Common use of THE OWNER Clause in Contracts

THE OWNER. The Owner is named on page 3. All contract rights may be exercised by the Owner, the Owner's successor, or the Owner's transferee without the consent of any beneficiary. If the contract has more than one Owner, contract rights may be exercised only by authorization of all Owners. Upon the death of an Owner, ownership rights of all Owners terminate if the deceased Owner was the Annuitant.

Appears in 17 contracts

Samples: Flexible Payment Variable Annuity Contract (NML Variable Annuity Account B), Flexible Payment Variable Annuity Agreement (NML Variable Annuity Account B), Flexible Payment Variable Annuity Contract (NML Variable Annuity Account B)

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THE OWNER. The Owner is named on page 3. All contract rights may be exercised by the Owner, the Owner's ’s successor, or the Owner's ’s transferee without the consent of any beneficiary. If the contract has more than one Owner, contract rights may be exercised only by authorization of all Owners. Upon the death of an Owner, ownership rights of all Owners terminate if the deceased Owner was the Annuitant.

Appears in 8 contracts

Samples: Flexible Payment Variable Annuity (NML Variable Annuity Account B), Flexible Payment Variable Annuity (NML Variable Annuity Account B), Flexible Payment Variable Annuity (NML Variable Annuity Account B)

THE OWNER. The Owner is named on page 3. All contract rights may be exercised by the Owner, the Owner's successor, or the Owner's transferee without the consent of any beneficiary. After the Annuitant's death, contract rights may be exercised only as provided in Sections 6 and 1). If the contract has more than one Owner, contract rights may be exercised only by authorization of all Owners. Upon the death of an Owner, ownership rights of all Owners terminate if the deceased Owner was the Annuitant.

Appears in 4 contracts

Samples: Flexible Payment Variable Annuity Agreement (NML Variable Annuity Account B), Flexible Payment Variable Annuity Agreement (NML Variable Annuity Account A), Flexible Payment Variable Annuity Contract (NML Variable Annuity Account B)

THE OWNER. The Owner is named on page Page 3. All contract rights may be exercised by the Owner, the Owner's ’s successor, or the Owner's ’s transferee without the consent of any beneficiaryBeneficiary. If the contract Contract has more than one Owner, contract rights may be exercised only by authorization of all Owners. Upon the death of an Owner, ownership rights of all Owners terminate if the deceased Owner was the Annuitant.

Appears in 4 contracts

Samples: Flexible Payment Deferred Variable Annuity Contract (NML Variable Annuity Account A), Flexible Payment Deferred Variable Annuity Contract (NML Variable Annuity Account B), Flexible Payment Deferred Variable Annuity Contract (NML Variable Annuity Account B)

THE OWNER. The Owner is named on page 3. All contract rights may be exercised by the Owner, the Owner's ’s successor, or the Owner's ’s transferee without the consent of any beneficiary. After the Annuitant’s death, contract rights may be exercised only as provided in Sections 5 and 9. If the contract has more than one Owner, contract rights may be exercised only by authorization of all Owners. Upon the death of an Owner, ownership rights of all Owners terminate if the deceased Owner was the Annuitant.

Appears in 4 contracts

Samples: Flexible Payment Variable Annuity Contract (NML Variable Annuity Account B), Flexible Payment Variable Annuity Contract (NML Variable Annuity Account B), Flexible Payment Variable Annuity Contract (NML Variable Annuity Account A)

THE OWNER. The Owner is named on page 3. All contract rights may be exercised by the Owner, the Owner's successor, or the Owner's transferee without the consent of any beneficiary. After the Annuitant's death, contract rights may be exercised only as provided in Sections 6 and 10. If the contract has more than one Owner, contract rights may be exercised only by authorization of all Owners. Upon the death of an Owner, ownership rights of all Owners terminate if the deceased Owner was the Annuitant.

Appears in 3 contracts

Samples: Flexible Payment Variable Annuity Agreement (NML Variable Annuity Account A), Flexible Payment Variable Annuity Contract (NML Variable Annuity Account A), Flexible Payment Variable Annuity (NML Variable Annuity Account B)

THE OWNER. The Owner of this contract is named on page 3. All contract rights may be exercised by the Owner, or by the Owner's successorOwners successor or transferee, or the Owner's transferee without the consent of any beneficiary. If the contract has more than one Owner, contract rights may be exercised only by authorization of all Owners. Upon the death of an Owner, ownership rights of all Owners terminate if the deceased Owner was the Annuitantother person.

Appears in 2 contracts

Samples: Group Combination Annuity (NML Variable Annuity Acct C of Northwestern Mut Life Ins Co), Group Combination Annuity (NML Variable Annuity Acct C of Northwestern Mut Life Ins Co)

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THE OWNER. The Owner is named on page 3. All contract rights may be exercised by the Owner, the Owner's successor, successor or the Owner's transferee without the consent of any beneficiary. After the Annuitant's death, contract rights may be exercised only as provided in Sections 6 and 10. If the contract has more than one Owner, contract rights may be exercised only by authorization of all Owners. Upon the death of an Owner, ownership rights of all Owners terminate if the deceased Owner was the Annuitant.

Appears in 1 contract

Samples: Flexible Payment Variable Annuity Contract (NML Variable Annuity Account B)

THE OWNER. The Owner of this contract is named on page 3. All contract rights may be exercised by the Owner, or by the Owner's successor’s successor or transferee, or the Owner's transferee without the consent of any beneficiary. If the contract has more than one Owner, contract rights may be exercised only by authorization of all Owners. Upon the death of an Owner, ownership rights of all Owners terminate if the deceased Owner was the Annuitantother person.

Appears in 1 contract

Samples: Group Combination Annuity (NML Variable Annuity Acct C of Northwestern Mut Life Ins Co)

THE OWNER. The Owner is named on page 3. All contract rights may be exercised by the Owner, the Owner's successoror his successor or transferee, or the Owner's transferee without the consent of any beneficiary. If the contract has more than one Owner, contract These rights may be exercised only during the lifetime of the Annuitant and thereafter to the extent permitted by authorization of all Owners. Upon the death of an Owner, ownership rights of all Owners terminate if the deceased Owner was the AnnuitantSections 6 and 7.

Appears in 1 contract

Samples: Deferred Variable Annuity Contract (NML Variable Annuity Account B)

THE OWNER. The Owner of this contract is named on page 3. All contract rights may be exercised by the Owner, or by the Owner's successor’s successor or transferee, under the terms of the Trust or the Owner's transferee Plan named on page 3 without the consent of any Participant, Annuitant or beneficiary. If the contract has more than one Owner, contract rights may be exercised only by authorization of all Owners. Upon the death of an Owner, ownership rights of all Owners terminate if the deceased Owner was the Annuitant.

Appears in 1 contract

Samples: Group Variable Annuity Contract (NML Variable Annuity Acct C of Northwestern Mut Life Ins Co)

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