Assets Under Management. Each quarter, W&R shall calculate and pay to GWFS a fee that shall be equal to twenty-five (25) basis points on an annualized basis, of the average daily account value of all assets in the Portfolios in connection with the Contracts (“Aggregated Assets”) provided, however, that the fee is subject to change pursuant to the Paragraph (c) below. The fee paid pursuant to this Paragraph (a) shall be paid from the Rule 12b-1 plan adopted by Ivy Funds VIP, subject to Paragraph (c) below.
Appears in 4 contracts
Samples: Participation Agreement (Variable Annuity I Ser Acc of GRT West Li & Annu Ins Co of Ny), Participation Agreement (Variable Annuity I Ser Acc of GRT West Li & Annu Ins Co of Ny), Participation Agreement (Variable Annuity 1 Series Account)
