Common use of Trustee Fees and Expenses Clause in Contracts

Trustee Fees and Expenses. The Annuitant shall pay to the Trustee an annual administration fee in such amounts as may be fixed by the Trustee from time to time provided that the Trustee shall give at least 30 days’ prior notice to the Annuitant of a change in the amount of such fees. The annual administration fee shall be payable upon establishment of the Fund. Thereafter, such fees shall be payable at a time and frequency to be determined by Leede and shall be either charged to the Annuitant’s account or, if the Annuitant has so instructed the Trustee in writing, billed to the Annuitant directly. Out-of-pocket expenses incurred by the Trustee and Leede, in the administration of the Annuitant’s account, such as certificate fees, postage, delivery charges, taxes, etc. shall be charged to the Annuitant’s account. If the Trustee and/or Leede makes a payment or transfer of all the assets of the Fund, other than a payment pursuant to subparagraph