Certain Participant-Initiated Withdrawals And Transfers. Participant-initiated withdrawals or transfer requests directly or indirectly arising out of corporate acts such as spin-offs, divestitures, corporate relocations, layoffs, retirement incentive programs, partial or total Plan terminations, or the liberalization of Plan withdrawal or transfer rules, are all Contractowner Withdrawals. Such payments are not treated as Benefit Withdrawals.
Appears in 4 contracts
Sources: Group Variable Annuity Contract (Standard Insurance Co), Group Variable Annuity Contract (Standard Insurance Co), Group Variable Annuity Contract (Standard Insurance Co)
Certain Participant-Initiated Withdrawals And Transfers. Participant-Participant- ------------------------------------------------------- initiated withdrawals or transfer requests directly or indirectly arising out of corporate acts such as spin-offs, divestitures, corporate relocations, layoffs, retirement incentive programs, partial or total Plan terminations, or the liberalization of Plan withdrawal or transfer rules, are all Contractowner Withdrawals. Such payments are not treated as Benefit Withdrawals.
Appears in 1 contract
Sources: Group Variable Annuity Contract (Standard Insurance Co)