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AN-700 (03/21) 4 Alliance 2021 <br /> <br /> <br />ARTICLE 1 – DEFINITIONS <br />Section <br /> <br />1.01 Annuitant and Contingent Annuitant – The persons upon whose lives the Annuity Payouts <br />will be based. <br /> <br />1.02 Annuity Payout – An amount paid at regular intervals under one of several options available <br />to the Annuitant and/or any other payee. <br /> <br />1.03 Book Value – The value of the Contract Owner Account. It is the sum of Contributions plus <br />interest credited, less withdrawals. <br /> <br />1.04 Code – The Internal Revenue Code of 1986, as amended. <br /> <br />1.05 Company (We, Us, Our) – The Lincoln National Life Insurance Company. <br /> <br />1.06 Contract – The agreement between the Contract Owner and the Company providing a <br />group fixed annuity as a funding option within the Plan. <br /> <br />1.07 Contract Owner (You, Your) – The Contract Owner shown on the Contract Specifications. <br /> <br />1.08 Contract Owner Account – An account maintained under this Contract to account for <br />Contributions, interest and withdrawals. <br /> <br />1.09 Contract Termination Date –The date specified by You or Us for termination of this Contract <br />under the Market Value Payment Option, as shown on the Contract Specifications. If a <br />Book Value Payment Option is elected, this date will be the business day immediately prior <br />to the final payment. <br /> <br />1.10 Contract Year – The twelve (12) month period which begins on the Effective Date of this <br />Contract and continues through each anniversary of the Effective Date thereafter. <br /> <br />1.11 Contributions – Amounts paid into the Contract. <br /> <br />1.12 Effective Date – The effective date shown on the Contract Specifications. <br /> <br />1.13 Notice of Contract Termination – A written, signed communication between You and Us or <br />other written communication approved in advance by Us, which provides information about <br />the Payout Initiation Date, and must include your election of one of the Payment Options <br />shown on the Contract Specifications. Any Notice of Contract Termination by You must be <br />received by Us at Our Service Office in good order. A Notice of Contract Termination is not <br />binding on any payment or action We make before receiving such Notice of Contract <br />Termination. Notice of termination and payment election cannot be modified unless <br />mutually agreed to by the parties. <br /> <br />1.14 In Writing - This term means a written form of communication satisfactory to us and <br /> received at our Service Office Address. We retain the right to agree in advance to accept <br /> communication by telephone or some other form of transmission, in a manner we prescribe, <br /> and doing so does not waive our right to require that future communications be in written <br /> form. Before we receive your communication at our Service Office Address, we will not be <br /> responsible for any action we take or allow that conflicts with your communication. With <br /> respect to any written communication from Us to You or any other person, this term means <br /> a written form of communication by ordinary mail to such person at the most recent address <br /> in our records. If agreed to in advance by You, we may also send communication to You by <br /> some other form of transmission. Any notice, election or request required or permitted under <br /> the terms of this Policy stated as “Notice”, “Request” or “Election” are communications <br /> required to be In Writing as provided by this definition. <br /> <br />1.15 Participant – A person defined as a Participant in the Plan.