SURRENDER OPTION. The Owner may turn this Contract in for its Surrender Value effective on the date on which the request in writing is received at the Home Office. The value will be the Accumulated Value on that date less (a) a Contingent Deferred Sales Charge, if any, (b) the Contract Maintenance Charge and (c) any applicable premium taxes not previously deducted. Any cash payment will be mailed within 7 days after receipt of a proper request; but the Company may be allowed to defer the payment under the Investment Company Act of 1940 as it is in effect at that time. The Surrender Option is not available after the Maturity Date.
SURRENDER OPTION. The Owner may surrender this Contract for its Contract Value at any time prior to the earlier of:
a. the Annuity Commencement Date;
b. termination of this Contract upon payment of any Death Benefit; or
SURRENDER OPTION. The Owner may surrender this Contract for its surrender value. On surrender, this Contract terminates. Surrender will be effective on the Valuation Date on which LNL receives a written request at its Home Office. The surrender value will be the value of all of the variable Accumulation Units attributable to this Contract plus the value of the DCA Fixed Account. Any cash payment will be mailed from LNL's Home Office within seven days after the date of surrender; however, LNL may be permitted to defer such payment under the Investment Company Act of 1940, as in effect at the time a request for surrender is received by LNL. The Surrender Option is not available after the Annuity Commencement Date.
SURRENDER OPTION. (a) Tenant shall have the right to surrender all or any portion of the Leased Premises (in units of not less than 15,000 RSF of contiguous space, provided however, that Tenant shall have the right to surrender that portion of the ground floor of the Building that is occupied by Tenant, in accordance with the terms and conditions of this Section 1.05, notwithstanding that Tenant's ground floor premises may comprise less than 15,000 RSF), in reasonably leasable configuration and good condition, on either the sixth (6th) anniversary (the "First Surrender Date") or eighth (8th) anniversary (the "Second Surrender Date"), of the Rent Commencement Date (hereinafter defined) (each, a "Surrender Date"), by delivering written notice to Landlord (specifying the space to be surrendered and whether such space shall be surrendered on the First or Second Surrender Date) not later then nine (9) months preceding the applicable Surrender Date (time being of the essence). In the event of a surrender of all of the Leased Premises, then this Lease shall terminate as of the applicable Surrender Date as if such date were the Expiration Date hereof. Time shall be of the essence as to Tenant's obligation to deliver any space surrendered pursuant to this Section 1.05 by the applicable Surrender Date in vacant, broom-clean condition (provided, however, that the foregoing shall not require Tenant to remove any permanent leasehold improvements that it may have installed in the surrendered space in compliance with the terms hereof).
(b) If Tenant shall surrender less than the entire Leased Premises pursuant to this Section 1.05, then provided that Tenant shall have timely vacated the surrendered space in the condition required hereby and is not otherwise in monetary default hereunder beyond any applicable grace, notice and cure period, effective as of the applicable Surrender Date: (i) the surrendered space shall be deemed deleted from the Leased Promises for all purposes, and (ii) "Tenant's Share" shall be decreased the percentage of rentable space in the Building constituting the surrendered space. Additionally, if Tenant shall surrender a portion of the Leased Premises on the First Surrender Date, then effective. as of such First Surrender Date, the Annual Rentals specified in Section 4.01 (b) (ii) hereof shall be decreased by an amount equal to $24.50 multiplied by the RSF of the surrendered space. If Tenant shall surrender a portion of the Leased Premises on the Second Surrender D...
SURRENDER OPTION. The Owner may surrender this Contract for its surrender value at any time prior to the earlier of:
a. the Annuity Commencement Date;
b. termination of this Contract upon payment of any Death Benefit; or
c. the Maturity Date. LNL reserves the right to surrender this Contract if any withdrawal (see Section 5.02) reduces the total Contract Value to a level at which this Contract may be surrendered in accordance with the terms set forth in the standard nonforfeiture law, for individual deferred annuities applicable in the state in which this Contract was purchased. LNL may surrender the Contract for its surrender value. This Contract will terminate upon surrender. The surrender will be effective on the Valuation Date on which LNL receives a written request for surrender at its Home Office. The surrender value on the Valuation Date of surrender will be the sum of "a." and "b.", minus the CDSC (see Section 5.04), where:
a. is the greater of the Minimum Value of the Fixed Account (see Section 4.08) or the portion of the Contract Value in the Fixed Account after any Market Value Adjustment(s) (see Section 4.06) and;
b. is the portion of the Contract Value in the Variable Account. Any payment from the Variable Account will be mailed from LNL's Home Office within seven days after the date of surrender, however, LNL may be permitted to defer such payment under the Investment Company Act of 1940, as in effect at the time a request for surrender is received in its Home Office. Any payment from the Fixed Account may be deferred for a period not to exceed six months after receipt of the surrender request. The Surrender Option is not available after the Annuity Commencement Date.
