Segment Type Holding Account definition

Segment Type Holding Account means an account that holds all contributions and transfers allocated to a Segment pending investment in a Segment. There is a Segment Type Holding Account for each Segment Type. A Segment Type Holding Account is a Variable Investment Option and is part of the [EQ/Money Market]. We have the right to designate another Division for purposes of the Segment Type Holding Account. We will notify you of any such change prior to our use of any alternative Division for the Segment Type Holding Account.
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Segment Type Holding Account means an account that holds contributions and transfers allocated to a Segment Type pending investment in a Segment. There is a Segment Type Holding Account for each Segment Type. A Segment Type Holding Account is a Variable Investment Option and is currently part of the [EQ/Money Market Variable Investment Option]. We have the right to designate another Investment Option for purposes of the Segment Type Holding Account. We will notify you of any such change prior to our use of any alternative Investment Option for the Segment Type Holding Account.
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Segment Type Holding Account means an account that holds all contributions and transfers allocated to a Segment Type pending investment in a Segment. There is a Segment Type Holding Account for each Segment Type. A Segment Type Holding Account is a Variable Investment Option and is currently part of the [EQ/Money Market Variable Investment Option]. We have the right to designate another Investment Option for purposes of the Segment Type Holding Account. We will notify you of any such change prior to our use of any alternative Investment Option for the Segment Type Holding Account. [The Contract Fee shown in the Data Pages is not applicable to the Segment Type Holding Account. However, when amounts are allocated to the [EQ/Money Market Variable Investment Option] for purposes other than the Segment Type Holding Account, such amounts are subject to the Contract Fee as it applies to the Variable Investment Options.]
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Examples of Segment Type Holding Account in a sentence

  • Any amounts in such Segment Type Holding Account or Segment will be automatically transferred to the Variable Investment Option shown in your Data Pages.

  • Amounts will not be transferred from a Segment Type Holding Account into a Segment or from one Segment to another if the Segment Maturity Date will be later than the remaining distribution period.

  • If we suspend the offering of new Segments for a Segment Type, amounts invested in the Segment Type Holding Account for that Segment Type will remain in the Segment Type Holding Account until the next Segment Start Date that Segment Participation Requirements are met on or after the date, we lift the suspension or until you instruct us to transfer amounts out of the Segment Type Holding Account.

  • In general, amounts that are not invested in a Segment because Segment Participation Requirements have not been met will be held in the Segment Type Holding Account and be transferred to the next new Segment for which the Segment Participation Requirements are met, as described in Section 4.01A.

  • Unless otherwise stated in the Data Pages, all amounts in a Segment Type Holding Account will be transferred into the Segment on the Segment Start Date, provided that all Segment Participation Requirements are met.

  • Any such amounts, including the investment results of the Segment Type Holding Account are transferred from the Segment Type Holding Account to the designated Segment pursuant to the prior sentence.

  • Contributions and transfers allocated to a Segment are initially invested in the Segment Type Holding Account until the next available Segment Start Date for that Segment Type unless such allocation occurs on a Segment Transaction Date in which case amounts are directly allocated to a Segment, provided that all Segment Participation Requirements are met.

  • If the offering of a Segment Type is terminated, amounts invested in the Segment Type Holding Account will be transferred to the Variable Investment Option shown in your Data Pages.

  • Your Annuity Account Value in a Segment Type Holding Account is automatically transferred to the next new Segment that we establish in that Segment Type on its Segment Start Date, as provided in Section 4.01A.