Common use of Termination of this Contract Clause in Contracts

Termination of this Contract. Subject to any restrictions under the terms of the Plan, you may elect by written notice to terminate this Contract. We will determine the Cash Value of this Contract as of the Transaction Date. If this Contract is terminated, surrendered or exchanged prior to the Annuitant's Retirement Date, any applicable tax charges we have paid may be deducted. If we previously deducted charges for applicable taxes from Contributions pursuant to Section 2.01, we will not again deduct charges for the same taxes on terminations, unless a change in applicable law has occurred with respect to this Contract. Cash Value payments may be deferred by us in accordance with the provisions of Section 4.07. Subject to the terms of the Plan, we reserve the right to pay the Annuity Account Value under this Contract and terminate this Contract if (i) you make no Contributions during the last three completed Contract Years, or (ii) you make a partial withdrawal that would result in the Annuitant's Annuity Account Value falling below $500. We also reserve the right to terminate this Contract if no Contributions have been made within 120 days from the Contract Date shown on Page 3 of this Contract. We will pay the Cash Value or Annuity Account Value, as applicable, directly to you unless you give us written notice at the time of termination that you request us to make payment to the Annuitant or another person, and that such payment is permissible under the Plan. Upon payment pursuant to this Section or the fourth paragraph of Section 2.07, the amount in the Divisions under this Contract and the Annuity Account Value with respect to this Contract shall be zero. We will be released from any and all liability for payments with respect to the Contributions from which the Annuity Account Value arose.

Termination of this Contract. Subject to any restrictions under the terms of the Plan, including, for Plans subject to Title I of ERISA, if applicable, the spousal consent rules set forth in Section 3.06, you may elect elect, by written notice notice, to terminate this Contract. In addition, termination of this Contract is subject to the restrictions on distributions set forth in Section 2.10 of this Contract. We will determine the Cash Value of this Contract as of the Transaction DateDate we receive your written election. The payment of such Cash Value to you may be deferred by us in accordance with the provisions of Section 4.07. Subject to the terms of the Plan, and the restrictions on distributions set forth in Section 2.10, we reserve the right to pay the Annuity Account Value under this Contract and terminate this Contract. This right may be exercised only if both (i) you made no Contributions during the last three completed Contract Years, and the Annuity Account Value is less than $500, or (ii) a partial withdrawal is made that would result in your Annuity Account Value falling below $500. We also reserve the right to terminate this Contract if no Contributions have been made within 120 days of the Contract Date shown on page 3 of this Contract. Upon payment pursuant to this Section or the fourth paragraph of Section 2.07, the amount in the Divisions and the Annuity Account Value shall be zero. We will be released from any and all liability for payments with respect to the Contributions from which the Annuity Account Value arose. If this Contract is terminated, surrendered or exchanged prior to the Annuitant's your Retirement Date, any applicable tax charges we have paid may be deducted. If we have previously deducted charges for applicable taxes from Contributions pursuant to Section 2.01, we will not again deduct charges for the same taxes on terminations, unless a change in applicable law has occurred with respect to this your Contract. Cash Value payments may be deferred by us in accordance with the provisions of Section 4.07. Subject to the terms of the Plan, we reserve the right to pay the Annuity Account Value under this Contract and terminate this Contract if (i) you make no Contributions during the last three completed Contract Years, or (ii) you make a partial withdrawal that would result in the Annuitant's Annuity Account Value falling below $500. We also reserve the right to terminate this Contract if no Contributions have been made within 120 days from the Contract Date shown on Page 3 of this Contract. We will pay the Cash Value or Annuity Account Value, as applicable, directly to you unless you give us written notice at the time of termination that you request us to make payment to the Annuitant or another person, and that such payment is permissible under the Plan. Upon payment pursuant to this Section or the fourth paragraph of Section 2.07, the amount in the Divisions under this Contract and the Annuity Account Value with respect to this Contract shall be zero. We will be released from any and all liability for payments with respect to the Contributions from which the Annuity Account Value arose.

Termination of this Contract. Subject to any restrictions under the terms of the Plan, including, for Plans subject to Title I of ERISA, if applicable, the spousal consent rules set forth in Section 3.06, you may elect elect, by written notice notice, to terminate this Contract. In addition, termination of the Contract is subject to the restrictions on distributions set forth in Section 2.10 of this Contract. We will determine the Cash Value of this Contract as of the Transaction DateDate we receive your written election. The payment of such Cash Value to you may be deferred by us in accordance with the provisions of Section 4.07. Subject to the terms of the Plan, and the restrictions on distributions set forth in Section 2.10, we reserve the right to pay the Annuity Account Value under this Contract and terminate this Contract. This right may be exercised only if both (i) you made no Contributions during the last three completed Contract Years, and the Annuity Account Value is less than $500, or (ii) a partial withdrawal is made that would result in your Annuity Account Value falling below $500. We also reserve the right to terminate this Contract if no Contributions have been made within 120 months of the Contract Date shown on page 3 of this Contract. Upon payment pursuant to this Section or the fourth paragraph of Section 2.07, the amount in the Divisions and the Annuity Account Value shall be zero. We will be released from any and all liability for payments with respect to the Contributions from which the Annuity Account Value arose. If this Contract is terminated, surrendered or exchanged prior to the Annuitant's your Retirement Date, any applicable tax charges we have paid may be deducted. If we have previously deducted charges for applicable taxes from Contributions pursuant to Section 2.01, we will not again deduct charges for the same taxes on terminations, unless a change in applicable law has occurred with respect to this your Contract. Cash Value payments may be deferred by us in accordance with the provisions of Section 4.07. Subject to the terms of the Plan, we reserve the right to pay the Annuity Account Value under this Contract and terminate this Contract if (i) you make no Contributions during the last three completed Contract Years, or (ii) you make a partial withdrawal that would result in the Annuitant's Annuity Account Value falling below $500. We also reserve the right to terminate this Contract if no Contributions have been made within 120 days from the Contract Date shown on Page 3 of this Contract. We will pay the Cash Value or Annuity Account Value, as applicable, directly to you unless you give us written notice at the time of termination that you request us to make payment to the Annuitant or another person, and that such payment is permissible under the Plan. Upon payment pursuant to this Section or the fourth paragraph of Section 2.07, the amount in the Divisions under this Contract and the Annuity Account Value with respect to this Contract shall be zero. We will be released from any and all liability for payments with respect to the Contributions from which the Annuity Account Value arose.

