Schedule I To Sales Support Agreement Effective January 1, 2012 Compensation Payable by The Penn Mutual Life Insurance Company to Hornor Townsend & Kent, Inc. Pursuant to Section 3 of the Sales Support Agreement
Schedule I
To
Effective January 1, 2012
Compensation Payable by The Penn Mutual Life Insurance Company
to
Xxxxxx Xxxxxxxx & Xxxx, Inc.
Pursuant to Section 3 of the Sales Support Agreement
Compensation paid on Individual Variable Annuity Contracts
With respect to Individual Annuity Contracts sold by designated Penn Mutual agent who are registered representatives of Xxxxxx Xxxxxxxx & Xxxx and contracted through Penn Mutual, shall pay as follows:
| First Year Purchase Payments | ||||
| Fee per Contract |
$ | 20 | ||
| Premium Percentage |
0.325 | % | ||
| Subsequent Purchase Payments | ||||
| Fee per Contract |
$ | 1.50 | ||
| Premium Percentage |
0.30 | % | ||
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their officers designated below as of the day and year written above.
| The Penn Mutual Insurance Company |
| /s/ Xxxxxxx Xxxxxxxx |
| Xxxxxxx Xxxxxxxx |
| Vice President & Chief Accounting Officer |
| Xxxxxx Xxxxxxxx & Xxxx, Inc. |
| /s/ Xxxxxxxx Xxxxx |
| Xxxxxxxx Xxxxx |
| President & CEO |
