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Common use of Amount of Contributions Clause in Contracts

Amount of Contributions. (a) Contributions may vary in amount and frequency; however, they must be at least equal to a minimum annual Contribution of $200 per Participant in any full Contract Year. AUL may change the minimum annual Contribution acceptable under this contract, but any such change shall apply only to individuals who become Participants on or after the date of the change. (b) Excess Contributions (plus gains or minus losses thereon) shall be withdrawn from a Participant Account and returned to the Participant upon receipt by AUL at its Home Office of complete written instructions from the Participant. Such written instructions must include the amount to be withdrawn and returned, and certification that such Contributions constitute Excess Contributions and that such returns are permitted by applicable provisions of the Code and Regulations issued thereunder. It shall not be the responsibility of AUL to determine the existence or amount of Excess Contributions or gains or losses thereon, or that returns of Excess Contributions are permitted by applicable provisions of the Code and Regulations. In withdrawing and returning the identified amount, AUL may rely solely on such written instructions and certification. Such a withdrawal and return of Excess Contributions shall not be subject to Section 4.8.

Appears in 2 contracts

Samples: Custodial Contract (Aul American Unit Trust), Custodial Contract (Aul American Unit Trust)

Amount of Contributions. (a) Contributions may vary in amount and frequency; however, they must be at least equal to a minimum annual Contribution of $300 (for Code Section 401(a) Contributions) and $200 (for Code Section 403(b) Contributions) per Participant in any full Contract Year. AUL may change the minimum annual Contribution acceptable under this contractcon tract, but any such change shall apply only to individuals who become Participants on or after the date of the change. (b) Excess Contributions (plus gains or minus losses thereon) shall be withdrawn from a Participant Account and returned to the Participant or to whomever the Contractholder directs pursuant to the Plan upon receipt by AUL at its Home Office of complete written instructions from the ParticipantContractholder. Such written instructions must include the amount to be withdrawn and returned, and certification that such Contributions constitute Excess Contributions and that such returns are permitted by the applicable Plan and by applicable provisions of the Code and Regulations issued thereunder. It shall not be the responsibility of AUL to determine the existence or amount of Excess Contributions or gains or losses thereon, or that returns of Excess Contributions or gains or losses thereon are permitted by the Plan and by applicable provisions of the Code and Regulations. In withdrawing and returning the identified amount, AUL may rely solely on such written instructions and certification. Such a withdrawal and return of Excess Contributions shall not be subject to Section 4.84.1.

Appears in 1 contract

Samples: Employer Sponsored Qualified Variable Annuity Contract (Aul American Unit Trust)

Amount of Contributions. (a) Contributions may vary in amount and frequency; however, when made, they must be at least equal to a minimum annual Contribution of $200 per Participant in any full Contract Year. AUL may change the minimum annual Contribution acceptable under this contract, but any such change shall apply only to individuals who become Participants on or after the date of the change. (b) Excess Contributions (plus gains or minus losses thereon) shall be withdrawn from a Participant Account and returned to the Participant upon receipt by AUL at its Home Office of complete written instructions from the Participant. Such written instructions must include the amount to be withdrawn and returned, and certification that such Contributions constitute Excess Contributions and that such returns are permitted by applicable provisions of the Code and Regulations issued thereunder. It shall not be the responsibility of AUL to determine the existence or amount of Excess Contributions or gains or losses thereon, or that returns of Excess Contributions are permitted by applicable provisions of the Code and Regulations. In withdrawing and returning the identified amount, AUL may rely solely on such written instructions and certification. Such a withdrawal and return of Excess Contributions shall not be subject to Section 4.8.

Appears in 1 contract

Samples: Custodial SPL Contract (Aul American Unit Trust)

Amount of Contributions. (a) Contributions may vary in amount and frequency; however, they must be at least equal to a minimum annual Contribution of $200 per Participant in any full Contract Year. AUL may change the minimum annual Contribution acceptable under this contract, but any such change shall apply only to individuals who become Participants on or after the date of the change. (b) Excess Contributions (plus gains or minus losses thereon) shall be withdrawn from a Participant Account and returned to the Participant upon receipt by AUL at its Home Office of complete written instructions from the Contractholder or the Participant. Such written instructions must include the amount to be withdrawn and returned, and certification that such Contributions constitute Excess Contributions and that such returns are permitted by applicable provisions of the Code and Regulations issued thereunder. It shall not be the responsibility of AUL to determine the existence or amount of Excess Contributions or gains or losses thereon, or that returns of Excess Contributions are permitted by applicable provisions of the Code and Regulations. In withdrawing and returning the identified amount, AUL may rely solely on such written instructions and certification. Such a withdrawal and return of Excess Contributions shall not be subject to Section 4.8.

