Common use of TRANSFER PAYMENT TERMS Clause in Contracts

TRANSFER PAYMENT TERMS. Transfer Payments may be made from the Contractholder Fixed Account and the Contractholder Variable Account. Each payment will be in full settlement of Our liability for the Transfer Payment. Transfer Payments from the Contractholder Fixed Account will be effective on the Business Day We receive the Transfer Request in Good Order. Transfer Payments from the Contractholder Variable Account will be at the Unit Value of the applicable Separate Account or Subaccount(s) at the close of the Business Day We receive the Transfer Request in Good Order. You agree to provide for the recordkeeping of Plan Investment Funds on a Participant-level basis, and to furnish Us with such information as We may reasonably require in connection with Transfer Requests. We reserve the right to monitor the Participant-level investment activity in order to enforce these transfer provisions. We will notify You immediately upon receipt of a Transfer Request that is inconsistent with the Transfer Payment conditions then in effect. DC-403-2015CT 9

TRANSFER PAYMENT TERMS. Transfer Payments may be made from the Contractholder Fixed Account and the Contractholder Variable Account. Each payment will be in full settlement of Our liability for the Transfer Payment. Transfer Payments from the Contractholder Fixed Account will be effective on the Business Day We receive the Transfer Request in Good Order. Transfer Payments from the Contractholder Variable Account will be at the Unit Value of the applicable Separate Account or Subaccount(s) at the close of the Business Day We receive the Transfer Request in Good Order. You agree to provide for the recordkeeping of Plan Investment Funds on a Participant-level basis, and to furnish Us with such information as We may reasonably require in connection with Transfer Requests. We reserve the right to monitor the Participant-level investment activity in order to enforce these transfer provisions. We will notify You immediately upon receipt of a Transfer Request that is inconsistent with the Transfer Payment conditions then in effect. DC-403DC-401457-2015CT 9