Common use of Limitations on Compensation Clause in Contracts

Limitations on Compensation. The compensation provided in Section 7.1 above shall constitute compensation in full for all services to be performed by the General Agent hereunder. No compensation or reimbursement of any kind shall be due and payable to the General Agent pursuant to this Agreement except as expressly set forth in Exhibit A, as the same may be amended from time to time as above provided. Except as provided in Equitable's Policies and Procedures, no compensation or reimbursement of any kind otherwise due and payable hereunder in respect of any Contract shall be due and payable unless and until all Premiums then due and payable to Equitable pursuant to such Contract have been received and accepted by Equitable. No compensation will be due and payable hereunder in respect of any Application rejected by Equitable or any Contract for which the free look right has been exercised, except as otherwise provided to the contrary in Exhibit A attached hereto, and the General Agent shall promptly reimburse Equitable for the amount of any compensation previously paid to the General Agent in connection therewith.

Appears in 2 contracts

Samples: General Agent Sales Agreement (Equitable Life Assurance Society of the United States /Ny/), General Agent Sales Agreement (Separate Account a of Equitable Life Assu Soc of the Us)

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Limitations on Compensation. The compensation provided in Section 7.1 above shall constitute compensation in full for all services to be performed by the General Agent hereunder. No compensation or reimbursement of any kind shall be due and payable to the General Agent pursuant to this Agreement except as expressly set forth in Exhibit A, as the same may be amended from time to time as above provided. Except as provided in EquitableMONY Life's Policies and Procedures, no compensation or reimbursement of any kind otherwise due and payable hereunder in respect of any Contract shall be due and payable unless and until all Premiums then due and payable to Equitable MONY Life pursuant to such Contract have been received and accepted by EquitableMONY Life. No compensation will be due and payable hereunder in respect of any Application rejected by Equitable MONY Life or any Contract for which the free look right has been exercised, except as otherwise provided to the contrary in Exhibit A attached hereto, and the General Agent shall promptly reimburse Equitable MONY Life for the amount of any compensation previously paid to the General Agent in connection therewith.

Appears in 1 contract

Samples: General Agent Sales Agreement (Mony Variable Account L)

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Limitations on Compensation. The compensation provided in Section 7.1 above shall constitute compensation in full for all services to be performed by the General Agent hereunder. No compensation or reimbursement of any kind shall be due and payable to the General Agent pursuant to this Agreement except as expressly set forth in Exhibit A, as the same may be amended from time to time as above provided. Except as provided in EquitableMONY America's Policies and Procedures, no compensation or reimbursement of any kind otherwise due and payable hereunder in respect of any Contract shall be due and payable unless and until all Premiums then due and payable to Equitable MONY America pursuant to such Contract have been received and accepted by EquitableMONY America. No compensation will be due and payable hereunder in respect of any Application rejected by Equitable MONY America or any Contract for which the free look right has been exercised, except as otherwise provided to the contrary in Exhibit A attached hereto, and the General Agent shall promptly reimburse Equitable MONY America for the amount of any compensation previously paid to the General Agent in connection therewith.

Appears in 1 contract

Samples: General Agent Sales Agreement (Mony America Variable Account L)

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