Common use of Right of Contractholder to Terminate Clause in Contracts

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.

Appears in 5 contracts

Samples: Aul American Unit Trust, Aul American Unit Trust, Aul American Unit Trust

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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/prior to 3/1/97) 12518br.adm

Appears in 1 contract

Samples: Aul American Unit Trust

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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

Samples: Aul American Unit Trust

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