Common use of Change of Contract Clause in Contracts

Change of Contract. Any addition or change made to this Contract shall take effect only when such change has been executed by the authorized representatives of each Party. If IBS deems necessary for the purposes of the RISP project, the IBS may issue a work order to the Contractor in advance, for all or part of the work, before this Contract takes effect. The Contractor shall commence the work after receiving the work order from the IBS, unless there is a special reason for not doing so. In the event that the IBS issues the work order, except in the case of special circumstances, all conditions of this Contract shall apply to the work within the scope of the work order, and such work shall be deemed to have been performed under this Contract, on the condition that this Contract is then effective. The IBS may change the work by giving written notice to the Contractor, and the Contractor shall perform the changed work accordingly. In the event that change of this Contract is required due to a change in the nature of the work, the Parties may change this Contract by mutual agreement. In the event that the Contractor needs to change this Contract due to an order for a change of work as issued by the IBS, the Contractor shall notify the IBS of the necessity to change this Contract, and submit a written proposal for the change of work within 30 days from the Contractor’s receipt of the notification from the IBS. The Contractor shall perform the changed work upon change of the contract or at the time as mutually agreed between the Parties; provided, however, that in the event that the IBS urgently requests a change of work due to urgent matters pertaining to the RISP project, the Contractor shall perform the changed work immediately even before the change of this Contract. The Contractor may issue a request for a change of work, including improvement of the specifications, to the IBS. The Contractor shall provide the IBS the necessary data and information to review such request. In the event that the IBS approves the change of work, the Contractor shall perform the approved work and, if necessary, this Contract can be changed.

Change of Contract. Any addition The Company reserves the right to make any change to the provisions of the Contract to comply with or change made to this Contract shall take effect only when give the Participant the benefit of any federal or state statute, rule or regulation. This includes, but is not limited to, requirements for annuity contracts under the Internal Revenue Code or the laws of any state. The Company will provide the Owner with a copy of any such change has been executed by and will also file such a change with the authorized representatives of each Party. If IBS deems necessary for the purposes insurance regulatory officials of the RISP project, state in which the IBS may issue a work order to the Contractor in advance, for all or part of the work, before this Contract takes effect. The Contractor shall commence the work after receiving the work order from the IBS, unless there is a special reason for not doing sodelivered. In the event that the IBS issues the work orderaddition, except in the case of special circumstances, all conditions of this Contract shall apply to the work within the scope of the work order, and such work shall be deemed to have been performed under this Contract, on the condition that this Contract is then effective. The IBS may change the work by giving upon at least 30 days written notice to the ContractorOwner, the Company may make other changes to this Contract that will apply only to individuals who become Participants after the effective date of such change. All such changes will be subject to any applicable regulatory requirements. FUTURE PARTICIPANTS The Company may in its discretion curtail or prohibit new Participants under the Contract upon written notice to the Owner. MISSTATEMENT OF AGE If the age of the Participant has been misstated, payments shall be adjusted, when allowed by law, to the amount which would have been provided for the correct age. Proof of the age of the Participant may be required at any time, in a form suitable to the Company. If payments have already commenced and the misstatement has caused an underpayment, the full amount due will be paid with the next scheduled payment. If the misstatement has caused an overpayment, the amount due will be deducted from one or more future payments. EVIDENCE OF SURVIVAL When any payments under this Contract depend on the payee being alive on a given date, proof that the payee is living may be required by the Company. Such proof must be in a form accepted by the Company, and may be required prior to making the Contractor shall perform payments. ASSIGNMENT This Contract cannot be sold, assigned, discounted, or pledged as collateral for a loan or as security for the changed work accordinglyperformance of an obligation. In The benefits, values, and rights under the event Contract are not subject to any creditor claims to the fullest extent permitted by law. The Contract and its rights cannot be transferred to anyone other than the Company, except as provided under the Plan or under a domestic relations order properly issued by a court of competent jurisdiction and that change of this Contract is required due complies with ERISA, if applicable. To the extent permitted by the Internal Revenue Code and applicable law, the Company will make a Full or Partial Withdrawal payable to a change in third party upon the nature of Participant's request. -7- BP 6023R1 -------------------------------------------------------------------------------- GENERAL PROVISIONS (Continued) -------------------------------------------------------------------------------- TRANSFERS The Participant may Transfer Contract Value among the work, General Account and Series subject to the Parties following. The Participant may change this make only 14 transfers per Contract by mutual agreementYear. In the event that the Contractor needs to change this Contract due to an order for a change of work as issued by the IBS, the Contractor shall notify the IBS of the necessity to change this Contract, and submit a written proposal for the change of work Transfers are not allowed within 30 days of the Annuity Commencement Date. Automatic Transfers are not included in the 14 transfers allowed per Contract Year. After the Annuity Commencement Date, for Annuity Options 1 through 4, 7 and 8, the Participant may Transfer Contract Value only among Series. The Company reserves the right to: (1) limit the amount that