How Contributions Are Handled. (b) Within any one Participant Account, the amount so credited shall be allocated to an Investment Option in increments elected in a form acceptable to AUL by the Contractholder or by that person designated to AUL by the Contractholder. If no Investment Option election is made with respect to a particular Contribution to any (par year) (no previous TDA -- match with GRA I) p-12621(BR).II.2
How Contributions Are Handled. (a) When a Contribution is received at the Home Office, it shall be credited to Participant Accounts as directed in written allocation instructions.
How Contributions Are Handled. (b) (1) The initial Contribution for a Participant shall be credited and allocated to the Participant Account no later than the close of business on the second business day of AUL after the later of (1) the business day that AUL receives the initial Contribution at its Home Office, or (2) the business day that AUL receives, at its Home Office, the data required to establish the Participant Account, instructions regarding the amount of the initial Contribution for the Participant, and Investment Option election instructions regarding the initial Contribution.
How Contributions Are Handled. Contributions are credited to the appropriate Contribution-Sources within each Participant Account as [you] direct in [your] allocation instructions. A Participant's initial Contribution is allocated to the Participant Account by the second Business Day after we (1) receive the initial Contribution or, if later, (2) receive all data necessary to complete the allocation (including data required to establish the Participant Account, the amount of the Participant's Contribution, and Investment Option elections). Subsequent Contributions are allocated to the Participant Account on the Business Day we (1) receive that Contribution or, if later, (2) receive all data necessary to complete the allocation. If we receive funds which cannot be allocated to a Participant=s Account, those funds will be returned to [you] in their entirety or, at our option, only the unallocable portion will be returned to [you], within 5 Business Days. (Use the following paragraph if we allow the 90-day equity wash option for this contract) If we can allocate a Contribution to a Participant=s Account, but we have not received his Investment Option elections, the Contribution will be credited to [the AUL Money Market Investment Account. However, such a Contribution will be credited to the FIA (not the AUL Money Market Investment Account) if you elect the 90-day transfer option outlined in Section 5.5(a).] Subsequently received Investment Option elections for that Participant will be used to allocate future Contributions only. We will transfer amounts previously allocated for that Participant to [the AUL Money Market Investment Account (or the FIA), plus gains or minus losses thereon, only if we are directed to make a transfer. This transfer request must be submitted in a format specifically authorized by us.] (Use the following paragraph if we do not allow the 90-day equity wash option for this contract) If we can allocate a Contribution to a Participant=s Account, but we have not received his Investment Option elections, the Contribution will be credited to [the AUL Money Market Investment Account.] Subsequently received Investment Option elections for that Participant will be used to allocate future Contributions only. We will transfer amounts previously allocated for that Participant to [the AUL Money Market Investment Account, plus gains or minus losses thereon, only if we are directed to make a transfer. This transfer request must be submitted in a format specifically authorized by ...
How Contributions Are Handled. (a) Contributions received at the Home Office shall be identified by the Contractholder as Elective Deferrals, Employee Mandatory Contributions, or Employer Contributions, and shall be credited to the appropriate subaccounts of each of the Participant Accounts as directed by the Contractholder in written allocation instructions.
How Contributions Are Handled. (a) When a Contribution is received at the Home Office, it shall be credited to Participant Accounts as directed in written allocation instructions. (b) The initial Contribution for a Participant shall be credited and allocated to the Participant Account no later than the close of business on the second business day of AUL after the later of (1) the business day that AUL receives the initial Contribution at its Home Office, or (2) the business day that AUL receives, at its Home Office, the data required to establish the Participant Account and allocation instructions regarding the initial Contribution. If the data required to establish the Participant Account and allocation instructions regarding the initial Contribution are not received by AUL at its Home Office within 5 business days after AUL first receives the initial Contribution, AUL shall return the initial Contribution to the contributing party unless consent is given to AUL to retain the initial Contribution until AUL receives the data and allocation instructions for the Participant. Alternatively, if the data required to establish the Participant Account and allocation instructions regarding the initial Contribution are not received by AUL at its Home Office when AUL first receives the initial Contribution, to the extent permitted by applicable law, AUL may allocate the initial Contribution to the Money Market Investment Account, and shall transfer such amounts credited to the Money Market Investment Account according to the applicable allocation instructions upon receipt of the data required to establish the Participant Account and allocation instructions.
How Contributions Are Handled. (a) Contributions received at AUL's Home Office shall be identified by the Contractholder and shall be credited to the appropriate subaccounts of each of the Participant Accounts as directed by the Contractholder in written allocation instructions. Code Section 403(b) Contributions shall be identified as Elective Deferrals, Employee Mandatory Contributions, or Employer Contributions.
How Contributions Are Handled. (b) Within any one Participant Account, the amount so credited shall be allocated to an Investment Option in increments elected in a form acceptable to AUL by the Contractholder or by that person designated to AUL by the Contractholder. If no Investment Option election is made with respect to a particular Contribution to any Participant Account, AUL shall process such credits in accordance with the Investment Option election applicable to the immediately preceding Contribution. The Contractholder or such designated person may change an Investment Option election with respect to future allocations to the applicable Participant Account by giving new Investment Option elections to AUL at its Home Office in a form acceptable to AUL.
How Contributions Are Handled. (b) (1) The initial Contribution for a Participant shall be credited and allocated to the Participant Account no later than the close of business on the second business day of AUL after the later of (1 the business day that AUL receives the initial Contribution at its Home Office, or (2) the business day that AUL receives, at its Home Office, the data required to establish the Participant Account, instructions regarding the amount of the initial Contribution for the Participant, and Investment Option election instructions regarding the initial Contribution. (2) If the data required to establish a Participant Account and instructions regarding the amount of a Contribution for the Participant are not received by AUL at its Home Office within 5 business days after AUL first receives that Contribution, AUL shall return that Contribution to the Contractholder unless the Contractholder consents to AUL retaining that Contribution until the earlier of (i) the date AUL receives such data and instructions and, therefore, can properly allocate that Contribution to the Participant Account or (ii) 25 days from the date that Contribution is received by AUL. (con year) P-12621.AMD.2
How Contributions Are Handled. (b) Within any one Participant Account, the amount so credited shall be allocated to an Investment Option in increments elected in a form acceptable to AUL by the Contractholder or by that person designated to AUL by the Contractholder. If no Investment Option election is made with respect to a particular Contribution to any (con year) (GRA VII BR -- Series I) p-12621(BR).II.2 Participant Account, AUL shall process such credits in accordance with the Investment Option election applicable to the immediately preceding Contribution. The Contractholder or such designated person may change an Investment Option election with respect to future allocations to the applicable Participant Account by giving new Investment Option elections to AUL at its Home Office in a form acceptable to AUL.
