Common use of FUNDING PHASE Clause in Contracts

FUNDING PHASE. The funding phase for the Certificate Owner(s) starts on the Certificate Date. During the funding phase the Certificate Owner(s) may contribute to the Account to accumulate assets for retirement or other purposes. The Contract Owner is responsible for managing the Account. The Account must be managed in accordance with the asset allocation model(s) as shown on the Data Pages. The Certificate Owner(s) may take Withdrawals from the Account at any time in any amount. However, Withdrawals before the younger of the Participant or any Joint Participant reaches the withdrawal age as shown on the Data Pages, will reduce the Withdrawal Guarantee. On or after the withdrawal age as shown on the Data Pages, Withdrawals within Certificate limitations will not reduce the Withdrawal Guarantee.

FUNDING PHASE. The funding phase for the Certificate Owner(s) starts on the Certificate Date. During the funding phase the Certificate Owner(s) you may contribute to the Account to accumulate assets for retirement or other purposes. The Contract Owner is responsible for managing the Account. The Account must be managed in accordance with using the asset allocation model(s) as shown on in the Data Pages. The Certificate Owner(s) You may take Withdrawals from the Account at any time in any amountas permitted by the Contract Owner. However, Withdrawals before the younger of the Participant or any younger Joint Participant reaches the withdrawal age as shown on the Data Pages, will reduce the Withdrawal Guarantee. On or after the withdrawal age as shown on the Data Pages, Withdrawals within Certificate limitations will not reduce the Withdrawal Guarantee.