Common use of Pricing Information Clause in Contracts

Pricing Information. In the event that there are technical problems with Fund/SERV or the parties are not able to transmit or receive information through Fund/SERV, the following provision applies. Ivy Funds VIP or its agents will use reasonable best efforts to provide closing net asset value, change in net asset value, dividend or daily accrual rate information and capital gain information by 6:00 p.m. Central Time each Business Day to Company. Company shall use this data to calculate unit values for its Sub-accounts. Unit values shall be used to process that same Business Day’s Sub-account transactions. In the event adjustments to transactions previously effected on behalf of a Sub-account are required to correct any material error in the computation of the net asset value of a Portfolio’s shares, Ivy Funds VIP or its agent shall notify Company as soon as practicable after discovering the need for those adjustments which result in a reimbursement to a Sub-account in accordance with Ivy Funds VIP’s then current policies on reimbursement, which Ivy Funds VIP represents are consistent with applicable SEC standards. If an adjustment is to be made in accordance with such policies to correct an error which has caused a Sub-account to receive an amount different than that to which it is entitled, Ivy Funds VIP or its agent shall make all necessary adjustments to the number of shares owned in the Sub-account and distribute to the Sub-account the amount of such underpayment for credit by the Company to affected Contract Owners. In the event that any such material error is the result of the gross negligence of W&R or Ivy Funds VIP, or a designated agent for calculating the net asset value, any administrative or other costs or losses incurred for correcting underlying Contract owner accounts shall be at W&R’s expense. The Company agrees to use its best efforts to minimize any costs incurred under this paragraph and shall provide W&R with acceptable documentation of any such costs incurred.

Pricing Information. In the event that there are technical problems with Fund/SERV or the parties are not able to transmit or receive information through Fund/SERV, the following provision applies. Ivy Funds VIP or its agents will use reasonable best efforts to provide closing net asset value, change in net asset value, dividend or daily accrual rate information and capital gain information by 6:00 p.m. Central Time each Business Day to Company. Company shall use this data to calculate unit values for its Sub-accountsVariable Accounts. Unit values shall be used to process that same Business Day’s Sub-account Variable Account transactions. In the event adjustments to transactions previously effected on behalf of a Sub-account Variable Account are required to correct any material error in the computation of the net asset value of a Portfolio’s shares, Ivy Funds VIP or its agent shall notify Company as soon as practicable after discovering the need for those adjustments which result in a reimbursement to a Sub-account Variable Account in accordance with Ivy Funds VIP’s then current policies on reimbursement, which Ivy Funds VIP represents are consistent with applicable SEC standards. If an adjustment is to be made in accordance with such policies to correct an error which has caused a Sub-account Variable Account to receive an amount different than that to which it is entitled, Ivy Funds VIP or its agent shall make all necessary adjustments to the number of shares owned in the Sub-account Variable Account and distribute to the Sub-account Variable Account the amount of such underpayment for credit by the Company to affected Contract Owners. In the event that any such material error is the result of the gross negligence of W&R or Ivy Funds VIP, or a designated agent for calculating the net asset value, any administrative or other costs or losses incurred for correcting underlying Contract owner Owner accounts shall be at W&R’s expense. The Company agrees to use its best commercially reasonable efforts to minimize any costs incurred under this paragraph and shall provide W&R with acceptable documentation of any such costs incurred.

Pricing Information. In the event that there are technical problems with Fund/SERV or the parties are not able to transmit or receive information through Fund/SERV, the following provision applies. Ivy Funds VIP or its agents will use reasonable best efforts to provide closing net asset value, change in net asset value, dividend or daily accrual rate information and capital gain information by 6:00 5:00 p.m. Central Time each Business Day to Company. Company shall use this data to calculate unit values for its Sub-accountsVariable Accounts. Unit values shall be used to process that same Business Day’s Sub-account Variable Account transactions. In the event adjustments to transactions previously effected on behalf of a Sub-account Variable Account are required to correct any material error in the computation of the net asset value of a Portfolio’s shares, Ivy Funds VIP or its agent shall notify Company as soon as practicable after discovering the need for those adjustments which result in a reimbursement to a Sub-account Variable Account in accordance with Ivy Funds VIP’s then current policies on reimbursement, which Ivy Funds VIP represents are consistent with applicable SEC standards. If an adjustment is to be made in accordance with such policies to correct an error which has caused a Sub-account Variable Account to receive an amount different than that to which it is entitled, Ivy Funds VIP or its agent shall make all necessary adjustments to the number of shares owned in the Sub-account Variable Account and distribute to the Sub-account Variable Account the amount of such underpayment for credit by the Company to affected Contract Owners. In the event If an adjustment is to be made in accordance with such policies to correct an error which has caused a Variable Account to receive an amount different than that any such material error to which it is the result of the gross negligence of W&R or entitled, Ivy Funds VIP, VIP or a designated its agent shall make all necessary adjustments to the number of shares owned in the Variable Account and distribute to the Variable Account the amount of such underpayment for calculating credit by the net asset value, any administrative or other costs or losses incurred for correcting underlying Company to affected Contract owner accounts shall be at W&R’s expenseOwners. The Company agrees to use its best efforts to minimize any costs incurred under this paragraph and shall provide W&R with acceptable documentation of any such costs incurred.

