Common use of Purchase and Redemption of Fund Shares Clause in Contracts

Purchase and Redemption of Fund Shares. 1.1 The Transfer Agent and the Underwriter agree to sell to the Company those shares of the Funds which the Company orders on behalf of any Separate Account, executing such orders on a daily basis at the net asset value next computed after receipt and acceptance by the Transfer Agent of such order. For purposes of this Section 1.1, the Company shall be the designee of the Transfer Agent for receipt of such orders from each Separate Account. Receipt by such designee shall constitute receipt by the Transfer Agent; provided that the Transfer Agent the Underwriter receives notice of such order via the National Securities Clearing Corporation (the "NSCC") within the time frames established by the NSCC on the next following Business Day. The Transfer Agent will receive all orders to purchase Fund shares using the NSCC's Defined Contribution Clearance & Settlement ("DCC&S") platform. The Transfer Agent will also provide the Company with account positions and activity data using the NSCC's Networking platform. The Company shall pay for Fund shares by the scheduled close of federal funds transmissions on the same Business Day it places an order to purchase Fund shares in accordance with this section using the NSCC's Continuous Net Settlement ("CNS") System. Payment shall be in federal funds transmitted by wire to the each Fund's designated Settling Bank. Business Day shall mean any day on which the New York Stock Exchange is open for trading and on which the Fund calculates it net asset value pursuant to the rules of the SEC. Networking shall mean the NSCC's product that allows the Transfer Agent and Companies to exchange account level information electronically. Settling Bank shall mean the entity appointed by the Transfer Agent to perform such settlement services on behalf of each Fund and agrees to abide by the NSCC's Rules and Procedures insofar as they relate to the same day funds settlement. If the Company is somehow prohibited from submitting purchase and settlement instructions to the Transfer Agent for Fund shares via the NSCC's DCC&S platform, the following shall apply to this Section 1.1: The Transfer Agent and the Underwriter agree to sell the Company those shares of the Fund which the Company orders on behalf of any Separate Account, executing such orders on a daily basis at the net asset value next computed after receipt and acceptance by the Fund, the Transfer Agent or other designee of such order. For purposes of this Section 1.1, the Company shall be the designee of the Transfer Agent for the receipt of such orders from the Separate Account and receipt by such designee shall constitute receipt by the Transfer Agent; provided that the Transfer Agent or the Underwriter receives notice of such order by 9:30 a.m. Eastern Time on the next following Business Day. The Company shall pay for Fund shares by the scheduled close of federal funds transmissions on the same Business Day it places an order to purchase Fund shares in accordance with this section. Payment shall be in federal funds transmitted by wire to each Fund's designated custodian. Business Day shall mean any day on which the New York Stock Exchange is open for trading and on which the Fund calculates it net asset value pursuant to the rules of the SEC.

Purchase and Redemption of Fund Shares. 1.1 The Transfer Agent Fund and the Underwriter agree to sell to the Company those shares of the Funds Portfolios which the Company orders on behalf of any Separate Account, executing such orders on a daily basis at the net asset value next computed after receipt and acceptance by the Transfer Agent Fund or its designee of such order. For purposes of this Section 1.1, the Company shall be the designee of the Transfer Agent Fund for receipt of such orders from each Separate Account. Account Receipt by such designee shall constitute receipt by the Transfer AgentFund; provided that the Transfer Agent Fund or the Underwriter receives notice of such order via the National Securities Clearing Corporation (the "NSCC") within the time frames established by the NSCC 9:30 a.m. Eastern Time on the next following Business Day. The Transfer Agent Fund will receive all orders to purchase Fund Portfolio shares using the NSCC's Defined Contribution Clearance & Settlement ("DCC&S") platform. The Transfer Agent Fund will also provide the Company with account positions and activity data using the NSCC's Networking platform. The Company shall pay for Fund Portfolio shares by the scheduled close of federal funds transmissions on the same such next following Business Day after it places an order to purchase Fund Portfolio shares in accordance with this section using the NSCC's Continuous Net Settlement ("CNS") System. Payment shall be in federal funds transmitted by wire to from the each Fund's designated Settling BankBank to the NSCC. Business Day shall mean any day on which the New York Stock Exchange is open for trading and on which the Fund calculates it net asset value pursuant to the rules of the SEC. Networking shall mean the NSCC's product that allows the Transfer Agent Funds and Companies to exchange account level information electronically. Settling Bank shall mean the entity appointed by the Transfer Agent Fund to perform such settlement services on behalf of each the Fund and agrees to abide by the NSCC's Rules and Procedures insofar as they relate to the same day funds settlement. If the Company is somehow prohibited from submitting purchase and settlement instructions to the Transfer Agent Fund for Fund Portfolio shares via the NSCC's DCC&S platform, platform the following shall apply to this Section 1.1: ; The Transfer Agent Fund and the Underwriter agree to sell the Company those shares of the Fund Portfolios which the Company orders on behalf of any Separate Account, executing such orders on a daily basis at the net asset value next computed after receipt and acceptance by the Fund, the Transfer Agent Fund or other its designee of such order. For purposes of this Section 1.1, the Company shall be the designee of the Transfer Agent Fund for the receipt of such orders from the Separate Account and receipt by such designee shall constitute receipt by the Transfer AgentFund; provided that the Transfer Agent Fund or the Underwriter receives notice of such order by 9:30 a.m. Eastern Time eastern time on the next following Business Day. The Company shall pay for Fund Portfolio shares by the scheduled close of federal funds transmissions on the same such next following Business Day after it places an order to purchase Fund Portfolio shares in accordance with this section. Payment shall be in federal funds transmitted by wire to each the Fund's designated custodian. Business Day shall mean any day on which the New York Stock Exchange is open for trading and on which the Fund calculates it net asset value pursuant to the rules of the SEC.

