Common use of Website Hosting and Notice Fee Clause in Contracts

Website Hosting and Notice Fee. (Expense Allocation). The Fund and Lazard shall bear their proportional cost of (i) posting and maintaining the Fund Documents on the website hosted by the Insurance Company and (ii) preparing and mailing notices as required by paragraph (c) of Rule 30e-3 of the availability of certain Fund Documents to Contractholders. The Fund’s proportional cost is equal to the quotient of (a) divided by (b) multiplied by (c) where (a) is the total hosting and mailing expenses incurred by Insurance Company for all funds offered in its Separate Accounts, (b) is the total number of funds available across the Insurance Company’s Separate Accounts and (c) is the number of funds available across the Insurance Company’s Separate Accounts that are part of the Fund’s family (the “Website Hosting and Notice Fee”). The Insurance Company shall send the Fund and/or Lazard an invoice for the Website Hosting and Notice Fee on a quarterly basis and the Fund and/or Lazard shall pay the Website Hosting and Notice Fee to the Insurance Company within 15 business days after receipt of the invoice. From time to time, the Parties shall review the Website Hosting and Notice Fee to determine whether it reasonably approximates the Insurance Company’s incurred and anticipated costs of posting and maintaining the Fund’s Required Materials on the website hosted by the Insurance Company and preparing and mailing notices of the availability of the Fund’s Reports to Contractholders. The Parties agree to negotiate in good faith any change to the Website Hosting and Notice Fee proposed by a Party in good faith.