Common use of NO COMPENSATION PAYABLE Clause in Contracts

NO COMPENSATION PAYABLE. Notwithstanding the foregoing, no compensation shall be payable, and any compensation already paid by AGNY hereunder shall either be promptly returned by check payable to AGNY on request or will be deducted by AGNY from future payments due under this Schedule C, under each of the following conditions: (a) if AGNY, in its sole discretion, determines not to issue the Contract applied for or rescinds the Contract; (b) if the Contract owner returns the Contract pursuant to the "Free Look" provision of the Contract; (c) if a Purchase Payment is received within 60 days following a prior partial withdrawal, and such Purchase Payment is reasonably believed to be a reinvestment of part or all of the prior partial withdrawal; (d) if AGNY refunds all or any portion of the Purchase Payment as a result of a complaint or grievance; (e) if the Contract owner, at the time the Contract is purchased, is (i) an employee or registered representative (or the spouse or minor child of an employee or registered representative) of any broker-dealer authorized to sell the Contracts, or (ii) is an officer, director, or bona-fide employee of AGNY, AGSI, or any of their company affiliates, or DISTRIBUTOR; provided, however, that the owner shall have completed, at the time the Contract is purchased, appropriate documents supplied by AGNY which provide for a waiver of all surrender charges; or (f) if AGNY or AGSI determines that any Sales Person signing an application or any person or entity receiving compensation for soliciting purchases of the Contracts is not duly licensed to sell the Contracts in the state or jurisdiction of such attempted sale and registered or otherwise qualified under the 1934 Act and rules thereunder and any applicable state laws and rules governing broker-dealers and their related persons. In addition, if AGNY determines that any Contract applied for is a replacement of any insurance or annuity product issued by AGNY or any of its affiliates, AGNY reserves the right not to pay any compensation and to require the return of any compensation already paid.

NO COMPENSATION PAYABLE. Notwithstanding the foregoing, no No compensation shall be payable, and any compensation already paid by AGNY hereunder paid, shall either be promptly returned by check payable retured to AGNY LNCESC on request or will be deducted by AGNY from future payments due under this Schedule C, under each of the following conditions: (a) if AGNYIf Insurance Company or LNCESC, in its sole discretion, determines determine not to issue the Contract Contracts applied for or rescinds the Contract;for, (b) if If a Contract is discontinued within the Contract owner returns twelve (12) month period following the Contract pursuant to the "Free Look" provision effective date of the Contract;, (c) if a Purchase Payment is received within 60 days following a prior partial withdrawalIf Insurance Company or LNCESC refunds any Contributions deposited by the Contractholder or Participant, and which Insurance Company or LNCESC will do by check directly to such Purchase Payment is reasonably believed to be a reinvestment person or entity, upon the exercise of part or all of the prior partial withdrawal;any applicable "free look" period, (d) if AGNY If Insurance Company or LNCESC refunds all any Contributions deposited by the Contractholder or Participant as a result of an error in the amount contributed, (e) If Insurance Company or LNCESC refunds any portion of Contributions deposited by the Purchase Payment Applicant, Contractholder or Participant as a result of a complaint by such person or grievance; (e) if the Contract ownerentity, at the time the Contract is purchasedwhich Insurance Company or LNCESC will do by direct check, is (i) an employee recognizing that Insurance Company or registered representative (or the spouse or minor child of an employee or registered representative) of any broker-dealer authorized LNCESC has sole discretion to sell the Contractsrefund such Contributions, or (ii) is an officer, director, or bona-fide employee of AGNY, AGSI, or any of their company affiliates, or DISTRIBUTOR; provided, however, that the owner shall have completed, at the time the Contract is purchased, appropriate documents supplied by AGNY which provide for a waiver of all surrender charges; or (f) if AGNY If Insurance Company or AGSI LNCESC determines that any Sales Person person signing an application or any person or entity receiving compensation for soliciting purchases of the Contracts is not duly licensed to sell the Contracts in the state or jurisdiction of such attempted sale and registered or otherwise qualified under the 1934 Act and rules thereunder and any applicable state laws and rules governing broker-dealers and their related persons. In addition, if AGNY determines that any Contract applied for is a replacement of any insurance or annuity product issued by AGNY or any of its affiliates, AGNY reserves the right not to pay any compensation and to require the return of any compensation already paidsale.

