Common use of Prohibited Amendments Clause in Contracts

Prohibited Amendments. (a) Notwithstanding our right to initiate changes under Section 8.5, we may not initiate changes to the minimum Guaranteed Rate specified in Section 3.4, our obligation to set Guaranteed Rates for the period of time specified in Section Section 3.2 and 3.3, the maximum charge level listed in [item (2)] of the Table of Contract Charges, or the Table of Guaranteed Immediate Annuities. (b) No modification to this contract may change the terms of a previously purchased annuity or reduce any interest guarantee applicable to Participant Account balances held in the FIA on the modification's effective date.

Appears in 2 contracts

Sources: Insurance Contract (Aul American Unit Trust), Insurance Contract (Aul American Unit Trust)

Prohibited Amendments. (a) Notwithstanding our right to initiate changes under Section 8.5, we may not initiate changes to the minimum Guaranteed Rate specified in Section 3.4, our obligation to set Guaranteed Rates for the period of time specified in Section Section Sections 3.2 and 3.3, the payment provisions upon contract termination specified in Section 9.2, the maximum charge level levels listed in [item (2)] of the Table of Contract Charges, or the Table of Guaranteed Immediate Annuities. (b) No modification to this the contract may change the terms of a previously purchased annuity or reduce any interest guarantee applicable to Participant Account balances held in the your FIA balance on the modification's effective date.

Appears in 1 contract

Sources: Guaranteed Benefit Employer Sponsored Tda and Qualified Plan (Aul American Unit Trust)

Prohibited Amendments. (a) Notwithstanding our right to initiate changes under Section 8.5, we may not initiate changes to the minimum Guaranteed Rate specified in Section 3.4, our obligation to set Guaranteed Rates for the period of time specified in Section Section Sections 3.2 and 3.3, the payment provisions upon contract termination specified in Section 9.2, the maximum charge level levels listed in [item (2)] of the Table of Contract Charges, or the Table of Guaranteed Immediate Annuities. (b) No modification to this contract the Contract may change the terms of a previously purchased annuity or reduce any interest guarantee applicable to your Participant Account balances balance held in the FIA on the modification's effective date.

Appears in 1 contract

Sources: Guaranteed Benefit Employer Sponsored Tda Contract (Aul American Unit Trust)

Prohibited Amendments. (a) Notwithstanding our right to initiate changes under Section 8.5, we may not initiate changes to the minimum Guaranteed Rate rate guarantee provision specified in Section 3.4, our obligation to set Guaranteed Rates for the period of time specified in Section Section Sections 3.2 and 3.3, the payment provisions upon contract termination specified in Section 9.2, the maximum charge level levels listed in [item (2)] of the Table of Contract Charges, or the Table of Guaranteed Immediate Annuities. (b) No modification to this contract may change the terms of a previously purchased annuity or reduce any interest guarantee applicable to Participant Account balances held in the FIA on the modification's effective date.. GBErTDA.OM-ChuK [(SBR)] 19 SECTION 9 - TERMINATION OF PARTICIPATION IN CONTRACT

Appears in 1 contract

Sources: Tda Contract (Aul American Unit Trust)

Prohibited Amendments. (a) Notwithstanding our right to initiate changes under Section §8.5, we may not initiate changes to the minimum Guaranteed Rate specified in Section §3.4, our obligation to set Guaranteed Rates for the period of time specified in Section Section §§3.2 and 3.3, the payment provisions upon contract termination specified in §9.2, the maximum charge level levels listed in [item (2)] of the Table of Contract Charges, or the Table of Guaranteed Immediate Annuities. (b) No modification to this contract may change the terms of a previously purchased annuity or reduce any interest guarantee applicable to Participant Account balances held in the FIA on the modification's ’s effective date.

Appears in 1 contract

Sources: Insurance Contract