Common use of Transfer Fees Clause in Contracts

Transfer Fees. An excessive number of transfers, including short-term “market timing” transfers, may adversely affect the performance of the underlying fund in which a Subaccount invests. If, in our sole opinion, a pattern of excessive transfers develops, we have the right not to process a transfer request. We also have the right not to process a transfer request when the sale or purchase of shares of a fund is not reasonably practicable due to actions taken or limitations imposed by the fund. We may suspend or modify this transfer privilege at any time.

Transfer Fees. An excessive number of transfers, including short-term “"market timing” " transfers, may adversely affect the performance of the underlying fund in which a Subaccount sub-account invests. If, in our sole opinion, a pattern of excessive transfers develops, we have the right not to process a transfer request. We also have the right not to process a transfer request when the sale or purchase of shares of a fund is not reasonably practicable due to actions taken or limitations imposed by the fund. We may suspend or modify this transfer privilege at any time.