Common use of Transferability Restrictions Clause in Contracts

Transferability Restrictions. Notwithstanding any other provisions of this contract, the Owner may not: o change the ownership of the contract; or o sell the contract, or assign or pledge the contract as collateral for a loan or as security for the performance of an obligation or for any other purpose, to any person other than the Company. These restrictions will not apply if the Owner is: o the trustee of an employee trust that is qualified under the Internal Revenue Code; or o the custodian of a custodial account treated as an employee trust that is qualified under the Internal Revenue Code. The restrictions do not preclude the employer under a nontrusteed plan from transferring ownership of this contract to the Annuitant or to the employer or trustee under another plan or trust when required by the plan.

Transferability Restrictions. Notwithstanding any other provisions of this contract, the Owner may not: o - change the ownership of the contract; or o - sell the contract, or assign or pledge the contract as collateral for a loan or as security for the performance of an obligation or for any other purpose, to any person other than the Company. These restrictions will not apply if the Owner is: o - the trustee of an employee trust that is qualified under the Internal Revenue Code; or o - the custodian of a custodial account treated as an employee trust that is qualified under the Internal Revenue Code. The restrictions do not preclude the employer under a nontrusteed non-trusteed plan from transferring ownership of this contract to the Annuitant or to the employer or trustee under another plan or trust when required by the plan.

Transferability Restrictions. Notwithstanding any other provisions of this contract, the Owner may not: o - change the ownership of the contract; or o - sell the contract, or assign asssign or pledge the contract as collateral for a loan or as security for the performance of an obligation or for any other purpose, to any person other than the Company. These restrictions will not apply if the Owner is: o - the trustee of an employee trust that is qualified under the Internal Revenue Code; or o - the custodian of a custodial account treated as an employee trust that is qualified under the Internal Revenue Code. The restrictions do not preclude the employer under a nontrusteed non-trusteed plan from transferring ownership of this contract to the Annuitant or to the employer or trustee under another plan or trust when required by the plan.

Transferability Restrictions. Notwithstanding any other provisions of this contractContract, the Owner may not: o • change the ownership of the contractContract; or o • sell the contractContract, or assign or pledge the contract Contract as collateral for a loan or as security for the performance of an obligation or for any other purpose, to any person other than the Company. These restrictions will not apply if the Owner is: o • the trustee of an employee trust that is qualified under the Internal Revenue Code; or o • the custodian of a custodial account treated as an employee trust that is qualified under the Internal Revenue Code. The restrictions do not preclude the employer under a nontrusteed plan from transferring ownership of this contract Contract to the Annuitant or to the employer or trustee under another plan or trust when required by the plan.. ICC12.RR.VA.AFR.(0313) 13

Transferability Restrictions. Notwithstanding any other provisions of this contract, the Owner may not: o . change the ownership of the contract; or o . sell the contract, or assign or pledge the contract as collateral for a loan or as security for the performance of an obligation or for any other purpose, to any person other than the Company. These restrictions will not apply if the Owner is: o . the trustee of an employee trust that is qualified under the Internal Revenue Code; or o . the custodian of a custodial account treated as an employee trust that is qualified under the Internal Revenue Code. The restrictions do not preclude the employer under a nontrusteed plan from transferring ownership of this contract to the Annuitant or to the employer or trustee under another plan or trust when required by the plan.. XX.X.X.XX.(0704) 14

Transferability Restrictions. Notwithstanding any other provisions of this contract, the Owner may not: o • change the ownership of the contract; or o • sell the contract, or assign or pledge the contract as collateral for a loan or as security for the performance of an obligation or for any other purpose, to any person other than the Company. These restrictions will not apply if the Owner is: o • the trustee of an employee trust that is qualified under the Internal Revenue Code; or o • the custodian of a custodial account treated as an employee trust that is qualified under the Internal Revenue Code. The restrictions do not preclude the employer under a nontrusteed non-trusteed plan from transferring ownership of this contract to the Annuitant or to the employer or trustee under another plan or trust when required by the plan.

