Insurance Law. Commissions and expense allowances paid by MFS pursuant to a Selling Agreement shall not exceed the amounts payable to MFS by Manulife New York hereunder with respect to the Insurance Contracts. All such compensation plans shall be on the same basis, whether commission based or fund based, as the corresponding compensation plan between Manulife New York and MFS pursuant hereto, and payments shall have the same timing and duration.
Appears in 6 contracts
Samples: Underwriting and Distribution Agreement (Manufacturers Life Insurance Co of New York Sep Account A), Underwriting and Distribution Agreement (Manufacturers Life Insurance Co of New York Sep Account B), Underwriting and Distribution Agreement (Manufacturers Life Insurance Co of New York Sep Account A)