may be subject to Transfer; (2) waive or limit the number of Transfers allowed each Contract Year; and (3) suspend Transfers. Transfers must be at least $500.00 or, if less, the remaining balance in the General Account or a Series. The total dollar amount that may be Transferred from the Contractor’s receipt of the notification from the IBS. The Contractor shall perform the changed work upon change of the contract or at the time as mutually agreed between the Parties; provided, however, that General Account in the event that the IBS urgently requests a change of work due to urgent matters pertaining Contract Year is limited to the RISP project, the Contractor shall perform the changed work immediately even before the change of this Contract. The Contractor may issue a request for a change of work, including improvement of the specifications, to the IBS. The Contractor shall provide the IBS the necessary data and information to review such request. In the event that the IBS approves the change of work, the Contractor shall perform the approved work and, if necessary, this Contract can be changed.greatest of:

Change of Contract. Any addition The Company reserves the right to make any change to the provisions of the Contract to comply with or change made to this Contract shall take effect only when give the Participant the benefit of any federal or state statute, rule or regulation. This includes, but is not limited to, requirements for annuity contracts under the Internal Revenue Code or the laws of any state. The Company will provide the Owner with a copy of any such change has been executed by and will also file such a change with the authorized representatives of each Party. If IBS deems necessary for the purposes insurance regulatory officials of the RISP project, state in which the IBS may issue a work order to the Contractor in advance, for all or part of the work, before this Contract takes effect. The Contractor shall commence the work after receiving the work order from the IBS, unless there is a special reason for not doing sodelivered. In the event that the IBS issues the work orderaddition, except in the case of special circumstances, all conditions of this Contract shall apply to the work within the scope of the work order, and such work shall be deemed to have been performed under this Contract, on the condition that this Contract is then effective. The IBS may change the work by giving upon at least 30 days written notice to the ContractorOwner, the Company may make other changes to this Contract that will apply only to individuals who become Participants after the effective date of such change. All such changes will be subject to any applicable regulatory requirements. FUTURE PARTICIPANTS The Company may in its discretion curtail or prohibit new Participants under the Contract upon written notice to the Owner. MISSTATEMENT OF AGE If the age of the Participant has been misstated, payments shall be adjusted, when allowed by law, to the amount which would have been provided for the correct age. Proof of the age of Participant may be required at any time, in a form suitable to the Company. If payments have already commenced and the misstatement has caused an underpayment, the full amount due will be paid with the next scheduled payment. If the misstatement has caused an overpayment, the amount due will be deducted from one or more future payments. EVIDENCE OF SURVIVAL When any payments under the Contract depend on the payee being alive on a given date, proof that the payee is living may be required by the Company. Such proof must be in a form accepted by the Company. The Company will have the right to make reduced payments or withhold payments entirely until such proof is received. INCONTESTABILITY The Contract will not be contested after it has been in force for two years from the Contract Date during the life of the Participant. -7- BP 630BB1 -------------------------------------------------------------------------------- GENERAL PROVISIONS (Continued) -------------------------------------------------------------------------------- ASSIGNMENT The Contract cannot be sold, assigned, discounted, or pledged as collateral for a loan or as security for the performance of an obligation. The benefits, values, and rights under the Contractor shall perform Contract are not subject to any creditor claims to the changed work accordinglyfullest extent permitted by law. In The Contract and its rights cannot be transferred to anyone other than the event Company, except as provided under the Plan or under a domestic relations order properly issued by a court of competent jurisdiction and that change of this Contract is required due complies with ERISA, if applicable. To the extent permitted by the Code and applicable law, the Company will make a Full or Partial Withdrawal payable to a change in third party upon the nature of Participant's request. TRANSFERS The Participant may Transfer Contract Value among the work, General Account options and Series subject to the Parties following. The Participant may change this make only 14 Transfers per Contract by mutual agreementYear. In the event that the Contractor needs to change this Contract due to an order for a change of work as issued by the IBS, the Contractor shall notify the IBS of the necessity to change this Contract, and submit a written proposal for the change of work Transfers are not allowed within 30 days from the Contractor’s receipt of the notification from the IBSAnnuity Commencement Date. The Contractor shall perform the changed work upon change of the contract or at the time as mutually agreed between the Parties; provided, however, that Automatic Transfers are not included in the event that 14 Transfers allowed per Contract Year. After the IBS urgently requests a change of work due to urgent matters pertaining Annuity Commencement Date, for Annuity Options 1 through 4, 7 and 8, the Owner may Transfer Contract Value only among Series. With respect to the RISP projectDCA Plus Account, the Contractor shall perform the changed work immediately even before the change of this Contract. The Contractor may issue a request for a change of work, including improvement of the specifications, Transfers are allowed from that Account only to the IBS. The Contractor shall provide Series and Transfers are not allowed from any Series or the IBS Traditional General Account to the necessary data and information to review such request. In the event that the IBS approves the change of work, the Contractor shall perform the approved work and, if necessary, this Contract can be changedDCA Plus Account.

