Common use of Administration Expense Payments Clause in Contracts

Administration Expense Payments. (a) In consideration of the Company’s performance of the services listed on Schedule A hereto, the Distributor agrees to pay to the Company an amount equal to 0.25 percent of the average aggregate amount invested by the Company in the Fund that are attributable to the Contracts during each calendar month (the “Administrative Services Fee”). The average aggregate amount invested in the Fund over a one (1) month period shall be computed by totaling the Company’s aggregate investment (share net asset value multiplied by total number of Shares of the Fund held by the Company) on each Business Day during the month and dividing by the total number of Business Days during such month.

Administration Expense Payments. (a) In consideration of the Company’s performance of the services listed on Schedule A hereto, the The Distributor agrees to pay from its own resources to the Company, and the Company agrees to accept as full compensation for all services rendered hereunder, an amount equal to 0.25 percent % of the average aggregate amount invested by the Company in the Fund that are attributable to the Contracts during each calendar month (the “Administrative Services Fee”)month. The average aggregate amount invested in the Fund over a one (1) month period shall be computed by totaling the Company’s aggregate investment (share net asset value multiplied by total number of Shares of the Fund held by the Company) on each Business Day during the month and dividing by the total number of Business Days during such month. The Company acknowledges that the Fund does not have responsibility for any payments pursuant to this Section.