APPOINTMENT FEES. The Original Agreement in the last sentence of Section 5 provides that AFD will be responsible for all state insurance appointing fees and associated insurance license renewal fees incurred to enable members to sell the Policies ("appointment fees"). This sentence in Section 5 is hereby eliminated and it is agreed that Lincoln National will be responsible for any and all appointment fees as of September 1, 1997. Lincoln National will also assume the responsibility for deciding whether to pay appointment fees with respect to "non-producers." In the event Lincoln National determines to stop paying the appointment fees for any non-producer, AFD shall be given the option to pay such fees.
APPOINTMENT FEES. The Company will pay the initial and renewal fees for agent appointments by the Company of duly licensed Wholesaler Agency Affiliates and Broker-Dealers and their respective Associated Persons; provided, however, (a) that if total Aggregate Annual Sales of the Contracts, as described in Section 21.a., do not exceed $60 million during any calendar year beginning after December 31, 1997, the Wholesaler will reimburse the Company for the total amount of initial or renewal fees paid by the Company during such calendar year(s), and (b) that the Company reserves the right to refuse to pay renewal fees for Representatives not meeting such minimal sales as may be agreed upon from time to time. For purposes of (b) above, the minimal sales target for Representatives shall be $25,000 per calendar year, unless the parties hereto mutually agree on a different sales target for a calendar year. Notwithstanding Clause (a) above, in calculating the amount of agent fee reimbursements, if an agent solicited products of the Company in addition to the Contracts described in this Agreement, the reimbursement otherwise required under Clause (a) will be pro-rated, as described below: The otherwise reimbursable amount shall be multiplied by a fraction, the numerator of which is the number of Xxxxxx products covered by this Agreement on the date of determination (two as of the effective date of this Agreement) and the denominator of which is the aggregate number of products of the Company and its insurance affiliates being solicited by the agent on the date of determination.
APPOINTMENT FEES. The Company will pay the initial and renewal fees for agent appointment by the Company of duly licensed Distributor Agency Affiliates and Broker-Dealers and their respective Associated Persons, as follows:
APPOINTMENT FEES. If an AGENCY or AGENT appointment from CARRIERS is required by law or regulation, the AGENCY or AGENT shall pay for all applicable appointment fees and taxes in regard to such appointment, in any applicable state, upon acceptance of appointment by MGA.
APPOINTMENT FEES. Company shall pay, or arrange for the Product issuer to pay, the fees for Broker-Dealer's and Representative's appointment with the state insurance department.
APPOINTMENT FEES. In consideration for the Appointment:
APPOINTMENT FEES. The Company will pay the initial and renewal fees for agent appointment by the Company of duly licensed Distributor Agency Affiliates and Broker-Dealers and their respective Associated Persons; provided, however, (a) that if total annual sales of the Contracts do not exceed $20 million during any calendar year beginning after December 31, 1996, the Distributor will reimburse the Company for the total amount of initial or renewal fees paid by the Company during such calendar year(s), and (b) that the Company reserves the right to refuse to pay renewal fees for individuals not meeting such minimal sales as may be agreed upon from time to time.
APPOINTMENT FEES. All Florida statutory or administratively required Agent or Agency appointment fees will be paid by MGA, upon acceptance of appointment by MGA.
APPOINTMENT FEES. If an Agency appointment from Company is required by law or regulation, the Agency shall pay for all applicable appointment fees and taxes in regard to such appointment, in any applicable state, upon acceptance of appointment by Company.
APPOINTMENT FEES. Managers shall pay for one statutory or administratively required appointment fee and renewal of one appointment fee for Agency. Agency must pay for all appointment fees including renewal of appointments for all agents beyond the first Agent appointed for the solicitation and sale of business written pursuant to this Agreement.
