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MONTHLY AGGREGATE RETENTION AMOUNT FACTOR means the factor(s) shown in the Application which is multiplied by the Number of Covered Units for each Treaty Month of the Treaty Year to determine the Annual Aggregate Retention .-\mount. INITIAL ANNUAL AGGREGATE RETENTION AMOUNT means the total number of initial Covered Units shown in the Application multiplied by the corresponding Monthly Aggregate Retention Amount Factor(s) multiplied by twelve. ANNUAL AGGREGATE RETENTION AMOlJ1l,;"T (or Aggregate Attachment Point) for the Treaty Year, or any fraction thereof if this Treaty terminates during the Treaty Year, means the greater of. (I) the sum of Covered Units multiplied by the corresponding Monthly Aggregate Retention Amount Factor for each Treaty Month; or (2) the Minimum Annual Aggregate Retention Amount shown in the Application. Such amount is that portion of the Eligible Expenses for the total number of Covered Units for the Treaty Year, or any fraction thereof if the treaty terminates during the Treaty Year, that is wholly retained by you. MINlMUM ANNUAL AGGREGATE RETENTION AMOUNT is the amount shown in the Application, which amount is equal to the Initial Annual Aggregate Retention Amount multiplied by the greater of 85% or the percentage shown in section (8)(6) of the Application. SPECIFIC RETENTION AMOUNT (OR SPECIFIC ATTACHMENT POINT) means the amount per Covered Person which is wholly retained by you as shown in the Application. The Specific Retention Amount for each Treaty Year will be determined annually by Us. REIMBURSEMENT FACTOR means the percentage shown in the Application. Separate Reimbursement Factors can apply to the Aggregate Excess Coverage and to the Specific Excess Coverage. SPECIFIC ANNUAL MAXMUM AMOUNT means the amount specified in the Application and is the maximum amount payable under this Treaty to you for any Covered Person during, the Treaty Year, subject to any Qualification of the Offer. COMPANY (referred to as "you" and "your") means the entity identified as such in this Treaty or any Trust established by or for the Company under the Benefit Plan. Company includes any trostee(s) named under such Trust if such Trustee(s) are individuals other than the Company. TREATY YEAR means the period from the Effective Date to the Expiration Date as shown in your Application. The Effective Date and Expiration Date are 12:0 I am. and midnight respectively, Standard Time, at the address of the Company as shown in the Application. TREATY MONnl means, for-the first Treaty Month, the period beginning on the Effective Date of this Treaty and ending on the corresponding date of the following month. Subsequent Treaty Months begin on the corresponding date of each calendar month and continue until the corresponding date of the next month to the Treaty Expiration Date. WE, OUR, and US means American National Insw:ance Company. 5