Compensation and Expense. The last sentence of Section 6(b) is hereby deleted in its entirety and the following sentence is substituted in lieu thereof: “In consideration of the Administrative Services and performance of all other obligations under this Agreement by the Company, ACIM will pay the Company a fee (the “Administrative Services Fee”) equal to 25 basis points (0.25%) per annum of the average aggregate amount invested by the Company under this Agreement.”
Appears in 3 contracts
Sources: Shareholder Services Agreement (Guardian Separate Acct N of the Guardian Ins & Annuity Co), Shareholder Services Agreement (Guardian Separate Acct N of the Guardian Ins & Annuity Co), Shareholder Services Agreement (Guardian Separate Acct N of the Guardian Ins & Annuity Co)
Compensation and Expense. The last sentence of Section 6(b) is hereby deleted in its entirety and the following sentence is substituted in lieu thereof: “In consideration of the Administrative Services and performance of all other obligations under this Agreement by the Company, ACIM will pay the Company a fee (the “Administrative Services Fee”) equal to 25 basis points (0.25( %) per annum of the average aggregate amount invested by the Company under this Agreement.”
Appears in 1 contract
Sources: Shareholder Services Agreement (Guardian Separate Acct N of the Guardian Ins & Annuity Co)