Pricing Information. In the event that there are technical problems with Fund/SERV or the parties are not able to transmit or receive information through Fund/SERV, the following provision applies. Ivy Funds VIP or its agents will use reasonable best efforts to provide closing net asset value, change in net asset value, dividend or daily accrual rate information and capital gain information by 6:00 p.m. Central Time each Business Day to Company. Company shall use this data to calculate unit values for its Sub-accountsVariable Accounts. Unit values shall be used to process that same Business Day’s Sub-account Variable Account transactions. In the event adjustments to transactions previously effected on behalf of a Sub-account Variable Account are required to correct any material error in the computation of the net asset value of a Portfolio’s shares, Ivy Funds VIP or its agent shall notify Company as soon as practicable after discovering the need for those adjustments which result in a reimbursement to a Sub-account Variable Account in accordance with Ivy Funds VIP’s then current policies on reimbursement, which Ivy Funds VIP represents are consistent with applicable SEC standards. If an adjustment is to be made in accordance with such policies to correct an error which has caused a Sub-account Variable Account to receive an amount different than that to which it is entitled, Ivy Funds VIP or its agent shall make all necessary adjustments to the number of shares owned in the Sub-account Variable Account and distribute to the Sub-account Variable Account the amount of such underpayment for credit by the Company to affected Contract Owners. In the event that any such material error is the result of the gross negligence of W&R or and Ivy Funds VIP, VIP shall not be responsible for payment of any costs of reprocessing transactions in units issued by a Variable Account (or a designated agent for calculating sub-account of a Variable Account) under the Contracts arising out of an error in the calculation of a Portfolio’s net asset value, any administrative dividends or other costs or losses incurred for correcting underlying Contract owner accounts shall be at W&R’s expensecapital gains distributions if such error is discovered and corrected within five Business Days. The Company agrees to use its best efforts to minimize any costs incurred under this paragraph and shall provide W&R with acceptable documentation of any such costs incurred.

Pricing Information. In the event that there are technical problems with Fund/SERV or the parties are not able to transmit or receive information through Fund/SERV, the following provision applies. Ivy Funds VIP or its agents will use reasonable best efforts to provide closing net asset value, change in net asset value, dividend or daily accrual rate information and capital gain information by 6:00 p.m. Central Time each Business Day to Company. Company shall use this data to calculate unit values for its Sub-accountsVariable Accounts. Unit values shall be used to process that same Business Day’s Sub-account Variable Account transactions. In the event adjustments to transactions previously effected on behalf of a Sub-account Variable Account are required to correct any material error in the computation of the net asset value of a Portfolio’s shares, Ivy Funds VIP or its agent shall notify Company as soon as practicable after discovering the need for those adjustments which result in a reimbursement to a Sub-account Variable Account in accordance with Ivy Funds VIP’s then current policies on reimbursement, which Ivy Funds VIP represents are consistent with applicable SEC standards. If an adjustment is to be made in accordance with such policies to correct an error which has caused a Sub-account Variable Account to receive an amount different than that to which it is entitled, Ivy Funds VIP or its agent shall make all necessary adjustments to the number of shares owned in the Sub-account Variable Account and distribute to the Sub-account Variable Account the amount of such underpayment for credit by the Company to affected Contract Owners. In the event that any such material error is the result of the gross negligence of W&R or Ivy Funds VIP, or a designated agent for calculating the net asset value, any administrative or other costs or losses incurred for correcting underlying Contract owner Owner accounts shall be at W&R’s expense. The Company agrees to use its best efforts to minimize any costs incurred under this paragraph and shall provide W&R with acceptable documentation of any such costs incurred.