Transferability Restrictions. Notwithstanding any other provisions of this contract, the Owner may not: o • change the ownership of the contract; or o • sell the contract, or assign or pledge the contract as collateral for a loan or as security for the performance of an obligation or for any other purpose, to any person other than the Company. These restrictions will not apply if the Owner is: o • the trustee of an employee trust that is qualified under the Internal Revenue Code; or o • the custodian of a custodial account treated as an employee trust that is qualified under the Internal Revenue Code. The restrictions do not preclude the employer under a nontrusteed plan from transferring ownership of this contract to the Annuitant or to the employer or trustee under another plan or trust when required by the plan.. RR.V.A.BK.(0805) 16

Transferability Restrictions. Notwithstanding any other provisions of this contract, the Owner may not: o • change the ownership of the contract; or o • sell the contract, or assign or pledge the contract as collateral for a loan or as security for the performance of an obligation or for any other purpose, to any person other than the Company. These restrictions will not apply if the Owner is: o • the trustee of an employee trust that is qualified under the Internal Revenue Code; or o • the custodian of a custodial account treated as an employee trust that is qualified under the Internal Revenue Code. The restrictions do not preclude the employer under a nontrusteed plan from transferring ownership of this contract to the Annuitant or to the employer or trustee under another plan or trust when required by the plan.. XX.X.X.XX.(0805) 14

Transferability Restrictions. Notwithstanding any other provisions of this contract, the Owner may not: o • change the ownership of the contract; or o • sell the contract, or assign or pledge the contract as collateral for a loan or as security for the performance of an obligation or for any other purpose, to any person other than the Company. These restrictions will not apply if the Owner is: o • the trustee of an employee trust that is qualified under the Internal Revenue Code; or o • the custodian of a custodial account treated as an employee trust that is qualified under the Internal lnternal Revenue Code. The restrictions do not preclude the employer under a nontrusteed non-trusteed plan from transferring ownership of this contract to the Annuitant or to the employer or trustee under another plan or trust when required by the plan.

Transferability Restrictions. Notwithstanding any other provisions of this contract, the Owner may not: o . change the ownership of the contract; or o . sell the contract, or assign or pledge the contract as collateral for a loan or as security for the performance of an obligation or for any other purpose, to any person other than the Company. These restrictions will not apply if the Owner is: o . the trustee of an employee trust that is qualified under the Internal Revenue Code; or o . the custodian of a custodial account treated as an employee trust that is qualified under the Internal Revenue Code. The restrictions do not preclude the employer under a nontrusteed plan from transferring ownership of this contract to the Annuitant or to the employer or trustee under another plan or trust when required by the plan.. RP.V.A.BK.(0803) 15

Transferability Restrictions. Notwithstanding any other provisions of this contract, the Owner may not: o . change the ownership of the contract; or o . sell the contract, or assign or pledge the contract as collateral for a loan or as security for the performance of an obligation or for any other purpose, to any person other than the Company. These restrictions will not apply if the Owner is: o . the trustee of an employee trust that is qualified under the Internal Revenue Code; or o . the custodian of a custodial account treated as an employee trust that is qualified under the Internal Revenue Code. The restrictions do not preclude the employer under a nontrusteed plan from transferring ownership of this contract to the Annuitant or to the employer or trustee under another plan or trust when required by the plan.. XX.X.X.XX.(0803) 14

Transferability Restrictions. Notwithstanding any other provisions of this contractContract, the Owner may not: o • change the ownership of the contractContract; or o • sell the contractContract, or assign or pledge the contract Contract as collateral for a loan or as security for the performance of an obligation or for any other purpose, to any person other than the Company. These restrictions will not apply if the Owner is: o • the trustee of an employee trust that is qualified under the Internal Revenue Code; or o • the custodian of a custodial account treated as an employee trust that is qualified under the Internal Revenue Code. The restrictions do not preclude the employer under a nontrusteed plan from transferring ownership of this contract Contract to the Annuitant or to the employer or trustee under another plan or trust when required by the plan.. ICC12.RR.VA.ABK.(0313) 16

Transferability Restrictions. Notwithstanding any other provisions of this contract, the Owner may not: o . change the ownership of the contract; or o . sell the contract, or assign or pledge the contract as collateral for a loan or as security for the performance of an obligation or for any other purpose, to any person other than the Company. These restrictions will not apply if the Owner is: o . the trustee of an employee trust that is qualified under the Internal Revenue Code; or o . the custodian of a custodial account treated as an employee trust that is qualified under the Internal Revenue Code. The restrictions do not preclude the employer under a nontrusteed plan from transferring ownership of this contract to the Annuitant or to the employer or trustee under another plan or trust when required by the plan.. RP.V.A.BK.(0704) 15