Payment Due to Termination by AUL. As of the effective date of termination of a Participant Account by AUL pursuant to Section 8.3, AUL may elect to have a payment made as set out below to the Contractholder. Any such payment shall be in full settlement of the Participant Account under this contract and in lieu of any other payment under its terms. Upon termination of a Participant Account pursuant to Section 8.3, a single sum equal to the Account Value of the Participant Account shall be calculated as of the close of business on the effective date of termination and shall be payable within 7 days from such effective date of termination. P-12621(BR).23
Appears in 1 contract
Samples: Employer Sponsored Benefit Contract (Aul American Unit Trust)
Payment Due to Termination by AUL. As of the effective date of termination of a Participant Account by AUL pursuant to Section 8.3, AUL may elect to have a payment made as set out below to the Contractholder. Any such payment shall be in full settlement of the Participant Account under this contract and in lieu of any other payment under its terms. Upon termination of a Participant Account pursuant to Section 8.3, a single sum equal to the Account Value of the Participant Account shall be calculated as of the close of business on the effective date of termination and shall be payable within 7 days from such effective date of termination. P-12621(BR).23P-12621.23
Appears in 1 contract
Samples: Employer Sponsored Contract (Aul American Unit Trust)
Payment Due to Termination by AUL. As of the effective date of termination of a Participant Account by AUL pursuant to Section 8.3, AUL may elect to have a payment made as set out below to the Contractholder. Any such payment shall be in full settlement of the Participant Account under this contract and in lieu of any other payment under its terms. Upon termination of a Participant Account pursuant to Section 8.3, AUL may elect to have a single sum equal to the Account Value of the Participant Account shall be calculated as of the close of business on the effective date of termination and shall be payable paid to the Contractholder within 7 days from such effective date of termination. P-12621(BR).23P-14020(SBR)(MBR)(NBR)conv.20
Appears in 1 contract
Samples: Employer Sponsored Qualified Variable Annuity Contract (Aul American Unit Trust)
Payment Due to Termination by AUL. As of the effective date of termination of a Participant Account by AUL pursuant to Section 8.3, AUL may elect to have a payment made as set out below to the Contractholder. Any such payment shall be in full settlement of the Participant Account under this contract and in lieu of any other payment under its terms. Upon termination of a Participant Account pursuant to Section 8.3, a single sum equal to the Account Value of the Participant Account shall be calculated as of the close of business on the effective date of termination and shall be payable within 7 days from such effective date of termination. P-12621(BR).23P-12518.18
Appears in 1 contract
Payment Due to Termination by AUL. As of the effective date of termination of a Participant Account by AUL pursuant to Section 8.3, AUL may elect to have a payment made as set out below to the Contractholder. Any such payment shall be in full settlement of the Participant Account under this contract and in lieu of any other payment under its terms. Upon termination of a Participant Account pursuant to Section 8.3, AUL may elect to have a single sum equal to the Account Value of the Participant Account shall be calculated as of the close of business on the effective date of termination and shall be payable paid to the Contractholder within 7 days from such effective date of termination. P-12621(BR).23P-14020(SBR)(MBR)(NBR).20
Appears in 1 contract
Samples: Employer Sponsored Qualified New Multiple Fund Va Contract (Aul American Unit Trust)
