General Provisions Section. 9.01 This Contract, together with your attached application and any riders or endorsements, constitutes the entire Contract between you and us. 9.02 We may rely on any action or information provided by you under the terms of this Contract and will be relieved and discharged from any further liability to any party in acting at the direction and upon the authority of you. All statements made by you shall be deemed representations and not warranties. 9.03 Except as allowed by the Plan or applicable law, neither this Contract nor the Participant's interest in this Contract may be transferred, sold, assigned, discounted or pledged, either as collateral for a loan or as security for the performance of an obligation or for any other purpose. 9.04 We may prohibit new Participants under this Contract if we discontinue offering this Contract form to the public. This is termed deactivation. If we deactivate this Contract, we will deactivate all contracts of this class issued to other contractowners. The date of deactivation will be effective as of a Valuation Date specified by us, provided you are given at least 90 days advanced written notice. Deactivation will not affect our Account Values established for Participants under this Contract prior to our notice of deactivation and we will continue to accept Purchase Payments under this Contract on behalf of those Participants. 9.05 We have the right to amend this Contract to maintain this Contract under applicable local, State or Federal laws or regulations. 9.06 We and you may also mutually agree to amend this Contract. The consent of any Participant, Annuitant or Beneficiary is not -required. 9.07 Any change to this Contract must be in writing and signed by the President, Vice President, Secretary or an Assistant Secretary of Lincoln Life. 9.08 This Contract is subject to the incontestability laws of the state in which it is delivered. 9.09 We are not liable to provide sufficient funds to provide the Plan's benefits. 9.10 No suit may be brought in relationship to this Contract unless it is brought within 3 years after the date on which the suit could have first been brought. If this limitation is prohibited by the laws of the state by which the Contract is governed, this limitation shall be deemed to be amended to agree with the minimum period of limitation permitted by those laws. 9.11 The failure on our part to perform or insist upon the strict performance of any provision or condition of the Contract will neither constitute a waiver of our rights to perform or require performance of such provision or condition, nor stop us from exercising any other rights it may have in such provision, condition, or otherwise in this Contract or any Plan. 9.12 If any provision of this Contract is determined to be invalid, the remainder of the provisions shall remain in full force and effect. 9.13 Federal, state or local government premium tax, if applicable, will be deducted from either the Purchase Payment when received or at time of withdrawal or annuitization. 9.14 A Participant will receive an Active Life Certificate upon our receipt of a duly completed participation enrollment form, except if this Contract is used to fund a 457 plan. If the Participant chooses not to participate under this Contract, he/she may exercise a free-look right by sending a written notice to us that he/she does not wish to participate under this Contract within 20 days after the date the certificate is received by the Participant. For purposes of determining the date on which the Participant has sent written notice, the postmark date will be used. If a Participant exercises his/her free-look right in accordance with the foregoing procedure, we will refund the value of any Purchase Payments allocated to the Variable Account and/or any Purchase Payment allocated to the Fixed Account. 9.15 Any notice required by this Contract must be delivered to us at: The Lincoln National Life Insurance Company, ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, IN 46802; and notices to you will be delivered to you at the address shown on our records. Form 28883 8/98
Appears in 1 contract
Sources: Group Annuity Contract (Lincoln Life Varibale Annuity Account Q)
General Provisions Section. 9.01 This Contract, together with your attached application and any riders or endorsements, constitutes the entire Contract between you and us.
9.02 We may rely on any action or information provided by you under the terms of this Contract and will be relieved and discharged from any further liability to any party in acting at the direction and upon the authority of you. All statements made by you shall be deemed representations and not warranties.
9.03 Except as allowed by the Plan or applicable law, neither this Contract nor the Participant's interest in this Contract may be transferred, sold, assigned, discounted or pledged, either as collateral for a loan or as security for the performance of an obligation or for any other purpose.
9.04 We may prohibit new Participants under this Contract if we discontinue offering this Contract form to the public. This is termed deactivation. If we deactivate this Contract, we will deactivate all contracts of this class issued to other contractowners. The date of deactivation will be effective as of a Valuation Date specified by us, provided you are given at least 90 days advanced written notice. Deactivation will not affect our Account Values established for Participants under this Contract prior to our notice of deactivation and we will continue to accept Purchase Payments Contributions under this Contract on behalf of those Participants.
9.05 We have the right to amend this Contract to maintain this Contract under applicable local, State or Federal laws or regulations.
9.06 We You and you we may also mutually agree to amend this Contract. The consent of any Participant, Annuitant or Beneficiary is not -requiredrequired.
9.07 Any change to this Contract must be in writing and signed by the President, Vice President, Secretary or an Assistant Secretary of Lincoln Life.
9.08 This Contract is subject to the incontestability laws of the state in which it is delivered.
9.09 We are not liable to provide sufficient funds to provide the Plan's benefits.
9.10 No suit may be brought in relationship to this Contract unless it is brought within 3 years after the date on which the suit could have first been brought. If this limitation is prohibited by the laws of the state by which the Contract is governed, this limitation shall be deemed to be amended to agree with the minimum period of limitation permitted by those laws.
9.11 The failure on our part to perform or insist upon the strict performance of any provision or condition of the Contract will neither constitute a waiver of our rights to perform or require performance of such provision or condition, nor stop us from exercising any other rights it may have in such provision, condition, or otherwise in this Contract or any Plan.
