Initial Unit Charge Clause Samples

Initial Unit Charge. (for Regular Contribution and Additional Regular Contribution only) The current Initial Unit Charge is charged on the Regular Contribution and any Additional Regular Contribution for the entire applicable ICP throughout the whole contribution payment term. This charge shall be paid in advance to us and will be deducted during its relevant Contribution Payment Term of the relevant Initial Account by cancelling the units to be allocated for the Initial Account. This charge will be accrued and deducted monthly. Please refer to the Plan Schedule for the details of the Initial Unit Charge.