Common use of Prohibited Amendments Clause in Contracts

Prohibited Amendments. (a) Despite our right to initiate changes under Section 8.4, we may not initiate changes to the minimum Guaranteed Rate specified in Section 3.4, our obligation to set Guaranteed Rates for the period of time specified in Sections 3.2 and 3.3, or the Table of Guaranteed Immediate Annuities. (b) No modification to this contract may change the terms of a previously purchased annuity or reduce any interest guarantee applicable to Participant Account FIA balances on the modification's effective date. P-GB-K-IRAMFVA(NBR).15

Appears in 1 contract

Samples: Insurance Contract (Aul American Unit Trust)

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Prohibited Amendments. (a) Despite our right to initiate changes under Section 8.4, we may not initiate changes to the minimum Guaranteed Rate specified in Section 3.4, our obligation to set Guaranteed Rates for the period of time specified in Sections 3.2 and 3.3, or the Table of Guaranteed Immediate Annuities. (b) No modification to this contract the Contract may change the terms of a previously purchased annuity or reduce any interest guarantee applicable to Participant Account your FIA balances on the modification's effective date. P-GB-KC-IRAMFVA(NBR).15

Appears in 1 contract

Samples: Insurance Contract (Aul American Unit Trust)

Prohibited Amendments. (a) Despite our right to initiate changes under Section 8.49.4, we may not initiate changes to the minimum Guaranteed Rate specified in Section 3.4, 3.4 or change our obligation to set Guaranteed Rates for the period of time specified in Sections 3.2 and 3.3, or the Table of Guaranteed Immediate AnnuitiesSection 3.2. (b) No modification to this contract the Contract may change the terms of a previously purchased annuity or reduce any interest guarantee applicable to your Participant Account FIA balances balance on the modification's effective date. P-GBC-KTDAMFVA-IRAMFVA(NBR).15GMDB(BR).16

Appears in 1 contract

Samples: Voluntary Tda Custodial Contract (Aul American Unit Trust)

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Prohibited Amendments. (a) Despite our right to initiate changes under Section 8.49.4, we may not initiate changes to the minimum Guaranteed Rate specified in Section 3.4, 3.4 or change our obligation to set Guaranteed Rates for the period of time specified in Sections 3.2 and 3.3, or the Table of Guaranteed Immediate AnnuitiesSection 3.2. (b) No modification to this contract may change the terms of a previously purchased annuity or reduce any interest guarantee applicable to Participant Account FIA balances on the modification's effective date. P-GB-K-IRAMFVA(NBR).15TDAMFVA-GMDB(BR).16

Appears in 1 contract

Samples: Voluntary Tda Custodial Contract (Aul American Unit Trust)

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