Common use of Prohibited Amendments Clause in Contracts

Prohibited Amendments. (a) Notwithstanding our right to initiate changes under Section 8.5, we may not initiate changes to the minimum Guaranteed Rate specified in Section 3.4, our obligation to set Guaranteed Rates for the period of time specified in Sections 3.2 and 3.3, the payment provisions upon contract termination specified in Section 9.2, the maximum charge levels listed in the Table of Contract Charges, or the Table of Guaranteed Immediate Annuities. (b) No modification to this contract may change the terms of a previously purchased annuity or reduce any interest guarantee applicable to Participant Account balances held in the FIA on the modification's effective date. GBErTDA.OM-K [(SBR)] 18

Appears in 1 contract

Sources: Guaranteed Benefit Employer Sponsored Tda Contract (Aul American Unit Trust)

Prohibited Amendments. (a) Notwithstanding Nothwithstanding our right to initiate changes under Section 8.58.4, we may not initiate changes to the minimum Guaranteed Rate specified in Section 3.4, our obligation to set Guaranteed Rates for the period of time specified in Sections 3.2 and 3.3, the payment upon rejection of a declared Guaranteed Rate specified in Section 3.5, the payment provisions upon contract termination specified in Section 9.2, the maximum charge levels listed in the Table of Contract Charges, or the Table of Guaranteed Immediate Annuities. (b) No modification to this contract may change the terms of a previously purchased annuity or reduce any interest guarantee applicable to Participant Account balances held in the FIA on the modification's effective date. GBErTDA.OMP-K [(SBR)] 18GB-K-ERTDAMFVA.15

Appears in 1 contract

Sources: Insurance Contract (Aul American Unit Trust)

Prohibited Amendments. (a) Notwithstanding our right to initiate changes under Section 8.5, we may not initiate changes to the minimum Guaranteed Rate specified in Section 3.4, our obligation to set Guaranteed Rates for the period of time specified in Sections 3.2 and 3.3, the payment provisions upon contract termination specified in Section 9.2, the maximum charge levels listed in the Table of Contract Charges, or the Table of Guaranteed Immediate Annuities. (b) No modification to this contract the Contract may change the terms of a previously purchased annuity or reduce any interest guarantee applicable to your Participant Account balances balance held in the FIA on the modification's effective date. GBErTDA.OM-K C [(SBR)] 18

Appears in 1 contract

Sources: Guaranteed Benefit Employer Sponsored Tda Contract (Aul American Unit Trust)

Prohibited Amendments. (a) Notwithstanding Despite our right to initiate changes under Section 8.58.4, we may not initiate changes to the minimum Guaranteed Rate specified in Section 3.4, our obligation to set Guaranteed Rates for the period of time specified in Sections 3.2 and 3.3, the payment upon rejection of a declared Guaranteed Rate specified in Section 3.5, the payment provisions upon contract termination specified in Section 9.2, the maximum charge levels listed in the Table of Contract Charges, or the Table of Guaranteed Immediate Annuities. (b) No modification to this contract may change the terms of a previously purchased annuity or reduce any interest guarantee applicable to Participant Account balances held in the FIA on the modification's effective date. GBErTDA.OMP-K [(SBR)] 18GB-K-AUL1MFVA.16

Appears in 1 contract

Sources: Insurance Contract (Aul American Unit Trust)

Prohibited Amendments. (a) Notwithstanding Nothwithstanding our right to initiate changes under Section 8.58.4, we may not initiate changes to the minimum Guaranteed Rate specified in Section 3.4, our obligation to set Guaranteed Rates for the period of time specified in Sections Section 3.2 and 3.3, the payment upon rejection of a declared Guaranteed Rate specified in Section 3.5, the payment provisions upon contract Contract termination specified in Section 9.2, the maximum charge levels listed in the Table of Contract Charges, or the Table of Guaranteed Immediate Annuities. (b) No modification to this contract the Contract may change the terms of a previously purchased annuity or reduce any interest guarantee applicable to your Participant Account balances held in the FIA on the modification's effective date. GBErTDA.OMP-K [(SBR)] 18GB-C-ERTDAMFVA.16

Appears in 1 contract

Sources: Insurance Contract (Aul American Unit Trust)

Prohibited Amendments. (a) Notwithstanding Despite our right to initiate changes under Section 8.58.4, we may not initiate changes to the minimum Guaranteed Rate specified in Section 3.4, our obligation to set Guaranteed Rates for the period of time specified in Sections Section Section 3.2 and 3.3, the payment upon rejection of a declared Guaranteed Rate specified in Section 3.5, the payment provisions upon contract Contract termination specified in Section 9.2, the maximum charge levels listed in the Table of Contract Charges, or the Table of Guaranteed Immediate Annuities. (b) No modification to this contract the Contract may change the terms of a previously purchased annuity or reduce any interest guarantee applicable to your Participant Account balances held in the FIA on the modification's effective date. GBErTDA.OMP-K [(SBR)] 18GB-C-AUL1MFVA.15

Appears in 1 contract

Sources: Insurance Contract (Aul American Unit Trust)