Non-Guaranteed Elements. Non-Guaranteed Elements shall be set in accordance with the Reinsurance Agreement, subject to the receipt of any approval from the independent board of directors of any Separate Account as required by the Investment Company Act of 1940 or otherwise, as applicable.
Appears in 4 contracts
Sources: Administrative Services Agreement (Prudential Discovery Select Group Variable Contract Account), Administrative Services Agreement (Prudential Discovery Premier Group Variable Contract Account), Administrative Services Agreement (Prudential Discovery Premier Group Variable Contract Account)
Non-Guaranteed Elements. Non-Guaranteed Elements shall be set in accordance with each of the Reinsurance AgreementAgreements, subject to the receipt of any approval from the independent board of directors of any Separate Account as required by the Investment Company Act of 1940 or otherwise, as applicable. The Administrator shall, at its sole cost and expense (including payment of all necessary fees to any third parties), implement the Non- Guaranteed Elements as in effect from time to time in accordance with the Reinsurance Agreements.
Appears in 2 contracts
Sources: Administrative Services Agreement (Minnesota Life Variable Life Account), Administrative Services Agreement (Variable Annuity Account)