Common use of Subsequent Variable Payments Clause in Contracts

Subsequent Variable Payments. The amount of subsequent payments will increase or decrease according to the value of Annuity Units which reflect the investment experience of the Divisions. The amount of subsequent variable payments is the sum of payments from each Division determined by multiplying the fixed number of Annuity Units by the value of an Annuity Unit on: (1) the fifth valuation date prior to the payment due date if the payment due date is a valuation date; or (2) the sixth valuation date prior to the payment due date if the payment due date is not a valuation date.