How Contributions Are Handled Sample Clauses

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. (b) Within any one Participant Account, the amount so credited shall be allocated to an Investment Option in increments elected in a form acceptable by AUL by the Contractholder or by that person designated in writing 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. (c) The initial Contribution for a Participant shall be 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 elections regarding the initial Contribution. (1) For Code Section 401(a) Contributions: 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 as of the date AUL receives that Contribution, AUL shall allocate that Contribution to a suspense account within AUL's general asset account, which shall earn interest at rates equal to the Current Rates of Interest which would have been earned had such Contributions been allocated to the Fixed Interest Account on the date such Contribution was allocated to the suspense account. (2) For Code Section 403(b)

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. (c) All Contributions subsequent to the initial Contribution shall be credited and allocated as of the close of business on the Valuation Period in which AUL receives the Contribution at its Home Office, provided that the Contribution is received by 4:00 p.m.

How Contributions Are Handled. (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 contributing party unless the contributing party 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.

How Contributions Are Handled. (a) When a Contribution is received at the Home Office, it shall be credited to Participant Accounts as directed by the Contractholder 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 Contractholder unless the Contractholder consents to AUL retaining the initial Contribution until AUL receives the data and allocation instructions for the Participant. (c) All Contributions subsequent to the initial Contribution shall be credited and allocated as of the close of business on the Valuation Period in which AUL receives the Contribution at its Home Office, provided that the Contribution is received by 4:00 p.m.

How Contributions Are Handled. 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. (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. (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 when AUL first receives the initial Contribution, AUL shall allocate the initial Contribution to the Money Market Investment Account, and shall send written notice to the Contractholder following the end of the month in which the unallocable initial Contribution is received by AUL. If proper data and allocation instructions are not provided to AUL within a reasonable period of time, which shall not exceed 105 days from the date the initial Contribution is first credited to the Money Market Investment Account, AUL shall return to the Contractholder all Contributions that remain unallocated, plus gains or minus losses thereon, or shall follow other instructions provided by the Contractholder. P-12621(BR).8 (c) All Contributions subsequent to the initial Contribution shall be credited and allocated as of the close of business on the Valuation Period in which AUL receives the Contribution at its Home Office, provided that the Contribution is received by 4:00 p.m.

How Contributions Are Handled. 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.

How Contributions Are Handled. 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. (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 P-12867.7 A Mutual Company G-11020B