Common use of FINANCIAL SERVICE PRODUCTS Clause in Contracts

FINANCIAL SERVICE PRODUCTS. Subject to the terms and conditions of this Agreement, NASL Financial will pay to Promotional Agent compensation of 1% of the premiums, purchase payments and sales proceeds received and accepted under all Financial Services Products distributed through Broker-Dealers having a Selling Agreement with NASL Financial as a direct result of Promotional Agent's efforts (the "Promotional Agent Fee"). NASL Financial shall pay Promotional Agent said compensation on a monthly basis. In addition, for the period January 1, 1996 through June 30, 1996, NASL Financial will pay to Promotional Agent a monthly fee of $1.5 million and for the period July 1, 1996 through December 31, 1996, NASL Financial will pay to Promotional Agent a monthly fee of $1.340 million. The monthly fee is payable on the first of each month and the amount of such fee may be changed by mutual agreement of the parties hereto.

FINANCIAL SERVICE PRODUCTS. Subject to the terms and conditions of this Agreement, NASL Financial will pay to Promotional Agent compensation of 1% of the premiums, purchase payments and sales proceeds received and accepted under all Financial Services Products distributed through Broker-Dealers having a Selling Agreement with NASL Financial as a direct result of Promotional Agent's efforts (the "Promotional Agent Fee"). NASL Financial shall pay Promotional Agent said compensation on a monthly basis. In addition, for the period January 1, 1996 1997 through June 30, 19961997, NASL Financial will pay to Promotional Agent a monthly fee of $1.5 1.6 million and for the period July 1, 1996 1997 through December 31, 19961997, NASL Financial will pay to Promotional Agent a monthly fee of $1.340 1.35 million. .. The monthly fee is payable on the first of each month and the amount of such fee may be changed by mutual agreement of the parties heretothereto.