Common use of Support Fee Clause in Contracts

Support Fee. The following language shall be added to Paragraph 2 of Schedule 3.2 of the Selling Agreement: For PrimElite II Products sold on or after December 7, 2007, the Support Fee shall equal: a. an amount paid to Distributor within the first thirty (30) days following the commencement of the 5th contract year equal to the Daily Average Assets over the first four (4) contract years (i.e. the sum of the daily total net assets (as measured at the close of each business day) in the separate accounts of PrimElite II Products for the first four (4) contract years divided by the total number of days in the first four (4) contract years): (i) multiplied by the Applicable Rate; and then (ii) multiplied by 4. b. amounts paid to Distributor on a monthly basis within thirty (30) days of the end of each month, calculated by: (i) multiplying the Daily Average of Assets within a given month, for all abovementioned contracts in the 5th contract year and beyond: (i) multiplied by the Applicable Rate; then (ii) multiplied by the total number of calendar days within the given month; and then (iii) divided by the total number of calendar days in the years.