CHARGEBACK FOR ANNUITIZATION IN FIRST TWO YEARS. A commission chargeback of 50% of original commissions paid will be assessed if the Contract is annuitized in the first two Contract Years. The foregoing chargebacks shall not apply in the event of the death of the Annuitant or Owner during the periods specified above.
Appears in 2 contracts
Samples: Master Marketing and Distribution Agreement (American General Life Insurance Co Separate Account D), Master Marketing and Distribution Agreement (American General Life Insurance Co Separate Account D)
CHARGEBACK FOR ANNUITIZATION IN FIRST TWO YEARS. A commission chargeback of 50% of original commissions paid will be assessed if the Contract is annuitized in the first two Contract Years. Such commission chargeback is not applicable to trail commissions. The foregoing chargebacks shall not apply in the event of the death of the Annuitant or Owner during the periods specified above.
Appears in 2 contracts
Samples: Master Marketing and Distribution Agreement (American General Life Insurance Co Separate Account D), Master Marketing and Distribution Agreement (American General Life Insurance Co Separate Account D)
