Common use of Termination of this Contract Clause in Contracts

Termination of this Contract. Subject to any restrictions under the terms of the Plan, you may elect by written notice to terminate this Contract. We will determine the Cash Value of this Contract as of the Transaction Date. If this Contract is terminated, surrendered or exchanged prior to the Annuitant's Retirement Date, any applicable tax charges we have paid may be deducted. If we previously deducted charges for applicable taxes from Contributions pursuant to Section 2.01, we will not again deduct charges for the same taxes on terminations, unless a change in applicable law has occurred with respect to this Contract. Cash Value payments may be deferred by us in accordance with the provisions of Section 4.07. Subject to the terms of the Plan, we reserve the right to pay the Annuity Account Value under this Contract and terminate this Contract if (i) you make no Contributions during the last three completed Contract Years, or (ii) you make a partial withdrawal that would result in the Annuitant's Annuity Account Value falling below $500. We also reserve the right to terminate this Contract if no Contributions have been made within 120 days from the Contract Date shown on Page 3 of this Contract. We will pay the Cash Value or Annuity Account Value, as applicable, directly to you unless you give us written notice at the time of termination that you request us to make payment to the Annuitant or another person, and that such payment is permissible under the Plan. Upon payment pursuant to this Section or the fourth paragraph of Section 2.07, the amount in the Divisions under this Contract and the Annuity Account Value with respect to this Contract shall be zero. We will be released from any and all liability for payments with respect to the Contributions from which the Annuity Account Value arose.

Termination of this Contract. Subject to any restrictions under the terms of the Plan, including the spousal consent rules set forth in Section 3.06, you may elect elect, by written notice notice, to terminate this Contract. We will determine the Cash Value of under this Contract as of the Transaction Date. If this Contract is terminated, surrendered or exchanged prior to the Annuitant's your Retirement Date, any applicable tax charges we have paid may be deducted. If we have previously deducted charges for applicable taxes from Contributions pursuant to Section 2.01, we will not again deduct charges for the same taxes on terminations, unless a change in applicable law has occurred with respect to this your Contract. The payment of such Cash Value payments may be deferred by us in accordance with the provisions of Section 4.07. If no tax has been previously deducted or if such a tax is due at termination, we will deduct the amount due. Subject to the terms of the Plan, we reserve the right to pay the Annuity Account Value under this Contract and terminate this Contract if (i) you make no Contributions are made on your behalf during the last three completed Contract Years, and the Annuity Account Value is less than $500 or (ii) you make a partial withdrawal is made that would result in the Annuitant's your Annuity Account Value falling below $500. We also reserve the right to terminate this Contract if no Contributions have been made within 120 days from the Contract Date shown on Page 3 of this Contract. We will pay the Cash Value or Annuity Account Value, as applicable, directly to you unless you give us written notice at the time of termination that you request us to make payment to the Annuitant or another person, and that such payment is permissible under the Plan. Upon payment pursuant to this Section or the fourth paragraph of Section 2.07, the amount in the Divisions under this Contract and the Annuity Account Value with respect to this Contract shall be zero. We will be released from any and all liability for payments with respect to the Contributions from which the Annuity Account Value arose.

Termination of this Contract. Subject to any restrictions under the terms of the Plan, you including the spousal consent rules set forth in Section 3.06, the Owner may elect by written notice to terminate this Contract. We will determine the Cash Value of this Contract as of the Transaction Date. If this Contract is terminated, surrendered or exchanged prior to the Annuitant's Retirement Date, any applicable tax charges we have paid may be deducted. If we have previously deducted charges for applicable taxes from Contributions pursuant to Section 2.01, we will not again deduct charges for the same taxes on terminations, unless a change in applicable law has occurred with respect to this Contract. The payment of such Cash Value payments may be deferred by us in accordance with the provisions of Section 4.07. Subject to the terms of the Plan, we reserve the right to pay the Annuity Account Value less any outstanding loan under this Contract and terminate this Contract if (i) you make no Contributions are made on your behalf during the last three completed Contract Years, and the Annuity Account Value is less than $500 or (ii) you make a partial withdrawal is made that would result in the Annuitant's your Annuity Account Value falling below $500. We also reserve the right to terminate this Contract if no Contributions contributions have been made within 120 days from of the Contract Date shown on Page 3 of this Contract. We will pay the Cash Value or Annuity Account Value, as applicable, directly to you unless you give us written notice at the time of termination that you request us to make payment to the Annuitant or another person, and that such payment is permissible under the PlanDate. Upon payment pursuant to this Section or the fourth paragraph of Section 2.07, the amount in the Divisions under this Contract and the Annuity Account Value with respect to this Contract shall be zero. We will be released from any and all liability for payments with respect to the Contributions from which the Annuity Account Value arose.

