Common use of Administration of Accounts Clause in Contracts

Administration of Accounts. (a) Administrative services to purchasers of Contracts shall be the responsibility of the Company and shall not be the responsibility of TCIP or Investors Research. TCIP and Investors Research recognize the Company as the sole shareholder of TCIP shares issued under this Agreement. TCIP and Investors Research further recognize that they will derive a substantial savings in administrative expense, such as 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, Investors Research agrees to pay to the Company an amount equal to 15 basis points (0.15%) per annum of the average aggregate amount invested by the Company under this Agreement, commencing with the month in which the average aggregate investment by the Company (on behalf of the Contract owners) in the Fund exceeds $10 million. No payment obligation shall arise until the Company's average aggregate investment in the Fund reaches $10 million, and such payment obligation, once commenced, shall be suspended with respect to any month during which the Company's average aggregate investment in the Fund drops below $10 million. (b) Investors Research has advised the Company that it customarily pays, out of its management fee, another affiliated corporation for the type of administrative services to be provided by the Company to the Contract holders. The parties agree that Investors Research's payments to the Company, like Investors Research's payments to its affiliated corporation, are for administrative services only and do not constitute payment in any manner for investment advisory services or for costs of distribution. (c) For the purposes of computing the payment to the Company contemplated by this Section 7, the average aggregate amount invested by the 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. (d) Investors Research will calculate the payment contemplated by this Section 7 at the end of each calendar quarter and will make such payment to the Company within 30 days thereafter. The check for such payment will be accompanied by a statement showing the calculation of the monthly amounts payable by Investors Research and such other supporting data as may be reasonably requested by the Company.

Administration of Accounts. (a) Administrative services to purchasers of Contracts shall be the responsibility of the Company and shall not be the responsibility of TCIP Twentieth Century or Investors Research. TCIP Twentieth Century and Investors Research recognize the Company as the sole shareholder of TCIP Twentieth Century shares issued under this Agreement. TCIP Twentieth Century and Investors Research further recognize that they will derive a substantial savings in administrative expense, such as 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, Investors Research agrees to pay to the Company an amount equal to 15 basis points (0.15%) per annum of the average aggregate amount invested by the Company under this Agreement, commencing with the month in which the average aggregate investment by the Company (on behalf of the Contract owners) in the Fund exceeds $10 million. No payment obligation shall arise until the Company's average aggregate investment in the Fund reaches $10 million, and such payment obligation, once commenced, shall be suspended with respect to any month during which the Company's average aggregate investment in the Fund drops below $10 million. (b) Investors Research has advised the Company that it customarily pays, out of its management fee, another affiliated corporation for the type of administrative services to be provided by the Company to the Contract holders. The parties agree that Investors Research's payments to the Company, like Investors Research's payments to its affiliated corporation, are for administrative services only and do not constitute payment in any manner for investment advisory services or for costs of distribution. (c) For the purposes of computing the payment to the Company contemplated by this Section 7, the average aggregate amount invested by the Company over a one month period shall be computed by totaling totalling 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. (d) Investors Research will calculate the payment contemplated by this Section 7 at the end of each calendar quarter and will make such payment to the Company within 30 days thereafter. The check for such payment will be accompanied by a statement showing the calculation of the monthly amounts payable by Investors Research and such other supporting data as may be reasonably requested by the Company.