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

Purchase and Redemption of Fund Shares. 1.1 The Underwriter, on behalf of itself and the Fund, agrees to sell to the Company those shares of the 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 or its designee of such order. For purposes of this Section, the Company shall be the designee of the Fund for receipt of such orders from each Separate Account. Receipt by such designee shall constitute receipt by the Fund; provided that the Fund or the Underwriter receives notice of such order via the National Securities Clearing Corporation (the "NSCC") by 10:00 a.m. Eastern Time on the next following Business Day. The Fund will receive all orders to purchase Portfolio shares using the NSCC's Defined Contribution Clearance & Settlement ("DCC&S") platform. The Fund will also provide the Company with account positions and activity data using the NSCC's Networking platform. The Company shall pay for Portfolio shares by the scheduled close of federal funds transmissions on the same Business Day it places an order to purchase Portfolio shares in accordance with this section using the NSCC's Fund/SERV System. Payment shall be in federal funds transmitted by wire from the Fund's designated Settling Bank to the NSCC. "BUSINESS DAY" shall 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 UnderwriterDistributor, on behalf of itself and the Fund, agrees to sell to the Company those shares of the 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 Distributor or its designee of such order. For purposes of this Section, the Company shall be the designee of the Fund Distributor for receipt of such orders from each Separate Account. Receipt by such designee shall constitute receipt by the Fund; provided that the Fund or the Underwriter Distributor receives notice of such order via the National Securities Clearing Corporation (the "NSCC") by 10:00 a.m. Eastern Time on the next following Business Day. The Fund Distributor will receive all orders to purchase Portfolio shares using the NSCC's Defined Contribution Clearance & Settlement ("DCC&S") platform. The Fund Distributor will also provide the Company with account positions and activity data using the NSCC's Networking platform. The Company shall pay for Portfolio shares by the scheduled close of federal funds transmissions on the same Business Day it places an order to purchase Portfolio shares in accordance with this section using the NSCC's Fund/SERV System. Payment shall be in federal funds transmitted by wire from the Fund's designated Settling Bank to the NSCC. "BUSINESS DAY" shall 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 Underwriter, on behalf of itself and the Fund, Fund agrees to sell to the Company those shares of the Portfolios for which the Company places purchase orders in proper form, as set forth in the then current prospectus of the applicable Portfolio, 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 or its designee of such order. For purposes of this Section, the Company shall be the designee of the Fund for receipt of such orders from each Separate Account. Receipt by Company, as such designee designee, shall constitute receipt by the Fund; provided that the Fund or the Underwriter its designee receives notice of such order via the National Securities Clearing Corporation (the "“NSCC"”) by 10:00 8:30 a.m. Eastern Time on the next following Business Day. The Fund will receive all orders to purchase Portfolio shares using the NSCC's ’s Defined Contribution Clearance & Settlement ("“DCC&S"”) platform. The Fund will also provide the Company with account positions and activity data using the NSCC's ’s Networking platform. The Company shall pay for Portfolio shares by the scheduled close of federal funds transmissions on the same Business Day it places an order to purchase Portfolio shares in accordance with this section Section using the NSCC's ’s Fund/SERV System. Payment shall be in federal funds transmitted by wire from the Fund's ’s designated Settling Bank to the NSCC. "BUSINESS DAY" shall 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 Underwriter, on behalf of itself Fund and the Fund, agrees Underwriter agree to sell to the Company those shares of the 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 or its designee of such order. For purposes of this Section, the Fund designates the Company shall be as its agent for the designee purpose of receiving orders from each Separate Account to buy shares of the Fund for receipt of such orders from each Separate Account. Receipt by such designee shall constitute receipt by the Fund; provided that the Fund Fund, its designee or the Underwriter receives notice of such order via the National Securities Clearing Corporation (the "“NSCC"”) by 10:00 8:30 a.m. Eastern Time on the next following Business DayDay and the Company complies with the terms of the Fund’s registration statement on Form N-lA, as amended. The Fund or its designee will receive all orders to purchase Portfolio shares using the NSCC's ’s Defined Contribution Clearance & Settlement ("“DCC&S"”) platform. The Fund or its designee will also provide the Company with account positions and activity data using the NSCC's ’s Networking platform. The Company shall pay for Portfolio shares by the scheduled close of federal funds transmissions on the same Business Day it places an order to purchase Portfolio shares in accordance with this section using the NSCC's ’s Fund/SERV System. Payment shall be in federal funds transmitted by wire from the Fund's ’s designated Settling Bank to the NSCC. "BUSINESS DAY" shall 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 Underwriter, on its own behalf and on behalf of itself and the each Fund, agrees to sell to the Company those shares of the 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 or its designee of such order. For purposes of this Section, the Company shall be the designee of the Fund for receipt of such orders from each Separate Account. Receipt by such designee shall constitute receipt by the Fund; provided that the Fund or the Underwriter receives notice of such order via the National Securities Clearing Corporation (the "NSCC") by 10:00 a.m. Eastern Time on the next following Business Day. The Fund will receive all orders to purchase Portfolio shares using the NSCC's Defined Contribution Clearance & Settlement ("DCC&S") platform. The Underwriter will or will have the Fund will also provide the Company with account positions and activity data using the NSCC's Networking platform. The Company shall pay for Portfolio shares by the scheduled close of federal funds transmissions on the same Business Day it places an order to purchase Portfolio shares in accordance with this section using the NSCC's Fund/SERV System. Payment shall be in federal funds transmitted by wire from the Fund's designated Settling Bank to the NSCC. "BUSINESS DAY" shall 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 Underwriter, on behalf of itself and the Fund, Underwriter agrees to sell to the Company those shares of the 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 Funds or its designee their designee(s) of such order. For purposes of this Section, the Company shall be the designee of the Fund Funds for receipt of such orders from each Separate Account. Receipt by such designee shall constitute receipt by the applicable Fund; provided that the Fund or the Underwriter receives notice of such order via the National Securities Clearing Corporation (the "NSCC") by 10:00 9:00 a.m. Eastern Time on the next following Business Day. The Fund Funds will receive all orders to purchase Portfolio shares using the NSCC's Defined Contribution Clearance & Settlement ("DCC&S") platform. The Fund Funds will also provide the Company with account positions and activity data using the NSCC's Networking platform. The Company shall pay for Portfolio shares by the scheduled close of federal funds transmissions on the same Business Day it places an order to purchase Portfolio shares in accordance with this section using the NSCC's Fund/SERV System. Payment shall be in federal funds transmitted by wire from the Fund's Funds' designated Settling Bank to the NSCC. "BUSINESS DAY" shall any day on which the New York Stock Exchange is open for trading and on which the Fund calculates it Funds calculate their net asset value pursuant to the rules of the SEC. "

