Examples of Marketing Expense in a sentence
The Advisor shall pay (without the right of reimbursement from the Company) any Offering and Organization Expenses in the initial offering of Shares or Units which, exclusive of the Selling Commissions and Marketing Expense Allowance, exceed 3% of gross offering proceeds.
In addition, you will be paid, on each Closing Date, a non-accountable Marketing Expense Allowance equal to 2.5% of the public offering price for each Unit subscribed and paid for on the applicable Closing Date which was sold by you or a Selected Dealer engaged by you.
Marketing Expense Allowances may vary based on the form of Contract sold and the age of the purchaser.
As of December 31, 2014, we have entered into arrangements to pay Marketing Expense Allowances to the following Fund Companies (or affiliated parties) for our entire suite of variable annuities: American Variable Insurance Series & Capital Research and Management Company & Oppenheimer Variable Account Funds & Oppenheimer Funds Distributor, Inc.
In addition, you will be paid, on each Closing Date, a non-accountable Marketing Expense Allowance equal to 2.5% of the public offering price for each Share subscribed and paid for on the applicable Closing Date which was sold by you or a Selected Dealer engaged by you.