Common use of Systematic Distribution Options Clause in Contracts

Systematic Distribution Options. Without further amendment of this Contract, the Company may, from time to time, establish and make available for election by the Contract Owner, one or more Systematic Distribution Options (SDO). When an SDO election is in effect as to any Contract, automatic withdrawals will be made from the Contract. No Surrender Fees will apply to any payments made under an SDO. (a) Any SDO established by the Company will be made available among similarly situated contracts uniformly and on the basis of objective criteria consistently applied. (b) The availability of any SDO may be limited by terms and conditions applicable to the election of such SDO. (c) We may discontinue the availability of an SDO at any time. Except to the extent required in order to comply with applicable law, any such discontinuance shall not apply to any contracts as to which an election under such SDO is in effect at the time of such SDO's discontinuance.

Systematic Distribution Options. Without further amendment of this Contract, the Company may, from time to time, establish and make available for election by the Contract OwnerHolder, one or more Systematic Distribution Options (SDO). When an SDO election is in effect as to any Contract, automatic withdrawals will be made from the Contract. No Surrender Fees will apply to any payments made under an SDO, however a GAA market value adjustment may apply (see 3.18(b)). (a) Any SDO established by the Company will be made available among similarly situated contracts uniformly and on the basis of objective criteria consistently applied. (b) The availability of any SDO may be limited by terms and conditions applicable to the election of such SDO. (c) We may discontinue the availability of an SDO at any time. Except to the extent required in order to comply with applicable law, any such discontinuance shall not apply to any contracts as to which an election under such SDO is in effect at the time of such SDO's discontinuance.. IRA-CDA-03(NY) 15

Systematic Distribution Options. Without further amendment of this Contract, the Company may, from time to time, establish and make available for election by the Contract OwnerHolder, one or more Systematic Distribution Options (SDO). When an SDO election is in effect as to any Contract, automatic withdrawals will be made from the Contract. No Surrender Fees will apply to any payments made under an SDO, however a GAA market value adjustment may apply (see 3.18(b)). (a) Any SDO established by the Company will be made available among similarly situated contracts uniformly and on the basis of objective criteria consistently applied. (b) The availability of any SDO may be limited by terms and conditions applicable to the election of such SDO. (c) We may discontinue the availability of an SDO at any time. Except to the extent required in order to comply with applicable law, any such discontinuance shall not apply to any contracts as to which an election under such SDO is in effect at the time of such SDO's discontinuance.. IRA-CDA-03 15

Systematic Distribution Options. Without further amendment of this Contract, the Company may, from time to time, establish and make available for election by the Contract OwnerHolder, one or more Participant Account Systematic Distribution Options (SDO). When an SDO election is in effect as to any ContractParticipant Account, automatic withdrawals will be made from the ContractParticipant Account. No Surrender Fees will apply to any payments such automatic withdrawals made under an SDO. (a) Any SDO established by the Company will be made available among similarly situated contracts uniformly and on the basis of objective criteria consistently applied. (b) The availability of any SDO may be limited by terms and conditions applicable to the election of such SDO. (c) We The Company may discontinue the availability of an SDO at any time. Except to the extent required in order to comply with applicable law, any such discontinuance shall not apply to any contracts Participant Accounts as to which an election under such SDO is in effect at the time of such SDO's discontinuance.