LIFE AND ANNUITY COMMISSIONS Clause Samples

LIFE AND ANNUITY COMMISSIONS. (a) LIFE AND ANNUITY, FIRST-YEAR COMMISSIONS. First-year commissions will be paid to Career Agent on all first-year life insurance and annuity premium received and retained by the Company on issued and paid-for business produced personally by the Career Agent in accordance with the Career Agent Life and Annuity Commission Schedule in effect on the effective date of the policies to which they relate.