Common use of Administration of Accounts Clause in Contracts

Administration of Accounts. 6.1 Services to Owners of Variable Contracts shall be the responsibility of the Company and shall not be the responsibility of the Fund or Distributor. These services include, but are not limited to: (a) providing information periodically to Contract Owners showing their interests in the Separate Accounts or subaccounts thereof that invest in the Fund or in any Series thereof, (b) addressing inquiries from Contract Owners relating to investing, exchanging or transferring, or redeeming interests under the Variable Contracts and the Separate Accounts or subaccounts or any Series thereof funding such Variable Contracts, which inquiries may relate to the Fund or a Series thereof; (c) providing explanations to Owners regarding Fund investment objectives and policies and other information about the Fund and its Series, including the performance of the Series; (d) forwarding shareholder communications from the Fund, including but not limited to shareholder reports containing annual and semi-annual financial statements of the Fund to Contract Owners; (e) delivering the Fund prospectus and supplements thereto to Owners whenever necessary under the Securities Act of 1933; (f) delivering any notices of shareholder meetings and proxy statements accompanying such notices in connection with general and special meetings of shareholders of the Fund under which Contract Owners may have voting rights, and helping tabulate the voting of Owners tendering voting instructions to the Company. 6.2 The Fund and Adviser recognize the Company as the sole shareholder of Fund shares issued under this Agreement and further recognize that Adviser and/or the Fund will derive a substantial savings in administrative expense because the Company will provide the services described above, thus allowing the Fund significant reductions in postage expense and shareholder communications and recordkeeping, by virtue of having a sole shareholder rather than multiple shareholders. In consideration of the administrative savings resulting from such arrangement, the Company shall be paid an amount equal to 15 basis points (0.15%) per annum of the average aggregate amount invested by the Company under this Agreement. 6.3 For purposes of computing the payment to the Company contemplated by this Section VI, the average aggregate amount invested by Company over a one month period shall be computed by totaling the Company's aggregate investment (share net asset value multiplied by total number of shares held by the Company) on each business day during the month and dividing by the total number of business days during such month. 6.4 The payment contemplated by this Section VI shall be calculated by Adviser at the end of each calendar month and will be paid by Adviser to the Company within ten (10) business days thereafter. Payment will be accompanied by a statement showing the calculation of the monthly amount payable by Adviser and such other supporting data as may be reasonably requested by the Company.

Administration of Accounts. 6.1 7.1 Services to Owners of Variable Contracts shall be the responsibility of the Company and shall not be the responsibility of the Fund or the Distributor. These services include, but are not limited to: (a) providing information periodically to Contract Owners showing their interests in the Separate Accounts or subaccounts thereof that invest in the Fund or in any Series thereof,; (b) addressing inquiries from Contract Owners relating to investing, exchanging or transferring, or redeeming interests under the Variable Contracts and the Separate Accounts or subaccounts or any Series thereof funding such Variable Contracts, which inquiries may relate to the Fund or a Series thereof; (c) providing explanations to Owners regarding Fund investment objectives and policies and other information about the Fund and its Series, including the performance of the Series; (d) forwarding shareholder communications from the Fund, including but not limited to shareholder reports containing annual and semi-annual financial statements of the Fund to Contract Owners; (e) delivering the Fund prospectus and supplements thereto to Owners whenever necessary under the Securities Act of 1933; (f) delivering any notices of shareholder meetings and proxy statements accompanying such notices in connection with general and special meetings of shareholders of the Fund under which Contract Owners may have voting rights, and helping tabulate the voting of Owners tendering voting instructions to the Company. 6.2 7.2 The Fund and Adviser the Distributor recognize the Company as the sole shareholder of Fund shares issued under this Agreement and further recognize that Adviser Distributor, Adviser, and/or the Fund will derive a substantial savings in administrative expense because the Company will provide the services described above, thus allowing the Fund significant reductions in postage expense and shareholder communications and recordkeeping, by virtue of having a sole shareholder rather than multiple shareholders. In consideration of the administrative savings resulting from such arrangement, the Company shall be paid an amount equal to 15 0 basis points (0.150.00%) per annum of the average aggregate amount invested by the Company under this Agreement until $5 million has been invested, and then an amount equal to 7.5 basis points (0.075%) per annum of the average aggregate amount invested by the Company under this Agreement until $10 million has been invested, and then an amount equal to 10 basis points (0.10%) per annum of the average aggregate amount invested by the Company under this Agreement. 6.3 7.3 For purposes of computing the payment to the Company contemplated by this Section VIVII, the average aggregate amount invested by Company over a one month period shall be computed by totaling the Company's aggregate investment (share net asset value multiplied by total number of shares held by the Company) on each business day during the month and dividing by the total number of business days during such month. 6.4 7.4 The payment contemplated by this Section VI VII shall be calculated by Adviser the Fund, or the Distributor at the end of each calendar month quarter and will be paid by Adviser the Distributor to the Company within ten (10) business days thereafter. Payment will be accompanied by a statement showing the calculation of the monthly amount payable by Adviser the Distributor and such other supporting data as may be reasonably requested by the Company.