Common use of THE OWNER Clause in Contracts

THE OWNER. The Owner owns the Contract and is entitled to exercise the rights incident to ownership. You are the Owner of this Contract. There may be Joint Owners; however, if there is more than one Owner, both Owners must agree to any change or exercise of the rights under this Contract. You may change the ownership of this Contract at any time prior to the Maturity Date. Any change, addition or deletion of an Owner is treated as a change of ownership. To change ownership, you must provide Notice to Us of such change. Change of ownership will take effect as of the date we receive Notice to Us.

Appears in 6 contracts

Samples: Exhibit 16 (VOYA RETIREMENT INSURANCE & ANNUITY Co), VOYA RETIREMENT INSURANCE & ANNUITY Co, VOYA RETIREMENT INSURANCE & ANNUITY Co

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THE OWNER. The Owner owns the Contract and is entitled to exercise the rights incident to ownership. You are the Owner of this Contract. There may be Joint Owners; however, if there is more than one Owner, both Owners must agree to any change or exercise of the rights under this Contract. You may change the ownership of this Contract at any time prior to the Maturity Annuity Commencement Date. Any change, addition or deletion of an Owner is treated as a change of ownership. To change ownership, you must provide Notice to Us of such change. Change of ownership will take effect as of the date we receive Notice to Us.

Appears in 3 contracts

Samples: VOYA RETIREMENT INSURANCE & ANNUITY Co, VOYA RETIREMENT INSURANCE & ANNUITY Co, VOYA RETIREMENT INSURANCE & ANNUITY Co

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THE OWNER. The Owner owns the Contract and is entitled to exercise the rights incident to ownership. You are the Owner of this Contract. There may be Joint Owners; however, if there is more than one Owner, both Owners must agree to any change or exercise of the rights under this Contract. You may change the ownership of this Contract at any time prior to the Maturity Annuity Commencement Date, provided the new Owner’s age is not greater than the older of the Maximum Ownership Change Age shown in the Contract Schedule or the age of the current Owner. Any change, addition or deletion of an Owner is treated as a change of ownership. To change ownership, you must provide Notice to Us of such change. Change of ownership will take effect as of the date we receive Notice to Us.

Appears in 1 contract

Samples: VOYA INSURANCE & ANNUITY Co

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