Common use of Other Plan Benefits Payable in Cash Clause in Contracts

Other Plan Benefits Payable in Cash. Subject to the limitations provided in Section 4.1, at any time prior to termination of the contract pursuant to the provisions of Article 8, the Contractholder may direct AUL to make a cash payment from a Participant Account to the Contractholder or to whomever the Contractholder directs for the purpose of providing Plan benefits other than those provided in Section 4.2(a)(2). If it is necessary to withdraw the entire Account Value of a Participant Account to make such payment, the amount paid shall equal the Withdrawal Value, minus any Section 6.4 charges. If it is not necessary to withdraw the entire Account Value to make such payment, AUL shall reduce the Account Value of the Participant Account by an amount sufficient to make the cash payment requested and to cover the Withdrawal Charge and any Section 6.4

Appears in 2 contracts

Samples: Employer Sponsored Qualified New Multiple Fund Va Contract (Aul American Unit Trust), Employer Sponsored Qualified Variable Annuity Contract (Aul American Unit Trust)

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Other Plan Benefits Payable in Cash. Subject to the limitations provided in Section 4.1, at any time prior to termination of the contract pursuant to the provisions of Article 8, the Contractholder may direct AUL to make a cash payment from a Participant Account to the Contractholder or to whomever the Contractholder directs for the purpose of providing Plan benefits other than those provided in Section 4.2(a)(2) and (3). If it is necessary to withdraw the entire Account Value of a Participant Account to make such payment, the amount paid shall equal the Withdrawal Value, minus any Section 6.4 charges. If it is not necessary to withdraw the entire Account Value to make such payment, AUL shall reduce the Account Value of the Participant Account by an amount sufficient to make the cash payment requested and to cover the Withdrawal Charge and any Section 6.4

Appears in 2 contracts

Samples: Employer Sponsored Qualified Variable Annuity Contract (Aul American Unit Trust), Employer Sponsored Qualified New Multiple Fund Va Contract (Aul American Unit Trust)

Other Plan Benefits Payable in Cash. Subject to the limitations provided in Section 4.1, at any time prior to termination of the contract pursuant to the provisions of Article 8, the Contractholder may direct AUL to make a cash payment from a Participant Account to the Contractholder or to whomever the Contractholder directs for the purpose of providing Plan benefits other than those provided in Section 4.2(a)(24.2(b). If it is necessary to withdraw the entire Account Value of a Participant Account to make such payment, the amount paid shall equal the Withdrawal Value, minus any Section 6.4 6.5 charges. If it is not necessary to withdraw the entire Account Value to make such payment, AUL shall reduce the Account Value of the Participant Account by an amount sufficient to make the cash payment requested and to cover the Withdrawal Charge and any Section 6.46.5

Appears in 1 contract

Samples: Employer Sponsored Contract (Aul American Unit Trust)

Other Plan Benefits Payable in Cash. Subject to the limitations provided in Section 4.14.9, at any time prior to termination of the contract pursuant to the provisions of Article 8, the Contractholder may direct AUL to make a cash payment from a Participant Account to the Contractholder or to whomever the Contractholder directs for the purpose of providing Plan benefits other than those provided in Section 4.2(a)(24.7(b). If it is necessary to withdraw the entire Account Value of a Participant Account to make such payment, the amount paid shall equal the Withdrawal Value, minus any Section 6.4 6.5 charges. If it is not necessary to withdraw the entire Account Value to make such payment, AUL shall reduce the Account Value of the Participant Account by an amount sufficient to make the cash payment requested and to cover the Withdrawal Charge and any Section 6.46.5

Appears in 1 contract

Samples: DCP Contract (Aul American Unit Trust)

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Other Plan Benefits Payable in Cash. Subject to the limitations provided in Section 4.14.9, at any time prior to termination of the contract pursuant to the provisions of Article 8, the Contractholder may direct AUL to make a cash payment from a Participant Account to the Contractholder or to whomever the Contractholder directs for the purpose of providing Plan benefits other than those provided in Section 4.2(a)(24.7(b) and (c). If it is necessary to withdraw the entire Account Value of a Participant Account to make such payment, the amount paid shall equal the Withdrawal Value, minus any Section 6.4 6.5 charges. If it is not necessary to withdraw the entire Account Value to make such payment, AUL shall reduce the Account Value of the Participant Account by an amount sufficient to make the cash payment requested and to cover the Withdrawal Charge and any Section 6.46.5

Appears in 1 contract

Samples: DCP Contract (Aul American Unit Trust)

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