PROHIBITION AGAINST REBATES. Pacific Mutual or PEN may terminate this Agreement if Selling Broker-Dealer, General Agent or any Sub-agent rebates, offers to rebate or withholds any part of any Payment on the Contracts. If Selling Broker-Dealer, General Agent or any Sub-agent of General Agent shall at any time induce or endeavor to induce any owner of any Contract issued hereunder to discontinue payments or to relinquish any such Contract, except under circumstances where there is reasonable grounds for believing the Contract is not suitable for such person, any and all compensation due General Agent hereunder shall cease and terminate.
Appears in 14 contracts
Samples: Selling Agreement (Pacific Select Exec Separate Acct Pacific Mutual Life Ins), Selling Agreement (Pacific Select Exec Separate Acct Pacific Mutual Life Ins), Selling Agreement (Pacific Select Exec Separate Acct Pacific Mutual Life Ins)
