Common use of COMPENSATION AND COSTS Clause in Contracts

COMPENSATION AND COSTS. The Insurer on behalf of Underwriter shall pay commissions pursuant to the Insurer's fee schedule to those Distributors and Distributor Representatives who sell Contracts under agreements entered into pursuant to Section 2 "Sale of Contracts." Underwriter shall not receive any sales commissions nor shall Underwriter be compensated for any direct sales other than as provided under this Section. Insurer shall reimburse Underwriter fully and completely for all amounts paid by Underwriter to Distributors and Distributor Representatives pursuant to this Section. Insurer shall pay Underwriter for the cost to Underwriter of rendering services to Insurer under this Agreement pursuant to the terms of the Subsidiary Support Agreement dated as of January 1, 2000.

Appears in 2 contracts

Samples: Distribution Agreement (Variflex Ls), Distribution Agreement (Variflex)

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COMPENSATION AND COSTS. The Insurer on behalf of Underwriter shall pay commissions pursuant to the Insurer's ’s fee schedule to those Distributors and Distributor Representatives who sell Contracts under agreements entered into pursuant to Section 2 "Sale of Contracts." Underwriter shall not receive any other sales commissions nor shall Underwriter be compensated for any other direct sales other than as provided under this Section. Insurer shall reimburse Underwriter fully and completely for all amounts paid by Underwriter to Distributors and Distributor Representatives pursuant to this Section. Insurer shall pay Underwriter for the cost to Underwriter of rendering services to Insurer under this Agreement pursuant to the terms of the Subsidiary Support Agreement dated as of January 1, 2000.

Appears in 1 contract

Samples: Distribution Agreement (SBL Variable Annuity Account Xi)

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COMPENSATION AND COSTS. The Insurer on behalf of Underwriter shall pay commissions pursuant to the Insurer's ’s fee schedule to those Distributors and Distributor Representatives who sell Contracts under agreements entered into pursuant to Section 2 "Sale of Contracts." Underwriter shall not receive any sales commissions nor shall Underwriter be compensated for any direct sales other than as provided under this Section. Section Insurer shall reimburse Underwriter fully folly and completely for all amounts paid by Underwriter to Distributors and Distributor Representatives pursuant to this Section. Insurer shall pay Underwriter for the cost to Underwriter of rendering services to Insurer under this Agreement pursuant to the terms of the Subsidiary Support Agreement dated as of January 1, 2000.

Appears in 1 contract

Samples: Distribution Agreement (SBL Variable Annuity Account Xiv)

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