Common use of 1035 Exchanges Clause in Contracts

1035 Exchanges. Lincoln National and AFD each agree not to seek or encourage exchanges between the Policies and either any non-Lincoln National policy or other Lincoln National policy. Both parties will give their respective "best efforts" to discourage such exchanges. The payment of compensation in connection with such an exchange will not be a violation of this agreement; however, either Party may, if necessary, cause commissions not to be paid on exchanges of this type that do occur.

Appears in 5 contracts

Samples: The Principal Underwriting Agreement (Lincoln National Flexible Premium Life Account J), Principal Underwriting Agreement (Lincoln National Flexible Premium Variable Life Account F), The Principal Underwriting Agreement (Lincoln National Flexible Premium Variable Life Account F)

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1035 Exchanges. Lincoln National and AFD each agree not to seek or encourage exchanges between the Policies Contracts and either any non-Lincoln National policy contract or other Lincoln National policycontract. Both parties will give their respective "best efforts" to discourage such exchanges. The payment of compensation in connection with such an exchange will not be a violation of this agreement; however, either Party may, if necessary, cause commissions not to be paid on exchanges of this type that do occur.

Appears in 2 contracts

Samples: Principal Underwriting Agreement (Lincoln National Variable Annuity Account H), Principal Underwriting Agreement (Lincoln National Variable Annuity Account H)

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