JOINT OWNER. If there is more than one Owner, each Owner shall be a Joint Owner of the Contract. Joint Owners have equal ownership rights and must each authorize any exercising of those ownership rights under the Contract.
JOINT OWNER. If the surviving spouse of the deceased Annuitant assumes the Contract, the Contingent Annuitant, if any, will become the Annuitant. If there is no named Contingent Annuitant, the surviving spouse will become the Annuitant. If an Annuitant who is not the Owner or a Joint Owner dies, then the Contingent Annuitant, if named, becomes the Annuitant and no Death Benefit is payable on the death of the Annuitant. If no Contingent Annuitant is named, the Owner (or younger Joint Owner) becomes the Annuitant. In lieu of continuing the Contract, a Death Benefit may be paid to the Owner (and Joint Owner in equal shares, if applicable) if the Annuitant named on this Contract has not been changed, except on death of a prior Annuitant, and written notification of the election to receive the Death Benefit is received by LNL within 75 days of the death of the Annuitant. If no Owner is living on the date of death of the Annuitant, the Death Benefit will be paid to the Beneficiary in accordance with Article 8. This Contract will terminate when any Death Benefit is paid due to the death of the Annuitant. A Death Benefit payable on the death of the Annuitant will not be paid if the Annuitant has been changed subsequent to the effective date of this Contract unless the change occurred because of the death of a prior Annuitant. If the Owner is a corporation or other non-individual (non-natural person), the death of the Annuitant will be treated as the death of the Owner. The Death Benefit will be paid upon approval by LNL, after LNL is in receipt of:
JOINT OWNER. A person, firm, corporation or other legal entity sharing ownership of a pole and/or anchor with Licensor.
JOINT OWNER. 11 ANNUITANT................................................................................................11
JOINT OWNER. A person, corporation or other legal entity, sharing ownership of a Pole, Duct, Conduit and/or Anchor with Verizon- Washington, DC.
JOINT OWNER. If Joint Owners are named, they must be spouses. Each Joint Owner has an equal ownership interest in the Contract unless we are advised otherwise in writing.
JOINT OWNER. Any person named as Joint Owner on the Application and/or confirmation thereof and listed on the Contract Data Page, unless subsequently changed. The Joint Owner, if any, possesses an undivided interest in this Contract in conjunction with the Owner. All references within this Contract to Owner will also apply to the Joint Owner. LATEST ANNUITY DATE The later of first day of the month following Age 90 of the Owner or ten years after the Contract Date. If the Owner is a non-natural person, the Latest Annuity Date is the later of the first day of the month following Age 90 of the Annuitant or ten years after the Contract Date. MAXIMUM ANNUAL WITHDRAWAL AMOUNT Guaranteed withdrawals applicable only if You have elected an optional living benefit or guaranteed minimum withdrawal benefit and have not terminated the benefit under this Contract. The sum of all Purchase Payment(s), reduced for each Withdrawal in the same proportion that the Contract Value is reduced by each such Withdrawal. NYSE New York Stock Exchange.
JOINT OWNER. Any person named as Joint Owner on the Application and/or confirmation thereof and listed on the Contract Data Page, unless subsequently changed. The Joint Owner, if any, possesses an undivided interest in this Contract in conjunction with the Owner. All references within this Contract to Owner will also apply to the Joint Owner. LATEST ANNUITY DATE The first day of the month following Age 95 of the Owner. If the Owner is a non-natural person, the Latest Annuity Date is the first day of the month following Age 95 of the Annuitant. MAXIMUM ANNUAL WITHDRAWAL AMOUNT Guaranteed withdrawals applicable only if You have elected an optional living benefit or guaranteed minimum withdrawal benefit and have not terminated the benefit under this Contract. NET PURCHASE PAYMENT The sum of all Purchase Payment(s), reduced for each Withdrawal in the same proportion that the Contract Value is reduced by each such Withdrawal. NYSE New York Stock Exchange. FS-998 (6/11) 6 OWNER The person or entity named in the Contract who is entitled to exercise all rights and privileges of ownership under the Contract. Owner means both Joint Owners, if applicable. PAYEE The person receiving annuity income payments under this Contract. PURCHASE PAYMENTS Payments in U.S. currency made by or on behalf of the Owner to the Company to fund the Contract.
JOINT OWNER. A person, corporation or other legal entity having a joint ownership interest with Licensor in a Private Right-Of-Way.
JOINT OWNER. Any person named as Joint Owner on the Application and listed on the Contract Data Page, unless subsequently changed. The Joint Owner, if any, possesses an undivided interest in this Contract in conjunction with the Owner. All references within this Contract to Owner will also apply to the Joint Owner.
