Common use of Cost Sharing for Services Clause in Contracts

Cost Sharing for Services. Lord Xxxxxx acknowledges that the Company is providing, and intends to continue to provide, a sufficiently high level of Services with respect to the Contract Owners and the Funds such that Lord Xxxxxx is prepared to provide compensation to the Company in the form of quarterly support payments (“Support Payments”) in consideration for providing the Services. The Support Payments are separate from, and in addition to, those payments called for by the Services Agreement. The Support Payments will be made by Lord Xxxxxx in recognition of, and as consideration for, the Services rendered by the Company, as well as the costs incurred by the Company in order to provide the Services.

Appears in 9 contracts

Samples: Support Payment Agreement (Separate Account a of Pacific Life & Annuity Co), Support Payment Agreement (Separate Account a of Pacific Life Insurance Co), Support Payment Agreement (Separate Account a of Pacific Life Insurance Co)

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