Common use of TIMING OF TRANSACTIONS Clause in Contracts

TIMING OF TRANSACTIONS. Distributor hereby appoints the Company as its agent and/or agent for the Funds for the limited purpose of accepting purchase and redemption orders for Fund shares from the Accounts and/or Contract Owners, as applicable. On each day the New York Stock Exchange (the "Exchange") is open for trading (each, a "Business Day"), the Company may receive instructions from the Accounts and/or Contract Owners for the purchase or redemption of shares of the Funds ("Orders"). Orders received and accepted by the Company prior to the close of regular trading on the Exchange (the "Close of Trading") on any given Business Day (currently, 4:00 p.m. Eastern time) and transmitted to the Issuers by 10:00 a.m. Eastern time on the next following Business Day will be executed at the net asset value determined as of the Close of Trading on the previous Business Day. Any Orders received by the Company after the Close of Trading, and all Orders that are transmitted to the Issuers after 10:00 a.m. Eastern time on the next following Business Day, will be executed by the Issuers at the net asset value next determined following receipt of such Order. The day as of which an Order is executed by the Issuers pursuant to the provisions set forth above is referred to herein as the "Trade Date".

TIMING OF TRANSACTIONS. Distributor hereby appoints the Company as its agent and/or agent for the Funds for the limited purpose of accepting purchase and redemption orders for Fund shares from the Accounts and/or Contract Owners, as applicableowners. On each day the New York Stock Exchange (the "Exchange") is open for trading business (each, a "Business Day"), the Company may receive instructions from the Accounts and/or Contract Owners owners for the purchase or redemption of shares of the Funds ("Orders"). Orders received and accepted by the Company prior to the close of regular trading on the Exchange (the "Close of Trading") on any given Business Day (currently, 4:00 p.m. Eastern time) and transmitted to the Issuers Issuer by 10:00 a.m. 8:00 p.m. Eastern time on the next following such Business Day will be executed at the net asset value determined as of the Close of Trading on the previous such Business Day. Any Orders received by the Company on such day but after the Close of Trading, and all Orders that are transmitted to the Issuers Issuer after 10:00 a.m. 8:00 p.m. Eastern time on the next following such Business Day, will be executed by the Issuers at the net asset value determined as of the Close of Trading on the next determined Business Day following the day of receipt of such Order. The day as of which an Order is executed by the Issuers pursuant to the provisions set forth above is referred to herein as the "Trade Date".

TIMING OF TRANSACTIONS. Distributor hereby appoints the Company as its agent and/or agent for the Funds for the limited purpose of accepting purchase and redemption orders for Fund shares from the Accounts and/or Contract Owners, as applicableowners. On each day the New York Stock Exchange (the "Exchange") is open for trading (business ( each, a "Business Day"), the Company may receive instructions from the Accounts and/or Contract Owners owners for the purchase or redemption of shares of the Funds ("Orders"). Orders received and accepted by the Company prior to the close of regular trading on the Exchange (the "Close of Trading") on any given Business Day (currently, 4:00 p.m. Eastern time) and transmitted to the Issuers Funds' transfer agent by 10:00 9:30 a.m. Eastern time on the next following Business Day will be executed at the net asset value determined as of the Close of Trading on the such previous Business Day. Any Orders received by the Company on such day but after the Close of Trading, and all Orders that are transmitted to the Issuers after 10:00 a.m. Eastern time on the next following Business Day, will be executed by the Issuers at the net asset value determined as of the Close of Trading on the next determined Business Day following the day of receipt of such Order. The day as of which an Order is executed by the Issuers Funds' transfer agent pursuant to the provisions set forth above is referred to herein as the "Trade Date". All orders are subject to acceptance or rejection by Distributor or the Funds in the sole discretion of either of them.

TIMING OF TRANSACTIONS. Distributor hereby appoints the Company as its agent and/or agent for the Funds for the limited purpose of accepting purchase and redemption orders for Fund shares from the Accounts Plans and/or Contract OwnersParticipants, as applicable. On each day the New York Stock Exchange (the "Exchange") is open for trading business (each, a "Business Day"), the Company may receive instructions from the Accounts Plans and/or Contract Owners Participants for the purchase or redemption of shares of the Funds ("Orders"). Orders received and accepted by the Company prior to the close of regular trading on the Exchange (the "Close of Trading") on any given Business Day (currently, 4:00 p.m. Eastern time) and transmitted to the Issuers Funds' transfer agent by 10:00 8:00 a.m. Eastern time on the next following Business Day will be executed at the net asset value determined as of the Close of Trading on the previous Business Day. Any Orders received by the Company on any Business Day but after the Close of Trading, and all Orders that are transmitted to the Issuers Funds' transfer agent after 10:00 8:00 a.m. Eastern time on the next following Business Day, will be executed by the Issuers at the net asset value determined as of the Close of Trading on the next determined Business Day following the receipt of such Order. The day as of which an Order is executed by the Issuers Funds' transfer agent pursuant to the provisions set forth above is referred to herein as the "Trade Date". All orders are subject to acceptance or rejection by Distributor or the Funds in the sole discretion of any of them.

