Common use of DEFERMENT OF BENEFIT PAYMENTS Clause in Contracts

DEFERMENT OF BENEFIT PAYMENTS. The Company reserves the right to defer determination of the contract values of this contract, or the payment of benefits under a variable payment plan, until after the end of any period during which the right to redeem shares of a Portfolio is suspended, or payment of the redemption value is postponed. Any deferment would be in accordance with the provisions of the investment Company Act of 1940 by reason of closing of, or restriction of trading on, the New York Stock Exchange, or other emergency, or as otherwise permitted by the Act. In addition, the Company reserves the right to defer payment of contract values until seven days after the end of any deferment in the determination of contract values.

DEFERMENT OF BENEFIT PAYMENTS. The Company reserves the right to defer determination of the contract values withdrawal value of this contract, or the payment of benefits under a variable payment planbenefits, until after the end of any period during which the right to redeem shares of a Portfolio Fund is suspended, or payment of the redemption value is postponed. Any deferment would be in accordance with the provisions of the investment Investment Company Act of 1940 by reason of closing of, or restriction of trading on, the New York Stock Exchange, or other emergency, or as otherwise permitted by the Act. In addition, the Company reserves the right to defer payment of contract values the withdrawal value until seven days after the end of any deferment in the determination of contract values.

DEFERMENT OF BENEFIT PAYMENTS. The Company reserves the right to defer determination of the contract values of this contract, or the and payment of contract benefits and payments under a variable payment plan, plan until after the end of any period during which the right to redeem shares of a Portfolio Fund is suspended, or during which payment of the redemption value is postponed. Any deferment would be in accordance with the provisions of the investment Investment Company Act of 1940 by reason of the closing of, or the restriction of trading on, the New York Stock Exchange, or other emergency, or as otherwise permitted by the Act. In addition, the Company reserves the right to defer payment of contract redemption values until seven days after the end of any a deferment in the determination of contract values.

DEFERMENT OF BENEFIT PAYMENTS. The Company reserves the right to defer determination of the contract values of this contract, or the payment of benefits under a variable payment plan, until after the end of any period during which the right to redeem shares of a Portfolio is suspended, or payment of the redemption value is postponed. Any deferment would be in accordance with the provisions of the investment lnvestment Company Act of 1940 by reason of closing of, or restriction of trading on, the New York Stock Exchange, or other emergency, or as otherwise permitted by the Act. In addition, the Company reserves the right to defer payment of contract values until seven days after the end of any deferment in the determination of contract values.

DEFERMENT OF BENEFIT PAYMENTS. The Company reserves the right to defer determination of the contract values of this contract, or the payment of benefits under a variable payment plan, until after the end end, of any period during which the right to redeem shares of a Portfolio is suspended, or payment of the redemption value is postponed. Any deferment would be in accordance with the provisions of the investment Investment Company Act of 1940 by reason of closing of, or restriction of or trading on, the New York Stock Exchange, or other emergency, or as otherwise permitted by the Act. In addition, the Company reserves the right to defer payment of contract values until seven days after the end of any deferment in the determination of contract values.

DEFERMENT OF BENEFIT PAYMENTS. The Company reserves the right to defer determination of the contract values cash or withdrawal value of this contract, or the payment of benefits under a variable payment plan, until after the end of any period during which the right to redeem shares of a Portfolio Fund is suspended, or payment of the redemption value is postponed. Any deferment would be in accordance with the provisions of the investment Investment Company Act of 1940 by reason of closing of, or restriction of trading on, the New York Stock Exchange, or other emergency, or as otherwise permitted by the Act. In addition, the Company reserves the right to defer payment of contract values the cash or withdrawal value until seven days after the end of any deferment in the determination of contract values.