Common use of Termination of this Contract Clause in Contracts

Termination of this Contract. Subject to any restrictions under the terms of the Plan, including the spousal consent rules set forth in Section 3.06, you may elect, by written notice, to terminate this Contract. We will determine the Cash Value under this Contract as of the Transaction Date. 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 a 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. If no tax has been previously deducted or if such a tax is due at termination, we will deduct the amount due. Subject to the terms of the Plan, we reserve the right to pay the Annuity Account Value under this Contract and terminate this Contract 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 days from 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 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. Subject to any restrictions under the terms of the Plan, including the spousal consent rules set forth in Section 3.06, you may elect, elect by written notice, notice to terminate this Contract. We will determine the Cash Value under of this Contract as of the Transaction Date. If this Contract is terminated, surrendered or exchanged prior to your the Annuitant's 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 a applicable law has occurred with respect to your this Contract. The payment of such Cash Value payments may be deferred by us in accordance with the provisions of Section 4.07. If no tax has been previously deducted or if such a tax is due at termination, we will deduct the amount due. Subject to the terms of the Plan, we reserve the right to pay the Annuity Account Value under this Contract and terminate this Contract if (i) you make 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) you make a partial withdrawal is made that would result in your the Annuitant's Annuity Account Value falling below $500. We also reserve the right to terminate this Contract if no Contributions have been made within 120 days from the Contract Date shown on Page 3 of this Contract. We will pay the Cash Value or Annuity Account Value, as applicable, directly to you unless you give us written notice at the time of termination that you request us to make payment to the Annuitant or another person, and that such payment is permissible under the Plan. Upon payment pursuant to this Section or the fourth paragraph of Section 2.07, the amount in the Divisions under this Contract and the Annuity Account Value with respect to this Contract 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. Subject to any restrictions under the terms of the Plan, including the spousal consent rules set forth in Section 3.06, you the Owner may elect, elect by written notice, notice to terminate this Contract. We will determine the Cash Value under of this Contract as of the Transaction Date. If this Contract is terminated, surrendered or exchanged prior to your the 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 a applicable law has occurred with respect to your this Contract. The payment of such Cash Value may be deferred by us in accordance with the provisions of Section 4.07. If no tax has been previously deducted or if such a tax is due at termination, we will deduct the amount due. Subject to the terms of the Plan, we reserve the right to pay the Annuity Account Value less any outstanding loan under this Contract and terminate this Contract 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 contributions have been made within 120 days from of the Contract Date shown on Page 3 of this ContractDate. Upon payment pursuant to this Section or the fourth paragraph of Section 2.07, the amount in the Divisions under this Contract and the Annuity Account Value with respect to this Contract 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. Subject to any restrictions under the terms of the Plan, including the spousal consent rules set forth in Section 3.06, you may elect, by written notice, to terminate this Contract. We will determine the Cash Value under this Contract as of the Transaction Date. 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 a 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. If no tax has been previously deducted or if such a tax is due at termination, we will deduct the amount due. Subject to the terms of the Plan, we reserve the right to pay the Annuity Account Value under this Contract and terminate this Contract 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 days from 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 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. Subject to any restrictions under the terms of the Plan, including the spousal consent rules set forth in Section 3.06, you may elect, by written notice, to terminate this Contract. We will determine the Cash Value under this Contract as of the Transaction Date. If this Contract is terminated, surrendered or exchanged prior to your the Annuitant's 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 a applicable law has occurred with respect to your this Contract. The payment of such Cash Value payments may be deferred by us in accordance with the provisions of Section 4.07. If no tax has been previously deducted or if such a tax is due at termination, we will deduct the amount due. Subject to the terms of the Plan, we reserve the right to pay the Annuity Account Value under this Contract Contact and terminate this Contract if (i) you make no Contributions are made on your the Annuitant's behalf during the last three completed Contract Years, and the Annuity Account Value is less than $500 or (ii) you make a partial withdrawal is made that would result in your the Annuitant's Annuity Account Value falling below $500. We also reserve the right to terminate this Contract if no Contributions have been made within 120 days from the Contract Date shown on Page 3 of this Contract. We will pay the Cash Value or Annuity Account Value, as applicable, directly to you unless you give us written notice at the time of termination that you request us to make payment to the Annuitant or another person, and that such payment is permissible under the Plan. Upon payment pursuant to this Section or the fourth paragraph of Section 2.07, the amount in the Divisions under this Contract and the Annuity Account Value with respect to this Contract 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. Subject to any restrictions under the terms of the Plan, including the spousal consent rules set forth in Section 3.06, you the Owner may elect, by written notice, to terminate this Contract. We will determine the Cash Value under this Contract as of the Transaction Date. If this Contract is terminated, surrendered or exchanged prior to your the Retirement Date, any applicable tax charges we have paid may be deducted. If we have previously deducted charges for applicable taxes from form Contributions pursuant to Section 2.01, we will not again deduct charges for the same taxes on terminations, unless a change in a applicable law has occurred with respect to your this Contract. The payment of such Cash Value may be deferred by us in accordance with the provisions of Section 4.07. If no tax has been previously deducted or if such a tax is due at termination, we will deduct the amount due. Subject to the terms of the Plan, we reserve the right to pay the Annuity Account Value under this Contract and terminate this Contract 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 and (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 and at least 120 days from have elapsed since 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 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.