Pricing Information. In the event that there are technical problems with Fund/SERV or the parties are not able to transmit or receive information through Fund/SERV, the following provision applies. Ivy Funds VIP or its agents will use reasonable best efforts to provide closing net asset value, change in net asset value, dividend or daily accrual rate information and capital gain information by 6:00 7:00 p.m. Central Eastern Time each Business Day to Company. Company shall use this data to calculate unit values for its Sub-accountsVariable Accounts. Unit values shall be used to process that same Business Day’s Sub-account Variable Account transactions. In the event adjustments to transactions previously effected on behalf of a Sub-account Variable Account are required to correct any material error in the computation of the net asset value of a Portfolio’s shares, Ivy Funds VIP or its agent shall notify Company as soon as practicable after discovering the need for those adjustments which result in a reimbursement to a Sub-account Variable Account in accordance with Ivy Funds VIP’s then current policies on reimbursement, which Ivy Funds VIP represents are consistent with applicable SEC standards. If an adjustment is to be made in accordance with such policies to correct an error which has caused a Sub-account Variable Account to receive an amount different than that to which it is entitled, Ivy Funds VIP or its agent shall make all necessary adjustments to the number of shares owned in the Sub-account Variable Account and distribute to the Sub-account Variable Account the amount of such underpayment for credit by the Company to affected Contract Owners. In the event that any such material error is the result of the gross negligence of W&R or Ivy Funds VIP, or a designated agent for calculating the net asset value, any administrative or other costs or losses incurred for correcting underlying Contract owner Owner accounts shall be at W&R’s expense. The Company agrees to use its best efforts to minimize any costs incurred under this paragraph and shall provide W&R with acceptable documentation of any such costs incurred.

Pricing Information. In the event that there are technical problems with Fund/SERV or the parties are not able to transmit or receive information through Fund/SERV, the following provision applies. Ivy Funds VIP or its agents will use reasonable best efforts to provide closing net asset value, change in net asset value, dividend or daily accrual rate information and capital gain information by 6:00 p.m. Central Time each Business Day to Company. Company shall use this data to calculate unit values for its Sub-accountsVariable Accounts. Unit values shall be used to process that same Business Day’s Sub-account 's Variable Account transactions. In the event adjustments to transactions previously effected on behalf of a Sub-account Variable Account are required to correct any material error in the computation of the net asset value of a Portfolio’s 's shares, Ivy Funds VIP or its agent shall notify Company as soon as practicable after discovering the need for those adjustments which result in a reimbursement to a Sub-account Variable Account in accordance with Ivy Funds VIP’s 's then current policies on reimbursement, which Ivy Funds VIP represents are consistent with applicable SEC standards. If an adjustment is to be made in accordance with such policies to correct an error which has caused a Sub-account Variable Account to receive an amount different than that to which it is entitled, Ivy Funds VIP or its agent shall make all necessary adjustments to the number of shares owned in the Sub-account Variable Account and distribute to the Sub-account Variable Account the amount of such underpayment for credit by the Company to affected Contract Owners. In the event that any such material error is the result of the gross negligence of W&R or Ivy Funds VIP, or a designated agent for calculating the net asset value, any administrative or other costs or losses incurred for correcting underlying Contract owner accounts shall be at W&R’s expense. The Company agrees to use its best efforts to minimize any costs incurred under this paragraph and shall provide W&R with acceptable documentation of any such costs incurred.

Pricing Information. In the event that there are technical problems with Fund/SERV or the parties are not able to transmit or receive information through Fund/SERV, the following provision applies. Ivy Funds VIP or its agents will use reasonable best efforts to provide closing net asset value, change in net asset value, dividend or daily accrual rate information and capital gain information by 6:00 p.m. Central Time each Business Day to Company. Company shall use this data to calculate unit values for its Sub-accounts. Unit values shall be used to process that same Business Day’s 's Sub-account transactions. In the event adjustments to transactions previously effected on behalf of a Sub-account are required to correct any material error in the computation of the net asset value of a Portfolio’s 's shares, Ivy Funds VIP or its agent shall notify Company as soon as practicable after discovering the need for those adjustments which result in a reimbursement to a Sub-account in accordance with Ivy Funds VIP’s 's then current policies on reimbursement, which Ivy Funds VIP represents are consistent with applicable SEC standards. If an adjustment is to be made in accordance with such policies to correct an error which has caused a Sub-account to receive an amount different than that to which it is entitled, Ivy Funds VIP or its agent shall make all necessary adjustments to the number of shares owned in the Sub-account and distribute to the Sub-account the amount of such underpayment for credit by the Company to affected Contract Owners. In the event that any such material error is the result of the gross negligence of W&R or Ivy Funds VIP, or a designated agent for calculating the net asset value, any administrative or other costs or losses incurred for correcting underlying Contract owner accounts shall be at W&R’s 's expense. The Company agrees to use its best efforts to minimize any costs incurred under this paragraph and shall provide W&R with acceptable documentation of any such costs incurred.

