Common use of CONTRACT PROCESSING Clause in Contracts

CONTRACT PROCESSING. PERIOD - The period between successive Contract Processing Dates unless it is the first Contract Processing Period. In that case, it is the period from the Contract Date to the first Contract Processing Date. CONTRACT YEAR - The period between Contract Anniversaries. CREDIT - An amount added to the Contract's Accumulation Value at the time a Premium Payment is made. 4 IMPORTANT TERMS (continued) ------------------------------------------------------------------------------ EXPERIENCE FACTOR - The factor which reflects the investment experience of the portfolio in which a Variable Separate Account Division invests and also reflects the charges assessed against the Division for a Valuation Period. GUARANTEE PERIOD - The period of years a rate of interest is guaranteed to be credited to a Guaranteed Interest Division.

CONTRACT PROCESSING. PERIOD - The period between successive Contract Processing Dates unless it is the first Contract Processing Period. In that case, it is the period from the Contract Date to the first Contract Processing Date. CONTRACT YEAR - The period between Contract Anniversaries. CREDIT - An amount added to the Contract's Accumulation Value at the time a Premium Payment is made. 4 IMPORTANT TERMS (continued) ------------------------------------------------------------------------------ ------------------------------------------------------------------------------- EXPERIENCE FACTOR - The factor which reflects the investment experience of the portfolio in which a Variable Separate Account Division invests and also reflects the charges assessed against the Division for a Valuation Period. GUARANTEE PERIOD - The period of years a rate of interest is guaranteed to be credited to a Guaranteed Interest Division.