0000856341-08-000020 Sample Contracts

AutoNDA by SimpleDocs
FORM N-4, ITEM 24(b)(4.27) Amendment to Group Annuity Contract ---------------- ----------------------------------------------------------------
Group Annuity Contract Amendment • May 2nd, 2008 • Aul American Unit Trust

AUL and the Contractholder hereby agree that the Contract is amended by adding the following provision: Loan Administration Fee: On the last day of each Contract Quarter, we deduct from a Participant's Account a Loan Administration Fee of up to section 12.50 for each Plan loan of the Participant that remains outstanding on such day. Alternatively, we may bill this charge to you if you and we mutually agree. If the entire balance of a Participant Account is applied or withdrawn before the last day of the Contract Quarter pursuant to the contract, the Loan Administration Fee attributable to the period of time which has elapsed since the first day of the Contract Quarter in which such application or withdrawal of funds is made will not be deducted from the amount applied or withdrawn and will not be billed to you.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!