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SECTION 8 - TERMINATION OF CONTkACT 8.1 Termination by Either Party: (a) You may terminate this contract by giving us notice and electing a form of payment described in §8.2(a). (b) We may terminate this contract by giving you notice and making the payment described in §8.2(b) if. (1) you reject a modification to this contract that we propose under §7.4; (2) we have ceased issuing new contracts of this type and intend to terminate substantially all contracts similar in nature to this contract; (3) after the first 3 Contract Years have elapsed, your Account Value under this contract totals less than $100,000; (4) the Plan continues to be operated or administered in a manner that we determine would disqualify the Plan, is unlawful, violates ERISA or the Internal Revenue Code, or exposes us to potential liability, after we have provided you with at least 30 days notice of our concern; or (5) the Plan Sponsor files for protection under federal bankruptcy law, is deemed insolvent, dissolves, closes, or shuts down its business, or ceases operations. (c) Termination by either party is effective on the 90th day following receipt of the termination notice, unless you and we agree to another date. 8.2 Payment Upon Termination: (a) If you terminate the contract: (1) We pay you your Withdrawal Value in 5 equal annual installments. Calculation of the amount of each installment to be paid is made on the termination effective date. We pay the first installment on the termination effective date. Subsequent installments are paid on the anniversary of the termination effective date. During the installment payment period, interest is credited to your terminating amounts at a rate equal to the Guaranteed Rate (as determined on the first installment payment date), less 1 %. The minimum rate guarantee provided in §3.3 applies to the interest credited under this Section. Interest is paid with each installment. (2) Transfer to Another Contract: In lieu of the payments provided in Paragraph (1) above, you may transfer your Account Value to any group annuity contract which we may make available. Any such amounts are transferred on the termination effective date, unless you and we agree to another date. Calculation of the amount to be transferred is made on the Business Day preceding the transfer date. (b) If we terminate the contract, we pay you according to the provisions of Subsection (a)(1) above. However, if we terminate the contract for the reasons in §8.1(b)(1) or (2), we pay GB8.OM-KuFIA3121 SpPport (SBR-NR457) 12