Common use of TRANSFER FROM A COMPANION CONTRACT Clause in Contracts

TRANSFER FROM A COMPANION CONTRACT. If we have issued a Companion Contract to fund the Plan and if permitted by the Companion Contract, amounts transferred from a Companion Contract may be transferred to Investment Accounts which correlate to a Plan Participant at any time at least one month before the Owner of Benefits' Annuity Commencement Date. The amount and date of any such transfer will be in accordance with the provisions of the Companion Contract. Any transferred amount will be a Contribution in accordance with Article II, Section 1.

Appears in 4 contracts

Samples: Principal Mutual Life Insurance Company Separate Account B, Principal Mutual Life Insurance Company Separate Account B, Principal Mutual Life Insurance Company Separate Account B

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