Common use of Payment Upon Termination by Us Clause in Contracts

Payment Upon Termination by Us. As of the effective date of termination of a Participant Account by us, we may elect to have a single sum equal to the Account Value of the Participant Account on the effective date of termination paid to you within [7 days] from that date. Any such payment is in full settlement of the Participant Account under this contract and in lieu of any other payment under its terms. GBErTDA.OM-K [(SBR)] 19

Appears in 1 contract

Samples: Aul American Unit Trust

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Payment Upon Termination by Us. As of the effective date of termination of a your Participant Account by us, we may elect to have a single sum equal to the your Account Value of the Participant Account on the effective date of termination paid to you the Contractholder within [7 days] from that date. Any such payment is in full settlement of the your Participant Account under this the contract and in lieu of any other payment under its terms. GBErTDA.OM-K [(SBR)] 19.

Appears in 1 contract

Samples: Aul American Unit Trust

Payment Upon Termination by Us. As of the effective date of termination of a Participant Account by us, we may elect to have a single sum equal to the Account Value of the Participant Account on the effective date of termination paid to you within [7 days] days from that date. Any such payment is in full settlement of the Participant Account under this contract and in lieu of any other payment under its terms. GBErTDA.OMP-K [(SBR)] 19GB-K-AUL1MFVA.17

Appears in 1 contract

Samples: Aul American Unit Trust

Payment Upon Termination by Us. As of the effective date of termination of a Participant Account by us, we may elect to have a single sum equal to the Account Value of the Participant Account on the effective date of termination paid to you [the Plan Sponsor] within [7 days] from that date. Any such payment is in full settlement of the Participant Account under this contract and in lieu of any other payment under its terms. GBErTDA.OM-K [(SBR)] 19.

Appears in 1 contract

Samples: Aul American Unit Trust

Payment Upon Termination by Us. As of the effective date of termination of a your Participant Account by us, we may elect to have a single sum equal to the your Account Value of the Participant Account on the effective date of termination paid to you the Contractholder within [7 days] days from that date. Any such payment is in full settlement of the your Participant Account under this contract the Contract and in lieu of any other payment under its terms. GBErTDA.OM-K [(SBR)] 199.5

Appears in 1 contract

Samples: Aul American Unit Trust

Payment Upon Termination by Us. As of the effective date of termination of a Participant Account by us, we may elect to have a single sum equal to the Account Value of the Participant Account on the effective date of termination paid to you within [7 days] from that date. Any such payment is in full settlement of the Participant Account under this contract and in lieu of any other payment under its terms. GBErTDA.OM-K [(SBR)] 19.

Appears in 1 contract

Samples: Aul American Unit Trust

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Payment Upon Termination by Us. As of the effective date of termination of a Participant Account by us, we may elect to have a single sum equal to the Account Value of the Participant Account on the effective date of termination paid to you within [7 days] days from that date. Any such payment is in full settlement of the Participant Account under this contract and in lieu of any other payment under its terms. GBErTDA.OM-K [(SBR)] 199.5

Appears in 1 contract

Samples: Aul American Unit Trust

Payment Upon Termination by Us. As of the effective date of termination of a your Participant Account by us, we may elect to have a single sum equal to the your Account Value of the Participant Account on the effective date of termination paid to you the Contractholder within [7 days] days from that date. Any such payment is in full settlement of the your Participant Account under this contract the Contract and in lieu of any other payment under its terms. GBErTDA.OMP-K [(SBR)] 19GB-C-AUL1MFVA.16

Appears in 1 contract

Samples: Aul American Unit Trust

Payment Upon Termination by Us. As of the effective date of termination of a your Participant Account by us, we may elect to have a single sum equal to the your Account Value of the Participant Account on the effective date of termination paid to you the Contractholder within [7 days] from that date. Any such payment is in full settlement of the Participant your Account under this contract the Contract and in lieu of any other payment under its terms. GBErTDA.OM-K C [(SBR)] 19

Appears in 1 contract

Samples: Aul American Unit Trust

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