Purchase and Redemption of Fund Shares. 1.1 The Transfer Agent and the Underwriter agree to sell to the Company those shares of the Funds which the Company orders on behalf of any Separate Account, executing such orders on a daily basis at the net asset value next computed after receipt and acceptance by the Transfer Agent of such order. For purposes of this Section 1.1, the Company shall be the designee of the Transfer Agent for receipt of such orders from each Separate Account. Receipt by such designee shall constitute receipt by the Transfer Agent; provided that the Transfer Agent the Underwriter receives notice of such order via the National Securities Clearing Corporation (the "“NSCC"”) within the time frames established by the NSCC on the next following Business Day. The Transfer Agent will receive all orders to purchase Fund shares using the NSCC's ’s Defined Contribution Clearance & Settlement ("“DCC&S"”) platform. The Transfer Agent will also provide the Company with account positions and activity data using the NSCC's ’s Networking platform. The Company shall pay for Fund shares by the scheduled close of federal funds transmissions on the same Business Day it places an order to purchase Fund shares in accordance with this section using the NSCC's ’s Continuous Net Settlement ("“CNS"”) System. Payment shall be in federal funds transmitted by wire to the each Fund's ’s designated Settling Bank. Business Day shall mean any day on which the New York Stock Exchange is open for trading and on which the Fund calculates it net asset value pursuant to the rules of the SEC. Networking shall mean the NSCC's ’s product that allows the Transfer Agent and Companies to exchange account level information electronically. Settling Bank shall mean the entity appointed by the Transfer Agent to perform such settlement services on behalf of each Fund and agrees to abide by the NSCC's ’s Rules and Procedures insofar as they relate to the same day funds settlement. If the Company is somehow prohibited from submitting purchase and settlement instructions to the Transfer Agent for Fund shares via the NSCC's ’s DCC&S platform, the following shall apply to this Section 1.1: The Transfer Agent and the Underwriter agree to sell the Company those shares of the Fund which the Company orders on behalf of any Separate Account, executing such orders on a daily basis at the net asset value next computed after receipt and acceptance by the Fund, the Transfer Agent or other designee of such order. For purposes of this Section 1.1, the Company shall be the designee of the Transfer Agent for the receipt of such orders from the Separate Account and receipt by such designee shall constitute receipt by the Transfer Agent; provided that the Transfer Agent or the Underwriter receives notice of such order by 9:30 a.m. Eastern Time on the next following Business Day. The Company shall pay for Fund shares by the scheduled close of federal funds transmissions on the same Business Day it places an order to purchase Fund shares in accordance with this section. Payment shall be in federal funds transmitted by wire to each Fund's ’s designated custodian. Business Day shall mean any day on which the New York Stock Exchange is open for trading and on which the Fund calculates it net asset value pursuant to the rules of the SEC.

