Common use of FEE PAYMENTS Clause in Contracts

FEE PAYMENTS. Fee Payments by Ceding Company to Reinsurer. ------------------------------------------- The Ceding Company will pay to the Reinsurer the product of 1) times 2), where: 1) equals 0.000375; and 2) equals the quota share of the average Account Value in the Variable Separate Accounts of annuities reinsured hereunder. Average Account Value is equal to one-half the sum of the Account Value reinsured hereunder at the beginning of the current Accounting Period and the Account Value reinsured hereunder at the end of the current Accounting Period;