The annuity contract is changed as set out below to adapt it for use with an employee benefit plan:
PLAN. Plan means the employee benefit plan named on your application or any successor plan.
EMPLOYER. Employer means the employer sponsoring the Plan and named on your application, or any other employer which succeeds to its rights under the Plan.
PLAN ADMINISTRATOR. Plan Administrator means the person designated as such to us in writing by the Employer. If no person has been designated, Plan Administrator means the Employer.
PLAN INTERPRETATION. For purposes of this annuity contract, the Plan Administrator shall interpret the Plan and decide all questions about what is allowed or required by the Plan. We have no duty to review or interpret the Plan, or to review or approve any decision of the Plan Administrator. We are entitled to rely on the written directions of the Plan Administrator on such matters.
APPLICABLE RESTRICTIONS. This annuity contract may be restricted by federal and/or state laws related to employee benefit plans. We may change the terms of this annuity contract or administer this annuity contract at any time as needed to comply with such laws.
PLAN DISTRIBUTION PROVISIONS. Distributions allowed under this annuity contract may be made only at a time allowed by the Plan or required by this annuity contract. The form of any distribution shall be determined under the Plan from among those forms of distribution available under this annuity contract. No distribution may be made without the written direction of the Plan Administrator unless required by this annuity contract. Distributions may be made without your consent when required by the Plan.
FORFEITURE OF NON-VESTED AMOUNTS. Any amount under this annuity contract attributable to contributions by the Employer (excluding any contributions made under a salary reduction agreement with your employer) is subject to the vesting provisions of the Plan. If at any time the Plan provides for a forfeiture of an amount that is not vested, then such amount may be withdrawn and paid as directed by the Plan Administrator.
RETURN OF EXCESS CONTRIBUTIONS. Contributions made to this annuity contract for you are subject to any limits on contributions and nondiscrimination provisions of the Plan. If the Plan Administrator determines that excess or discriminatory contributions were made, then amounts attributable to such contributions may be withdrawn and paid as directed by the Plan Administrator.
ENTITLEMENT TO DEATH BENEFITS. The person or persons entitled to any amount remaining payable under this annuity contract after your death shall be determined under the Plan. No distribution of any such amount shall be made without the written direction of the Plan Administrator.