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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, a minimum Contribution of at least $100,000 must be made for a Participant in order to establish a Participant Account. Any additional Contributions made within the 12-month period beginning on the date the initial Contribution is credited to that Participant Account (hereinafter called

Appears in 3 contracts

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

Amount of Contributions. (a) Contributions may vary in amount and frequency; however, a minimum Contribution of at least $100,000 must be made for a Participant in order to establish a Participant Account. Any additional Contributions made within the 12-month period beginning on the date the initial Contribution is credited to that Participant Account (hereinafter calledcalled a Certificate Year) shall also be credited to that Participant Account. Any initial Contribution made within a different Certificate Year shall also be subject

Appears in 2 contracts

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