Change of Contract. Any addition The Company reserves the right to make any change to the provisions of the Contract to comply with or change made to this Contract shall take effect only when give the Participant the benefit of any federal or state statute, rule or regulation. This includes, but is not limited to, requirements for annuity contracts under the Internal Revenue Code or the laws of any state. The Company will provide the Owner with a copy of any such change has been executed by and will also file such a change with the authorized representatives of each Party. If IBS deems necessary for the purposes insurance regulatory officials of the RISP project, state in which the IBS may issue a work order to the Contractor in advance, for all or part of the work, before this Contract takes effect. The Contractor shall commence the work after receiving the work order from the IBS, unless there is a special reason for not doing sodelivered. In the event that the IBS issues the work orderaddition, except in the case of special circumstances, all conditions of this Contract shall apply to the work within the scope of the work order, and such work shall be deemed to have been performed under this Contract, on the condition that this Contract is then effective. The IBS may change the work by giving upon at least 30 days written notice to the ContractorOwner, the Company may make other changes to this Contract that will apply only to individuals who become Participants after the effective date of such change. All such changes will be subject to any applicable regulatory requirements. FUTURE PARTICIPANTS The Company may in its discretion curtail or prohibit new Participants under the Contract upon written notice to the Owner. MISSTATEMENT OF AGE OR SEX If the age or sex of the Participant has been misstated, payments shall be adjusted, when allowed by law, to the amount which would have been provided for the correct age or sex. Proof of the age of the Participant may be required at any time, in a form suitable to the Company. If payments have already commenced and the misstatement has caused an underpayment, the full amount due will be paid with the next scheduled payment. If the misstatement has caused an overpayment, the amount due will be deducted from one or more future payments. EVIDENCE OF SURVIVAL When any payments under this Contract depend on the payee being alive on a given date, proof that the payee is living may be required by the Company. Such proof must be in a form accepted by the Company, and may be required prior to making the Contractor shall perform payments. ASSIGNMENT This Contract cannot be sold, assigned, discounted, or pledged as collateral for a loan or as security for the changed work accordinglyperformance of an obligation. In The benefits, values, and rights under the event Contract are not subject to any creditor claims to the fullest extent permitted by law. The Contract and its rights cannot be transferred to anyone other than the Company, except as provided under the Plan or under a domestic relations order properly issued by a court of competent jurisdiction and that change of this Contract is required due complies with ERISA, if applicable. To the extent permitted by the Internal Revenue Code and applicable law, the Company will make a Full or Partial Withdrawal payable to a change in third party upon the nature of Participant's request. -7- BP 6023D1 -------------------------------------------------------------------------------- GENERAL PROVISIONS (Continued) -------------------------------------------------------------------------------- TRANSFERS The Participant may Transfer Contract Value among the work, General Account and Series subject to the Parties following. The Participant may change this make only 14 transfers per Contract by mutual agreementYear. In the event that the Contractor needs to change this Contract due to an order for a change of work as issued by the IBS, the Contractor shall notify the IBS of the necessity to change this Contract, and submit a written proposal for the change of work Transfers are not allowed within 30 days of the Annuity Commencement Date. Automatic Transfers are not included in the 14 transfers allowed per Contract Year. After the Annuity Commencement Date, for Annuity Options 1 through 4, 7 and 8, the Participant may Transfer Contract Value only among Series. The Company reserves the right to: (1) limit the amount that may be subject to Transfer; (2) waive or limit the number of Transfers allowed each Contract Year; and (3) suspend Transfers. Transfers must be at least $500.00 or, if less, the remaining balance in the General Account or a Series. The total dollar amount that may be Transferred from the Contractor’s receipt of the notification from the IBS. The Contractor shall perform the changed work upon change of the contract or at the time as mutually agreed between the Parties; provided, however, that General Account in the event that the IBS urgently requests a change of work due to urgent matters pertaining Contract Year is limited to the RISP project, the Contractor shall perform the changed work immediately even before the change of this Contract. The Contractor may issue a request for a change of work, including improvement of the specifications, to the IBS. The Contractor shall provide the IBS the necessary data and information to review such request. In the event that the IBS approves the change of work, the Contractor shall perform the approved work and, if necessary, this Contract can be changed.greatest of:

