Common use of Program Management Fee Clause in Contracts

Program Management Fee. Each Investment Option is subject to a program management fee at an annual rate of 0.15% of the average daily net assets, which is accrued daily and reflected in the price of each Investment Option. Under certain circumstances, the Program Manager, in its sole discretion, may waive a portion of its program management fee with respect to an Investment Option. Any such waiver would be voluntary and may be discontinued at any time.

Program Management Fee. Each Investment Option is subject to a program management fee at an annual rate of 0.150.08% of the average daily net assets, which is accrued daily and reflected in the price of each Investment Option. Under certain circumstances, the Program Manager, in its sole discretion, may waive a portion of its program management fee with respect to an Investment Option. Any such waiver would be voluntary and may be discontinued at any time.

Program Management Fee. Each Investment Option is subject to a program management fee at an annual rate of 0.150.12% of the average daily net assets, which is accrued daily and reflected in the price of each Investment Option. Under certain circumstances, the Program Manager, in its sole discretion, may waive a portion of its program management fee with respect to an Investment Option. Any such waiver would be voluntary and may be discontinued at any time.