Appears in 1 contract

Samples: Voluntary Contract (Aul American Unit Trust)

Amount of Contributions. (a) Contributions may vary in amount and frequency; however, they must be at least equal to a minimum annual Contribution of $200 per Participant in any full Contract Year. AUL may change the minimum annual Contribution acceptable under this contract, but any such change shall apply only to individuals who become Participants on or after the date of the change. (b) Excess Contributions (plus gains or minus losses thereon) shall be withdrawn from a Participant Account and returned to the Participant or to whomever the Contractholder directs pursuant to the Plan upon receipt by AUL at its Home Office of complete written instructions from the ParticipantContractholder. Such written instructions must include the amount to be withdrawn and returned, and certification that such Contributions constitute Excess Contributions and that such returns are permitted by the Plan and by applicable provisions of the Code and Regulations issued thereunder. It shall not be the responsibility of AUL to determine the existence or amount of Excess Contributions or gains or losses thereon, or that returns of Excess Contributions are permitted by the Plan and by applicable provisions of the Code and Regulations. In withdrawing and returning the identified amount, AUL may rely solely on such written instructions and certification. Such a withdrawal and return of Excess Contributions shall not be subject to Section 4.8Sections 4.1 and 4.3.

Appears in 1 contract

Samples: Employer Sponsored Benefit Contract (Aul American Unit Trust)

Amount of Contributions. (a) Contributions may vary in amount and frequency; however, they must be at least equal to a minimum annual Contribution of $200 per Participant in any full Contract Year. AUL may change the minimum annual Contribution acceptable under this contract, but any such change shall apply only to individuals who become Participants on or after the date of the change. (b) Excess Contributions (plus gains or minus losses thereon) shall be withdrawn from a Participant Account and returned to the Participant or to whomever the Contractholder directs pursuant to the Plan upon receipt by AUL at its Home Office of complete written instructions from the ParticipantContractholder. Such written instructions must include the amount to be withdrawn and returned, and certification that such Contributions constitute Excess Contributions and that such returns are permitted by the Plan and by applicable provisions of the Code and Regulations issued thereunder. It shall not be the responsibility of AUL to determine the existence or amount of Excess Contributions or gains or losses thereon, or that returns of Excess Contributions are permitted by the Plan and by applicable provisions of the Code and Regulations. In withdrawing and returning the identified amount, AUL may rely solely on such written instructions and certification. Such a withdrawal and return of Excess Contributions shall not be subject to Section 4.8.

Appears in 1 contract

Samples: Employer Sponsored Contract (Aul American Unit Trust)

Amount of Contributions. (a) Contributions may vary in amount and frequency; however, they must be at least equal to a minimum annual Contribution of $200 300 per Participant in any full Contract Year. AUL may change the minimum annual Contribution acceptable under this contract, but any such change shall apply only to individuals who become Participants on or after the date of the change. (b) . Excess Contributions (plus gains or minus losses thereon) shall be withdrawn with- drawn from a Participant Account and returned to the Participant Contractholder or to whomever the Contractholder directs pursuant to the Plan upon receipt by AUL at its Home Office of complete written instructions from the ParticipantContractholder. Such written instructions must include the amount to be withdrawn and returned, and certification that such Contributions constitute Excess Contributions and that such returns are permitted by the Plan and by applicable provisions of the Internal Revenue Code and Regulations issued thereunder. It shall not be the responsibility of AUL to determine the existence or amount of Excess Contributions or gains or losses thereon, or that returns of Excess Contributions are permitted by the Plan and by applicable provisions of the Code and Regulations. In withdrawing and returning the identified amount, AUL may rely solely on such written instructions and certification. Such a withdrawal and return of Excess Contributions shall not be subject to Section 4.8.

Appears in 1 contract

Samples: DCP Contract (Aul American Unit Trust)