Common use of Payment Upon Termination by Us Clause in Contracts

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

Appears in 1 contract

Samples: Guaranteed Benefit Employer Sponsored Tda and Qualified Plan (Aul American Unit Trust)

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

Appears in 1 contract

Samples: Insurance Contract (Aul American Unit Trust)

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

Appears in 1 contract

Samples: Insurance Contract (Aul American Unit Trust)

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

Appears in 1 contract

Samples: Guaranteed Benefit Employer Sponsored Tda Contract (Aul American Unit Trust)

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

Appears in 1 contract

Samples: Insurance Contract (Aul American Unit Trust)

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

Appears in 1 contract

Samples: Guaranteed Benefit Employer Sponsored Tda Contract (Aul American Unit Trust)

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

Appears in 1 contract

Samples: Tda Contract (Aul American Unit Trust)

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

Appears in 1 contract

Samples: Insurance Contract (Aul American Unit Trust)

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

Appears in 1 contract

Samples: Guaranteed Benefit Employer Sponsored Tda and Qualified Plan (Aul American Unit Trust)

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