CLB Self-Determined Account definition
CLB Self-Determined Account means each individual account established by the Trustee to hold funds of the Self-Determined Plan Trust held with respect to the Subscriber, into which CLB Savings together with Income thereon are transferred on the Maturity Date with respect to each Subscriber who has selected the Self-Determined Option or whose Contract was automatically transferred to the Self-Determined Option due to the Subscriber’s failure to select a pay-out option prior to the Maturity Date and/or due to the Subscriber’s Plan being inactive at the Maturity Date, and into which Contributions and CLBs are paid after the Maturity Date.