9.12 If any provision of this Contract is determined to be invalid, the remainder of the provisions shall remain in full force and effect.
9.13 Federal, state or local government premium tax, if applicable, will be deducted from either the Purchase Payment Contribution when received or at time of withdrawal or annuitization.
9.14 A Participant will receive an Active Life Certificate upon our receipt of a duly completed participation enrollment form, except if this Contract is used to fund a 457 plan. If the Participant chooses not to participate under this Contract, he/she may exercise a free-look right by sending a written notice to us that he/she does not wish to participate under this Contract within 20 days after the date the certificate is received by the Participant. For purposes of determining the date on which the Participant has sent written notice, the postmark date will be used. If a Participant exercises his/her free-look right in accordance with the foregoing procedure, we will refund the value of any Purchase Payments Contributions allocated to the Variable Account and/or any Purchase Payment Contribution allocated to the Fixed Account.
9.15 If you have any questions concerning this Contract, please contact your Lincoln Life representative or our Servicing Office at [▇▇▇-▇▇▇-▇▇▇▇].
9.16 Any notice required by this Contract must be delivered to us atat our Servicing Office: [The Lincoln National Life Insurance Company, ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇P.O. Box 9740, ▇▇▇▇ ▇▇▇▇▇Portland, IN 46802; Maine 04104-5001] and notices to you will be delivered to you at the address shown on our records. Form 28883 8/98.
Appears in 1 contract
Sources: Group Annuity Contract (Lincoln Life Varibale Annuity Account Q)
General Provisions Section. 9.01 7.01 This Contract, together with your attached application and any riders or endorsements, constitutes the entire Contract between you and us.
9.02 7.02 We may rely on any action or information provided by you under the terms of this Contract and will be relieved and discharged from any further liability to any party in acting at the direction and upon the authority of you. All statements made by you shall be deemed representations and not warranties.
9.03 7.03 Except as allowed by the Plan or applicable law, neither this Contract nor the Participant's interest in this Contract may be transferred, sold, assigned, discounted or pledged, either as collateral for a loan or as security for the performance of an obligation or for any other purpose.
9.04 7.04 We may prohibit new Participants under this Contract if we discontinue offering this Contract form to the public. This is termed deactivation. If we deactivate this Contract, we will deactivate all contracts of this class issued to other contractowners. The date of deactivation will be effective as of a Valuation Date specified by us, provided you are given at least 90 days advanced written notice. Deactivation For purposes of this Section 7.04 new Participants will mean any Participant whose Plan contributions you were not affect our Account Values established for Participants under remitting to this Contract prior to our notice of deactivation and we will continue to accept Purchase Payments under this Contract on behalf of those Participantsdeactivation.
9.05 7.05 We have the right to amend this Contract to maintain this Contract under applicable local, State or Federal laws or regulations.
9.06 7.06 We and you may also mutually agree to amend this Contract. The consent of any Participant, Annuitant or Beneficiary is not -requiredrequired.
9.07 7.07 Any change to this Contract must be in writing and signed by the President, Vice President, Secretary or an Assistant Secretary of Lincoln Life.
9.08 7.08 This Contract is subject to the incontestability laws of the state in which it is delivered.
9.09 7.09 We are not liable to provide sufficient funds to provide the Plan's benefits.
9.10 7.10 No suit may be brought in relationship to this Contract unless it is brought within 3 years after the date on which the suit could have first been brought. If this limitation is prohibited by the laws of the state by which the Contract is governed, this limitation shall be deemed to be amended to agree with the minimum period of limitation permitted by those laws.
9.11 7.11 The failure on our part to perform or insist upon the strict performance of any provision or condition of the Contract will neither constitute a waiver of our rights to perform or require performance of such provision or condition, nor stop us from exercising any other rights it may have in such provision, condition, or otherwise in this Contract or any Plan.
9.12 7.12 If any provision of this Contract is determined to be invalid, the remainder of the provisions shall remain in full force and effect.
9.13 7.13 Federal, state or local government premium tax, if applicable, will be deducted from either the Purchase Payment Contribution when received or at time of withdrawal or annuitization.
9.14 A Participant will receive an Active Life Certificate upon our receipt of a duly completed participation enrollment form, except if this Contract is used to fund a 457 plan. 7.14 If the Participant chooses not to participate under you have any questions concerning this Contract, he/she may exercise a freeplease contact your Lincoln Life representative or our Servicing Office at [(▇▇▇) ▇▇▇-look right by sending a written notice to us that he/she does not wish to participate under this Contract within 20 days after the date the certificate is received by the Participant. For purposes of determining the date on which the Participant has sent written notice, the postmark date will be used. If a Participant exercises his/her free-look right in accordance with the foregoing procedure, we will refund the value of any Purchase Payments allocated to the Variable Account and/or any Purchase Payment allocated to the Fixed Account▇▇▇▇].
9.15 7.15 Any notice required by this Contract must be delivered to us atat our Servicing Office: [The Lincoln National Life Insurance Company, ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇P.O. Box 9740, ▇▇▇▇ ▇▇▇▇▇Portland, IN 46802Maine 04104-5001]; and notices to you will be delivered to you at the address shown on our records. Form 28883 8/98.
Appears in 1 contract
Sources: Group Annuity Contract (Lincoln Life Varibale Annuity Account Q)