Termination of this Contract. Subject to any restrictions under the terms of the Plan, you You may elect by written notice to terminate this Contract. We will determine the Cash Value of this Contract as of the Transaction DateDate we receive your written election. If this Contract is terminated, surrendered or exchanged prior to the Annuitant's your Retirement Date, any applicable tax charges we have paid may be deducted. If we have previously deducted charges for applicable taxes from Contributions pursuant to Section 2.01, we will not again deduct charges for the same taxes on terminations, unless a change in applicable law has occurred with respect to this your Contract. The payment of such Cash Value payments may be deferred by us in accordance with the provisions of Section 4.07. Subject to the terms of the Plan, we We reserve the right to pay the Annuity Account Value under this the Contract and terminate this Contract Contract. This right may be exercised if (i) you make no Contributions are made on your behalf during the last three completed Contract YearsYears and the Annuity Account Value is less than $500, or (ii) you make a partial withdrawal that would result in the Annuitant's your Annuity Account Value falling below $500. We also reserve the right to terminate this Contract if no Contributions have been made within 120 days from months of the Contract Date shown on Page page 3 of this Contract. We will pay the Cash Value or Annuity Account Value, as applicable, directly to you unless you give us written notice at the time of termination that you request us to make payment to the Annuitant or another person, and that such payment is permissible under the Plan. Upon payment pursuant to this Section or the fourth paragraph of Section 2.07, the amount you have in the Divisions under this Contract and the Annuity Account Value with respect to this Contract shall be zero. We will be released from any and all liability for payments with respect to the Contributions from which the Annuity Account Value arose.

Termination of this Contract. Subject to any restrictions under the terms of the Plan, including the spousal consent rules set forth in Section 3.06, you may elect elect, by written notice notice, to terminate this Contract. We will determine the Cash Value of under this Contract as of the Transaction Date. If this Contract is terminated, surrendered or exchanged prior to the Annuitant's your Retirement Date, any applicable tax charges we have paid may be deducted. If we have previously deducted charges for applicable taxes from Contributions pursuant to Section 2.01, we will not again deduct charges for the same taxes on terminations, unless a change in a applicable law has occurred with respect to this your Contract. The payment of such Cash Value payments may be deferred by us in accordance with the provisions of Section 4.07. If no tax has been previously deducted or if such a tax is due at termination, we will deduct the amount due. Subject to the terms of the Plan, we reserve the right to pay the Annuity Account Value under this Contract and terminate this Contract if (i) you make no Contributions are made on your behalf during the last three completed Contract Years, and the Annuity Account Value is less than $500 or (ii) you make a partial withdrawal is made that would result in the Annuitant's your Annuity Account Value falling below $500. We also reserve the right to terminate this Contract if no Contributions have been made within 120 days from the Contract Date shown on Page 3 of this Contract. We will pay the Cash Value or Annuity Account Value, as applicable, directly to you unless you give us written notice at the time of termination that you request us to make payment to the Annuitant or another person, and that such payment is permissible under the Plan. Upon payment pursuant to this Section or the fourth paragraph of Section 2.07, the amount in the Divisions under this Contract and the Annuity Account Value with respect to this Contract shall be zero. We will be released from any and all liability for payments with respect to the Contributions from which the Annuity Account Value arose.

Termination of this Contract. Subject to any restrictions under the terms of the Plan, you You may elect by written notice notice, to terminate this Contract. We will determine the Cash Value of this Contract as of the Transaction Date. The payment of such Cash Value to you may be deferred by us in accordance with the provisions of Section 4.07. If this Contract is terminated, surrendered or exchanged prior to the Annuitant's your Retirement Date, any applicable tax charges we have paid may be deducted. If we have previously deducted charges for applicable taxes from Contributions pursuant to Section 2.01, we will not again deduct charges for the same taxes on terminations, unless a change in applicable law has occurred with respect to this your Contract. Cash Value payments may be deferred by us in accordance with the provisions of Section 4.07. Subject to the terms of the Plan, we We reserve the right to pay the Annuity Account Value under this the Contract and terminate this Contract Contract. This right may be exercised if (i) you make no Contributions are made on your behalf during the last three completed Contract YearsYears and the Annuity Account Value is less than $500, or (ii) you make a partial withdrawal is made that would result in the Annuitant's your Annuity Account Value falling below $500. We also reserve the right to terminate this Contract if no Contributions have been made within 120 days from months of the Contract Date shown on Page 3 of this Contract. We will pay the Cash Value or Annuity Account Value, as applicable, directly to you unless you give us written notice at the time of termination that you request us to make payment to the Annuitant or another person, and that such payment is permissible under the Plan. Upon payment pursuant to this Section or the fourth paragraph of Section 2.07, the amount you have in the Divisions under this Contract and the Annuity Account Value with respect to this Contract shall be zero. We will be released from any and all liability for payments with respect to the Contributions from which the Annuity Account Value arose.

