Common use of Administration Charge Clause in Contracts

Administration Charge. The Administration Charge is shown on the Contract Specifications page. It is deducted daily from each of the Sub-Accounts. This deduction is made to reimburse us for certain expenses that are incurred in the administration of this Contract and the Separate Account. The Certificate Maintenance Fee (“Fee”) is shown on the Contract Specifications page. It is deducted from the interest of a Participant in this Contract as of the Valuation Date after each Certificate Anniversary that his or her interest in this Contract is in effect until the Commencement Date. The full annual Fee will also be deducted at the time of a surrender of his or her interest in this Contract. The Fee will be deducted pro-rata from each Sub-Account in which he or she has an interest at that time. The Fee does not apply to the Fixed Account. After the Commencement Date, if Variable Dollar payments are to be made, the Fee will be deducted pro-rata from each payment. This deduction will result in a reduction in the amount of such payment. We may waive the Fee in whole or in part in our sole discretion.

Administration Charge. The Administration Charge is shown on the Contract Specifications page. It is deducted daily from each of the Sub-Accounts. This deduction is made to reimburse us for certain expenses that are incurred in the administration of this Contract and the Separate Account. The Certificate Maintenance Fee (“Fee”) is shown on the Contract Specifications page. It is deducted from the interest of for a Participant in this Contract as of the Valuation Date Period after each Certificate Anniversary that his or her interest in this Contract is in effect until the Commencement Date. The full annual Fee will also be deducted at the time of a surrender of his or her interest in this Contractinterest. The Fee will be deducted pro-rata from each Sub-Account in which he or she the Participant has an interest at that time. The Fee does not apply to the Fixed Account. After the his or her Commencement Date, if Variable Dollar payments are to be made, the Fee will be deducted pro-rata from each payment. This deduction will result in a reduction in the amount of such payment. We may waive the Fee in whole or in part in our sole discretion.