Common use of Authorization; Services Clause in Contracts

Authorization; Services. a. As distributor of the Series, AFD agrees to make Class 2 shares and Class 4 shares of the Funds that offer such share classes available to the Insurance Company for itself and on behalf of the Separate Accounts on the attached Exhibit A pursuant to the terms of this Agreement. Exhibit B lists the initial Funds that will be made available as underlying investment options to the Contracts. Insurance Company agrees to give the Series and CRMC at least (thirty) 30 days’ notice prior to adding any additional Funds or share classes of a Fund as underlying investment options to the Contracts. AFD reserves the right to approve any such addition. The Insurance Company will offer shares of the Funds in connection with the sale of Contracts to Contractholders. Fund shares to be made available to Separate Accounts for the Contracts shall be sold by the Series and purchased by the Insurance Company for a given account in accordance with the provisions of this Agreement and at the net asset value of the respective class of the respective Fund (without the imposition of a sales load) computed in accordance with the provisions of the then current Prospectus of the Series. This Agreement is in all respects subject to statements regarding the sale and repurchase or redemption of shares made in the offering prospectuses of the Funds, and to the applicable Rules of FINRA, which shall control and override any provision to the contrary in this Agreement.

Appears in 5 contracts

Samples: Fund Participation and Service Agreement (PLICO Variable Annuity Account S), Fund Participation and Service Agreement (PLAIC Variable Annuity Account S), Fund Participation and Service Agreement (Protective Variable Life Separate Account)

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Authorization; Services. a. As distributor of the Series, AFD agrees to make Class 2 shares and Class 4 1 shares of the Funds that offer such share classes generally (the initial Funds listed on Exhibit A) available to the Insurance Company for itself and on behalf of the Separate Accounts on the attached Exhibit A B pursuant to the terms of this Agreement. Exhibit B lists the initial Funds that will be made available as underlying investment options to the Contracts. Insurance Company agrees to give the Series and CRMC at least (thirty) 30 days’ notice prior to adding any additional Funds or share classes of a Fund as underlying investment options to the Contracts. AFD reserves the right to approve any such additionproposed addition by the Insurance Company. The Insurance Company will offer shares of the Funds in connection with the sale of Contracts to Contractholders. Fund shares to be made available to Separate Accounts for the Contracts shall be sold by the Series and purchased by the Insurance Company for a given account in accordance with the provisions of this Agreement and at the net asset value of the respective class of the respective Fund (without the imposition of a sales load) computed in accordance with the provisions of the then current Prospectus (as defined below) of the Series. This Agreement is in all respects subject to statements regarding the sale and repurchase or redemption of shares made in the offering prospectuses Prospectuses of the Funds, and to the extent the terms of the then current Prospectus do not conflict with the terms of this Agreement. This Agreement is also subject to the applicable Rules of FINRA, which shall control and override any provision to the contrary in this Agreement.

Appears in 1 contract

Samples: Fund Participation and Service Agreement (Thrivent Variable Annuity Account I)

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