Common use of Fee Payment Clause in Contracts

Fee Payment. Sponsor authorizes that IRON shall be compensated as follows for providing investment fiduciary services and, if directed by the Sponsor in the IMA, fiduciary services related to the on-going monitoring of the Plan’s Managed Account Service, to the Plan. If the Sponsor elects to deduct the fee, IRON’s fee will be forwarded by Nationwide to IRON. If the Sponsor elects to have the fee billed, the Sponsor will send payment to IRON. This fee represents payment for investment fiduciary services for the relevant service period, which is the preceding calendar quarter (“Service Period”). All fees will be assessed, calculated and deducted or billed no less frequently than quarterly based on total assets held by the Plan, regardless of whether such assets are managed by IRON or selected by Plan Sponsor.

Fee Payment. Sponsor authorizes that IRON shall be compensated as follows for providing investment fiduciary services and, if directed by the Sponsor in the IMA, fiduciary services related to the on-going monitoring of the Plan’s Managed Account Service, to the Plan. If the Sponsor elects to deduct the fee, IRON’s fee will be forwarded by Nationwide to IRON. If the Sponsor elects to have the fee billed, the Sponsor will send payment to IRON. This fee represents payment for investment fiduciary services for the relevant service period, which is the preceding calendar quarter (“Service Period”). All fees will be assessed, calculated and deducted or billed no less frequently than quarterly based on total assets held by the Plan, regardless of whether such assets are managed by IRON or selected by Plan Sponsor.

Fee Payment. Sponsor authorizes that IRON shall be compensated as follows for providing investment fiduciary services and, if as directed by the Sponsor in the IMA, fiduciary services related to the on-going monitoring of the Plan’s Managed Account Service, to the Plan. If the Sponsor elects to deduct the fee, IRON’s fee will be forwarded by Nationwide to IRON. If the Sponsor elects to have the fee billed, the Sponsor will send payment to IRON. This fee represents payment for investment fiduciary services for the relevant service period, which is the preceding calendar quarter (“Service Period”). All fees will be assessed, calculated and deducted or billed no less frequently than quarterly based on total assets held by the Plan, regardless of whether such assets are managed by IRON or selected by Plan Sponsor.