Right of Contractholder to Terminate. This contract shall terminate if the Contractholder gives written notice to AUL that this contract is to be terminated. In such event, the termination notice shall be effective as of the close of business on the Valuation Date that AUL receives a proper written Contractholder notice at its Home Office. This date shall be the effective date of termination. This contract shall also terminate automatically as of the date that there are no Participant Accounts maintained hereunder.
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Samples: Employer Sponsored Benefit Contract (Aul American Unit Trust), DCP Contract (Aul American Unit Trust), Employer Sponsored Qualified New Multiple Fund Va Contract (Aul American Unit Trust)
Right of Contractholder to Terminate. This contract shall terminate if the Contractholder gives written notice to AUL that this contract is to be terminated. In such event, the termination notice shall be effective as of the close of business on the Valuation Date that AUL receives a proper written Contractholder notice at its Home Office, provided that AUL receives such notice by 4:00 p.m. E.S.T. on that Valuation Date. If such notice is received after 4:00 p.m. E.S.T., such notice shall be effective as of the close of business on the next succeeding Valuation Date. This date shall be the effective date of termination. This contract shall also terminate automatically as of the date that there are no Participant Accounts maintained hereunder.
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Samples: Employer Sponsored Benefit Contract (Aul American Unit Trust), Employer Sponsored Contract (Aul American Unit Trust)
Right of Contractholder to Terminate. This contract shall terminate if the Contractholder gives written notice to AUL that this contract is to be terminated. In such event, the termination notice shall be effective as of the close of business on the Valuation Date that AUL receives a proper written Contractholder notice at its Home Office, provided that AUL receives such notice by 4:00 p.m. E.S.T. on that Valuation Date. If such notice is received after 4:00 p.m. E.S.T., such notice shall be effective as of the close of business on the next succeeding Valuation Date. This date shall be the effective date of termination. This contract shall also terminate automatically as of the date that there are no Participant Accounts maintained hereunder.
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Right of Contractholder to Terminate. This contract shall terminate if the Contractholder gives written notice to AUL that this contract is to be terminated. In such event, the termination notice shall be effective as of the close of business on the Valuation Date that AUL receives a proper written Contractholder notice at its Home Office. This date shall be the effective date of termination. This contract shall also terminate automatically as of the date that there are no Participant Accounts maintained hereunder.. (Corporate stand-alone/effective 3/1/97 or later) 12518br.adm
Appears in 1 contract
Right of Contractholder to Terminate. This contract shall terminate if the Contractholder gives written notice to AUL that this contract is to be terminated. In such event, the termination notice shall be effective as of the close of business on the Valuation Date that AUL receives a proper written Contractholder notice at its Home Office. This date shall be the effective date of termination. This contract shall also terminate automatically as of the date that there are no Participant Accounts maintained hereunder.. (Corporate stand-alone/prior to 3/1/97) 12518br.adm
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