VARIABLE ESTATEMAX Sample Clauses

VARIABLE ESTATEMAX. During the period the Broker-Dealer Selling Agreement is in effect, and subject to and in accordance with the provisions thereof, Broker- Dealer shall be compensated as follows with respect to a policy of Penn Mutual know as the Last Survivor Flexible Premium Adjustable Variable Life Insurance Policy (Policy Forms VALJ-94(S) and VALJ- 94(U)), (a policy on any such form being hereinafter called a "Variable EstateMax Policy"), that is placed in force under this agreement. With respect to each Variable EstateMax Policy, Broker- Dealer may elect to receives fees under Option 1 or 2. If no option is selected the default will be Option 1. Once each policy is in force, no changes will be permitted to the choice of compensation. A. OPTION 1. --------- (a) Basic First Year Compensation ----------------------------- A fee for the first policy year of 50% of A plus 2.0% of B where A is equal to the lesser of: (i) the premium paid in year 1 (ii) the target premium for the policy, or
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Related to VARIABLE ESTATEMAX

  • Portfolio The portfolio is due by the end of the 12th week.

  • Happen After We Receive Your Letter When we receive your letter, we must do two things:

  • Information Concerning the Fund and SubAdviser From time to time as the Adviser or the Fund may request, the SubAdviser will furnish the requesting party information and reports on portfolio transactions and reports on Fund assets held in the portfolio, all in such detail, form and frequency as the Adviser or the Fund may reasonably request. The SubAdviser will also provide the Adviser with notice and analysis of events that may affect or relate to the valuation of the Fund’s portfolio.

  • Sub-Investment Advisers The Adviser may employ one or more sub-investment advisers from time to time to perform such of the acts and services of the Adviser, including the selection of brokers or dealers to execute the Trust's portfolio security transactions, and upon such terms and conditions as may be agreed upon between the Adviser and such sub-investment adviser and approved by the Trustees of the Trust, all as permitted by the Investment Company Act of 1940.

  • Happen After We Receive Your Letter When we receive your letter, we must do two things:

  • Financial Public Relations Firm Promptly after the execution of a definitive agreement for a Business Combination, the Company shall retain a financial public relations firm reasonably acceptable to the Representative for a term to be agreed upon by the Company and the Representative.

  • What Will Happen After We Receive Your Letter When we receive your letter, we must do two things:

  • PORTFOLIO HOLDINGS The Adviser will not disclose, in any manner whatsoever, any list of securities held by the Portfolio, except in accordance with the Portfolio’s portfolio holdings disclosure policy.

  • Management Company 14 Maturity....................................................................14

  • Mixed and Shared Funding 11 5.1 General.....................................................11 5.2 Disinterested Directors.....................................12 5.3 Monitoring for Material Irreconcilable Conflicts............12 5.4

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