Purchase and Redemption of Fund Shares. 1.1 The Transfer Agent Fund and the Underwriter agree to sell to the Company those shares of the Funds Portfolios which the Company orders on behalf of any Separate Account, executing such orders on a daily basis at the net asset value next computed after receipt and acceptance by the Transfer Agent Fund or its designee of such order. For purposes of this Section 1.1Section, the Company shall be the designee of the Transfer Agent Fund for receipt of such orders from each Separate Account. Account Receipt by such designee shall constitute receipt by the Transfer AgentFund; provided that the Transfer Agent Fund or the Underwriter receives notice of such order via the National Securities Clearing Corporation (the "NSCC") within the time frames established by the NSCC 6:00 a.m. Eastern Time on the next following Business Day. The Transfer Agent Fund will receive all orders to purchase Fund Portfolio shares using the NSCC's Defined Contribution Clearance & Settlement ("DCC&S") platform. The Transfer Agent Fund will also provide the Company with account positions and activity data using the NSCC's Networking platform. The Company shall pay for Fund Portfolio shares by the scheduled close of federal funds transmissions on the same Business Day it places an order to purchase Fund Portfolio shares in accordance with this section using the NSCC's Continuous Net Settlement ("CNS") Fund/SERVE System. Payment shall be in federal funds transmitted by wire to from the each Fund's designated Settling BankBank to the NSCC. Business Day shall mean any day on which the New York Stock Exchange is open for trading and on which the Fund calculates it net asset value pursuant to the rules of the SEC. Networking shall mean the NSCC's product that allows the Transfer Agent Fund's and Companies to exchange account level information electronically. Settling Bank shall mean the entity appointed by the Transfer Agent Fund to perform such settlement services on behalf of each the Fund and agrees to abide by the NSCC's Rules and Procedures insofar as they relate to the same day funds settlement. If the Company is somehow prohibited from submitting purchase and settlement instructions to the Transfer Agent Fund for Fund Portfolio shares via the NSCC's DCC&S platform, platform the following shall apply to this Section 1.1: Section; The Transfer Agent Fund and the Underwriter agree to sell the Company those shares of the Fund Portfolios which the Company orders on behalf of any Separate Account, executing such orders on a daily basis at the net asset value next computed after receipt and acceptance by the Fund, the Transfer Agent Fund or other its designee of such order. For purposes of this Section 1.1Section, the Company shall be the designee of the Transfer Agent Fund for the receipt of such orders from the Separate Account and receipt by such designee shall constitute receipt by the Transfer AgentFund; provided that the Transfer Agent Fund or the Underwriter receives notice of such order by 9:30 8:30 a.m. Eastern Time on the next following Business Day. The Company shall pay for Fund Portfolio shares by the scheduled close of federal funds transmissions on the same Business Day it places an order to purchase Fund Portfolio shares in accordance with this section. Payment shall be in federal funds transmitted by wire to each the Fund's designated custodian. Business Day shall mean any day on which the New York Stock Exchange is open for trading and on which the Fund calculates it net asset value pursuant to the rules of the SEC.

Purchase and Redemption of Fund Shares. 1.1 The Transfer Agent and the Underwriter agree agrees to sell to the Company those shares of the Funds which the Company orders on behalf of any Separate Account, executing such orders on a daily basis at the net asset value next computed after receipt and acceptance by the Transfer Agent Fund or its designee of such order. For purposes of this Section 1.1Section, the Company shall be the designee of the Transfer Agent Fund for receipt of such orders from each Separate Account. Receipt by such designee shall constitute receipt by the Transfer AgentFund; provided that the Transfer Agent the Underwriter receives notice of Company transmits such order via the National Securities Clearing Corporation (the "NSCC") within the time frames established by the NSCC 6:00 a.m. Eastern Time (Cycle 6) on the next following Business Day. The Transfer Agent Underwriter will receive all orders to purchase Fund shares using the NSCC's Defined Contribution Clearance & Settlement ("DCC&S") platform. The Transfer Agent Underwriter will also provide the Company with account positions and activity data using the NSCC's Networking platform. The Company shall pay for Fund shares by the scheduled close of federal funds transmissions on the same Business Day it places an order to purchase Fund shares in accordance with this section using the NSCC's Continuous Net Settlement ("CNS") Fund/SERV System. Payment shall be in federal funds transmitted by wire to from the each Fund's designated Settling BankBank to the NSCC. Business Day shall mean any day on which the New York Stock Exchange is open for trading and on which the Fund calculates it its net asset value pursuant to the rules of the SEC. Networking shall mean the NSCC's product that allows the Transfer Agent and Companies participating members to exchange account level information electronically. Settling Bank shall mean the entity appointed by the Transfer Agent Fund to perform such settlement services on behalf of each the Fund and agrees to abide by the NSCC's Rules and Procedures insofar as they relate to the same day funds settlement. Upon receipt by the Fund of the