Participant Account definition
Examples of Participant Account in a sentence
The Participant’s interest in his or her Participant Account shall only be that of a general, unsecured creditor of the Company.
Participant Account values shall be determined as of each Trade Date.
This charge is to be prorated among each subaccount of the Participant Account which corresponds to each Investment Option utilized under the Contract by that Participant Account.
AUL shall deduct an administrative charge per Contract year quarter equal to the lesser of $7.50 or 0.5% of the Account Value on the last day of each such quarter from each Participant Account in existence on such day for so long as the Participant Account is in effect during the Accumulation Period.
If the entire Account Value of a Participant Account is withdrawn, the Participant shall be paid the Withdrawal Value.