Common use of THE FIXED ACCOUNT Clause in Contracts

THE FIXED ACCOUNT. 1. The Fixed Account will be a liability against The Standard’s general account. 2. We will establish an Investment Cell for you each calendar quarter. A Maturity Date will be established for each Cell prior to the beginning of such calendar quarter. The Maturity Date will be the fifth (5th) anniversary of the first day of the quarter in which the Cell is established. The amount credited to the Investment Cell for such quarter will be the sum of the credits, which are: (a) deposits credited to the Fixed Account during the calendar quarter pursuant to Article III of the Contract; (b) transfers from any other Investment Option under this Contract at your direction and made during the calendar quarter; (c) any prior Fixed Account cell maturing on the last day of this quarter; (d) interest credited on each transaction listed above from the date the Deposit or transfer is made to the last day of the calendar quarter at the applicable placement rate in accordance with subsection 3. below; and (e) interest credited on the last day of the calendar quarter on each previously established Fixed Account Investment Cell; less the sum of the debits, which are: (a) any Contractowner Withdrawals and/or transfers from the Fixed Account made during the calendar quarter; (b) benefit payments, annuity premiums, Fees and other disbursements charged to the Fixed Account during the calendar quarter; and (c) interest on any withdrawal, transfer, benefit payment, Fee, premium, or other disbursement described above from the date it occurs to the last day of the calendar quarter at the applicable placement rate in accordance with subsection 3. below. If credits exceed debits, then once established on the last day of the calendar quarter, the amount in the Investment Cell will remain constant until the Maturity Date except in the event of: (a) termination, or (b) reduction in accordance with the following provision. If debits exceed credits, then prior Investment Cells will be reduced in order according to Maturity Date starting with the earliest Maturity Date until such excess is eliminated. 3. At or prior to the beginning of each month, we will determine an interest rate (“Placement Rate”) for that month. That Placement Rate shall apply to all transactions in that calendar month through the end of the calendar quarter. The equivalent effective annual interest rate will no be less than the minimum allowed by state law. At the end of the calendar quarter, a Cell Rate shall be determined for that Investment Cell using an average of the three monthly Placement Rates weighted by the net credits and debits described in subsection 2. above but excluding all interest on such credits and debits. The Blended Rate determined for the Investment Cell will apply from the date the Blended Rate is determined until its Maturity Date. 4. If the Plan has a Competing Investment Fund, then we reserve the right to restrict Benefit Withdrawals. Benefit Withdrawals are defined in Article IV.A. A “Competing Investment Fund” is any Investment Option or outside fund in which you have Plan assets which:

THE FIXED ACCOUNT. 1. The Fixed Account will be a liability against The Standard’s general account. 2. We will establish an Investment Cell for you each calendar quarter. A Maturity Date will be established for each Cell prior to the beginning of such calendar quarter. The Maturity Date will be the fifth (5th) anniversary of the first day of the quarter in which the Cell is established. The amount credited to the Investment Cell for such quarter will be the sum of the credits, which are: (a) a. deposits credited to the Fixed Account during the calendar quarter pursuant to Article III of the Contract; (b) b. transfers from any other Investment Option under this Contract at your direction and made during the calendar quarter; (c) c. any prior Fixed Account cell maturing on the last day of this quarter; (d) d. interest credited on each transaction listed above from the date the Deposit or transfer is made to the last day of the calendar quarter at the applicable placement rate in accordance with subsection 3. below; and (e) e. interest credited on the last day of the calendar quarter on each previously established Fixed Account Investment Cell; less the sum of the debits, which are: (a) a. any Contractowner Withdrawals and/or transfers from the Fixed Account made during the calendar quarter; (b) b. benefit payments, annuity premiums, Fees and other disbursements charged to the Fixed Account during the calendar quarter; and (c) c. interest on any withdrawal, transfer, benefit payment, Fee, premium, or other disbursement described above from the date it occurs to the last day of the calendar quarter at the applicable placement rate in accordance with subsection 3. below. If credits exceed debits, then once established on the last day of the calendar quarter, the amount in the Investment Cell will remain constant until the Maturity Date except in the event of: (a) a. termination, or (b) b. reduction in accordance with the following provision. If debits exceed credits, then prior Investment Cells will be reduced in order according to Maturity Date starting with the earliest Maturity Date until such excess is eliminated. 3. At or prior to the beginning of each month, we will determine an interest rate (“Placement Rate”) for that month. That Placement Rate shall apply to all transactions in that calendar month through the end of the calendar quarter. The equivalent effective annual interest rate will no be less than the minimum allowed by state law. At the end of the calendar quarter, a Cell Rate shall be determined for that Investment Cell using an average of the three monthly Placement Rates weighted by the net credits and debits described in subsection 2. above but excluding all interest on such credits and debits. The Blended Rate determined for the Investment Cell will apply from the date the Blended Rate is determined until its Maturity Date. 4. If the Plan has a Competing Investment Fund, then we reserve the right to restrict Benefit Withdrawals. Benefit Withdrawals are defined in Article IV.A. A “Competing Investment Fund” is any Investment Option or outside fund in which you have Plan assets which:: a provides a direct or indirect guarantee of investment performance; or

