Common use of Normal Termination Clause in Contracts

Normal Termination. This Agreement shall continue for an indefinite term, subject to the termination by either party upon written notice to the other parties hereto, which shall be effective upon receipt thereof. In addition, Insurer may terminate this Agreement without notice if Broker/Dealer fails to satisfy the Insurer's production requirements, as determined in the sole discretion of the Insurer.

Appears in 5 contracts

Samples: Selling Agreement (Variable Separate Account Nine), Selling Agreement (Variable Annuity Account One of First Sunamerica Life Ins Co), Selling Agreement (Fs Variable Annuity Account Five)

AutoNDA by SimpleDocs

Normal Termination. This Agreement shall continue for an indefinite term, subject to the termination by either party upon written notice to the other parties hereto, which shall be effective upon thirty (30) days following receipt thereof. In addition, Insurer may terminate this Agreement without notice if Broker/Dealer fails to satisfy the Insurer's production requirements, as determined in the sole discretion of the Insurer.

Appears in 1 contract

Samples: Selling Agreement (Variable Separate Account of Anchor National Life Insur Co)

AutoNDA by SimpleDocs

Normal Termination. This Agreement shall continue for an indefinite term, subject to the termination by either party upon written notice to the other parties hereto, which shall be effective upon receipt thereof. In addition, Insurer may terminate this Agreement without notice if Broker/Dealer fails to satisfy the Insurer's production requirements, as determined in the sole discretion of the Insurer.

Appears in 1 contract

Samples: Selling Agreement (Variable Annuity Account Seven)

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