Common use of Termination of this Contract Clause in Contracts

Termination of this Contract. You may elect by written notice to terminate this Contract. We will determine the Cash Value as of the Transaction Date we receive your written election. If this Contract is terminated, surrendered or exchanged prior to your Retirement Date, any applicable tax charges we have paid may be deducted. If we have previously deducted charges for applicable taxes from Contributions pursuant to Section 2.01, we will not again deduct charges for the same taxes on terminations, unless a change in applicable law has occurred with respect to your Contract. The payment of such Cash Value may be deferred by us in accordance with the provisions of Section 4.07. We reserve the right to pay the Annuity Account Value under the Contract and terminate this Contract. This right may be exercised if (i) no Contributions are made on your behalf during the last three completed Contract Years and the Annuity Account Value is less than $500, or (ii) a partial withdrawal that would result in your Annuity Account Value falling below $500. We also reserve the right to terminate this Contract if no Contributions have been made within 120 months of the Contract Date shown on page 3 of this Contract. Upon payment pursuant to this Section or the fourth paragraph of Section 2.07, the amount you have in the Divisions and the Annuity Account Value shall be zero. We will be released from any and all liability for payments with respect to the Contributions from which the Annuity Account Value arose.

Termination of this Contract. You may elect by written notice to terminate this Contract. We will determine the Cash Value as of the Transaction Date we receive your written election. If this Contract is terminated, surrendered or exchanged prior to your Retirement Date, any applicable tax charges we have paid may be deducted. If we have previously deducted charges for applicable taxes from Contributions pursuant to Section 2.01, we will not again deduct charges for the same taxes on terminations, unless a change in applicable law has occurred with respect to your Contract. The payment of such Cash Value may be deferred by us in accordance with the provisions of Section Sections 4.07. We reserve the right to pay the Annuity Account Value under the Contract and terminate this Contract. This right may be exercised if (i) no Contributions are made on your behalf during the last three completed Contract Years and the Annuity Account Value is less than $500, or (ii) a partial withdrawal is made that would result in your Annuity Account Value falling below $500. We also reserve the right to terminate this Contract if no Contributions have been made within 120 months of the Contract Date shown on page 3 of this Contract. Upon payment pursuant to this Section or the fourth paragraph of Section 2.07, the amount you have in the Divisions and the Annuity Account Value shall be zero. We will be released from any and all liability for payments with respect to the Contributions from which the Annuity Account Value arose.

Termination of this Contract. You may elect by written notice to terminate this Contract. We will determine the Cash Value as of the Transaction Date we receive your written election. If this Contract is terminated, surrendered or exchanged prior to your Retirement Date, any applicable tax charges we have paid may be deducted. If we have previously deducted charges for applicable taxes from Contributions pursuant to Section 2.01, we will not again deduct charges for the same taxes on terminations, unless a change in applicable law has occurred with respect to your Contract. The payment of such Cash Value may be deferred by us in accordance with the provisions of Section 4.07. We reserve the right to pay the Annuity Account Value under the Contract and terminate this Contract. This right may be exercised if (i) no Contributions are made on your behalf during the last three completed Contract Years and the Annuity Account Value is less than $500, or (ii) a partial withdrawal that would result in your Annuity Account Value falling below $500. We also reserve the right to terminate this Contract if no Contributions have been made within 120 months days of the Contract Date shown on page 3 of this Contract. Upon payment pursuant to this Section or the fourth paragraph of Section 2.07, the amount you have in the Divisions and the Annuity Account Value shall be zero. We will be released from any and all liability for payments with respect to the Contributions from which the Annuity Account Value arose.

Termination of this Contract. You may elect by written notice notice, to terminate this Contract. We will determine the Cash Value as of the Transaction Date we receive your written electionDate. The payment of such Cash Value to you may be deferred by us in accordance with the provisions of Section 4.07. If this Contract is terminated, surrendered or exchanged prior to your Retirement Date, any applicable tax charges we have paid may be deducted. If we have previously deducted charges for applicable taxes from Contributions pursuant to Section 2.01, we will not again deduct charges for the same taxes on terminations, unless a change in applicable law has occurred with respect to your Contract. The payment of such Cash Value may be deferred by us in accordance with the provisions of Section 4.07. We reserve the right to pay the Annuity Account Value under the Contract and terminate this Contract. This right may be exercised if (i) no Contributions are made on your behalf during the last three completed Contract Years and the Annuity Account Value is less than $500, or (ii) a partial withdrawal is made that would result in your Annuity Account Value falling below $500. We also reserve the right to terminate this Contract if no Contributions have been made within 120 months of the Contract Date shown on page Page 3 of this Contract. Upon payment pursuant to this Section or the fourth paragraph of Section 2.07, the amount you have in the Divisions and the Annuity Account Value shall be zero. We will be released from any and all liability for payments with respect to the Contributions from which the Annuity Account Value arose.

Termination of this Contract. You may elect by written notice notice, to terminate this Contract. We will determine the Cash Value as of the Transaction Date we receive your written electionDate. The payment of such Cash Value to you may be deferred by us in accordance with the provisions of Section 4.07. If this Contract is terminated, surrendered or exchanged prior to your Retirement Date, any applicable tax charges we have paid may be deducted. If we have previously deducted charges for applicable taxes from Contributions pursuant to Section 2.01, we will not again deduct charges for the same taxes on terminations, unless a change in applicable law has occurred with respect to your Contract. The payment of such Cash Value may be deferred by us in accordance with the provisions of Section 4.07. We reserve the right to pay the Annuity Account Value under the Contract and terminate this Contract. This right may be exercised if (i) no Contributions are made on your behalf during the last three completed Contract Years and the Annuity Account Value is less than $500, or (ii) a partial withdrawal is made that would result in your Annuity Account Value falling below $500. We also reserve the right to terminate this Contract if no Contributions have been made within 120 months days of the Contract Date shown on page Page 3 of this Contract. Upon payment pursuant to this Section or the fourth paragraph of Section 2.07, the amount you have in the Divisions and the Annuity Account Value shall be zero. We will be released from any and all liability for payments with respect to the Contributions from which the Annuity Account Value arose.