Common use of Round Trip Clause in Contracts

Round Trip. A Contractholder-Initiated transfer into a Restricted Fund(s) followed by a Contractholder-Initiated transfer out of that same Restricted Fund within a 30 calendar day period. (g) Second Round Trip — A Contractholder-Initiated transfer into a Restricted Fund followed by a Contractholder-Initiated transfer out of that same Restricted Fund within a 30 calendar-day period beginning on the calendar day a Round Trip was completed.

Appears in 1 contract

Sources: Fund Participation Agreement (Protective COLI VUL)

Round Trip. A Contractholder-Initiated transfer into a Restricted Fund(s) followed by a Contractholder-Initiated transfer out of that same Restricted Fund within a 30 calendar day period. (g) Second Round Trip A Contractholder-Initiated transfer into a Restricted Fund followed by a Contractholder-Initiated transfer out of that same Restricted Fund within a 30 calendar-day period beginning on the calendar day a Round Trip was completed.

Appears in 1 contract

Sources: Fund Participation Agreement (PLAIC Variable Annuity Account S)