Control of Contract definition

Control of Contract. All rights in this Contract rest with the Contract Holder. The Contract Holder owns all amounts held under this Contract. The Contract Holder may make any choices allowed by this Contract. Any choices under this Contract must be in writing. Until receipt of such choices in its Home Office, Aetna may rely on any prior choices made. The Contract may not be transferred. The Contract may not be assigned except to the Company.

Control of Contract. All rights in this Contract rest with the Contract Holder. The Contract Holder owns all amounts held under this Contract. The Contract Holder, or authorized designee of the Contract Holder (as allowed by law), may make any choices allowed by this Contract. Any choices under this Contract must be in writing. Until receipt of such choices in its Home Office, Aetna may rely on any prior choices made. This Contract is not subject to the claims of any creditor except to the extent permitted by law. Any payment(s) made under this Contract to other than the Contract Holder must be in compliance with the provisions of the Retirement Equity Act of 1984 (Act). At the time payment is requested or an Annuity Option is elected by the Contract Holder, Aetna will require the Contract Holder to certify the payment option is elected in compliance with the Act. In the absence of such certification, payment will be made to the Contract Holder.

Control of Contract. This Contract is designed to fund a plan which provides for retirement income. The Contract Holder may, by written direction to Aetna, allow Participants to select the investment options of their Employer and/or Employee Accounts. Choices made under this Contract must be in writing or in a form satisfactory to Aetna. Until receipt of such choices in its Home Office, Aetna may rely on any previous choices made.

Examples of Control of Contract in a sentence

• Control of the Contract is as shown on Contract Schedule I under Control of Contract.

• Employer Custodial Amounts means amounts attributable to contributions made to a custodial account under Code Section 403(b)(7) (including earnings thereon) that are not elective deferrals, and which are contributed to the Contract pursuant to an intra-plan exchange or plan-to-plan transfer described in the Control of Contract section.

• With respect to amounts exchanged or transferred to the Contract as described in the Control of Contract section, the Contract imposes distribution restrictions that are not less stringent than those imposed under the contract being exchanged or under the transfer or plan, whichever is applicable, in accordance with Section 1.403(b)-10(b)(2) of the Treasury Regulations.

• Employer Custodial Amounts means amounts attributable to contributions made to a custodial account under Code Section 403(b)(7) (including earnings thereon) that are not elective deferrals, and which are contributed to this Contract pursuant to an intra-plan exchange or plan-to-plan transfer described under Control of Contract above.

• With respect to amounts exchanged or transferred to this Contract as described in the Control of Contract provision, this Contract imposes distribution restrictions that are not less stringent than those imposed under the contract being exchanged or under the transfer or plan, whichever is applicable, in accordance with Section 1.403(b)-10(b)(2) of the Treasury Regulations.

More Definitions of Control of Contract

Control of Contract. The Contract Holder has no right, title or interest in the amounts held under the Contract either by reason of remitting Purchase Payment(s) or applying for this Contract. Each Participant shall own all amounts held in his or her Individual Account. Each Participant may make any choices allowed by this Contract for his or her Individual Account. Choices made under this Contract must be in writing. Until receipt of such choices in its Home Office, the Company may rely on any previous choices made. This Contract and any Individual Accounts shall not be subject to the claims of any creditors. This Contract and any Individual Accounts are nonassignable and nontransferable except to the Company.

Control of Contract. This Contract is designed to fund a plan which provides for retirement income.

Control of Contract. The Certificate Holder may assign or (Cont'd): transfer his or her rights under the Contract. Aetna reserves the right not to accept assignment or transfer to a nonnatural person. Any assignment or transfer made must be submitted to Aetna's Home Office in writing and will not be effective until accepted by Aetna. Aetna assumes no responsibility for the validity of any assignment.

Control of Contract. All rights in this Contract rest with the Contract Holder. The Contract Holder owns all amounts held under this Contract. The Contract Holder I-CDA-HD (XC) 22 may make any choices allowed by this Contract. Any choices under this Contract must be in writing. Until receipt of such choices in its Home Office, Aetna may rely on any prior choices made. The Contract may not be transferred. The Contract may not be assigned except to the Company.

Control of Contract. Each Contract Holder shall own all amounts held in his or her Contract. Each Contract Holder may make any choices allowed by this Contract. Choices made under this Contract must be in writing. Until receipt of such choices in its Home Office, Aetna may rely on any previous choices made. This Contract and any accounts shall not be subject to the claims of any creditors. This Contract is nonassignable, and nontransferable except to Aetna in the event of any outstanding loan plus interest, or pursuant to a "qualified domestic relations order" as set forth under the Retirement Equity Act of 1984.

Control of Contract. The Contract is not subject to the (Cont'd) claims of any creditors of the Contract Holder or the Certificate Holder, except to the extent permitted by law. The Certificate Holder may assign or transfer his or her rights under the Contract. Aetna reserves the right not to accept assignment or transfer to a nonnatural person. Any assignment or transfer made must be submitted to Aetna's Home Office in writing and will not be effective until accepted by Aetna. Aetna assumes no responsibility for the validity of any assignment.

Control of Contract. (CONT'D): Holder, Aetna will require the Contract Holder to certify that it is elected in compliance with REA. In the absence of such certification or at Aetna's discretion, payment will be made to the Contract Holder.