DISTRIBUTION EXPENSE definition
DISTRIBUTION EXPENSE. CHARGE On an annual basis this charge equals 0.15% of the average daily total net asset value of the Variable Account. This charge is to compensate Us for all distribution expenses associated with the Certificate.
DISTRIBUTION EXPENSE. CHARGE This charge, as shown on the Contract Data Page, on an annualized basis equals a percentage of the average daily ending value of the assets attributable to the Accumulation units of the Variable Portfolio(s) to which the Contract is allocated. We subtract this charge daily. This charge is to compensate Us for all distribution expenses associated with the Contract.
DISTRIBUTION EXPENSE. CHARGE On an annual basis this charge, as shown on the Certificate Data Page, equals a percentage of the average daily total net asset value of the Subaccounts to which Your Purchase Payments are allocated. This charge is to compensate Us for all distribution expenses associated with the Certificate. GUARANTEED DEATH BENEFIT RISK CHARGE On an annual basis this charge, as shown on the Certificate Data Page, equals a percentage of the average daily total net asset value of the Subaccounts to which Your Purchase Payments are allocated. This charge is to compensate Us for the risk assumed as a result of contractual obligations to provide a minimum guaranteed Death Benefit prior to the Annuity Date. TRANSFER PROVISIONS Prior to the Annuity Date, You may transfer all or part of Your Certificate Value to any of the Subaccounts or Fixed Account Options, other than the DCA Fixed Account Options, subject to certain restrictions. We reserve the right to charge a fee for transfers if the number of transfers exceeds the limit specified by Us. The minimum amount that can be transferred and the amount that can remain in a Subaccount or Fixed Account Option are subject to Company limits. TRANSFERS OF ACCUMULATION AND ANNUITY UNITS BETWEEN SUBACCOUNTS Prior to the Annuity Date, You may transfer all or a portion of Your Certificate Value between Subaccounts. A transfer will result in the redemption of Accumulation Units in a Subaccount and the purchase of Accumulation Units in the other Subaccount. Transfers will be effected at the next computed Accumulation Unit Value following Our receipt of Your request for transfer. Accumulation Unit Values are calculated at the close of each NYSE business day. After the Annuity Date, You may transfer all or a portion of Your Certificate Value from one Subaccount to another Subaccount. A transfer will result in the redemption of Annuity Units in a Subaccount and the purchase of Annuity Units in the other Subaccount. Transfers will be effected for the last NYSE business day of the month in which We receive Your request for the transfer. TRANSFERS OF ACCUMULATION AND ANNUITY UNITS TO AND FROM THE FIXED ACCOUNT 13 Prior to the Annuity Date, You may transfer all or any part of Your Certificate Value from the Subaccount(s) to any Fixed Account Option(s) other than the DCA Fixed Account Options or from the Fixed Account Option(s) to the Subaccount(s) of the Contract. After the Annuity Date, transfers into or out of the Fixed Account Option(s)...
Examples of DISTRIBUTION EXPENSE in a sentence
FINISHED PRODUCT DISTRIBUTION EXPENSE (FPDE) Variable and Fixed A *** accrual of Net Sales to be reconciled and adjusted to actual on an annual basis.
DISTRIBUTION EXPENSE CHARGE - We deduct a Distribution Expense Charge equal, on an annual basis, to the amount shown on the Contract Schedule.
DISTRIBUTION EXPENSE CHARGE: Equal on an annual basis to [0.15%] of the average daily net assets of the Variable Account.
FINISHED PRODUCT DISTRIBUTION EXPENSE (FPDE) Variable and Fixed A [**] accrual of Net Sales to be reconciled and adjusted to actual on an annual basis.
DISTRIBUTION EXPENSE CHARGE: None TRANSFERS PERMITTED: [During the Accumulation Period, subject to terms of the contract, there are no limits on the number of transfers that can be made.
More Definitions of DISTRIBUTION EXPENSE
DISTRIBUTION EXPENSE means the following direct and indirect costs (as determined in accordance with GAAP), to the extent specifically attributable to the Products: [*].
DISTRIBUTION EXPENSE. CHARGE On an annual basis this charge, as shown on the Certificate Data Page, equals a percentage of the average daily total net asset value of the Variable Portfolios to which Your Purchase Payments are allocated. This charge is to compensate Us for all distribution expenses associated with the Certificate. GUARANTEED DEATH BENEFIT RISK CHARGE On an annual basis this charge, as shown on the Certificate Data Page, equals a percentage of the average daily total net asset value of the Variable Portfolios to which Your Purchase Payments are allocated. This charge is to compensate Us for the risk assumed as a result of contractual obligations to provide a minimum guaranteed Death Benefit prior to the Annuity Date.
DISTRIBUTION EXPENSE. CHARGE: None