Termination of this Contract. Subject to any restrictions under the terms of the Plan, including, for Plans subject to Title I of ERISA, if applicable, the spousal consent rules set forth in Section 3.06, you may elect elect, by written notice notice, to terminate this Contract. In addition, termination of this Contract is subject to the restrictions on distributions set forth in Section 2.10 of this Contract. We will determine the Cash Value of this Contract as of the Transaction DateDate we receive your written election. The payment of such Cash Value to you may be deferred by us in accordance with the provisions of Section 4.07. Subject to the terms of the Plan, and the restrictions on distributions set forth in Section 2.10, we reserve the right to pay the Annuity Account Value under this Contract and terminate this Contract. This right may be exercised only if both (i) you made no Contributions during the last three completed Contract Years, and the Annuity Account Value is less than $500, or (ii) a partial withdrawal is made that would result in your Annuity Account Value falling below $500. We also reserve the right to terminate this Contract if no Contributions have been made within 120 months of the Contract Date shown on page 3 of this Contract. Upon payment pursuant to this Section or the fourth paragraph of Section 2.07, the amount in the Divisions and the Annuity Account Value shall be zero. We will be released from any and all liability for payments with respect to the Contributions from which the Annuity Account Value arose. If this Contract is terminated, surrendered or exchanged prior to the Annuitant's your Retirement Date, any applicable tax charges we have paid may be deducted. If we have previously deducted charges for applicable taxes from Contributions pursuant to Section 2.01, we will not again deduct charges for the same taxes on terminations, unless a change in applicable law has occurred with respect to this your Contract. Cash Value payments may be deferred by us in accordance with the provisions of Section 4.07. Subject to the terms of the Plan, we reserve the right to pay the Annuity Account Value under this Contract and terminate this Contract if (i) you make no Contributions during the last three completed Contract Years, or (ii) you make a partial withdrawal that would result in the Annuitant's Annuity Account Value falling below $500. We also reserve the right to terminate this Contract if no Contributions have been made within 120 days from the Contract Date shown on Page 3 of this Contract. We will pay the Cash Value or Annuity Account Value, as applicable, directly to you unless you give us written notice at the time of termination that you request us to make payment to the Annuitant or another person, and that such payment is permissible under the Plan. Upon payment pursuant to this Section or the fourth paragraph of Section 2.07, the amount in the Divisions under this Contract and the Annuity Account Value with respect to this Contract shall be zero. We will be released from any and all liability for payments with respect to the Contributions from which the Annuity Account Value arose.

Termination of this Contract. Subject to any restrictions under the terms of the Plan, including, for Plans subject to Title I of ERISA, if applicable, the spousal consent rules set forth in Section 3.06, you may elect elect, by written notice notice, to terminate this Contract. In addition, termination of the Contract is subject to restrictions on distributions set forth in Section 2.10 of this Contract. We will determine the Cash Value of this Contract as of the Transaction DateDate we receive your written election. The payment of such Cash Value to you may be deferred by us in accordance with the provisions of Section 4.07. Subject to the terms of the Plan, and the restrictions on distributions set forth in Section 2.10, we reserve the right to pay the Annuity Account Value under this Contract and terminate this Contract. This right may be exercised only if both (i) you made no Contributions during the last three completed Contract Years, and the Annuity Account Value is less than $500, or (ii) a partial withdrawal is made that would result in your Annuity Account Value falling below $500. We also reserve the right to terminate this Contract if no Contributions have been made within 120 days of the Contract Date shown on page 3 of this Contract. Upon payment pursuant to this Section or the fourth paragraph of Section 2.07, the amount in the Divisions and the Annuity Account Value shall be zero. We will be released from any and all liability for payments with respect to the Contributions from which the Annuity Account Value arose. If this Contract is terminated, surrendered or exchanged prior to the Annuitant's your Retirement Date, any applicable tax charges we have paid may be deducted. If we have previously deducted charges for applicable taxes from Contributions pursuant to Section 2.01, we will not again deduct charges for the same taxes on terminations, unless a change in applicable law has occurred with respect to this your Contract. Cash Value payments may be deferred by us in accordance with the provisions of Section 4.07. Subject to the terms of the Plan, we reserve the right to pay the Annuity Account Value under this Contract and terminate this Contract if (i) you make no Contributions during the last three completed Contract Years, or (ii) you make a partial withdrawal that would result in the Annuitant's Annuity Account Value falling below $500. We also reserve the right to terminate this Contract if no Contributions have been made within 120 days from the Contract Date shown on Page 3 of this Contract. We will pay the Cash Value or Annuity Account Value, as applicable, directly to you unless you give us written notice at the time of termination that you request us to make payment to the Annuitant or another person, and that such payment is permissible under the Plan. Upon payment pursuant to this Section or the fourth paragraph of Section 2.07, the amount in the Divisions under this Contract and the Annuity Account Value with respect to this Contract shall be zero. We will be released from any and all liability for payments with respect to the Contributions from which the Annuity Account Value arose.