TRANSFER OPTION. Prior to the earlier of:
a. the Annuity Commencement Date;
b. termination of this Contract upon payment of any Death Benefit;
c. surrender of this Contract; or
d. the Maturity Date; the Owner may direct a transfer of a portion of the Contract Value:
a. from one Variable Sub-account to another Variable Sub-account or to a Fixed Sub-account;
b. from one Fixed Sub-account to another Fixed Sub-account or to a Variable sub-account; or
c. from a designated DCA holding account to a Variable Sub-account under a DCA program; subject to the restrictions described below. Such a transfer request must be made in writing to LNL through voice or electronic instructions, provided LNL has received the appropriate authorization from the Owner for voice or electronic instructions in accordance with LNL procedures. A transfer from one Variable Sub-account to another Variable Sub-account will result in the redemption of Accumulation Units in one Variable Sub-account and the purchase of Accumulation Units in the other Variable Sub-account. A transfer from the Fixed Account to a Variable Sub-account will result in a withdrawal of Contract Value from the Fixed Account and the purchase of Accumulation Units in the Variable Sub-account. Such transfers will be accomplished at Accumulation Unit values as of the Valuation Date the transfer request is received in the Home Office. Transfers from a Fixed Sub-account will be subject to a Market Value Adjustment (as described in Section 4.06) unless the transfer is effective on the Expiration Date of the Guaranteed Period. If a request for a transfer from a Fixed Sub-account is received during the 60-day period immediately preceding the Expiration Date of that Guaranteed Period, the transfer will be effective as of the Expiration Date unless an immediate transfer is requested. If an immediate transfer is requested, the transfer will occur on the Valuation Date the transfer is received in the Home Office. If a transfer request is received at any time other than during this 60-day period, the transfer will be accomplished as of the Valuation Date the transfer request is received in the Home Office. Transfers to a Fixed Sub-account will have an associated Guaranteed Period, Guaranteed Interest Rate and Expiration Date and will be treated separately from other Purchase Payment allocations or transfers of a portion of the Contract Value to the Fixed Account. The allocation of multiple Purchase Payments and transfers into the same Fixed Sub-acco...
TRANSFER OPTION. Subject to the terms and conditions in this Section 5, the Company (acting by the vote of a majority of the members of the Board that are not nominated by UICI pursuant to clause (i) of Section 2(a) or agreed to by UICI pursuant to clause (iii) of Section 2(a)) shall have the right (the "Transfer Option") to cause UICI to transfer to one or more third parties unaffiliated with UICI, up to 1,414,385 shares of Common Stock owned by UICI at a per share price equal to the greater of (i) $18.63 and (ii) the Closing Price (as hereinafter defined). The Transfer Option shall be exercisable one time only with respect to all such shares of Common Stock and may be exercised at any time following the date hereof and ending on the first to occur of the following events: (i) on January 7, 2003; (ii) the ninetieth (90th) day following the date on which the Closing Price (as hereinafter defined) of shares of Common Stock shall have been at least $23.96 per share for a period of sixty (60) consecutive trading days; and (iii) the ninetieth (90th) day following the first date on which UICI Beneficially Owns less than 40% of the shares of Common Stock on a Fully Diluted Basis. For purposes hereof, "Closing Price" shall mean the reported last sale price of a share of Common Stock, on a given day, regular way, or, in case no such sale takes place on such day, the average of the reported closing bid and asked prices regular way, in each case on the New York Stock Exchange Composite Tape, or, if the security is not listed or admitted to trading on such exchange, on the American Stock Exchange Composite Tape, or, if the security is not listed or admitted to trading on such exchange, the principal national securities exchange on which the security is listed or admitted to trading, or, if the security is not listed or admitted to trading on any national securities exchange, the closing sales price, or, if there is no closing sales price, the average of the closing bid and asked prices, in the over-the-counter market as reported by the National Association of Securities Dealers Automated Quotation System, or, if not so reported, as reported by the National Quotation Bureau, Incorporated, or any successor thereof, or, if not so reported, the average of the closing bid and asked prices as furnished by any member of the National Association of Securities Dealers, Inc. selected from time to time by the Company for that purpose or, if no such prices are furnished, the fair market value of...
TRANSFER OPTION. Prior to the earlier of:
a. the Annuity Commencement Date;
b. termination of this Contract upon payment of any Death Benefit;
c. surrender of this Contract; or
TRANSFER OPTION. A Participant may, prior to his Annuity Commencement Date, by filing written request with the Company at its Home Office on a form satisfactory to the Company, elect to transfer a portion or all of his Participant's Individual Account to the Companion Contract. The Company will transfer the value of such portion of the Participant's Individual Account to the Participant's Accumulated Deposits under the Companion Contract, at the end of the Valuation Period in which such request is received or at the end of any later Valuation Period selected by the Participant.
TRANSFER OPTION. Job openings at other Prime Healthcare facilities will be posted on the Prime Healthcare website and will be available to bargaining unit employees on the same basis as other Prime Healthcare employees.
TRANSFER OPTION. Job openings at other Xxxxx facilities will be posted on the Xxxxx website and will be available to bargaining unit employees on the same basis as other Xxxxx employees.
TRANSFER OPTION. The Licensor hereby grants to the Licensee the option to acquire all assets now or in the future comprising the Processing Technology and Facilities at the current locations of Huizhou, Guangdong and Wan An Jiangxi, People's Republic of China at any time during the Term following the payment of the Licensing Fee Shares for the purchase price of US$1.00 provided that Licensor concurrently assumes all obligations and liability of a loan owing to the China Construction Bank, in an amount not to exceed RMB25,450,000
TRANSFER OPTION. The Member may elect to transfer the value of the Member Account as outlined in Section 4.5.
TRANSFER OPTION. You can transfer all or a portion of the Policy's existing share in a sub-account to another sub-account. Transfers of existing shares will be subject to a limit of 2 in each policy year, except with the consent of the Company.
TRANSFER OPTION. If the Venture does not elect to purchase all of --------------- the Transferred JV Interests, the Venturers (other than any Venturer whose JV Interests were subject to the transfer by legal process) shall have the option (the "Transfer Option") to purchase the remaining Transferred JV Interests at a price equal to the stated book value thereof by giving written notice to the recipient within 120 days after -27- their receipt of the Transfer Notice. If the other Venturers elect to purchase more Transferred JV Interests than are available, the available Transferred JV Interests shall be allocated among the participating Venturers in the manner described in Section 10.3(c) above.