federal funds so wired, such funds shall cease to be the responsibility of the Company and shall become the responsibility of the Fund. If the Company is somehow prohibited from submitting purchase and settlement instructions to the Transfer Agent Fund for Fund Portfolio shares via the NSCC's DCC&S platform, platform the following shall apply to this Section 1.1Section: The Transfer Agent and the Underwriter agree agrees to sell the Company those shares of the Fund Funds which the Company orders on behalf of any Separate Account, executing such orders on a daily basis at the net asset value next computed after receipt and acceptance by the Fund, the Transfer Agent Fund or other its designee of such order. For purposes of this Section 1.1Section, the Company shall be the designee of the Transfer Agent Fund for the receipt of such orders from the Separate Account and receipt by such designee shall constitute receipt by the Transfer AgentFund; provided that the Transfer Agent Fund or the Underwriter receives notice of such order by 9:30 10:00 a.m. Eastern Time on the next following Business DayDay (except that Company agrees to notify Underwriter by 8:00 a.m. but no later than 8:30 a.m. Eastern Time on the next following Business Day for the Total Equity Market Index Fund.) Company agrees to notify Underwriter by 8:00 a.m. if the order will be communicated after 8:00 a.m.. Orders received after 10:00 a.m. (8:30 a.m. for the Total Equity Market Index Fund) will receive the next business day's closing price. The Company shall pay for Fund shares by the scheduled close of federal funds transmissions on the same Business Day it places an order to purchase Fund shares in accordance with this section. Payment shall be in federal funds transmitted by wire to each the Fund's designated custodian. Business Day shall mean any day on which the New York Stock Exchange is open for trading and on which the Fund calculates it net asset value pursuant to the rules of the SEC. Upon receipt by the Fund of the federal funds so wired, such funds shall cease to be the responsibility of the Company and shall become the responsibility of the Fund.

Purchase and Redemption of Fund Shares. 1.1 The Transfer Agent Fund and the Underwriter agree to sell to the Company those shares of the Funds Portfolios which the Company orders on behalf of any Separate Account, executing such orders on a daily basis at the net asset value next computed after receipt and acceptance by the Transfer Agent Fund or its designee of such order. For purposes of this Section 1.1, the Company shall be the designee of the Transfer Agent Fund for receipt of such orders from each Separate Account. Receipt by such designee shall constitute receipt by the Transfer AgentFund; provided that the Transfer Agent Fund or the Underwriter receives notice of such order via the National Securities Clearing Corporation (the "NSCC") within the time frames established by the NSCC 10:00 a.m. Eastern Time on the next following Business Day. The Transfer Agent Fund will receive all orders to purchase Fund Portfolio shares using the NSCC's Defined Contribution Clearance & Settlement ("DCC&S") platform. The Transfer Agent Fund will also provide the Company with account positions and activity data using the NSCC's Networking platform. The Company shall pay for Fund Portfolio shares by the scheduled close of federal funds transmissions on the same such next following Business Day after it places an order to purchase Fund Portfolio shares in accordance with this section using the NSCC's Continuous Net Settlement ("CNS") System. Payment shall be in federal funds transmitted by wire to from the each Fund's designated Settling BankBank to the NSCC. Business Day shall mean any day on which the New York Stock Exchange is open for trading and on which the Fund calculates it net asset value pursuant to the rules of the SEC. Networking shall mean the NSCC's product that allows the Transfer Agent Fund's and Companies to exchange account level information electronically. Settling Bank shall mean the entity appointed by the Transfer Agent Fund to perform such settlement services on behalf of each the Fund and agrees to abide by the NSCC's Rules and Procedures insofar as they relate to the same day funds settlement. If the Company is somehow prohibited from submitting purchase and settlement instructions to the Transfer Agent Fund for Fund Portfolio shares via the NSCC's DCC&S platform, platform the following shall apply to this Section 1.1: The Transfer Agent Fund and the Underwriter agree to sell the Company those shares of the Fund Portfolios which the Company orders on behalf of any Separate Account, executing such orders on a daily basis at the net asset value next computed after receipt and acceptance by the Fund, the Transfer Agent Fund or other its designee of such order. For purposes of this Section 1.1, the Company shall be the designee of the Transfer Agent Fund for the receipt of such orders from the Separate Account and receipt by such designee shall constitute receipt by the Transfer AgentFund; provided that the Transfer Agent Fund or the Underwriter receives notice of such order by 9:30 10:00 a.m. Eastern Time eastern time on the next following Business Day. The Company shall pay for Fund Portfolio shares by the scheduled close of federal funds transmissions on the same such next following Business Day after it places an order to purchase Fund Portfolio shares in accordance with this section. Payment shall be in federal funds transmitted by wire to each the Fund's designated custodian. Business Day shall mean any day on which the New York Stock Exchange is open for trading and on which the Fund calculates it net asset value pursuant to the rules of the SEC.