EXPENSE CHARGES Sample Clauses
EXPENSE CHARGES. Charges to cover expenses incurred by Us in the distribution and administration of this contract are made in the manner described below. PREMIUM TAX A premium tax may be required based on the laws of the state or municipality of delivery, or the state or municipality where the Owner resides when a premium payment is applied. The premium tax rate, if any, as of the Contract Date, is shown on the Schedule Page. This rate may change for subsequent premium payments in accordance with applicable state law. We will pay any premium tax due and will only reimburse ourselves upon the remittance of the premium tax to the applicable state or municipality. TRANSFER CHARGE A transfer charge is as shown on the Schedule Page. ANNUAL ADMINISTRATIVE CHARGE A portion of the administrative expense incurred by Us is assessed in the form of an annual charge as shown on the Schedule Page. We reserve the right to lower such charge. Such charge will be deducted at the end of each Contract Year and upon termination. The charge will be deducted from the total Contract Value with each Subaccount bearing a pro rata share of such expense based on the proportionate Contract Value of each of the Subaccounts. By agreement with Us, You may, instead, elect to pay this charge in cash. MORTALITY AND EXPENSE RISK FEE The mortality and expense risk fee is taken in the form of a daily fee against each Subaccount as shown on the Schedule Page. We reserve the right to lower such fee.
EXPENSE CHARGES. MORTALITY AND EXPENSE RISK CHARGE
EXPENSE CHARGES. A. MINNESOTA LIFE Expense Charge MINNESOTA LIFE shall assess an annual expense charge to the plan as described in Exhibit D.
B. Risk Charge MINNESOTA LIFE shall assess an annual risk charge to the plan as described in Exhibit E.
EXPENSE CHARGES. 8 Tax.......................................................8
EXPENSE CHARGES. Charges to cover expenses incurred by Us in the distribution and administration of this contract are made in the manner described below.
EXPENSE CHARGES. The Company shall reimburse the Consultant for expenses actually incurred by the Consultant during such month in connection with the Consultant’s performance of services pursuant to this Agreement. Such expenses may include long distance telephone calls, reasonable and necessary travel expenses incurred by the Consultant in connection with its performance of services pursuant to this Agreement, couriers and other costs that the Consultant may be required to advance on the Company’s behalf.
EXPENSE CHARGES. Charges to cover expenses incurred by Us in the distribution and administration of this contract are made in the manner described below. TAX A tax may be required based on the laws of the state of issue or the state where the Owner resides when the Premium is applied. The tax rate, if any, as of the Contract Date, is shown on the Schedule Page. I601 8 SURRENDER CHARGE A charge to cover expenses incurred in the sale and distribution of this contract is taken in the form of a surrender charge as described in Part 5 which is applied to any withdrawals or full surrender made within the seven-year period following the Premium Payment Date. TRANSFER CHARGE A transfer charge is as shown on the Schedule Page. PAYMENT CHARGE The payment charge is taken in the form of a deduction from each Annuity Payment as shown on the Schedule Page.
EXPENSE CHARGES. All ongoing expenses associated with the administration of this plan will be paid by OLAP. Note: A fee will be assessed, on behalf of the member, for processing each cash withdrawal referred to as a partial or full de-registration except that each plan member will be allowed one free withdrawal. This fee, which will be deducted from the amount withdrawn, will not apply if cash is withdrawn on termination of employment, death, or retirement. Nor will it apply in the event of a transfer to another RRSP contract.
EXPENSE CHARGES