Common use of Distribution Related Fees Clause in Contracts

Distribution Related Fees. The Distributor, or its designee, agrees to pay the Insurance Parties or their affiliate a per annum fee, as described in the Fund's then current prospectus, of the average aggregate daily net asset value of shares of Designated Portfolio(s) held in the Accounts. Such fee shall be paid in arrears, quarterly. Each quarterly fee will be determined based on average assets in the Accounts for the quarter and each quarterly fee will be independent of every other quarterly fee. Such fee shall be due and payable automatically within 30 (thirty) days upon receipt of invoice from the Insurance Parties.

Distribution Related Fees. The Distributor, or its designee, agrees to pay the Insurance Parties or their affiliate a fee of .25% per annum fee, as described in the Fund's then current prospectus, of the average aggregate daily net asset value of shares of Designated Portfolio(s) held in the Accounts. Such fee shall be paid in arrears, quarterly. Each quarterly quarter’s fee will shall be determined based on average assets in the Accounts for at the end of each quarter and each quarterly fee will be independent of every other quarterly fee. Such fee shall be due and payable automatically within 30 20 (thirtytwenty) days upon receipt after the last day of invoice from the Insurance Partiesquarter to which such payment relates.