Common use of COMMISSION REDUCTIONS Clause in Contracts

COMMISSION REDUCTIONS. Notwithstanding the foregoing, the following commission reductions shall apply to all DISTRIBUTOR Fees and Sales Commissions, except as otherwise noted, under the circumstances described below. (A) REDUCTIONS FOR PURCHASE PAYMENTS AT AGE 81 AND LATER. A 50% commission reduction shall apply with respect to Purchase Payments made on or after the Annuitant's eighty-first birthday (regardless of whether the Contract has a Contingent Annuitant). Such commission reduction is not applicable to trail commissions.

COMMISSION REDUCTIONS. Notwithstanding the foregoing, the following commission reductions shall apply to all DISTRIBUTOR Fees and Sales Commissions, except as otherwise noted, under the circumstances described below. (Aa) REDUCTIONS FOR PURCHASE PAYMENTS AT AGE 81 AND LATER. A 50% commission reduction shall apply with respect to Purchase Payments made on or after the Annuitant's eighty-first birthday (regardless of whether the Contract has a Contingent Annuitant). Such commission reduction is not applicable to trail commissions.

COMMISSION REDUCTIONS. Notwithstanding the foregoing, the following commission reductions shall apply to all DISTRIBUTOR Fees and Sales Commissions, except as otherwise noted, under the circumstances described below. (Aa) REDUCTIONS FOR PURCHASE PAYMENTS AT AGE 81 AND LATER. A 50% commission reduction shall apply with respect to Purchase Payments made on or after the Annuitant's eighty-first birthday (regardless of whether the Contract Certificate has a Contingent Annuitant). Such commission reduction is not applicable to trail commissions.