Common use of Unallocable Deposits Clause in Contracts

Unallocable Deposits. (a) If complete allocation instructions for any Deposit have not been received by us in order for us to perform our duties under this Contract, we will direct such Deposit to the Pending Allocation Account. (b) We will follow up with you monthly for a period of 90 days for allocation instructions for Account Values in the Pending Allocation Account. (c) Within two Business Days for an initial Deposit described in B.2. above, or otherwise as of the Business Day of receipt of complete allocation instructions, the Account Value in the Pending Allocation Account will be transferred to the Subaccounts or the Fixed Account, as instructed. (d) If allocation instructions are not received after the 90-day notice, we will refund the Deposits in the Pending Allocation Account, together with earnings thereon (unless applicable Code or ERISA requirements preclude return of the Deposits and/or the earnings) within 105 days of the date of receipt of the Deposit. (e) The Pending Allocation Account will only be used for the purpose mentioned in this Section III.C.3; you or Participants may not direct a portion of Deposits to this Subaccount. Deposits directed to the Pending Allocation Account will not be afforded the same rights as other Deposits under this Contract.

Unallocable Deposits. (a) If complete allocation instructions for any Deposit have not been received by us in order for us to perform our duties under this Contract, we will direct such Deposit to the Pending Allocation Account. (b) We will follow up with you monthly for a period of 90 days for allocation instructions for Account Values in the Pending Allocation Account. (c) Within two Business Days for an initial Deposit described in B.2. above, or otherwise as of the Business Day of receipt of complete allocation instructions, the Account Value in the Pending Allocation Account will be transferred to the Subaccounts or the Fixed Account, as instructed. (d) If allocation instructions are not received after the 90-90 day notice, we will refund the Deposits in the Pending Allocation Account, together with earnings thereon (unless applicable Code or ERISA requirements preclude return of the Deposits and/or the earnings) within 105 days of the date of receipt of the Deposit. (e) The Pending Allocation Account will only be used for the purpose mentioned in this Section III.C.3; you or Participants may not direct a portion of Deposits to this Subaccount. Deposits directed to the Pending Allocation Account will not be afforded the same rights as other Deposits under this Contract.