Common use of TRANSFER TO A COMPANION CONTRACT Clause in Contracts

TRANSFER TO A COMPANION CONTRACT. If we have issued a Companion Contract to fund the Plan, the Owner of Benefits may give us Notification requesting a transfer of all or a portion of the Investment Account Values which correlate to a Plan Participant to a Companion Contract. The amount to be transferred from each Investment Account which correlates to a Plan Participant will be as specified in the Owner of Benefits' Notification. If the Notification does not specify, the amount to be transferred will be determined on a pro rata basis. The amount of any Investment Accounts to be transferred will be determined as of the end of Valuation Period in which we receive such request. The amount transferred will be subject to the limitations of Article VI, Section 1. If such Companion Contract allows for a transfer of unmatured Investment Accounts before the end of their guarantee periods, no transfers with respect to a Plan Participant will be allowed to any accounts under the Companion Contract which correlate to that Plan Participant if any amounts from an unmatured Investment Account have been transferred to any of the Investment Accounts which correlate to such Plan Participant from the Companion Contract during the previous six months.

TRANSFER TO A COMPANION CONTRACT. If we have issued a Companion Contract to fund the Plan, the Owner of Benefits may give us Notification requesting a transfer of all or a portion of the Investment Account Values which correlate to a Plan Participant to a Companion Contract. The amount to be transferred from each Investment Account which correlates to a Plan Participant will be as specified in the Owner of Benefits' Notification. If the Notification does not specify, the amount to be transferred will be determined on a pro rata basis. The amount of any Investment Accounts to be transferred will be determined as of the end of the Valuation Period in which we receive such request. The amount transferred will be subject to the limitations of Article VI, Section 1, but not the charges of Article VI, Section 2. If such Companion Contract allows for a transfer of unmatured Investment Accounts before the end of their guarantee periods, no transfers with respect to a Plan Participant will be allowed to any accounts under the Companion Contract which correlate to that Plan Participant if any amounts from an unmatured Investment Account have been transferred to any of the Investment Accounts which correlate to such Plan Participant from the Companion Contract during the previous six months.