Common use of DIRECT ROLLOVER OPTION Clause in Contracts

DIRECT ROLLOVER OPTION. Beginning January 1, 1993, a Participant or Beneficiary may elect this option for any distribution that qualifies as an Eligible Rollover Distribution as defined by Section 402(c) of the Internal Revenue Code and that meets all the following requirements:

Appears in 6 contracts

Samples: Lincoln National Variable Annuity Acct L GRP Var Annuity Ii, Lincoln National Variable Annuity Acct L GRP Var Annuity Ii, Va I Separate Account of Unum Life Ins Co of America

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DIRECT ROLLOVER OPTION. Beginning January 1, 1993, a Participant or Beneficiary may elect this option for any distribution that qualifies as an Eligible Rollover Distribution as defined by Section 402(c) of the Internal Revenue Code and that meets all the following requirements:

Appears in 3 contracts

Samples: Lincoln Life & Annuity Var Ann Sep Acct L Group Var Ann Ii, Lincoln Life & Annuity Var Ann Sep Acct L Group Var Ann Ii, Lincoln Life & Annuity Var Ann Sep Acct L Group Var Ann Ii

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DIRECT ROLLOVER OPTION. Beginning January 1, 1993, a Participant or Beneficiary may elect this option for any distribution that qualifies as an Eligible Rollover Distribution as defined by Section 402(c) of the Internal Revenue Code and is subject to the withdrawal limitations stated in Section 7.4 and that meets all the following requirements:

Appears in 1 contract

Samples: Lincoln Life & Annuity Var Ann Sep Acct L Group Var Ann Iii

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