Fridays. While the lapse charge practices as described above shall apply to all lapsing MDO policies, it is understood that for such policies issued on the Modified Pro Rata First-Year Sales Commission plan which lapse in the first policy year, the pro rata first-year lapse commission charge as referred to in Article Eight of this contract will be made against the Lapse Outstanding Account of the writing Agent.
Appears in 2 contracts
Sources: Collective Bargaining Agreement, Collective Bargaining Agreement