SURRENDER OPTION. The Owner may surrender this Contract for its Contract Value at any time prior to the earlier of:
a. the Annuity Commencement Date;
b. termination of the Contract upon payment of any Death Benefit; or
c. the Maturity Date. LNY reserves the right to surrender this Contract if any withdrawal reduces the total Contract Value to less than $2,000, and Purchase Payments have stopped for a period of three full years. By payment of the Contract Value, LNY shall be relieved of any further obligation under this Contract. This Contract will terminate upon surrender. The surrender will be effective on the Valuation Date on which LNY receives a written request for surrender at its Servicing Office. Any payment from the Variable Account will be mailed from LNY's Servicing Office within seven days after the date of surrender; however, LNY may be permitted to defer such payment under the Investment Company Act of 1940, as in effect at the time a request for surrender is received in its Servicing Office. Any payment from the DCA Fixed Account may be deferred for a period not to exceed six months after receipt of the surrender request. The Surrender Option is not available after the Annuity Commencement Date.
SURRENDER OPTION. The Owner may surrender this Contract for its surrender value at any time prior to the earlier of:
a. the Annuity Commencement Date;
b. termination of this Contract upon payment of any Death Benefit; or
c. the Maturity Date. LNL reserves the right to surrender this Contract if any withdrawal (see Section 5.02) reduces the total Contract Value to a level at which this Contract may be surrendered in accordance with the terms set forth in the standard nonforfeiture law for individual deferred annuities applicable in the state in which this Contract was purchased. LNL may surrender the Contract for its surrender value. This Contract will terminate upon surrender. The surrender will be effective on the Valuation Date on which LNL receives a written request for surrender at its Home Office. The surrender value on the Valuation Date of surrender will be the total Contract Value, less a CDSC (see Section 5.04). Any payment from the Variable Account will be mailed from LNL's Home Office within seven days after the date of surrender; however, LNL may be permitted to defer such payment under the Investment Company Act of 1940, as in effect at the time a request for surrender is received in its Home Office. Any payment from the Fixed Account may be deferred for a period not to exceed six months after receipt of the surrender request. The Surrender Option is not available after the Annuity Commencement Date.
SURRENDER OPTION. The Owner may surrender this Contract for its surrender value. On surrender, this Contract terminates. Surrender will be effective on date on which LNL has receives a written request at its Home Office. The surrender value will be the total Account Value less a Surrender Charge and less the Account Charge. The Surrender Charge is calculated as a percentage of the Purchase Payments surrendered. This percentage is based on the number of completed Contract Years between the Contract Year of Purchase Payment and the Contract Year of surrender/withdrawal as shown in the following schedule. The Surrender Charge is calculated separately for each Contract Year's Purchase Payments. A Contract Year is the period from the Contract effective date (month and Day) to the anniversary of the Contract effective date in the following year. Any payment will be by check and mailed from LNL's Home Office within seven days after receipt of the surrender request: however, LNL may be permitted to defer such payment under the Investment Company Act of 1940, as in effect at the time a request for surrender is received. Interest will be credited to money in the fixed portion of this contract during the deferral period. The Surrender Option is not available atter Annuity Payments have begun. Any Account Value payable as a result of annuitization, total and permanent disability of the Annuitant subsequent to the effective date of this Contract and prior to the 65th birthday of the Annuitant, or death of the Annuitant will not be subject to the Surrender Charges. Total and permanent disability is defined as the inability to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than twelve months. LNL must be furnished with proof of the existence thereof by way of a physician's statement.
SURRENDER OPTION. You may surrender this Contract for its surrender value. On surrender, this Contract terminates. Surrender will be effective on the Valuation Date We receive a Surrender request that You have signed and mailed or faxed to Our Service Office. The Contract Surrender Value will be the total Contract Value on the Valuation Date, less any applicable taxes. Payment will be made within seven days after the date of surrender, subject to the Suspension or Deferral of Payments Provision (see Section 4.10). The surrender option is not available after the Income Date.
SURRENDER OPTION. The Owner may surrender this Contract for its surrender value. On surrender, this Contract terminates. Surrender will be effective on date on which LNL has receives a written request at its Home Office. The surrender value will be the total Account Value on the Valuation Date less a Surrender Charge. The Surrender Charge will be determined as follows: SCHEDULE A For any portion of the Net Purchase Payment that is the result of proceeds transferred from another Lincoln National Life Insurance Company Annuity Contract, either of which did not contain surrender/withdrawal charges, the applicable charge will be 2% of the proceeds if surrender occurs in years 1-5 and no charge if surrender occurs after the Contract has been in force for 5 years. Investment gains and/or interest earnings on such portion of the Net Purchase Payment will be subject to the graded charges shown in Schedule A. For any portion of the Net Purchase Payment that is the result of proceeds transferred from another Lincoln National Life Insurance Company Annuity Contract, either of which contained surrender/withdrawal charges, the applicable charge will be as shown in Schedule A. A Contract Year is the period from the contract effective date (month and day) to the anniversary of the contract effective date in the following year. After the Contract has been in force for 7 Contract Years, there will be no Surrender Charge applied. Any cash payment will be mailed from LNL's Home Office within seven days after the date of surrender; however, LNL may be permitted to defer such payment under the Investment Company Act of 1940, as in effect at the time a request for surrender is received. The Surrender Option is not available after Annuity Payments have begun.
