DC Manager. The Agent may elect to receive commissions under any one of the following schedules: Schedule 1 5% commission paid on first year deposits as they are received. Asset-based service fees equal to .5% on an annual basis shall be paid quarterly in the second and subsequent contract years on the average assets in the contract during the contract year. Schedule 2 3% commission paid on all deposits as they are received. Schedule 3 No commission.
Appears in 2 contracts
Sources: Agent Contract (Lincoln National Money Market Fund Inc), Agent Contract (Lincoln National Global Asset Allocation Fund Inc)