Common use of Accumulation Unit Values Clause in Contracts

Accumulation Unit Values. Accumulation Units will be credited to the IRA Account for benefits funded by a Separate Account Sub-Account. The number of Accumulation Units to be credited to the IRA Account at the time any Net Contribution is to be allocated will be equal to the portion of the Net Contribution to be allocated, as specified by the Owner, divided by the dollar value of the applicable Sub-Account Accumulation Unit as of the Valuation Date such payment is allocated. The dollar value of a Sub-Account Accumulation Unit as of any Valuation Date will be determined by multiplying the dollar value of such Accumulation Unit as of the immediately preceding Valuation Date by the Net Investment Factor for the Valuation period at the end of which the Accumulation Unit value is being determined. On any Valuation Date prior to the Annuity Date, the Accumulated Value of the portion of the IRA Account allocated to a Separate Account Sub-Account will be the sum of the value of all such Sub-Account Accumulation Units then credited to the IRA Account.

Accumulation Unit Values. Accumulation Units will be credited to the IRA Account Accounts for benefits funded by a Separate Account Sub-Account. The number of Accumulation Units to be credited to the an IRA Account at the time any Net Contribution is to be allocated will be equal to the portion of the Net Contribution to be allocated, as specified by the Participant-Owner, divided by the dollar value of the applicable Sub-Account Accumulation Unit as of the Valuation Date such payment is allocated. The dollar value of a Sub-Account Accumulation Unit as of any Valuation Date will be determined by multiplying the dollar value of such Accumulation Unit as of the immediately preceding Valuation Date by the Net Investment Factor for the Valuation period Period at the end of which the Accumulation Unit value is being determined. On any Valuation Date prior to the Annuity Date, the Accumulated Value of the portion of the an IRA Account allocated to a Separate Account Sub-Account will be the sum of the value of all such Sub-Account Accumulation Units then credited to the IRA Account.