Common use of Policy Owner-Level Transactions Clause in Contracts

Policy Owner-Level Transactions. The purchases, redemptions and exchanges accepted by the Agent pursuant to Section 1(a) above shall be based on: (i) Policy owner -level transactions made by or on behalf of Policy owners which are recorded on the Agent’s record-keeping system; or (ii) other authorized transaction directions received by the Agent from the Accounts which are recorded on the Agent’s record-keeping system. For purposes of this Agreement, “Policy owner-level transactions” shall include: (A) Any authorized Instruction to an Account by or on behalf of any Policy owner to invest in a VVIF Portfolio through the Account in accordance with the terms and conditions of the Policy and the VVI Fund prospectus; (B) Any authorized Instruction to an Account to exchange existing amounts held on behalf of any Policy owner to a VVIF Portfolio in accordance with the terms and conditions of the Policy and the VVI Fund prospectus; (C) Any authorized Instruction to an Account to exchange existing amounts invested in a VVIF Portfolio on behalf of any Policy owner to any other investment option offered under the Policy in accordance with the terms and conditions of the Policy and the VVI Fund prospectus; and (D) Any authorized Instruction to an Account on behalf of any Policy owner to pay withdrawal or distribution proceeds to a Policy owner from a VVIF Portfolio in accordance with the terms and conditions of the Policy and the VVI Fund prospectus.

Policy Owner-Level Transactions. The purchases, redemptions and exchanges accepted by the Agent Intermediary and the Designated UIs, if any, pursuant to Section 1(a) above shall be based on: (i) Policy owner -level owner-level transactions made by or on behalf of Policy owners which are recorded on the AgentIntermediary’s or a Designated UI’s record-keeping system; or (ii) other authorized transaction directions received by the Agent Intermediary or a Designated UI from the Accounts which are recorded on the AgentIntermediary’s or a Designated UI’s record-keeping system. For purposes of this Agreement, “"Policy owner-level transactions” " shall include:: FAS/[COMPANY] DEFINED CONTRIBUTION CLEARANCE & SETTLEMENT AGREEMENT (VVIF ONLY) 0458058 (A) Any authorized Instruction to an Account by or on behalf of any Policy owner to invest in a VVIF Portfolio through the Account in accordance with the terms and conditions of the Policy and the VVI Fund prospectus; (B) Any authorized Instruction to an Account to exchange existing amounts held on behalf of any Policy owner to a VVIF Portfolio in accordance with the terms and conditions of the Policy and the VVI Fund prospectus; (C) Any authorized Instruction to an Account to exchange existing amounts invested in a VVIF Portfolio on behalf of any Policy owner to any other investment option offered under the Policy in accordance with the terms and conditions of the Policy and the VVI Fund prospectus; and (D) Any authorized Instruction to an Account on behalf of any Policy owner to pay withdrawal or distribution proceeds to a Policy owner from a VVIF Portfolio in accordance with the terms and conditions of the Policy and the VVI Fund prospectus.

Policy Owner-Level Transactions. The purchases, redemptions and exchanges accepted by the Agent Intermediary and the Underlying Intermediaries, if any, pursuant to Section 1(a) above shall be based on: (i) Policy owner -level owner-level transactions made by or on behalf of Policy owners which are recorded on the AgentIntermediary’s or an Underlying Intermediary’s record-keeping system; or (ii) other authorized transaction directions received by the Agent Intermediary or an Underlying Intermediary from the Accounts which are recorded on the AgentIntermediary’s or an Underlying Intermediary’s record-keeping system. For purposes of this Agreement, “Policy owner-level transactions” shall include: (A) Any authorized Instruction to an Account by or on behalf of any Policy owner to invest in a VVIF Portfolio Vanguard Fund through the Account in accordance with the terms and conditions of the Policy and the VVI applicable Vanguard Fund prospectus; (B) Any authorized Instruction to an Account to exchange existing amounts held on behalf of any Policy owner to a VVIF Portfolio Vanguard Fund in accordance with the terms and conditions of the Policy and the VVI applicable Vanguard Fund prospectus; (C) Any authorized Instruction to an Account to exchange existing amounts invested in a VVIF Portfolio Vanguard Fund on behalf of any Policy owner to any other investment option offered under the Policy in accordance with the terms and conditions of the Policy and the VVI applicable Vanguard Fund prospectus; and (D) Any authorized Instruction to an Account on behalf of any Policy owner to pay withdrawal or distribution proceeds to a Policy owner from a VVIF Portfolio Vanguard Fund in accordance with the terms and conditions of the Policy and the VVI applicable Vanguard Fund prospectus.