Other Administrative Support. Providing other administrative and support for the Funds as mutually agreed upon by Company and the Funds or the OppenheimerFunds. Relieving the Funds of other usual or incidental administrative services provided to individual contract owners. SCHEDULE B Commencing April 15, 2013 OppenheimerFunds shall pay Company as follows: OppenheimerFunds shall pay Company, at the annual rate of basis points computed on the average net assets of Service shares of Xxxxxxxxxxx Variable Account Funds, as reflected on OppenheimerFunds books, that are held in separate accounts that are attributable to variable life or variable annuity products offered by Company during the prior quarter. Payments under this Schedule B will be made to Company quarterly during the term this Agreement is in effect no later than thirty (30) days following the end of the quarter. Company shall notify OppenheimerFunds in writing within thirty (30) calendar days following the receipt of a quarterly payment if Company is disputing the payment amount in good faith. If Company does not provide such notice of dispute within the required time, the payment amount will be deemed correct and accepted by Company.
Appears in 2 contracts
Samples: Revenue Sharing Agreement (Pacific Select Exec Separate Acct Pacific Life Ins), Revenue Sharing Agreement (Pacific Select Exec Separate Acct Pacific Life Ins)
Other Administrative Support. Providing other administrative and support for the Funds as mutually agreed upon by Company and the Funds or the OppenheimerFunds. Relieving the Funds of other usual or incidental administrative services provided to individual contract owners. SCHEDULE B Commencing April 15, 2013 OppenheimerFunds shall pay Company as follows: OppenheimerFunds shall pay Company, at the annual rate of basis points (%) computed on the average net assets of Service shares of Xxxxxxxxxxx Variable Account Funds, as reflected on OppenheimerFunds books, that are held in separate accounts that are attributable to variable life or variable annuity products offered by Company during the prior quarter. Payments under this Schedule B will be made to Company quarterly during the term this Agreement is in effect no later than thirty (30) days following the end of the quarter. Company shall notify OppenheimerFunds in writing within thirty (30) calendar days following the receipt of a quarterly payment if Company is disputing the payment amount in good faith. If Company does not provide such notice of dispute within the required time, the payment amount will be deemed correct and accepted by Company.
Appears in 2 contracts
Samples: Revenue Sharing Agreement (Pacific Select Exec Separate Account of Pacific Life & Annui), Revenue Sharing Agreement (Pacific Select Exec Separate Account of Pacific Life & Annui)
