INDIVIDUAL FIXED ANNUITY CONTRACTS. TRADEWIND Subject to the conditions and limitations of the Broker's Selling Agreement and this Schedule, Broker shall be paid a fee for placing or servicing TradeWind Annuity (TM) Contract equal to 6% of any purchase payment under such contact. If the Annuitant or Contractowner (other than a trustee of a qualified plan) is over age 81 on the date the TradeWind (TM) contract is issued, the fee shall be limited as follows: 80% of such fee if the Annuitant or contractowner is age 82; 60% of such fee if the Annuitant or contractowner is age 83; 40% of such fee if the Annuitant or contractowner is age 84; 20% of such fee if the Annuitant or contractowner is age 85.
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Samples: Support Agreement (Penn Mutual Variable Annuity Account Iii), Penn Mutual Variable Annuity Account Iii
INDIVIDUAL FIXED ANNUITY CONTRACTS. TRADEWIND TradeWind(TM) Subject to the conditions and limitations of the Broker's Selling Agreement and this Schedule, Broker shall be paid a fee for placing or servicing TradeWind TradeWind(TM) Annuity Contract (TMPolicy Form SPDA96) Contract equal to 6% of any purchase payment under such contact. If the Annuitant or Contractowner (other than a trustee of a qualified plan) is over age 81 on the date the TradeWind (TMTradeWind(TM) contract is issued, the fee shall be limited as follows: 80% of such fee if the Annuitant or contractowner is age 82; 60% of such fee if the Annuitant or contractowner is age 83; 40% of such fee if the Annuitant or contractowner is age 84; 20% of such fee if the Annuitant or contractowner is age 85.
Appears in 1 contract
Samples: Penn Mutual Variable Life Account I
INDIVIDUAL FIXED ANNUITY CONTRACTS. TRADEWIND Subject to the conditions and limitations of the Broker's Selling Agreement and this Schedule, Broker shall be paid a fee for placing or servicing TradeWind Annuity (TM) Contract equal to 6% of any purchase payment under such contact. If the Annuitant or Contractowner (other than a trustee of a qualified plan) is over age 81 on the date the TradeWind (TM) contract is issued, the fee shall be limited as follows: 80% of such fee if the Annuitant or contractowner is age 82; 60% of such fee if the Annuitant or contractowner is age 83; 40% of such fee if the Annuitant or contractowner is age 84; 20% of such fee if the Annuitant or contractowner is age 85.
Appears in 1 contract
Samples: Support Agreement (Penn Mutual Variable Annuity Account Iii)
INDIVIDUAL FIXED ANNUITY CONTRACTS. TRADEWIND TRADEWIND(TM) Subject to the conditions and limitations of the Broker's Selling Agreement and this Schedule, Broker shall be paid a fee for placing or servicing TradeWind TradeWind(TM) Annuity Contract (TMPolicy Form SPDA96) Contract equal to 6% of any purchase payment under such contact. If the Annuitant or Contractowner (other than a trustee of a qualified plan) is over age 81 on the date the TradeWind (TMTradeWind(TM) contract is issued, the fee shall be limited as follows: 80% of such fee if the Annuitant or contractowner is age 82; 60% of such fee if the Annuitant or contractowner is age 83; 40% of such fee if the Annuitant or contractowner is age 84; 20% of such fee if the Annuitant or contractowner is age 85.
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