Experience Refund. Swiss Re America shall pay the Company an experience refund equal to 50% of the Adjusted Profit, as defined in Exhibit C, for all products covered under this Agreement as set forth in Exhibit A.
Appears in 4 contracts
Samples: Automatic Reinsurance Agreement (Nasl Variable Account), Automatic Reinsurance Agreement (Nasl Variable Account), Automatic Reinsurance Agreement (Nasl Variable Account)
Experience Refund. 1. Swiss Re America shall pay the Company an experience refund equal to 50% of the Adjusted Profit, as defined in Exhibit C, for all products covered under this Agreement as set forth in Exhibit A.
2. The refund shall be calculated each calendar quarter by Swiss Re America and settled annually on July 31st of each year.
Appears in 1 contract
Samples: Automatic Reinsurance Agreement (Nasl Variable Account)
Experience Refund. 1. Swiss Re America shall pay the Company an experience refund equal to 50% [*] of the Adjusted Profit, as defined in Exhibit C, for all products covered under this Agreement as set forth in Exhibit A.
2. The refund shall be calculated each calendar quarter by Swiss Re America and settled annually on July 31st of each year. SWISS RE AMERICA
Appears in 1 contract
Samples: Automatic Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account H)