Purchase and Redemption of Fund Shares. 1.1 The Underwriter, on behalf of itself and the Fund, agrees Funds agree to sell or cause to be sold to the Company those shares of the 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 applicable Fund or its designee of such order. For purposes of this Section, the Company shall be the designee of the Fund Funds for receipt of such orders from each Separate Account. Receipt by such designee shall constitute receipt by the applicable Fund; provided that the Fund or the Underwriter its transfer agent ("TRANSFER AGENT") receives notice of such order via the National Securities Clearing Corporation (the "NSCC") by 10:00 a.m. Eastern Time on the next following Business Day. The Fund Funds or the Transfer Agent will receive all orders to purchase Portfolio shares using the NSCC's Defined Contribution Clearance & Settlement ("DCC&S") platform. The Fund Funds or 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 Portfolio shares by the scheduled close of federal funds transmissions on the same Business Day it places an order to purchase Portfolio shares in accordance with this section using the NSCC's Fund/SERV System. Payment shall be in federal funds transmitted by wire from the Fund's Funds' designated Settling Bank to the NSCC. "BUSINESS DAY" shall any day on which the New York Stock Exchange is open for trading and on which the Fund applicable Portfolio calculates it net asset value pursuant to the rules of the SEC. "

Purchase and Redemption of Fund Shares. 1.1 The Underwriter, on behalf of itself and the Fund, agrees Funds agree to sell to make Shares available for purchase by the Company those shares of the Portfolios which and Funds shall execute orders placed by the Company orders on behalf of any Separate Account, executing such orders Account on a daily basis Business Day (as defined below) at the next determined net asset value next computed per share after receipt and acceptance by the Fund or its designee of such orderorder as set forth in the applicable current prospectus ("Prospectus") and Statement of Additional Information ("SAI") and applicable rules, regulations and requirements. For purposes of this Section, the Company shall be the designee of the Fund for receipt of such orders from each Separate Account. Receipt by such designee by the Funds' deadline for orders on a Business Day shall constitute receipt by the FundFunds; provided that the Fund or the Underwriter receives Funds receive notice of such order via the National Securities Clearing Corporation (the "NSCC") by 10:00 9:30 a.m. Eastern Time on the next following Business Day. The Fund will receive all orders to purchase Portfolio shares Shares using the NSCC's Defined Contribution Clearance & Settlement ("DCC&S") platform. The Fund will also provide the Company with account positions and activity data using the NSCC's Networking platform. The Company shall pay for Portfolio shares Shares by the scheduled close of federal funds transmissions on the same Business Day it places the Fund receives an order to purchase Portfolio shares Shares in accordance with this section using the NSCC's Fund/SERV System. Payment shall be in federal funds transmitted by wire from to the Fund's designated Settling Bank to the NSCC. "BUSINESS DAY" shall 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. "