Common use of How Contributions Are Handled Clause in Contracts

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 us.] Participant Account funds may be allocated to Investment Options in any increments acceptable to us. Investment Option elections remain in effect until changed by [the Participant]. A change in Investment Option elections is made by giving us new Investment Option elections.

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 (b) (1) The initial Contribution is for a Participant shall be credited and allocated to the Participant Account by no later than the close of business on the second Business Day business day of AUL after we the later of (1) receive 1 the business day that AUL receives the initial Contribution orat its Home Office, if later, or (2) receive all data necessary to complete the allocation (including 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's Contribution, and Investment Option elections). Subsequent Contributions 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 allocated 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 on or (ii) 25 days from the Business Day we (1) receive date that Contribution or, if later, is received by AUL. (2con year) receive all P-12621.AMD.2 (3) If the data necessary required to complete the allocation. If we receive funds which cannot be allocated to establish a Participant=s Participant Account, those funds will be returned to [you] in their entirety orincluding any annuity enrollment form required by AUL, at our option, only and instructions regarding 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 amount of a Contribution to a Participant=s Accountfor the Participant are received, but we have not received his an Investment Option electionselection for that Participant is not received, by AUL at its Home Office as of the date AUL receives that Contribution, AUL shall allocate that Contribution will be credited to [the Investment Option election identified in the Participant's annuity enrollment form, which is generally the AUL American Money Market Investment Account. HoweverIf AUL subsequently receives the data required to establish the Participant Account, instructions regarding the amount of the Contribution for the Participant, and an Investment Option election, AUL shall then transfer such a Contribution will be amounts 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 American Money Market Investment Account (or other Investment Account identified in the FIA)Participant's annuity enrollment form, plus gains or minus losses thereon, only to another Investment Option, if we are directed such election so directs. (c) Contributions for a Participant subsequent to make a transfer. This transfer request must the initial Contribution shall be submitted credited and allocated to the Participant Account as of the close of business on the later of (1) the Valuation Period in a format specifically authorized by us.] which AUL receives that Contribution at its Home Office or (Use 2) the following paragraph if we do not allow Valuation Period in which AUL receives, at its Home Office, the 90-day equity wash option for this contract) If we can allocate a Contribution data required to a Participant=s establish the Participant Account, but we have not received his instructions regarding the amount of that Contribution for the Participant, and Investment Option electionselection instructions. (d) Within any one Participant Account, the Contribution will be amount so 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 us.] Participant Account funds may shall be allocated to an Investment Options 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 allocation instruction is made with respect to any Participant Account, AUL shall process such credits in accordance with the investment allocation instruction applicable to the immediately preceding Contribution. The Contractholder or such designated person may change an investment allocation instruction with respect to future allocations to the applicable Participant Account by giving new investment allocation instructions to AUL at its Home Office in a form acceptable to AUL. 3.3 Addition, Deletion, or Substitution of Investments: (a) AUL reserves the right, subject to compliance with applicable law, to make additions to, deletions from, substitution for, or combinations of, the securities that are held by the Variable Account or any Investment Account or that the Variable Account or any Investment Account may purchase. AUL reserves the right to eliminate the shares of any of the eligible Mutual Funds or Mutual Fund Portfolios and to substitute shares of, or interests in, another Portfolio of the AUL American Series Fund, Inc., another open-end, registered investment company, or another investment vehicle, for shares already purchased or to be purchased in the future under the contract, if the shares of any or all eligible Mutual Funds or Mutual Fund Portfolios are no longer available for investment or if further investment in any increments acceptable or all eligible Mutual Funds or Mutual Fund Portfolios becomes inappropriate in view of the purposes of the Variable Account or the contract. Where required under applicable law, AUL will not substitute any shares attributable to usthe Contractholder's interest in the Variable Account or any Investment Account without notice, Contractholder or Participant approval, or prior approval of the Securities and Exchange Commission or a state insurance commissioner, and without following the filing or other procedures established by applicable state insurance regulators. Investment Option elections remain in effect until changed by [Nothing contained herein shall prevent the Participant]. A change in Investment Option elections is made by giving us new Investment Option elections.Variable Account from

