Common use of REPRESENTATIVE COMPENSATION Clause in Contracts

REPRESENTATIVE COMPENSATION. Subject to the provisions of Section 7 of this Agreement, commissions or other fees due all Representatives in connection with the sale of Contracts shall be paid by Insurer, on behalf of Distributor, to the persons entitled in accordance with the applicable Agency Manager Securities Sales Agreement or Agent Securities Sales Agreement (“Agent Agreements”) between such Representative and Distributor or in accordance with other agreements between other registered persons and Distributor, and as set forth in Attachment A to the Paymaster Agreement, as amended, between Insurer and Distributor and Schedule 2 hereto. The rates of such commissions or other fees may be modified at any time, but only upon the mutual agreement of Insurer and Distributor. Distributor shall assist Insurer in the payment of such amounts as Insurer shall reasonably request, provided that Distributor shall not be required to perform any acts that would subject it to registration under the insurance laws of any state. The responsibility of Distributor shall include the performance of all activities by Distributor in order that the payment of such amounts fully complies with all applicable federal and state securities laws. If Distributor determines that a person (1) signing an Application who is required to be registered or (2) receiving compensation for soliciting the purchase of a Contract, is not duly registered to sell the Contract pursuant to federal or state securities laws and rules, no compensation will be payable to any such unregistered person.