Change of Contract. Any addition The Company reserves the right to make any change to the provisions of the Contract to comply with or change made to this Contract shall take effect only when give the Participant the benefit of any federal or state statute, rule or regulation. This includes, but is not limited to, requirements for annuity contracts under the Internal Revenue Code or the laws of any state. The Company will provide the Owner with a copy of any such change has been executed by and will also file such a change with the authorized representatives of each Party. If IBS deems necessary for the purposes insurance regulatory officials of the RISP project, state in which the IBS may issue a work order to the Contractor in advance, for all or part of the work, before this Contract takes effect. The Contractor shall commence the work after receiving the work order from the IBS, unless there is a special reason for not doing sodelivered. In the event that the IBS issues the work orderaddition, except in the case of special circumstances, all conditions of this Contract shall apply to the work within the scope of the work order, and such work shall be deemed to have been performed under this Contract, on the condition that this Contract is then effective. The IBS may change the work by giving upon at least 30 days written notice to the ContractorOwner, the Company may make other changes to this Contract that will apply only to individuals who become Participants after the effective date of such change. All such changes will be subject to any applicable regulatory requirements. FUTURE PARTICIPANTS The Company may in its discretion curtail or prohibit new Participants under the Contract upon written notice to the Owner. MISSTATEMENT OF AGE OR SEX If the age or sex of the Participant has been misstated, payments shall be adjusted, when allowed by law, to the amount which would have been provided for the correct age or sex. Proof of the age of Participant may be required at any time, in a form suitable to the Company. If payments have already commenced and the misstatement has caused an underpayment, the full amount due will be paid with the next scheduled payment. If the misstatement has caused an overpayment, the amount due will be deducted from one or more future payments. EVIDENCE OF SURVIVAL When any payments under the Contract depend on the payee being alive on a given date, proof that the payee is living may be required by the Company. Such proof must be in a form accepted by the Company. The Company will have the right to make reduced payments or withhold payments entirely until such proof is received. INCONTESTABILITY The Contract will not be contested after it has been in force for two years from the Contract Date during the life of the Participant. -7- BP 630AA1 -------------------------------------------------------------------------------- GENERAL PROVISIONS (Continued) -------------------------------------------------------------------------------- ASSIGNMENT The Contract cannot be sold, assigned, discounted, or pledged as collateral for a loan or as security for the performance of an obligation. The benefits, values, and rights under the Contractor shall perform Contract are not subject to any creditor claims to the changed work accordinglyfullest extent permitted by law. In The Contract and its rights cannot be transferred to anyone other than the event Company, except as provided under the Plan or under a domestic relations order properly issued by a court of competent jurisdiction and that change of this Contract is required due complies with ERISA, if applicable. To the extent permitted by the Code and applicable law, the Company will make a Full or Partial Withdrawal payable to a change in third party upon the nature of Participant's request. TRANSFERS The Participant may Transfer Contract Value among the work, General Account options and Series subject to the Parties following. The Participant may change this make only 14 Transfers per Contract by mutual agreementYear. In the event that the Contractor needs to change this Contract due to an order for a change of work as issued by the IBS, the Contractor shall notify the IBS of the necessity to change this Contract, and submit a written proposal for the change of work Transfers are not allowed within 30 days from the Contractor’s receipt of the notification from the IBSAnnuity Commencement Date. The Contractor shall perform the changed work upon change of the contract or at the time as mutually agreed between the Parties; provided, however, that Automatic Transfers are not included in the event that 14 Transfers allowed per Contract Year. After the IBS urgently requests a change of work due to urgent matters pertaining Annuity Commencement Date, for Annuity Options 1 through 4, 7 and 8, the Owner may Transfer Contract Value only among Series. With respect to the RISP projectDCA Plus Account, the Contractor shall perform the changed work immediately even before the change of this Contract. The Contractor may issue a request for a change of work, including improvement of the specifications, Transfers are allowed from that Account only to the IBS. The Contractor shall provide Series and Transfers are not allowed from any Series or the IBS Traditional General Account to the necessary data and information to review such request. In the event that the IBS approves the change of work, the Contractor shall perform the approved work and, if necessary, this Contract can be changedDCA Plus Account.