ACCUMULATION UNITS. Accumulation Units shall be used to account for all amounts allocated to or withdrawn from the Sub-Accounts of the Variable Account as a result of Net Purchase Payments, withdrawals, transfers, or fees and charges. The Company will determine the number of Accumulation Units of a Sub-Account purchased or canceled. This will be done by dividing the amount allocated to (or the amount withdrawn from) the Sub-Account by the dollar value of one Accumulation Unit of the Sub-Account as of the end of the Valuation Period during which the request for the transaction is received at the Administrative Office.
ACCUMULATION UNITS. We credit amounts allocated to an Investment Account in Accumulation Units. The Accumulation Unit value used is the one for the Valuation Period when we allocate the amount to the Investment Account.
ACCUMULATION UNITS. Any amounts allocated to any Investment Account on behalf of a Participant shall be credited to his Participant Account in the form of Accumulation Units on the basis of the value of such units in that Investment Account as of the later of (1) the end of the Valuation Period on which such amounts are received by AUL at its Home Office or (2) the end of the Valuation Period on which the data required to establish the Participant Account and allocate such amounts to the Participant Account and to Investment Options are received by AUL at its Home Office. However, if the initial Contribution for a Participant is allocated pursuant to Section 3.2(b)(1) on the next succeeding Valuation Period, the unit value as of the end of that Valuation Period shall be used. Such crediting shall be made separately for amounts allocated to each Investment Account. The number of Accumulation Units in each Investment Account credited to each Participant Account as of any Valuation Period shall be determined by dividing the amounts allocated to that Investment Account for that Participant Account as of such Valuation Period by the dollar value of one Accumulation Unit in that Investment Account as of the close of business on the applicable Valuation Period. The number of Accumulation Units thus determined shall not be changed by any subsequent change in the dollar value of the Accumulation Units.
Examples of ACCUMULATION UNITS in a sentence
THE VALUE OF SUCH ASSETS AND ACCUMULATION UNITS IS NOT GUARANTEED.
NUMBER OF ACCUMULATION UNITS Your Contract is credited with Accumulation Units of the Separate Account when amounts are allocated to the Variable Portfolio(s).
ACCUMULATION UNITS The Policy Value in the Separate Account before the Annuity Commencement Date is represented by accumulation units.
INVESTMENT OPTION VALUATION ACCUMULATION UNITS The number of Accumulation Units to be credited to each Investment Option once a premium payment has been received by Us will be determined by dividing the Net Premium applied to that Investment Option by the current Accumulation Unit Value of that Investment Option.
ACCUMULATION UNITS Purchase Payments received under this contract and allocated to, and any amounts reallocated to, the Variable Account will be credited in the form of Accumulation Units.
More Definitions of ACCUMULATION UNITS
ACCUMULATION UNITS. Any amounts that are allocated to any Investment Account on behalf of a Participant shall be credited to his Participant Account in the form of Accumulation Units on the basis of the value of such units in that Investment Account as of the end of the Valuation Period on which such amounts are received by AUL at its Home Office. Such crediting shall be made separately for amounts allocated to each Investment Account. The number of Accumulation Units in each Investment Account credited to each Participant Account as of any Valuation Period shall be determined by dividing the amounts allocated to that Investment Account for that Participant Account as of such Valuation Period by the dollar value of one Accumulation Unit in that Investment Account as of the close of business on the applicable Valuation Period. The number of Accumulation Units thus determined shall not be changed by any subsequent change in the dollar value of the Accumulation Units.
ACCUMULATION UNITS. Accumulation Units shall be used to account for all amounts allocated to or withdrawn from the Funds of the Variable Account as a result of Purchase Payments, surrenders, transfers, or fees and charges. We will determine the number of Accumulation Units of a Sub-Account purchased or canceled. This will be done by dividing the amount allocated to (or the amount withdrawn from) the Sub-Account by the dollar value of one Accumulation Unit of the Sub-Account as of the end of the Valuation Period during which the transaction is processed at the Valuemark Service Center.
ACCUMULATION UNITS. Accumulation units shall be used to account for all amounts allocated to or withdrawn from a subaccount as a result of purchase payments, transfers, withdrawals, or fees and charges. We will determine the number of accumulation units of a subaccount purchased or canceled. This is done by dividing the amount allocated to (or the amount withdrawn from) the subaccount, by the dollar value of one accumulation unit of the subaccount as of the end of the business day during which the request for transfer is received at our Administrative Office.
ACCUMULATION UNITS. Net Premium Payments allocated to a Subaccount or amounts of Contract Account Value transferred to a Subaccount are converted into Accumulation Units. The number of Accumulation Units credited to a Contract is determined by dividing the dollar amount allocated to each Subaccount by the Accumulation Unit Value for that Subaccount for the Valuation Day as of which the allocation or transfer is invested in the Subaccount. Allocations and transfers to a Subaccount increase the number of Accumulation Units of that Subaccount. Certain events or fees reduce the number of Accumulation Units of a Subaccount credited to a Contract which result in the cancellation of an appropriate number of Accumulation Units of that Subaccount including (a) withdrawals or transfers of Subaccount Value from a Subaccount; (b) surrender of the Contract; (c) payment of a death benefit; (d) the application of Variable Account Value to a Payment Option on the Annuity Date; and (e) the deduction of the Annual Administrative Fee or other charges. The number of Accumulation Units cancelled is determined by dividing the dollar amount of each event or fee deducted from each Subaccount by the Accumulation Unit Value for that Subaccount for the Valuation Day as of which the event or fee is deducted from the Subaccount.
ACCUMULATION UNITS a Unit in respect of which income is credited from time to time to capital within the relevant Fund;
ACCUMULATION UNITS means the Units allocated to the Policy, which have been classified as Accumulation Units in accordance with Condition 6.
ACCUMULATION UNITS. Accumulation Units shall be used to account for all amounts allocated to or withdrawn from the Sub-Accounts of the Variable Account as a result of Purchase Payments, withdrawals, transfers, or fees and charges. We will determine the number of Accumulation Units of a Sub-Account purchased or canceled. This will be done by dividing the amount allocated to (or the amount withdrawn from) the Sub-Account by the dollar value of one Accumulation Unit of the Sub-Account as of the end of the Valuation Period during which the transaction is processed at the Service Center. Purchase Payments, withdrawals and transfers or fees and charges from or to a Sub-Account will result in the addition of or the cancellation of Accumulation Units in a Sub-Account.