Common use of Variable Account Value Clause in Contracts

Variable Account Value. The Variable Account Value for a Participant on any date during the Accumulation Period will be the sum of the values of the Variable Sub- Accounts of the Series Account held for the Participant. The value of a Participant's interest in a Variable Sub-Account will be determined by multiplying the number of the Participant's Accumulation Units by the Accumulation Unit Value for that Variable Sub-Account.

Appears in 1 contract

Sources: Group Annuity Contract (Tivo Inc)

Variable Account Value. The Variable Account Value for a Participant on any date during the Accumulation Period will be the sum of the values of the Participant's interest in the Variable Sub- Accounts of and the Series Account held for the ParticipantSeparate Account. The value of a Participant's interest in a Variable Sub-Account will be determined by multiplying the number of the Participant's Accumulation Units held for the Participant for that Variable Account by the Accumulation Unit Value for that Variable Sub-Account. The Separate Account Value is determined as described in the attached Separate Account, as selected by the Group Contractholder.

Appears in 1 contract

Sources: Group Fixed and Variable Deferred Annuity Contract (Futurefunds Series Account of Great West Life & Ann Ins Co)