NO COMPENSATION PAYABLE. Notwithstanding the foregoing, no compensation shall be payable, and any compensation already paid by AGNY USL hereunder shall either be promptly returned by check payable to AGNY USL on request or will be deducted by AGNY USL from future payments due under this Schedule C, under each of the following conditions: (a) if AGNYUSL, in its sole discretion, determines not to issue the Contract Certificate applied for or rescinds the ContractCertificate; (b) if the Contract Certificate owner returns the Contract Certificate pursuant to the "Free Look" provision of the ContractCertificate; (c) if a Purchase Payment is received within 60 days following a prior partial withdrawal, and such Purchase Payment is reasonably believed to be a reinvestment of part or all of the prior partial withdrawal; (d) if AGNY USL refunds all or any portion of the Purchase Payment as a result of a complaint or grievance; (e) if the Contract Certificate owner, at the time the Contract Certificate is purchased, is (i) an employee or registered representative (or the spouse or minor child of an employee or registered representative) of any broker-dealer authorized to sell the ContractsCertificates, or (ii) is an officer, director, or bona-fide employee of AGNYUSL, AGSI, or any of their company affiliates, or DISTRIBUTOR; provided, however, that the owner shall have completed, at the time the Contract Certificate is purchased, appropriate documents supplied by AGNY USL which provide for a waiver of all surrender charges; or (f) if AGNY USL or AGSI determines that any Sales Person signing an application or any person or entity receiving compensation for soliciting purchases of the Contracts Certificates is not duly licensed to sell the Contracts Certificates in the state or jurisdiction of such attempted sale and registered or otherwise qualified under the 1934 Act and rules thereunder and any applicable state laws and rules governing broker-dealers and their related persons. In addition, if AGNY USL determines that any Contract Certificate applied for is a replacement of any insurance or annuity product issued by AGNY USL or any of its affiliates, AGNY USL reserves the right not to pay any compensation and to require the return of any compensation already paid.

NO COMPENSATION PAYABLE. Notwithstanding the foregoing, no compensation shall be payable, and any compensation already paid by AGNY AGL hereunder shall either be promptly returned by check payable to AGNY AGL on request or will be deducted by AGNY AGL from future payments due under this Schedule C, under each of the following conditions: (a) if AGNYAGL, in its sole discretion, determines not to issue the Contract applied for or rescinds the Contract; (b) if the Contract owner returns the Contract pursuant to the "Free Look" provision of the Contract; (c) if a Purchase Payment is received within 60 days following a prior partial withdrawal, and such Purchase Payment is reasonably believed to be a reinvestment of part or all of the prior partial withdrawal; (d) if AGNY AGL refunds all or any portion of the Purchase Payment as a result of a complaint or grievance; (e) if the Contract owner, at the time the Contract is purchased, is (i) an employee or registered representative (or the spouse or minor child of an employee or registered representative) of any broker-dealer authorized to sell the Contracts, or (ii) is an officer, director, or bona-fide employee of AGNYAGL, AGSI, or any of their company affiliates, or DISTRIBUTOR; provided, however, that the owner shall have completed, at the time the Contract is purchased, appropriate documents supplied by AGNY AGL which provide for a waiver of all surrender charges; or (f) if AGNY AGL or AGSI determines that any Sales Person signing an application or any person or entity receiving compensation for soliciting purchases of the Contracts is not duly licensed to sell the Contracts in the state or jurisdiction of such attempted sale and registered or otherwise qualified under the 1934 Act and rules thereunder and any applicable state laws and rules governing broker-dealers and their related persons. In addition, if AGNY AGL determines that any Contract applied for is a replacement of any insurance or annuity product issued by AGNY AGL or any of its affiliates, AGNY AGL reserves the right not to pay any compensation and to require the return of any compensation already paid.