Common use of Normal Termination Clause in Contracts

Normal Termination. This Agreement shall continue for an indefinite term, subject to the termination by either party upon written notice to the other parties hereto, which shall be effective upon receipt thereof. In addition, Insurer may terminate this Agreement without notice if Broker/Dealer fails to satisfy the Insurer's production requirements, as determined in the sole discretion of the Insurer.

Appears in 5 contracts

Samples: Selling Agreement (Variable Separate Account Nine), Selling Agreement (Variable Separate Account of Anchor National Life Insur Co), Selling Agreement (Fs Variable Annuity Account Five)

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Normal Termination. This Agreement shall continue for an indefinite term, subject to the termination by either party upon written notice to the other parties hereto, which shall be effective upon thirty (30) days following receipt thereof. In addition, Insurer may terminate this Agreement without notice if Broker/Dealer fails to satisfy the Insurer's production requirements, as determined in the sole discretion of the Insurer.

Appears in 1 contract

Samples: Selling Agreement (Variable Separate Account of Anchor National Life Insur Co)

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Normal Termination. This Agreement shall continue for an indefinite term, subject to the termination by either party upon written notice to the other parties hereto, which shall be effective upon receipt thereof. In addition, Insurer may terminate this Agreement without notice if Broker/Dealer fails to satisfy the Insurer's production requirements, as determined in the sole discretion of the Insurer.

Appears in 1 contract

Samples: Selling Agreement (Variable Annuity Account Seven)

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