Common use of Individual Annuity Contracts - Diversifier II Clause in Contracts

Individual Annuity Contracts - Diversifier II. A. Subject to the conditions and limitations of the Broker's Selling Agreement and this Schedule, Broker shall be paid a fee for placing or servicing a Diversifier II Individual Variable and Fixed Annuity Contract (Policy Form DV790, DI1182-V, DI783-V) issued on or before November 5, 1999 equal to 6% of any purchase payment made under such contract and a fee for placing and servicing a Diversifier II Fixed Annuity Contract (DV-790-F, DI 283-F, DI 883-F) equal to 5% of any purchase payment under such contract. If the Annuitant or Contractowner (other than a trustee of a qualified plan) is over age 81 on the date the Diversifier II contract is issued, the fee shall be limited as follows: 80% of such fee if the Annuitant or contractowner is age 82; 60% of such fee if the Annuitant or contractowner is age 83; 40% of such fee if the Annuitant or contractowner is age 84; 20% of such fee if the Annuitant or contractowner is age 85. The above reference compensation will continue to apply for Diversifier II Individual Variable and Fixed Annuity Contracts (Policy Form DV-790 (NY)) solicited in New York until such time as Penn Mutual publishes written notice to the contrary. B. Subject to the conditions and limitations of the Broker's Selling Agreement and this Schedule, Broker shall be paid a fee for placing or servicing a Diversifier II Individual Variable and Fixed Annuity Contract issued (Policy Form DV790) on or after November 8, 1999 as follows:

Individual Annuity Contracts - Diversifier II. A. Subject to the conditions and limitations of the Broker's Selling Agreement and this Schedule, Broker shall be paid a fee for placing or servicing a Diversifier II Individual Variable and Fixed Annuity Contract (Policy Form DV790, DI1182-V, DI783-V) issued on or before November 5, 1999 equal to 6% of any purchase payment made under such contract and a fee for placing and servicing a Diversifier II Fixed Annuity Contract (DV-790-F, DI 283-F, DI 883-F) equal to 5% of any purchase payment under such contract. If the Annuitant or Contractowner (other than a trustee of a qualified plan) is over age 81 on the date the Diversifier II contract is issued, the fee shall be limited as follows: 80% of such fee if the Annuitant or contractowner is age 82; 60% of such fee if the Annuitant or contractowner is age 83; 40% of such fee if the Annuitant or contractowner is age 84; 20% of such fee if the Annuitant or contractowner is age 85. The above reference referenced compensation will continue to apply for Diversifier II Individual Variable and Fixed Annuity Contracts (Policy Form DV-790 (NY)) solicited in New York until such time as Penn Mutual publishes written notice to the contrary. B. Subject to the conditions and limitations of the Broker's Selling Agreement and this Schedule, Broker shall be paid a fee for placing or servicing a Diversifier II Individual Variable and Fixed Annuity Contract issued (Policy Form DV790) on or after November 8, 1999 as follows: