extent that Lincoln Life anticipates that it will incur lower sales expenses or perform fewer sales services due to economies arising from (i) the size of the particular group, (ii) an existing relationship with the Contractholder, (iii) the utilization of mass enrollment procedures, or (iv) the performance of sales functions by the Contractholder or an employee organization which Lincoln Life would otherwise be required to perform. In no event will the CDSC, when added to any CDSC previously imposed due to a Participant withdrawal, exceed eight and one-half percent (8.5%) of the cumulative Contributions to a Participant's Account.

CONTINGENT DEFERRED SALES. CHARGE (CDSC): The following schedule of CDSC shall apply to all Withdrawal Amounts. (a) WHEN A WITHDRAWAL IS THE CDSC WILL REQUESTED AND ONE OR THE CDSC WILL MORE OF EQUAL: THE FOLLOWING CONDITIONS IS MET: EQUAL: The Participant has died 0% The Participant has incurred a disability for 0% which he is receiving Social Security payments The Participant has attained age fifty-nine 0% and one-half (59 1/2) The Participant has separated from service 0% with the Contractholder and is age fifty-five (55) The Participant has separated from service 0% with the Contractholder The Participant has demonstrated a financial 0% hardship need The A Participant has requested a withdrawal 0% which will not exceed twenty percent (20%) of his Participant's Account Balance and no other withdrawal has been made in that calendar year (b) For all other amounts subject to a CDSC, the CDSC will be in accordance with the schedule below: During Participation Year CDSC Percent 1-5 equal 6% 6-10 3% 11-15 1% 16+ 0% Lincoln Life UNUM requires reasonable proof necessary to verify that the withdrawal meets the conditions described above in Section 7.6(a) and such proof must be submitted with the withdrawal request. If You or the Participant do not furnish the proof requested by Xxxxxxx LifeUNUM, the CDSC stated in Section 7.6(b) shall apply. The CDSC on any withdrawal may be reduced or eliminated but only to the extent that Lincoln Life UNUM anticipates that it will incur lower sales expenses or perform fewer sales services due to economies arising from (i) the size of the particular group, (ii) an existing relationship with the Contractholder, (iii) the utilization of mass enrollment procedures, or (iv) the performance of sales functions by the Contractholder or an employee organization which Lincoln Life UNUM would otherwise be required to perform. In no event will the CDSC, when added to any CDSC previously imposed due to a Participant withdrawal, exceed eight and one-half percent (8.5%) of the cumulative Contributions to a Participant's Account.

CONTINGENT DEFERRED SALES. CHARGE (CDSC): The following schedule of CDSC shall apply to all Withdrawal Amounts. (a) WHEN A WITHDRAWAL IS REQUESTED THE CDSC WILL AND ONE OR THE CDSC WILL MORE OF THE EQUAL: FOLLOWING CONDITIONS IS MET: EQUAL: The Participant has died 0% The Participant has incurred a disability for 0% which he is receiving Social Security payments The Participant has attained age fifty-nine 0% and one-half (59 1/2) The Participant has separated from service 0% with the Contractholder and is age fifty-five (55) The Participant has separated from service 0% with the Contractholder The Participant has demonstrated a financial 0% hardship need The Participant has requested a withdrawal 0% which will not exceed twenty percent (20%) of his Participant's Account Balance and no other withdrawal has been made in that calendar yearContractholder (b) For all other amounts subject to a CDSC, the CDSC will be in accordance with the schedule below: . During Participation Year CDSC Percent 1-5 6% 6-10 3% 11-15 1% 16+ 0% Lincoln Life UNUM requires reasonable proof necessary to verify that the withdrawal meets the conditions described above in Section 7.6(a) and such proof must be submitted with the withdrawal request. If You or the Participant do not furnish the proof requested by Xxxxxxx LifeUNUM, the CDSC stated in Section 7.6(b) shall apply. The CDSC on any withdrawal may be reduced or eliminated but only to the extent that Lincoln Life UNUM anticipates that it will incur lower sales expenses or perform fewer sales services due to economies arising from (i) the size of the particular group, (ii) an existing relationship with the Contractholder, (iii) the utilization of mass enrollment procedures, or (iv) the performance of sales functions by the Contractholder or an employee organization which Lincoln Life UNUM would otherwise be required to perform. In no event will the CDSC, when added to any CDSC previously imposed due to a Participant withdrawal, exceed eight and one-half percent (8.5%) of the cumulative Contributions to a Participant's Account.

CONTINGENT DEFERRED SALES. CHARGE (CDSC): The following schedule of CDSC shall apply to all Withdrawal Amounts. (a) WHEN A WITHDRAWAL IS REQUESTED AND ONE OR THE CDSC WILL EQUAL: MORE OF THE FOLLOWING CONDITIONS IS MET: EQUAL: The Participant has died 0% The Participant has incurred a disability for 0% which he is receiving Social Security payments The Participant has attained age fifty-nine 0% and one-half (59 1/2) The Participant has separated from service 0% with the Contractholder and is age fifty-five (55) The Participant has separated from service 0% with the Contractholder The Participant has demonstrated a financial 0% hardship need The Participant has requested a withdrawal 0% which will not exceed twenty percent (20%) of his Participant's Account Balance and no other withdrawal has been made in that calendar year (b) For all other amounts subject to a CDSC, the CDSC will be in accordance with the schedule below: . During Participation Year CDSC Percent 1-5 66 5% 6-10 7 4% 8 3% 11-15 9 2% 10 1% 16+ 11 and later 0% Lincoln Life requires reasonable proof necessary to verify that the withdrawal meets the conditions described above in Section 7.6(a) and such proof must be submitted with the withdrawal request. If You or the Participant do not furnish the proof requested by Xxxxxxx Life, the CDSC stated in Section 7.6(b) shall apply. The CDSC on any withdrawal may be reduced or eliminated but only to the extent that Lincoln Life anticipates that it will incur lower sales expenses or perform fewer sales services due to economies arising from (i) the size of the particular group, (ii) an existing relationship with the Contractholder, (iii) the utilization of mass enrollment procedures, or (iv) the performance of sales functions by the Contractholder or an employee organization which Lincoln Life would otherwise be required to perform. In no event will the CDSC, when added to any CDSC previously imposed due to a Participant withdrawal, exceed eight and one-half percent (8.5%) of the cumulative Contributions to a Participant's Account.