Plan Termination or Discontinuance of Deposits and Transfers. You may elect at any time to not permit additional allocations to Eligible Investments. Any such election shall not affect Our guarantees with regard to amounts allocated to Eligible Investments on the date You make such election unless You make the election in the next sentence. Under such terms as We may require, You may discontinue this Rider at any time and direct Us to transfer the market value of amounts allocated to Eligible Investments for the benefit of each Participant B[or Eligible Spouse] to another Plan investment option selected by You. In such event, each Participant’s B[or Eligible Spouse’s] Guaranteed Withdrawal Account will be cancelled and no further benefits will be provided to any Participant B[or Eligible Spouse] under this Rider.
Appears in 3 contracts
Samples: Investment Agreement (Priac Variable Contract Account A), Investment Agreement (Priac Variable Contract Account A), Investment Agreement (Priac Variable Contract Account A)
Plan Termination or Discontinuance of Deposits and Transfers. You may elect at any time to not permit additional allocations to Eligible Investments. Any such election shall not affect Our guarantees with regard to amounts allocated to Eligible Investments on the date You make such election unless You make the election in the next sentence. Under such terms as We may require, You may discontinue this Rider at any time and direct Us to transfer the market value of amounts allocated to Eligible Investments for the benefit of each Participant B[or [or Eligible Spouse] to another Plan investment option selected by You. In such event, each Participant’s B[or [or Eligible Spouse’s] Guaranteed Withdrawal Account will be cancelled and no further benefits will be provided to any Participant B[or [or Eligible Spouse] under this Rider.. GA-2060-TGWB-0805
Appears in 2 contracts
Samples: Investment Agreement (Priac Variable Contract Account A), Investment Agreement (Priac Variable Contract Account A)