Duration and Termination of the Agreement. (a) This Agreement shall become effective with respect to the Contracts as of the date first written above, and shall continue in full force and effect until termination or expiration. This Agreement may be amended at any time by mutual agreement of the parties hereto. (b) This Agreement may be terminated at any time for any reason by either party upon 60 days' written notice to the other party, without payment of any penalty. This Agreement may be terminated immediately at the option of either party to this Agreement upon the other party's material breach of any provision of this Agreement, unless such breach has been cured within 10 days after receipt of notice from the non-breaching party of such breach. (c) This Agreement shall automatically terminate in the event of its assignment. (The term "assigned" shall not include any transaction exempted from Section 15(b)(2) of the 1940 Act).
Appears in 9 contracts
Samples: Distribution Agreement (Travelers Insurance Co), Distribution Agreement (Travelers Separate Account Five for Variable Annuities), Distribution Agreement (Travelers Separate Account Six for Variable Annuities)
