Common use of ACCUMULATION UNITS Clause in Contracts

ACCUMULATION UNITS. Each Contribution allocated to one or more of the Funds is credited to an Individual Account as accumulation units. The number of accumulation units is calculated by dividing the amount of the Contribution allocated to the Fund by the accumulation unit value (see 3.05) as of the next Valuation Date following our receipt of the Contribution in Good Order at our Home Office.

Appears in 8 contracts

Samples: Group Combination Deferred Annuity Contract (VARIABLE ANNUITY ACCT C OF VOYA RETIREMENT INSURANCE & ANNUITY Co), Group Combination Deferred Annuity Contract (Variable Annuity Acct C of Ing Life Insurance & Annuity Co), Group Combination Deferred Annuity Contract (Variable Annuity Acct C of Ing Life Insurance & Annuity Co)

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ACCUMULATION UNITS. Each Contribution allocated to one or more of the Funds is credited to an Individual Account as accumulation units. The number of accumulation units is calculated by dividing the amount of the Contribution allocated to the Fund by the accumulation unit value (see 3.05) as of the next Valuation Date following our receipt of after the Contribution in Good Order is received at our Home OfficeOffice in Good Order.

Appears in 2 contracts

Samples: Group Combination Deferred Annuity Contract (Variable Annuity Acct C of Aetna Life Insurance & Annuity Co), Group Combination Deferred Annuity Contract (Aetna Life Insurance & Annuity Co /Ct)

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