Common use of New Products Clause in Contracts

New Products. Distributor may propose and PL & A may issue additional or successor products, in which event Broker/Dealer will be informed of the new product and its related Compensation Schedule. If Broker/Dealer does not agree to distribute such new product(s), it must notify PL & A in writing within 30 days of receipt of the Compensation Schedule for such new product(s). If Broker/Dealer does not indicate disapproval of the new product(s) or the terms contained in its related Compensation Schedule, Broker/Dealer will be deemed to have thereby agreed (a) to distribute such new product(s) and agreed to its related Compensation Schedule, which shall be attached to and made a part of this Agreement as an amendment or addendum to the Compensation Schedule or as a new Compensation Schedule hereto, and (b) to the amendment of Exhibits A and B to this Agreement to name such new product(s) and to identify where their offer and sale has been approved. Pacific Life & Annuity Company Selling Agreement

Appears in 4 contracts

Samples: Annuity Company Variable Contract Selling Agreement (Separate Account a of Pacific Life & Annuity Co), Annuity Company Variable Contract Selling Agreement (Separate Account a of Pacific Life & Annuity Co), Annuity Company Variable Contract Selling Agreement (Separate Account a of Pacific Life & Annuity Co)

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New Products. Distributor may propose and PL & A PL&A may issue additional or successor products, in which event Broker/Dealer will be informed of the new product and its related Compensation Schedule. If Broker/Dealer does not agree to distribute such new product(s), it must notify PL & A PL&A in writing within 30 days of receipt of the Compensation Schedule for such new product(s). If Broker/Dealer does not indicate disapproval of the new product(s) or the terms contained in its related Compensation Schedule, Broker/Dealer will be deemed to have thereby agreed (a) to distribute such new product(s) and agreed to its related Compensation Schedule, which shall be attached to and made a part of this Agreement as an amendment or addendum to the Compensation applicable Schedule D, or as a new Compensation Schedule D hereto, and (b) to the amendment of Exhibits Schedules A and B to this Agreement to name such new product(s) and to identify where their offer and sale has been approved. Pacific Life & Annuity Company Selling Agreement.

Appears in 3 contracts

Samples: Contract Selling Agreement (Pacific Select Exec Separate Account of Pacific Life & Annui), Annuity Company Variable Contract Selling Agreement (Pacific Select Exec Separate Acct of Pm Gp Life Insurance Co), Contract Selling Agreement (Pacific Select Exec Separate Account of Pacific Life & Annui)

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New Products. Distributor may propose and PL & A PM Group [PLA] may issue additional or successor products, in which event Broker/Dealer will be informed of the new product and its related Compensation Schedule. If Broker/Dealer does not agree to distribute such new product(s), it must notify PL & A PM Group [PLA] in writing within 30 days of receipt of the Compensation Schedule for such new product(s). If Broker/Dealer does not indicate disapproval of the new product(s) or the terms contained in its related Compensation Schedule, Broker/Dealer will be deemed to have thereby agreed (a) to distribute such new product(s) and agreed to its related Compensation Schedule, which shall be attached to and made a part of this Agreement as an amendment or addendum to the Compensation applicable Schedule D, or as a new Compensation Schedule D hereto, and (b) to the amendment of Exhibits Schedules A and B to this Agreement to name such new product(s) and to identify where their offer and sale has been approved. Pacific Life & Annuity Company Selling Agreement.

Appears in 1 contract

Samples: Contract Selling Agreement (Separate Account a of Pm Group Life Insurance Co)

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