CHANGE OF DEALER. A Contract Owner shall have the right to designate a new marketing organization, or terminate a marketing organization without designating a replacement, by sending written notice of such designation or termination to SBL. Upon written notice to SBL by the owner of the designation of a new marketing organization, all the commissions and asset-based commissions shall be payable to the new marketing organization. Upon written notice to SBL by the Contract Owner of termination of Marketing Organization, without designating a new marketing organization, SBL shall cease paying commissions and asset based commissions to Marketing Organization.
Appears in 11 contracts
Samples: Marketing Organization Agreement (SBL Variable Annuity Account Xiv), Marketing Organization Agreement (SBL Variable Annuity Account Xiv), Commission Schedule (SBL Variable Annuity Account Xiv)
CHANGE OF DEALER. A Contract Owner shall have the right to designate a new marketing organization, or terminate a marketing organization without designating a replacement, by sending written notice of such designation or termination to SBL. Upon written notice to SBL by the owner of the designation of a new marketing organization, all the commissions and asset-based commissions shall be payable to the new marketing organization. Upon written notice to SBL by the Contract Owner of termination of Marketing Organization, without designating a new marketing organization, SBL shall cease paying commissions and asset asset-based commissions to Marketing Organization.
Appears in 2 contracts
Samples: Marketing Organization Agreement (Variflex Ls), Marketing Organization Agreement (SBL Variable Annuity Account Xiv)
CHANGE OF DEALER. A Contract Owner shall have the right to designate a new marketing organization, or terminate a marketing organization without designating a replacement, by sending written notice of such designation or termination to SBL. Upon written notice to SBL by the owner Contract Owner of the designation of a new marketing organization, all the commissions and asset-based commissions shall be payable to the new marketing organization. Upon written notice to SBL by the Contract Owner of termination of Marketing Organization, without designating a new marketing organization, SBL shall cease paying commissions and asset based commissions to Marketing Organization.
Appears in 1 contract
Samples: Commission Schedule (SBL Variable Annuity Account Xiv)
CHANGE OF DEALER. A Contract Owner shall have the right to designate a new marketing organization, or terminate a marketing organization without designating a replacement, by sending written notice of such designation or termination to SBL. Upon written notice to SBL by the owner Contract Owner of the designation of a new marketing organization, all the any commissions and or asset-based commissions shall be payable to the new marketing organization. Upon written notice to SBL by the Contract Owner of termination of Marketing Organization, without designating a new marketing organization, SBL shall cease paying any commissions and asset based commissions or other compensation to Marketing Organization.
Appears in 1 contract
Samples: Marketing Organization Agreement (SBL Variable Annuity Account Xiv)
