Common use of Systematic Distribution Options Clause in Contracts

Systematic Distribution Options. Without further amendment of this Contract, the Company may, from time to time, establish and make available for election by the Contract Holder, one or more Systematic Distribution Options (SDO). When an SDO election is in effect as to any Contract, automatic withdrawals will be made from the Contract. No Surrender Fees apply to such automatic withdrawals made under an SDO, however a GAA market value adjustment may apply (see 3.17(b). (a) Any SDO established by the Company will be made available among similarly situated contracts uniformly and on the basis of objective criteria cocsistently applied. (b) The availability of any SDO may be limited by terms and conditions applicable to the election of such SDO; and