Common use of Time each Business Day Clause in Contracts

Time each Business Day. If the Fund provides the Company materially incorrect NAV per share information (as determined under SEC guidelines), the Company shall be entitled to an adjustment to the number of shares purchased or redeemed to reflect the correct NAV per share. Any material error in the calculation or reporting of NAV per share, dividend or capital gain information shall be reported to the Company upon discovery by the Fund.

Time each Business Day. If the Fund provides the Company materially incorrect NAV per share information (as determined under SEC guidelines), the Company shall be entitled to to: (a) an adjustment to the number of shares purchased or redeemed to reflect the correct NAV per share; and (b) reimbursement with respect to the reasonable administrative or other costs or losses directly incurred by Company for correcting the underlying Contract owner accounts . Any material error in the calculation or reporting of NAV per share, dividend or capital gain information shall be reported to the Company promptly upon discovery by the Fund.

Time each Business Day. If the Fund provides the Company materially incorrect NAV per share information (as determined under SEC guidelines), the Company shall be entitled to an adjustment to the number of shares purchased or redeemed to reflect the correct NAV per share and, in the event any such materially incorrect NAV per share is the result of the gross negligence of the Fund, reimbursement of any reasonable out-of-pocket expenses incurred by the Company in adjusting the NAV per share. Any material error in the calculation or reporting of NAV per share, dividend or capital gain information shall be reported promptly to the Company upon discovery by the Fund.

Time each Business Day. If the Fund provides the Company materially incorrect NAV per share information (as determined under SEC guidelines), the Company shall be entitled to to: (a) an adjustment to the number of shares purchased or redeemed to reflect the correct NAV per share; and (b) reimbursement with respect to the reasonable administrative or other costs or losses directly incurred by Company for correcting the underlying Contract owner accounts. Any material error in the calculation or reporting of NAV per share, dividend or capital gain information shall be reported to the Company promptly upon discovery by the Fund.

Time each Business Day. If the Fund provides the Company materially incorrect NAV per share information (as determined under SEC guidelines), the Company shall be entitled to an adjustment to the number of shares purchased or redeemed to reflect the correct NAV per share. Any material error in the 2013-04-FIVIT 3 calculation or reporting of NAV per share, dividend or capital gain information shall be reported to the Company upon discovery by the Fund.