Common use of Control of Contract Clause in Contracts

Control of Contract. The Contract is established for the exclusive benefit of the individual Contract Holder or his or her Beneficiaries. All nonforfeitable rights in this Contract rest with the Contract Holder, who is entitled to all amounts held under this Contract. The Contract Holder may make any choices allowed by this Contract. Choices made under this Contract must be in writing or in a form satisfactory to us. Until receipt of such choices at our Home Office, we may rely on any previous choices made. This Contract is nontransferable and nonassignable, except to the Company, or pursuant to a valid court order, provided we are notified and served with respect to such order pursuant to applicable law.

Control of Contract. The Contract is established for the exclusive benefit of the individual Contract Holder Owner or his or her Beneficiaries. All nonforfeitable rights in this Contract rest with the Contract HolderOwner, who is entitled to all amounts held under this Contract. The Contract Holder Owner may make any choices allowed by this Contract. Choices made under this Contract must be in writing or in a form satisfactory to us. Until receipt of such choices at our Home Office, we may rely on any previous choices made. This Contract is nontransferable and nonassignable, except to the Company, or pursuant to a valid court order, provided we are notified and served with respect to such order pursuant to applicable law.