Assignment and Termination. This Agreement may not be assigned nor duties hereunder delegated without the signed written consent of the other party. This Agreement shall terminate automatically if it shall be assigned without such approval. This Agreement may be terminated at any time by either party hereto on 60 days' written notice to the other party hereto, without the payment of any penalty. Upon termination of this Agreement all authorizations, rights and obligations shall cease except (i) the obligation to settle accounts hereunder, including commissions on premiums subsequently received for Annuities in effect at the time of termination and (ii) the agreements contained in paragraphs 9 and 10 hereof.
Appears in 13 contracts
Samples: Principal Underwriter Agreement (Prudential Annuities Life Assurance Corp/Ct), Principal Underwriter Agreement (Prudential Annuities Life Assurance Corp/Ct), Principal Underwriter Agreement (Prudential Annuities Life Assurance Corp/Ct)
Assignment and Termination. This Agreement may not be assigned nor duties hereunder delegated without the signed written consent of the other party. This Agreement shall terminate automatically if it shall be assigned without such approval. This Agreement may be terminated at any time by either party hereto on 60 days' written notice to the other party hereto, without the payment of any penalty. Upon termination of this Agreement all authorizations, rights and obligations shall cease except (i) the obligation to settle accounts hereunder, including commissions on premiums subsequently received for Annuities in effect at the time of termination and (ii) the agreements contained in paragraphs paragraph 9 and 10 hereof.
Appears in 2 contracts
Samples: Principal Underwriter Agreement (American Skandia Life Assur Corp Var Acct B Cl 1 Sub Accts), Principal Underwriter Agreement (American Skandia Life Assurance Corp Variable Account E)
Assignment and Termination. This Agreement may not be assigned nor duties hereunder delegated without the signed written consent of the other party. This Agreement shall terminate automatically if it shall be assigned without such approval. This Agreement may be terminated at any time by either party hereto on 60 days' written notice to the other party hereto, without the payment of any penalty. Upon termination of this Agreement all authorizations, rights and obligations shall cease except (i) the obligation to settle accounts hereunder, including commissions on premiums subsequently received for Annuities Variable Life Insurance policies in effect at the time of termination and (ii) the agreements contained in paragraphs paragraph 9 and 10 hereof.
Appears in 1 contract
Samples: Principal Underwriter Agreement (American Skandia Life Assurance Corp Separate Account F)