How Contributions Are Handled. Contributions are (a) A Contribution received by AUL at its Home Office shall be credited to the appropriate Contribution-Sources within each Participant Contractholder Account as [you] direct pursuant to instructions submitted in [your] allocation instructions. A Participant's a form acceptable to AUL. (1) The initial Contribution is for the Contractholder shall be credited and allocated to the Participant Contractholder Account by no later than the close of business on the second Business Day Valuation Date after we the later of (1) receive the Valuation Date that AUL receives the initial Contribution orat its Home Office, if later, or (2) receive all data necessary to complete the allocation (including Valuation Date that AUL receives, at its Home Office, the data required to establish the Participant Account, the amount of the Participant's Contribution, Contractholder Account and Investment Option elections). Subsequent Contributions are allocated to elections regarding the Participant Account on the Business Day we (1) receive that Contribution or, if later, initial Contribution. (2) receive all If the data necessary required to complete establish the allocation. If we receive funds which canContractholder Account is not be allocated received by AUL at its Home Office at the time AUL first receives that Contribution, AUL shall return that Contribution 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], Contractholder within 5 Business Days. Valuation Dates. (Use the following paragraph if we allow the 90-day equity wash option for this contract3) If we can the data required to establish the Contractholder Account is received, but an Investment Option election for the Contractholder is not received, by AUL at its Home Office as of the date AUL receives that Contribution, AUL shall allocate a that Contribution to a Participant=s Account, but we have not received his Investment Option elections, the Contribution will be credited to [the AUL American Money Market Investment Account. HoweverIf AUL subsequently receives the data required to establish the Contractholder Account and an Investment Option election, AUL shall then transfer such a Contribution will be amounts 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 American Money Market Investment Account, plus gains or minus losses thereon, only if we are directed to make a transfer. This transfer request must the appropriate Investment Option. (c) Contributions subsequent to the initial Contribution shall be submitted credited to the Contractholder Account as of the close of business on the later of (1) the Valuation Period in a format specifically authorized by us.] Participant which AUL receives that Contribution at its Home Office or (2) the Valuation Period in which AUL receives, at its Home Office, the data required to establish the Contractholder Account funds may be allocated to Investment Options in any increments acceptable to us. Investment Option elections remain in effect until changed by [the Participant]. A change in Investment Option elections is made by giving us new and Investment Option elections. (d) Within the Contractholder Account, the amount so credited shall be allocated to an Investment Option in increments elected by the Contractholder in a form acceptable to AUL. The Contractholder may change an Investment Option election with respect to future allocations to the Contractholder Account by giving new Investment Option elections to AUL at its Home Office in a form acceptable to AUL.

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 The initial Contribution is for a Participant shall be credited and allocated to the Participant Account by no later than the close of business on the second Business Day business day of AUL after we the later of (1) receive the business day that AUL receives the initial Contribution orat its Home Office, if later, or (2) receive all data necessary to complete the allocation (including 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's Contribution, and Investment Option elections)election instructions regarding the initial Contribution. Subsequent Contributions If the data required to establish a Participant Account, instructions regarding the amount of the initial Contribution for the Participant, and Investment Option election instructions regarding the initial Contribution are allocated 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 required to establish the Participant Account on the Business Day we (1) receive that Contribution orand such instructions. However, if laterthe data required to establish a Participant Account and instructions regarding the amount of the initial Contribution for the Participant are received, (2) receive all data necessary to complete but Investment Option election instructions regarding the allocation. If we receive funds which caninitial Contribution are not be allocated to a Participant=s Accountreceived, those funds will be returned to [you] by AUL at its Home Office when AUL first receives the initial Contribution, AUL may, in their entirety orits sole discretion, at our option, only allocate 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 initial Contribution to a Participant=s Account, but we have not received his Investment Option elections, the Contribution will be credited to [the AUL American Money Market Investment Account, and shall send written notice to the Contractholder following the end P-12621NBR.II.2 of the month in which the unallocable initial Contribution is received by AUL. HoweverUpon receipt of proper Investment Option election instructions for the Participant, AUL shall then transfer such a Contribution will be amounts 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 American Money Market Investment Account, plus gains or minus losses thereon, only if we are directed required pursuant to make a transfersuch instructions. This transfer request must be submitted in a format specifically authorized by us.] Participant Account funds may be allocated to Investment Options in any increments acceptable to us. If proper Investment Option elections election 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 AUL American Money Market Investment Account, AUL shall return to the Contractholder all Contributions that remain in effect until changed unallocated, plus gains or minus losses thereon, or shall follow other instructions provided by [the Participant]. A change in Investment Option elections is made by giving us new Investment Option electionsContractholder.