Common use of Agent Commissions Clause in Contracts

Agent Commissions. Agents shall have no interest in this Agreement or right to any commissions to be paid by Distributor to Broker-Dealer or General Agent. Broker-Dealer or General Agent shall be solely responsible for the payment of any commission or consideration of any kind to Agents. Broker-Dealer and General Agent shall have no right to withhold or deduct any commission from any Premium in respect of the Contract which it may collect unless and only to the extent that Distributor and Life Company agrees in writing to permit Broker-Dealer and General Agent to net its commissions against Premium collected. Broker-Dealer and General Agent shall have no interest in any compensation paid by Life Company to Distributor or any Affiliate, now or hereafter, in connection with the sale of any Contracts hereunder.

Appears in 3 contracts

Samples: Selling Agreement (Metlife Investors Variable Life Account Five), Selling Agreement (Metlife Investors Variable Life Account One), Selling Agreement (Metlife Investors Variable Life Account One)

AutoNDA by SimpleDocs

Agent Commissions. Agents shall have no interest in this Agreement or __________________ right to any commissions to be paid by Distributor to Broker-Dealer or General Agent. Broker-Dealer or General Agent shall be solely responsible for the payment of any commission or consideration of any kind to Agents. Broker-Dealer and General Agent shall have no right to withhold or deduct any commission from any Premium in respect of the Contract which it may collect unless and only to the extent that Distributor and Life Company agrees in writing to permit Broker-Dealer and General Agent to net its commissions against Premium collected. Broker-Dealer and General Agent shall have no interest in any compensation paid by Life Company to Distributor or any Affiliate, now or hereafter, in connection with the sale of any Contracts hereunder.

Appears in 2 contracts

Samples: Selling Agreement (First Metlife Investors Variable Annuity Account One), Selling Agreement (Metlife Investors Variable Annuity Account One)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.