SURRENDER OPTION. The Owner may surrender this Contract for its Contract Value at any time prior to the earlier of:
SURRENDER OPTION. The Owner may turn this Contract in for its Surrender Value effective on the date on which the request in writing is received at the Home Office. The value will be the Accumulated Value on that date less (a) a Contingent Deferred Sales Charge, if any, (b) the Contract Maintenance Charge and (c) any applicable premium taxes not previously deducted. Any cash payment will be mailed within 7 days after receipt of a proper request; but the Company may be allowed to defer the payment under the Investment Company Act of 1940 as it is in effect at that time. The Surrender Option is not available after the Maturity Date.
SURRENDER OPTION. The Owner may surrender this Contract for its surrender value. On surrender, this Contract terminates. Surrender will be effective on the Valuation Date on which LNL receives a written request at its Home Office or a request through the Internet Service Center. The Contract Surrender Value will be the total Contract Value on the Valuation Date, less any Surrender Charge. Payment will be made within seven days after the date of surrender; however, LNL may be permitted to defer such payment under the Investment Company Act of 1940, as in effect at the time a request for surrender is received at its Home Office. The surrender option is not available after the Annuity Commencement Date. Form 28977
SURRENDER OPTION. (a) Tenant shall have a one-time option to surrender up to ten percent (10%) of the Premises, the exact location and dimensions of such space to be mutually agreed upon by Landlord and Tenant (so that such space surrendered is of a reasonably marketable size and configuration) within thirty (30) days after Landlord receives the Surrender Notice (the “Surrender Space”), effective as of the end of the full sixtieth (60th) month after Commencement Date (the “Surrender Date”) by providing Landlord with written notice of such election (the “Surrender Notice”) no less than six (6) months prior to the Surrender Date (the “Surrender Notice Deadline”). If Tenant has not given the Surrender Notice to Landlord prior to the Surrender Notice Deadline, the Surrender Option shall terminate and be null and void, and Tenant shall have no right or option to surrender the Surrender Space pursuant to this Section 26.28(a). As a condition precedent to any surrender of the Surrender Space pursuant to the provisions of this Section 26.28(a), Tenant must deliver to Landlord, within thirty (30) days after delivery of the Surrender Notice, in addition to any and all due but unpaid Rent due from Tenant to Landlord under this Lease as of the date of such delivery (include any Default Rate interest payable on such Rent as of the date of such delivery), a surrender fee equal to the sum of (i) four (4) months of Monthly Base Rent and Tenant’s Share of Operating Expenses and Taxes for the Surrender Space at the rate payable immediately prior to the Surrender Date, (ii) the unamortized prorated Tenant Improvement Allowance and the Additional Tenant Improvement Allowance for the Surrender Space as of the Surrender Date, amortized on a straight-line basis using an interest rate of eight percent (8%), and (iii) the unamortized prorated leasing commissions for the Surrender Space as of the Surrender Date, amortized on a straight-line basis using an interest rate of eight percent (8%). It is hereby acknowledged that any such amount required to be paid by Tenant in connection with such early surrender of the Surrender Space is not a penalty but a reasonable pre-estimate of the damages which would be incurred by Landlord as a result of such early surrender of the Surrender Space (which damages are impossible to calculate more precisely) and, in that regard, constitutes liquidated damages with respect to such loss. Tenant shall continue to be liable for Tenant’s obligations under this Lease with ...
SURRENDER OPTION. You may surrender this Contract for its surrender value. On surrender, this Contract terminates. Surrender will be effective on the Valuation Date on which We receive a Written Request at Our Servicing Office. The Contract Surrender Value will be the total Contract Value on the Valuation Date, less any applicable taxes. Payment will be made within seven days after the date of surrender, subject to the Suspension or Deferral of Payments Provision (see Section 4.10). The surrender option is not available after the Income Date.
SURRENDER OPTION. The Owner may surrender this Contract for its surrender value. On surrender, this Contract terminates. Surrender will be effective on date on which LNL has receives a written request at its Home Office. The surrender value will be the total Account Value less a Surrender Charge and less the Account Charge. The Surrender Charge is calculated as a percentage of the Purchase Payments surrendered. This percentage is based on the number of completed Contract Years between the Contract Year of Purchase Payment and the Contract Year of surrender/withdrawal as shown in the following schedule. The Surrender Charge is calculated separately for each Contract Year's Purchase Payments. A Contract Year is the period from the Contract effective date (month and Day) to the anniversary of the Contract effective date in the following year. Any payment will be by check and mailed from LNL's Home Office within seven days after receipt of the surrender request: however, LNL may be permitted to defer such payment under the Investment Company Act of 1940, as in effect at the time a request for surrender is received. Interest will be credited to money in the fixed portion of this contract during the deferral period. The Surrender Option is not available atter Annuity Payments have begun. Any Account Value payable as a result of annuitization, total and permanent disability of the Annuitant subsequent to the effective date of this Contract and prior to the 65th birthday of the Annuitant, or death of the Annuitant will not be subject to the Surrender Charges. Total and permanent disability is defined as the inability to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than twelve months. LNL must be furnished with proof of the existence thereof by way of a physician's statement.
SURRENDER OPTION. In the event of a termination of employment or service due to a Participant's death, Disability or Normal Retirement, the Participant (or the Participant's personal representative(s), heir(s) or devisee(s)) may make application to the Committee, in a form acceptable to the Committee, to surrender all or a part of any options held by such Participant in exchange for a cash payment from the Bank of an amount equal to the difference between the Fair Market Value of the Common Stock on the date of the participant's termination of employment and the exercise price of the option. The Participant acknowledges that whether the Bank accepts such application or determines to make payment, in whole or in part, is within the absolute and sole discretion of the Bank. It is expressly understood that the Bank is under no obligation to make any such payments. In the event that the Bank accepts a surrender application from the Participant, such payment shall be in lieu of the exercise of the underlying option and such option shall cease to be exercisable.
SURRENDER OPTION. Prior to the earlier of:
SURRENDER OPTION. You may surrender this Contract for its Contract Surrender Value. On surrender, this Contract terminates. Surrender will be effective on the Valuation Date on which we receive a Written Request. You may not surrender this Contract after the Annuity Commencement Date.
SURRENDER OPTION. The Owner may surrender this Contract for its surrender value. On surrender, this Contract terminates. Surrender will be effective on the Valuation Date on which LL&A receives a written request at its Servicing Office. The surrender value will be the total Contract Value on the Valuation Date, less a Contingent Deferred Sales Charge. Any cash payment will be mailed from LL&A's Servicing Office within seven days after the date of withdrawal; however, LL&A may be permitted to defer such payment under the Investment Company Act of 1940, as in effect at the time such request for withdrawal is received in its Servicing Office. The previous sentence will only apply to any payments from the Variable Account of the Owner. Any payments made from the Fixed Account of the Owner can be deferred for a period not to exceed six months after a request is received. The Surrender Option is not available after the Annuity Commencement Date.
