Common use of Thresholds Clause in Contracts

Thresholds. Each Restricted Fund has one or more thresholds at which point no further amounts may be allocated to that division. Compliance with a threshold is verified whenever there is a transaction initiated which is subject to such threshold (premium payments, transfers, withdrawals). A threshold is applied to the total Accumulation Value of each Restricted Fund. Thresholds may be changed by the Company for new premiums, transfers or withdrawals by Restricted Fund upon 30 day notice.

Appears in 10 contracts

Samples: Entire Contract (VOYA INSURANCE & ANNUITY Co), Your Contract (VOYA INSURANCE & ANNUITY Co), Your Contract (VOYA INSURANCE & ANNUITY Co)

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Thresholds. Each Restricted Fund has one or more thresholds at which point no further amounts may be allocated to that divisionDivision. Compliance with a threshold is verified whenever there is a transaction initiated which is subject to such threshold (premium paymentsPremium Payments, transfers, withdrawals). A threshold is applied to the total Accumulation Value of each Restricted Fund. Thresholds may be changed by the Company for new premiums, transfers or withdrawals by Restricted Fund upon 30 day notice.

Appears in 4 contracts

Samples: Your Contract (Separate Account B of Golden American Life Insurance Co), Your Contract (Golden American Life Insurance Co /Ny/), Your Contract (Golden American Life Insurance Co /Ny/)

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Thresholds. Each Restricted Fund has one or more thresholds at which point no further amounts may be allocated to that divisionDivision. Compliance with a threshold is verified whenever there is a transaction initiated which is subject to such threshold (premium paymentsPremium Payments, transfers, withdrawals). A threshold is applied to the total Accumulation Value of each Restricted Fund. Thresholds may be changed by the Company us for new premiums, transfers or withdrawals by Restricted Fund upon 30 day notice.

Appears in 1 contract

Samples: Golden American Life Insurance Co /Ny/

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