RECORDKEEPING FEE. AMOUNT: Once in each calendar quarter, AXA Equitable will withdraw from the Annuitant's Accounts a recordkeeping fee. The amount of such charge shall be determined by AXA Equitable but will not be more than a maximum charge of $7.50 in each calendar quarter. The amount determined by AXA Equitable will be based on such factors as (i) the method by which Contributions are being made under the Contract (payroll deduction, direct contribution or other), (ii) the number of Annuitants contributing through the same payroll deduction facility , (iii) the total Contributions AXA Equitable estimates will be made , (iv) any other circumstances having an impact on AXA Equitable's recordkeeping expense, and (v) whether the Annuitant is then receiving payments under the periodic distribution option described in Section 4.04. The Annuitant's recordkeeping fee will be deducted from the Annuitant's Accounts, and within those Accounts from the Annuitant's balance in each Investment Account, in accordance with the ordering rule established by AXA Equitable from time to time. The ordering rule in effect from time to time shall be available to the Annuitant upon request. Such withdrawals will reduce the number of Units in the Annuitant's Investment Accounts. The initial recordkeeping fee shall be stated on the Data Pages. 301-10,000-2002 Page 14 AXA Equitable reserves the right to withdraw the recordkeeping fee more or less frequently than once each calendar quarter but the amount will never exceed $30 per annum. EMPLOYER PAYMENT: An employer may have a Contribution made of an amount equal to the Annuitant's recordkeeping fee then due for the Annuitant. If such a Contribution is made, no withdrawal from the Annuitant's Account will then be made pursuant to this Section.
RECORDKEEPING FEE. An annual Recordkeeping Fee is imposed on the average account value in your Voya Select Advantage IRA for custody, recordkeeping and administrative services. The fee is deducted on each of the account’s quarterly anniversaries and at the time of a complete withdrawal of your account. The Recordkeeping Fee is calculated based on an average account value, multiplied by 25% of the applicable annual fee percentage, as determined by the Recordkeeping Fee schedule below. The account values on the following dates are used to determine the average account value: prior account quarterly anniversary, any subsequent monthly anniversaries and either the current quarterly anniversary or the complete withdrawal date. The Recordkeeping Fee schedule is as follows: Average Account Value Annual Recordkeeping Fee $0 to <$50,000 0.60% $50,000 to <$100,000 0.55% $100,000+ 0.50% The Recordkeeping Fee and the Maintenance Fee continue to be deducted after the owner’s death until the account is closed. Further information about these and other charges, including fund charges, can be found in your Voya Select Advantage Xxxx XXX Disclosure Supplement. A fee may also be charged for certain non-routine administrative expenses, for example, sending withdrawal payments through overnight mail. Any such charges will be disclosed in the administrative forms related to these transactions. Fee Changes. We reserve the right to establish and modify the fees charged in connection with our recordkeeping and custodial services. In the event of any change in the fees, you will be notified 30 days in advance of such fee change.
RECORDKEEPING FEE. AMOUNT: Once in each calendar quarter, AXA Equitable will withdraw from the Annuitant's Accounts a recordkeeping fee.
RECORDKEEPING FEE. (a) During the term of this Agreement, Recordkeeping Agent will be entitled to receive Recordkeeping Fees paid by ADI as the paying agent for each Fund as set forth in Schedule 1 of this Agreement provided that, no recordkeeping fees will be paid in any given payment period unless the applicable fee exceeds the minimum fee amount set forth in Schedule 1. ADI, as the paying agent for each Fund, shall pay any amounts owed to Recordkeeping Agent in accordance with its regular payment schedules and in no event less frequently than quarterly.
RECORDKEEPING FEE. (a) During the term of this Agreement, Recordkeeping Agent will be entitled to receive Recordkeeping Fees paid by FSSC on behalf of each Fund as set forth in Schedule 1 to this Agreement provided that, no recordkeeping fees will be paid in any given payment period unless the applicable fee exceeds the minimum fee amount set forth in Schedule 1. FSSC shall pay any amounts owed to Recordkeeping Agent in accordance with its regular payment schedules and in no event less frequently than quarterly.
RECORDKEEPING FEE. AMOUNT: Once in each calendar quarter, Equitable will withdraw from the Annuitant's Accounts a recordkeeping fee.
RECORDKEEPING FEE. The Recordkeeper will deduct a recordkeeping fee in the amount set forth in the Schedule of Administrative Fees under Addendum B as in effect from time to time, pro rata from each of the Participant’s Account. This deduction shall be taken on a pro rata basis from the Investment Funds in which the Participant’s Account is invested.
RECORDKEEPING FEE. No fees shall be paid for the Recordkeeping Services rendered hereunder.
RECORDKEEPING FEE. During the term of this Agreement, Recordkeeping Agent shall be entitled to receive fees ("RECORDKEEPING FEES") paid by FSSC on behalf of each Fund as set forth on EXHIBIT B to this Agreement.
