Common use of Withdrawal Benefits Clause in Contracts

Withdrawal Benefits. (d) The Account Value to be applied pursuant to this Section shall be determined as of the applicable Valuation Date determined in (c) above. If the entire Account Value of a Participant Account is withdrawn, the Participant shall be paid the Withdrawal Value. If the Participant requests that a specified percentage or dollar amount be paid to the Participant, AUL shall withdraw from the Participant Account an amount equal to the dollar amount to be paid divided by the difference between 1 and the decimal equivalent of the applicable Withdrawal Charge. Notwithstanding the previous sentence, in the first Contract Year in which a Participant Account is established, and in the next succeeding Contract Year, the Participant may withdraw from that Participant Account up to 10% of the sum of the Account Value of that Participant Account, determined as of the last Contract Anniversary preceding the request for the withdrawal, plus Contributions made during the applicable Contract Year, without application of any Withdrawal Charge. In any subsequent Contract Year, the Participant may withdraw from that Participant Account up to 10% of the Account Value of that Participant Account, determined as of the last Contract Anniversary preceding the request for the withdrawal, without application of any Withdrawal Charge. Where amounts have been transferred to this contract from another AUL P-12867 contract, Contract Years of participation for purposes of this 10% free-out provision shall be determined by using the date of the Participant's first contribution to the Participant Account in the previous contract which was transferred.

Withdrawal Benefits. (d) The Account Value to be applied pursuant to this Section shall be determined as of the applicable Valuation Date determined in (c) above. If the entire Account Value of a Participant Account is withdrawn, the Participant shall be paid the Withdrawal Value. If the Participant requests that a specified percentage or dollar amount be paid to the Participant, AUL shall withdraw from the Participant Account an amount equal to the dollar amount to be paid divided by the difference between 1 and the decimal equivalent of the applicable Withdrawal Charge. Notwithstanding the previous sentence, in the first Contract Year in which a Participant Account is established, and in the next succeeding Contract Year, the Participant may withdraw from that Participant Account up to 10% of the sum of the Account Value of that Participant Account, determined as of the last Contract Anniversary preceding the request for the withdrawal, plus Contributions made during the applicable Contract Year, without application of any Withdrawal Charge. In any subsequent Contract Year, the Participant may withdraw from that Participant Account up to 10% of the Account Value of that Participant Account, determined as of the last Contract Anniversary preceding the request for the withdrawal, without application of any Withdrawal Charge. Where amounts have been transferred to this contract from another AUL P-12867 contract, Contract Years of participation for purposes of this 10% free-out provision shall be determined by using the date of the Participant's first contribution to the Participant Account in the previous contract which was transferred.

Withdrawal Benefits. (d) The Account Value to be applied pursuant to this Section shall be determined as of the applicable Valuation Date determined in (c) above. If the entire Account Value of a Participant Account is withdrawn, the Participant shall be paid the Withdrawal Value. If the Participant requests that a specified percentage or dollar amount be paid to the Participant, AUL shall withdraw from the Participant Account an amount equal to the dollar amount to be paid divided by the difference between 1 I and the decimal equivalent of the applicable Withdrawal Charge. Notwithstanding the previous sentence, in the first Contract Year in which a Participant Account is established, and in the next succeeding Contract Year, the Participant may withdraw from that Participant Account up to 10% of the sum of the Account Value of that Participant Account, determined as of the last Contract Anniversary preceding the request for the withdrawal, plus Contributions made during the applicable Contract Year, without application of any Withdrawal Charge. In any subsequent Contract Year, the Participant may withdraw from that Participant Account up to 10% of the Account Value of that Participant Account, determined as of the last Contract Anniversary preceding the request for the withdrawal, without application of any Withdrawal Charge. Where amounts have been transferred to this contract from another AUL P-12867 contract, Contract Years of participation for purposes of this 10% free-out provision shall be determined by using the date of the Participant's first contribution to the Participant Account in the previous contract which was transferred.