Common use of Number of Accumulation Units Clause in Contracts

Number of Accumulation Units. The number of accumulation units in an Investment Account under this contract will be increased by: A) any premiums allocated to that Investment Account; and B) any internal transfers made to that Investment Account; and will be decreased by: C) the application of any accumulations in that Investment Account to provide any available form of benefit payments as described in Part E; D) any internal transfers from the accumulation in that Investment Account to the Traditional Annuity, another Investment Account, or the companion CREF contract; E) any amounts forfeited as described in section 43; F) any premium taxes incurred by TIAA for that Investment Account in this contract; G) any employer plan fee withdrawals from that Investment Account; and H) any minimum distribution payments paid from that Investment Account. The increase or decrease in the number of accumulation units on any valuation day is equal to the net dollar value of all transactions divided by the value of the Investment Account's accumulation unit as of the end of the business day on which the transaction becomes effective.

Appears in 3 contracts

Samples: Retirement Choice Plus Annuity Contract (Tiaa Real Estate Account), Retirement Choice Annuity Contract (Tiaa Real Estate Account), Retirement Annuity Contract (Tiaa Real Estate Account)

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Number of Accumulation Units. The number of accumulation units in an Investment Account under this your contract will be increased by: A) any premiums allocated to that Investment Account; and B) any internal transfers made to that Investment Account; and will be decreased by: C) the application of any accumulations in that Investment Account to provide any available form of benefit payments as described in Part E; D) any internal transfers from the accumulation in that Investment Account to the Traditional Annuity, another Investment Account, or the companion CREF contract; E) any amounts forfeited as described in section 4342; F) any premium taxes incurred by TIAA for that Investment Account in this your contract; G) any employer plan fee withdrawals from that Investment Account; and H) any minimum distribution payments paid from that Investment Account. The increase or decrease in the number of accumulation units on any valuation day is equal to the net dollar value of all transactions divided by the value of the Investment Account's ’s accumulation unit as of the end of the business day on which the transaction becomes effective.

Appears in 2 contracts

Samples: Retirement Annuity Contract (Tiaa Separate Account Va-3), Retirement Choice Annuity Contract (Tiaa Separate Account Va-3)

Number of Accumulation Units. The number of accumulation units in an Investment Account under this contract will be increased by: A) any premiums allocated to that Investment Account; and B) any internal transfers made to that Investment Account; and will be decreased by: C) the application of any accumulations in that Investment Account to provide any available form of benefit payments as described in Part E; D) any internal transfers from the accumulation in that Investment Account to the Traditional Annuity, another Investment Account, or the companion CREF contract; E) any amounts forfeited as described in section 43; F) any premium taxes incurred by TIAA for that Investment Account in this contract; G) any employer plan fee withdrawals from that Investment Account; and H) any minimum distribution payments paid from that Investment Account. The increase or decrease in the number of accumulation units on any valuation day is equal to the net dollar value of all transactions divided by the value of the Investment Account's ’s accumulation unit as of the end of the business day on which the transaction becomes effective.

Appears in 2 contracts

Samples: Retirement Annuity Contract (Tiaa Separate Account Va-3), Retirement Choice Annuity Contract (Tiaa Separate Account Va-3)

Number of Accumulation Units. The number of accumulation units in an Investment Account under this contract will be increased by: A) any premiums allocated to that Investment Account; and B) any internal transfers made to that Investment Account; and will be decreased by: C) the application of any accumulations in that Investment Account to provide any available form of benefit payments as described in Part E; D) any internal transfers from the accumulation in that Investment Account to the Traditional Annuity, another Investment Account, or the companion CREF contract; E) any amounts forfeited as described in section 4346; F) any premium taxes incurred by TIAA for that Investment Account in this contract; G) any employer plan fee withdrawals from that Investment Account; and H) any minimum distribution payments paid from that Investment Account. The increase or decrease in the number of accumulation units on any valuation day is equal to the net dollar value of all transactions divided by the value of the Investment Account's ’s accumulation unit as of the end of the business day on which the transaction becomes effective.

Appears in 1 contract

Samples: Retirement Choice Annuity Contract (Tiaa Separate Account Va-3)

Number of Accumulation Units. The number of accumulation units in an Investment Account under this contract will be increased by: A) any premiums allocated to that Investment Account; and B) any internal transfers made to that Investment Account; and will be decreased by: C) the application of any accumulations in that Investment Account to provide any available form of benefit payments as described in Part E; D) any internal transfers from the accumulation in that Investment Account to the Traditional Annuity, another Investment Account, or the companion CREF contract; E) any amounts forfeited as described in section 4347; F) any premium taxes incurred by TIAA for that Investment Account in this contract; G) any employer plan fee withdrawals from that Investment Account; and H) any minimum distribution payments paid from that Investment Account. The increase or decrease in the number of accumulation units on any valuation day is equal to the net dollar value of all transactions divided by the value of the Investment Account's ’s accumulation unit as of the end of the business day on which the transaction becomes effective.

Appears in 1 contract

Samples: Retirement Choice Plus Annuity Contract (Tiaa Separate Account Va-3)

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Number of Accumulation Units. The number of accumulation units in an Investment Account under this your contract will be increased by: A) any premiums allocated to that Investment Account; and B) any internal transfers made to that Investment Account; and will be decreased by: C) the application of any accumulations in that Investment Account to provide any available form of benefit payments as described in Part E; D) any internal transfers from the accumulation in that Investment Account to the Traditional Annuity, another Investment Account, or the companion CREF contract; E) any amounts forfeited as described in section 43; F) any premium taxes incurred by TIAA for that Investment Account in this your contract; G) any employer plan MEP fee withdrawals from that Investment Account; and H) any minimum distribution payments paid from that Investment Account. The increase or decrease in the number of accumulation units on any valuation day is equal to the net dollar value of all transactions divided by the value of the Investment Account's accumulation unit as of the end of the business day on which the transaction becomes effective.

Appears in 1 contract

Samples: Multiple Employer Plan Retirement Choice Plus Annuity Contract (Tiaa Separate Account Va-3)

Number of Accumulation Units. The number of accumulation units in an Investment Account under this your contract will be increased by: : A) any premiums allocated to that Investment Account; and and B) any internal transfers made to that Investment Account; and will be decreased by: : C) the application of any accumulations in that Investment Account to provide any available form of benefit payments as described in Part E; ; D) any internal transfers from the accumulation in that Investment Account to the Traditional Annuity, another Investment Account, or the companion CREF contract; ; E) any amounts forfeited as described in section 43; ; F) any premium taxes incurred by TIAA for that Investment Account in this your contract; ; G) any employer plan MEP fee withdrawals from that Investment Account; and and H) any minimum distribution payments paid from that Investment Account. The increase or decrease in the number of accumulation units on any valuation day is equal to the net dollar value of all transactions divided by the value of the Investment Account's accumulation unit as of the end of the business day on which the transaction becomes effective.. PART E: BENEFIT PAYMENTS

Appears in 1 contract

Samples: Annuity Contract (Tiaa Real Estate Account)

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