VARIABLE ANNUITIES Sample Clauses

VARIABLE ANNUITIES. Compensation to Dealer for variable annuity contracts produced by Representatives of Dealer shall be paid as follows: FIRST YEAR COMMISSIONS shall be paid at the rates shown in the table below as a percentage of the purchase payments received by ONLI in the first annuity contract year; and RENEWAL COMMISSIONS shall be paid at the rates shown in the table below as a percentage of the purchase payments received by ONLI in the second and later annuity contract years (the renewal years); and TRAIL COMMISSIONS shall be paid at the end of each completed annuity contract year at the rates shown in the table below as a percentage of the average monthly cash values of the annuity contract during the annuity contract year. Average monthly cash values equal one-twelfth of the sum of the cash values at the end of each contract month in the annuity contract year. A Trail Commission is not payable for the annuity contract year in which the annuity contract terminates. Dealer shall select the compensation option under which commission payments will be made to Dealer. Dealer may select a single option which will apply to all annuity contracts solicited by all of Dealer's Representatives, or Dealer may select a different option for each Representative. If a different option is selected for each Representative, the option selected for a particular Representative will then apply to all annuity contracts solicited by that Representative. Dealer must notify ONLI in writing of the option which will apply to annuity contracts solicited by all of its Representatives or of the option selected for each Representative as the case may be. If no other option is selected, Dealer will be compensated under Option I below. Once selected, an option may not be changed unless ONLI, in its sole discretion, approves the change. Any such change will be prospective only and will apply solely to annuity contracts issued on and after the date the requested change is accepted and approved by ONLI. Option Option I II -------------------------------------------------------------- Dealer Selection [ ] [ ] -------------------------------------------------------------- Commission % ------------------------ Tradition First Year 6.50 5.50 & Renewal Years 5.25 4.25 Spectrum* Trail 0 .20 -------------------------------------------------------------- Explorer* First Year 6.20 5.20 Renewal Years 4.95 3.95 Trail 0 .20 -------------------------------------------------------------- Top Plus First Year 5.00 4.00 ...

VARIABLE ANNUITIES. All accounts (except for Trust accounts) Trust All accounts (except for Trust accounts) Trust

VARIABLE ANNUITIES. Variable Annuities may be provided eligible Participants from the interest of this Contract in Separate Account (B), subject to the other provisions of this Contract. Accumulation Units held as reserves for such Variable Annuities shall be separated by the Company from those held for future benefits of actively employed Participants, and credited to a Variable Annuity account. (This account shall also be credited with reserves for Variable Annuities provided under all other similar contracts issued by the Company, with all such reserves held in common.) The Company shall guarantee the mortality and future expense factors of Variable Annuities hereunder, but the investment element shall be directly related to the fair value from time to time of the Accumulation Units in the Variable Annuity account.