Common use of Right of AUL to Terminate Clause in Contracts

Right of AUL to Terminate. AUL has the right, subject to applicable state law, to terminate any Participant Account established under this contract at any time during the Contract Year if the Account Value of such Participant Account is less than $200 for the first Contract Year in which a Contribution is made for the Participant, and $400 for any subsequent Contract Year, and at least P-12621.22 6 months following the date that AUL gives notice to the Contractholder and the Participant that the Participant Account is to be terminated, provided any Contributions made during such 6-month period are insufficient to bring such Account Value up to the minimum level.

Right of AUL to Terminate. AUL has the right, subject to applicable state law, to terminate any Participant Account established under this contract at any time during the Contract Year if the Account Value of such Participant Account is less than $200 for the first Contract Year in which a Contribution is made for the Participant, and $400 for any subsequent Contract Year, and at least P-12621.22 6 months following have elapsed since the last previous Contribution to the contract. If AUL elects to terminate a Participant Account in such event, such termination shall be effective on the date that AUL gives notice to the Contractholder and the Participant that the Participant Account is to be terminated, provided any Contributions made during such 6-month period are insufficient to bring such Account Value up to the minimum level.P-12621(BR).22

Right of AUL to Terminate. AUL has the right, subject to applicable state law, to terminate any Participant Account established under this contract at any time during the Contract Year if the Account Value of such Participant Account is less than $200 for the first Contract Year in which a Contribution is made for the Participant, and $400 for any subsequent Contract Year, and at least P-12621.22 6 months have elapsed since the last previous Contribution to the contract. If AUL elects to terminate a Participant Account in such event, such termination shall be effective on the date 6 months following the date that AUL gives notice to the Contractholder and the Participant that the Participant Account is to be terminated, provided that any Contributions made during such 6-month period are insufficient to bring such Account Value up to the minimum level.

Right of AUL to Terminate. AUL has the right, subject to applicable state law, to terminate any Participant Account established under this contract at any time during the Contract Year if the Account Value of such Participant Account is less than $200 for the first Contract Year in which a Contribution is made for the Participant, and $400 for any subsequent Contract Year, and at least P-12621.22 6 months have elapsed since the last previous Contribution to the contract. If AUL elects to terminate a Participant Account in such event, such termination shall be effective on the date 6 months following the date that AUL gives notice to the Contractholder and the Participant that the Participant Account is to be terminated, provided that any Contributions made during such 6-6- month period are insufficient to bring such Account Value up to the minimum level.

Right of AUL to Terminate. AUL has the right, subject to applicable state law, to terminate any Participant Account established under this contract at any time during the Contract Year if the Account Value of such Participant Account is less than $200 300 for the first Contract Year in which a Contribution is made for the Participant, and $400 500 for any subsequent Contract Year, and at least P-12621.22 6 months have elapsed since the Contractholder's last previous Contribution to the contract. If AUL elects to terminate a Participant Account in such event, such termination shall be effective on the date 6 months following the date that AUL gives notice to the Contractholder and the Participant that the Participant Account is to be terminated, provided any that the Contractholder fails to make Contributions made during such 6-month period are insufficient sufficient to bring such Account Value up to the minimum level.