THE FIXED ACCOUNT. 1. The Fixed Account will be a liability against The Standard’s general account. 2. We will establish an Investment Cell for you each calendar quarter. A Maturity Date will be established for each Cell prior to the beginning of such calendar quarter. The Maturity Date will be the fifth (5th) anniversary of the first day of the quarter in which the Cell is established. The amount credited to the Investment Cell for such quarter will be the sum of the credits, which are: (a) a. deposits credited to the Fixed Account during the calendar quarter pursuant to Article III of the Contract; (b) b. transfers from any other Investment Option under this Contract at your direction and made during the calendar quarter; (c) c. any prior Fixed Account cell maturing on the last day of this quarter; (d) d. interest credited on each transaction listed above from the date the Deposit or transfer is made to the last day of the calendar quarter at the applicable placement rate in accordance with subsection 3. below; and (e) e. interest credited on the last day of the calendar quarter on each previously established Fixed Account Investment Cell; less the sum of the debits, which are: (a) a. any Contractowner Withdrawals and/or transfers from the Fixed Account made during the calendar quarter; (b) b. benefit payments, annuity premiums, Fees and other disbursements charged to the Fixed Account during the calendar quarter; and (c) c. interest on any withdrawal, transfer, benefit payment, Fee, premium, or other disbursement described above from the date it occurs to the last day of the calendar quarter at the applicable placement rate in accordance with subsection 3. below. If credits exceed debits, then once established on the last day of the calendar quarter, the amount in the Investment Cell will remain constant until the Maturity Date except in the event of: (a) a. termination, or (b) b. reduction in accordance with the following provision. If debits exceed credits, then prior Investment Cells will be reduced in order according to Maturity Date starting with the earliest Maturity Date until such excess is eliminated. 3. At or prior to the beginning of each month, we will determine an interest rate (“Placement Rate”) for that month. That Placement Rate shall apply to all transactions in that calendar month through the end of the calendar quarter. The equivalent effective annual interest rate will no not be less than the minimum allowed by state law. At the end of the calendar quarter, a Cell Rate shall be determined for that Investment Cell using an average of the three monthly Placement Rates weighted by the net credits and debits described in subsection 2. above but excluding all interest on such credits and debits. The Blended Rate determined for the Investment Cell will apply from the date the Blended Rate is determined until its Maturity Date. 4. If the Plan has a Competing Investment Fund, then we reserve the right to restrict Benefit Withdrawals. Benefit Withdrawals are defined in Article IV.A. A “Competing Investment Fund” is any Investment Option or outside fund in which you have Plan assets which:that: a provides a direct or indirect guarantee of investment performance; or