Pricing Information. In the event that there are technical problems with Fund/SERV or the parties are not able to transmit or receive information through Fund/SERV, the following provision applies. Ivy Funds VIP or its agents will use reasonable best efforts to provide closing net asset value, change in net asset value, dividend or daily accrual rate information and capital gain information by 6:00 p.m. Central Time each Business Day to Company. Company shall use this data to calculate unit values for its Sub-accountsVariable Accounts. Unit values shall be used to process that same Business Day’s Sub-account 's Variable Account transactions. In the event adjustments to transactions previously effected on behalf of a Sub-account Variable Account are required to correct any material error in the computation of the net asset value of a Portfolio’s 's shares, Ivy Funds VIP or its agent shall notify Company as soon as practicable after discovering the need for those adjustments which result in a reimbursement to a Sub-account Variable Account in accordance with Ivy Funds VIP’s 's then current policies on reimbursement, which Ivy Funds VIP represents are consistent with applicable SEC standards. If an adjustment is to be made in accordance with such policies to correct an error which has caused a Sub-account Variable Account to receive an amount different than that to which it is entitled, Ivy Funds VIP or its agent shall make all necessary adjustments to the number of shares owned in the Sub-account Variable Account and distribute to the Sub-account Variable Account the amount of such underpayment for credit by the Company to affected Contract Owners. In the event that any such material error is the result of the gross negligence of W&R or Ivy Funds VIP, or a designated agent for calculating the net asset value, any administrative or other costs or losses incurred for correcting underlying Contract owner accounts shall be at W&R’s 's expense. The Company agrees to use its best efforts to minimize any costs incurred under this paragraph and shall provide W&R with acceptable documentation of any such costs incurred.

Pricing Information. In the event that there are technical problems with Fund/Fund/ SERV or the parties are not able to transmit or receive information through Fund/SERV, the following provision applies. Ivy Funds VIP or its agents will use reasonable best efforts to provide closing net asset value, change in net asset value, dividend or daily accrual rate information and capital gain information by 6:00 p.m. Central Time each Business Day to Company. Company shall use this data to calculate unit values for its Sub-accounts. Unit values shall be used to process that same Business Day’s Sub-account transactions. In the event adjustments to transactions previously effected on behalf of a Sub-account are required to correct any material error in the computation of the net asset value of a Portfolio’s shares, Ivy Funds VIP or its agent shall notify Company as soon as practicable after discovering the need for those adjustments which result in a reimbursement to a Sub-account in accordance with Ivy Funds VIP’s then current policies on reimbursement, which Ivy Funds VIP represents are consistent with applicable SEC standards. If an adjustment is to be made in accordance with such policies to correct an error which has caused a Sub-account to receive an amount different than that to which it is entitled, Ivy Funds VIP or its agent shall make all necessary adjustments to the number of shares owned in the Sub-account and distribute to the Sub-account the amount of such underpayment for credit by the Company to affected Contract Owners. In the event that any such material error is the result of the gross negligence of W&R or Ivy Funds VIP, or a designated agent for calculating the net asset value, any administrative or other costs or losses incurred for correcting underlying Contract owner accounts shall be at W&R’s expense. The Company agrees to use its best efforts to minimize any costs incurred under this paragraph and shall provide W&R with acceptable documentation of any such costs incurred.

Pricing Information. In the event that there are technical problems with Fund/SERV or the parties are not able to transmit or receive information through Fund/SERV, the following provision applies. Ivy Funds VIP or its agents will use reasonable ------------------- best efforts to provide closing net asset value, change in net asset value, dividend or daily accrual rate information and capital gain information by 6:00 p.m. Central Time each Business Day to Company. Company shall use this data to calculate unit values for its Sub-accountsVariable Accounts. Unit values shall be used to process that same Business Day’s Sub-account 's Variable Account transactions. In the event adjustments to transactions previously effected on behalf of a Sub-account Variable Account are required to correct any material error in the computation of the net asset value of a Portfolio’s 's shares, Ivy Funds VIP or its agent shall notify Company as soon as practicable after discovering the need for those adjustments which result in a reimbursement to a Sub-account Variable Account in accordance with Ivy Funds VIP’s 's then current policies on reimbursement, which Ivy Funds VIP represents are consistent with applicable SEC standards. If an adjustment is to be made in accordance with such policies to correct an error which has caused a Sub-account Variable Account to receive an amount different than that to which it is entitled, Ivy Funds VIP or its agent shall make all necessary adjustments to the number of shares owned in the Sub-account Variable Account and distribute to the Sub-account Variable Account the amount of such underpayment for credit by the Company to affected Contract Owners. In the event that any such material error is the result of the gross negligence of W&R or Ivy Funds VIP, or a designated agent for calculating the net asset value, any administrative or other costs or losses incurred for correcting underlying Contract owner accounts shall be at W&R’s 's expense. The Company agrees to use its best efforts to minimize any costs incurred under this paragraph and shall provide W&R with acceptable documentation of any such costs incurred.