Systematic Withdrawal Clause Samples

Systematic Withdrawal. Option The Contract Holder may elect a (SWO): distribution option under which a portion of the Current Value will automatically be surrendered and distributed each year. SWO payments will be calculated based on the Contract's full Current Value. The distributed amount is withdrawn pro rata from each Guaranteed Period(s). A Surrender Fee will not be deducted from any portion of the Current Value which is paid as a distribution under SWO. Contract Holders should consult their tax adviser prior to requesting this distribution option.

Systematic Withdrawal. The Custodian and the Sponsor agree that a Planholder may elect to establish a Systematic Withdrawal Program, after the Planholder has completed all regularly scheduled payments (or in the case of IRAs, Keog▇ ▇▇▇ns or other retirement plans, if the Planholder has notified the Sponsor or the Custodian that the Planholder does not intend to make any further Plan payments). Under a Systematic Withdrawal Program, the Planholder can elect to receive monthly or quarterly checks in any amount of $50.00 or more. To provide funds for these payments, the Custodian, as agent for the Planholder, will redeem shares held in the Planholder's account at the net-asset value in effect at the time of each such redemption. The Planholder may change the amount of payments under a Systematic Withdrawal Program or discontinue a Systematic Withdrawal Program at any time. While a Systematic Withdrawal Program is in effect, the Planholder may not elect to receive dividends and distributions on Fund Shares held in his account in cash. A Planholder may not simultaneously maintain an uncompleted Plan and a Systematic Withdrawal Program.

Systematic Withdrawal. Option (SWO) - We will allow the Certificate Holder to establish a schedule of withdrawals to be made automatically from the Certificate Holders Account Value. All distributed amounts will be withdrawn on a pro rata basis from the Fund(s) and/or the guaranteed term(s) groups of the GP Guaranteed Account in which the Certificate Holder's Account is invested. The Certificate Holder must elect one of the following SWO methods:

Systematic Withdrawal. Option (b) Minimum Initial Current Value: (SWO) (Cont'd): At its discretion, Aetna may require a minimum initial Current Value for election of this option. If after election of this option the Current Value is insufficient to make a scheduled SWO payment, Aetna will distribute the entire Account balance.

Systematic Withdrawal. The Custodian and the Sponsor agree that a Planholder may elect to establish a Systematic Withdrawal Program, after the Planholder has completed all regularly scheduled payments (or in the case of IRAs, Keog▇ ▇▇▇ns or other retirement plans, if the Planholder has notified the Sponsor or the Custodian that the Planholder does not intend to make any further Plan payments). Under a Systematic Withdrawal Program, the Planholder can elect to receive monthly or quarterly checks in any amount of $50.00 or more. To provide funds for these payments, the Custodian, as agent for the Planholder, will redeem shares held in the Planholder's account at the net-asset value in effect at the time of each such redemption. The Planholder may change the amount of payments under a Systematic Withdrawal Program or discontinue a Systematic Withdrawal Program at any time. While a Systematic Withdrawal Program is in effect, the Planholder may not elect to receive dividends and distributions on Fund Shares held in his account in cash. A Planholder may not simultaneously maintain an uncompleted Plan and a Systematic Withdrawal Program. The Custodian will charge the fee set forth in Schedule A for each check relating to a withdrawal under a Systematic Withdrawal Program. This charge is collected by redeeming the necessary fractional shares. For any payment made ten years after the issuance of a Plan, the charge may be increased to the amount specified in the then current Prospectus. However, this