Termination of this Contract. Subject to any restrictions under the terms of the Plan, you You may elect by written notice notice, to terminate this Contract. We will determine the Cash Value of this Contract as of the Transaction Date. The payment of such Cash Value to you may be deferred by us in accordance with the provisions of Section 4.07. If this Contract is terminated, surrendered or exchanged prior to the Annuitant's your Retirement Date, any applicable tax charges we have paid may be deducted. If we have previously deducted charges for applicable taxes from Contributions pursuant to Section 2.01, we will not again deduct charges for the same taxes on terminations, unless a change in applicable law has occurred with respect to this your Contract. Cash Value payments may be deferred by us in accordance with the provisions of Section 4.07. Subject to the terms of the Plan, we We reserve the right to pay the Annuity Account Value under this the Contract and terminate this Contract Contract. This right may be exercised if (i) you make no Contributions are made on your behalf during the last three completed Contract YearsYears and the Annuity Account Value is less than $500, or (ii) you make a partial withdrawal is made that would result in the Annuitant's your Annuity Account Value falling below $500. We also reserve the right to terminate this Contract if no Contributions have been made within 120 days from of the Contract Date shown on Page 3 of this Contract. We will pay the Cash Value or Annuity Account Value, as applicable, directly to you unless you give us written notice at the time of termination that you request us to make payment to the Annuitant or another person, and that such payment is permissible under the Plan. Upon payment pursuant to this Section or the fourth paragraph of Section 2.07, the amount you have in the Divisions under this Contract and the Annuity Account Value with respect to this Contract shall be zero. We will be released from any and all liability for payments with respect to the Contributions from which the Annuity Account Value arose.

Termination of this Contract. Subject to any restrictions under the terms of the Plan, you You may elect by written notice to terminate this Contract. We will determine the Cash Value of this Contract as of the Transaction DateDate we receive your written election. If this Contract is terminated, surrendered or exchanged prior to the Annuitant's your Retirement Date, any applicable tax charges we have paid may be deducted. If we have previously deducted charges for applicable taxes from Contributions pursuant to Section 2.01, we will not again deduct charges for the same taxes on terminations, unless a change in applicable law has occurred with respect to this your Contract. The payment of such Cash Value payments may be deferred by us in accordance with the provisions of Section 4.07. Subject to the terms of the Plan, we We reserve the right to pay the Annuity Account Value under this the Contract and terminate this Contract Contract. This right may be exercised if (i) you make no Contributions are made on your behalf during the last three completed Contract YearsYears and the Annuity Account Value is less than $500, or (ii) you make a partial withdrawal that would result in the Annuitant's your Annuity Account Value falling below $500. We also reserve the right to terminate this Contract if no Contributions have been made within 120 days from of the Contract Date shown on Page page 3 of this Contract. We will pay the Cash Value or Annuity Account Value, as applicable, directly to you unless you give us written notice at the time of termination that you request us to make payment to the Annuitant or another person, and that such payment is permissible under the Plan. Upon payment pursuant to this Section or the fourth paragraph of Section 2.07, the amount you have in the Divisions under this Contract and the Annuity Account Value with respect to this Contract shall be zero. We will be released from any and all liability for payments with respect to the Contributions from which the Annuity Account Value arose.

Termination of this Contract. Subject to any restrictions under the terms of the Plan, you You may elect by written notice to terminate this Contract. We will determine the Cash Value of this Contract as of the Transaction DateDate we receive your written election. If this Contract is terminated, surrendered or exchanged prior to the Annuitant's your Retirement Date, any applicable tax charges we have paid may be deducted. If we have previously deducted charges for applicable taxes from Contributions pursuant to Section 2.01, we will not again deduct charges for the same taxes on terminations, unless a change in applicable law has occurred with respect to this your Contract. The payment of such Cash Value payments may be deferred by us in accordance with the provisions of Section Sections 4.07. Subject to the terms of the Plan, we We reserve the right to pay the Annuity Account Value under this the Contract and terminate this Contract Contract. This right may be exercised if (i) you make no Contributions are made on your behalf during the last three completed Contract YearsYears and the Annuity Account Value is less than $500, or (ii) you make a partial withdrawal is made that would result in the Annuitant's your Annuity Account Value falling below $500. We also reserve the right to terminate this Contract if no Contributions have been made within 120 days from months of the Contract Date shown on Page page 3 of this Contract. We will pay the Cash Value or Annuity Account Value, as applicable, directly to you unless you give us written notice at the time of termination that you request us to make payment to the Annuitant or another person, and that such payment is permissible under the Plan. Upon payment pursuant to this Section or the fourth paragraph of Section 2.07, the amount you have in the Divisions under this Contract and the Annuity Account Value with respect to this Contract shall be zero. We will be released from any and all liability for payments with respect to the Contributions from which the Annuity Account Value arose.