New Products. Distributor may propose and Pacific Life 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 Pacific Life 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.
Appears in 7 contracts
Samples: Pacific Life Insurance Company Variable Contract Selling Agreement (Separate Account a of Pacific Life Insurance Co), Pacific Life Insurance Company Variable Contract Selling Agreement (Pacific Select Variable Ann Sep Acct of Pacific Life Ins Co), Pacific Life Insurance Company Variable Contract Selling Agreement (Separate Account a of Pacific Life Insurance Co)
