Common use of MINIMUM SURRENDER VALUE Clause in Contracts

MINIMUM SURRENDER VALUE. In the case of a full surrender of a Participant's Account prior to the Annuity Date, the value received under the Fixed Subaccounts shall never be less than Purchase Payments allocated to the Fixed Subaccounts, less any amounts transferred to Variable Subaccounts and less any previous partial surrenders.

MINIMUM SURRENDER VALUE. In the case of a full surrender of a Participant's Account the Contract prior to the Annuity Date, the value received under the Fixed Subaccounts shall never be less than Purchase Payments allocated to the Fixed Subaccounts, less any amounts transferred to Variable Subaccounts and less any previous partial surrenders.