TIMING OF TRANSACTIONS. Distributor hereby appoints the Company as its agent and/or agent for the Funds for the limited purpose of accepting purchase and redemption orders for Fund shares from the Accounts and/or Contract Owners, as applicable. On each day the New York Stock Exchange (the "Exchange") is open for trading (each, a "Business Day"), the Company may receive instructions from the Accounts and/or Contract Owners for the purchase or redemption of shares of the Funds ("Orders"). Orders received and accepted by the Company prior to the close of regular trading on the Exchange (the "Close of <Page> Trading") on any given Business Day (currently, 4:00 p.m. Eastern time) and transmitted to the Issuers by 10:00 a.m. Eastern time on the next following Business Day will be executed at the net asset value determined as of the Close of Trading on the previous Business Day. Any Orders received by the Company after the Close of Trading, and all Orders that are transmitted to the Issuers after 10:00 a.m. Eastern time on the next following Business Day, will be executed by the Issuers at the net asset value next determined following receipt of such Order. The day as of which an Order is executed by the Issuers pursuant to the provisions set forth above is referred to herein as the "Trade Date".

TIMING OF TRANSACTIONS. Distributor hereby appoints the Company as its agent and/or agent for the Funds for the limited purpose of accepting purchase and redemption orders for Fund shares from the Accounts Plans and/or Contract OwnersParticipants, as applicable. On each day the New York Stock Exchange (the "Exchange") is open for trading business (each, a "Business Day"), the Company may receive instructions from the Accounts Plans and/or Contract Owners Participants for the purchase or redemption of shares of the Funds ("Orders"). Orders received and accepted by the Company prior to the close of regular trading on the Exchange (the "Close of Trading") on any given Business Day (currently, 4:00 p.m. Eastern time) and transmitted to the Issuers Funds' transfer agent by 10:00 9:30 a.m. Eastern time on the next following Business Day will be executed at the net asset value determined as of the Close of Trading on the previous Business Day. Any Orders received by the Company on any Business Day but after the Close of Trading, and all Orders that are transmitted to the Issuers Funds' transfer agent after 10:00 9:30 a.m. Eastern time on the next following Business Day, will be executed by the Issuers at the net asset value determined as of the Close of Trading on the next determined Business Day following the receipt of such Order. The day as of which an Order is executed by the Issuers Funds' transfer agent pursuant to the provisions set forth above is referred to herein as the "Trade Date". All orders are subject to acceptance or rejection by Distributor or the Funds in the sole discretion of any of them.

TIMING OF TRANSACTIONS. Distributor hereby appoints the Company as its agent and/or agent for the Funds for the limited purpose of accepting purchase and redemption orders for Fund shares from the Accounts and/or Contract Owners, as applicableowners. On each day the New York Stock Exchange (the "Exchange") is open for trading business (each, a "Business Day"), the Company may receive instructions from the Accounts and/or Contract Owners owners for the purchase or redemption of shares of the Funds ("Orders"). Orders received and accepted by the Company prior to the close of regular trading on the Exchange (the "Close of Trading") on any given Business Day (currently, 4:00 p.m. Eastern time) and transmitted to the Issuers Funds' transfer agent by 10:00 9:30 a.m. Eastern time on the next following Business Day will be executed at the net asset value determined as of the Close of Trading on the such previous Business Daybay. Any Orders received by the Company on such day but after the Close of Trading, and all Orders that are transmitted to the Issuers after 10:00 a.m. Eastern time on the next following Business Day, will be executed by the Issuers at the net asset value determined as of the Close of Trading on the next determined Business Day following the day of receipt of such Order. The day as of which an Order is executed by the Issuers Funds' transfer agent pursuant to the provisions set forth above is referred to herein as the "Trade Date". All orders are subject to acceptance or rejection by Distributor or the Funds in the sole discretion of either of them.