Withdrawals from a Participant Account. s share of the Fixed Interest Account shall be made on a first-in/first-out basis so that all or a portion of the amounts credited to the Participant Account's share of the Fixed Interest Account (other than amounts which are prohibited from being distributed because Subsection (c) above is not met) which have been on deposit for the longest period of time, as well as the interest credited thereon, shall be withdrawn first.
Appears in 4 contracts
Samples: Custodial Contract (Aul American Unit Trust), Voluntary Contract (Aul American Unit Trust), Custodial SPL Contract (Aul American Unit Trust)
Withdrawals from a Participant Account. s share of the Fixed Interest Account shall be made on a first-in/first-out basis so that all or a portion of the amounts credited to the Participant Account's share of the Fixed Interest Account (other than amounts which are prohibited from being distributed because Subsection (c) above is not met) which have been on deposit for the longest period of time, as well as the interest credited thereon, shall be withdrawn first.
Appears in 2 contracts
Samples: Employer Sponsored Qualified Variable Annuity Contract (Aul American Unit Trust), Employer Sponsored Benefit Contract (Aul American Unit Trust)
