Trail Commission Sample Clauses
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Trail Commission. Trail commissions are calculated and paid quarterly, using the applicable annualized rate, and are based upon the Contract’s accumulated value less any Contract debt. Of the trail commissions paid, pursuant to a Service Plan (“Plan”) adopted by Pacific Select Fund (“Fund”), and for so long as the Plan remains in effect, an annual rate of 20 basis points (.20%) is compensation for servicing the Contract Owners and providing Contract Owners with information with respect to their underlying Variable Investment Options in Pacific Select Fund under their Contracts, including, but not limited to: responding to Contract Owner inquiries about the Fund and its Portfolios and Managers; providing information on premiums and cash values allocated to and historical activity in Variable Investment Options; assisting Contract Owners with the administration of Contract features relating to Variable Investment Options including transfers, dollar cost averaging, asset allocation, rebalancing, and allocation of Contract withdrawals; responding to inquiries regarding Fund documents including the prospectus, SAI, supplements, reports, notices and proxies; and such other services and information as may be reasonably requested by its customers from time to time respecting the Fund and its Portfolios. It does not in any way increase the commission otherwise payable hereunder, nor does it create or modify any right to receive such amounts. Trail commissions will be payable on the next commission cycle following each trail calculation date, provided the Contract is in force on such commission cycle date and the Broker/Dealer remains the Broker/Dealer of record on the Contract. The Contract’s accumulated value and debt are determined as of the first business day of the applicable Contract quarter. Contract quarter is calculated from the issue date.
Trail Commission. Trail commissions at the annual rate shown above are computed monthly, as of the end of each Contract month, on the Contract's Accumulated Value less any Contract debt (including any interest accrued but not yet paid). Trail commissions commence on the first Contract anniversary and will be made annually on each Contract anniversary thereafter. Trail commissions will be paid only if the Contract is in force on the date the commission is payable.
Trail Commission. Under Option B, no trail commissions will be paid until after the end of the first Contract year. At that time, quarterly trail commissions will be paid at the annual rate of 0.25% of the Contract's accumulated value less any Contract debt at the beginning of the Contract quarter, starting with the fifth Contract quarter. Trail commissions will be payable on the next commission cycle at the beginning of each Contract quarter, provided the Contract is in force on such commission cycle date.
Trail Commission. Under Option B, a trail commission (the percentage ---------------- indicated) on an annualized basis is calculated at the end of each month based on the Contract's Accumulation Value at the end of the prior month. The trail commission will be payable annually at the end of a Contract year prior to the annuity date provided the Contract is in force on such date.
Trail Commission. Trail commissions are annualized and paid quarterly, using the applicable annualized rate, and are based upon the Contract’s total purchase payments. Trail commissions cease paying on the earliest of the last annuity payment, when a contract is terminated or when a death benefit is paid.
Trail Commission. APPLICATION PACK - CLIENT CLASSIFICATION Please note that the Fund Manager may only deal with professional clients, not retail. Therefore, please could you confirm whether you are eligible to be opted up to ‘elective professional client’ status against the ‘qualitative’ criteria below. If you are unsure whether you may be opted up, please seek guidance.
Trail Commission. TO BE COMPLETED BY BROKER/INTRODUCER (IF APPROPRIATE):
Trail Commission. The Trail Commission is calculated on the basis of ‘Daily Average Assets'. The amount payable to the distributor shall be paid the following month.