Common use of SOURCE OPTION Clause in Contracts

SOURCE OPTION. The Investment Division made available by the Company and selected by the Owner from which amounts will be transferred to a Designated Option(s) pursuant to one of the Company's systematic investment programs. VA780NY 6 DEFINITIONS (CONT'D) UNDERLYING MUTUAL FUNDS. The registered management investment companies in which assets of the Investment Divisions of the Separate Account will be invested. WITHDRAWAL CHARGE. The charge assessed against certain withdrawals from the Separate Account Contract Value. The Withdrawal Charge Schedule is shown on the Contract Data Page. WITHDRAWAL VALUE. The Separate Account Contract Value, less any tax payable, applicable Withdrawal Charges and Monthly Contract Charge.

SOURCE OPTION. The Investment Division made available by the Company and selected by the Owner from which amounts will be transferred to a Designated Option(s) pursuant to one of the Company's systematic investment programs. VA780NY ICC16 VA780 6 DEFINITIONS (CONT'D) UNDERLYING MUTUAL FUNDS. The registered management investment companies in which assets of the Investment Divisions of the Separate Account will be invested. WITHDRAWAL CHARGE. The charge assessed against certain withdrawals from the Separate Account Contract Value. The Withdrawal Charge Schedule is shown on the Contract Data Page. WITHDRAWAL VALUE. The Separate Account Contract Value, less any tax payable, applicable Withdrawal Charges and Monthly Contract Charge.