Common use of Payment Under Compensation Schedules Clause in Contracts

Payment Under Compensation Schedules. Principal Underwriter shall pay Broker compensation for the sale of each Contract sold by Representatives of Broker as set forth in Exhibits A and B. Principal Underwriter shall identify to Broker with each such payment the name or names of the Representative(s) of Broker who solicited each Contract covered by the payment. Broker shall be responsible for issuing checks, statements or forms for tax purposes and other administrative duties connected with compensation of such Representatives. Unless otherwise agreed upon by the parties, Principal Underwriter shall have no obligation to any of the employees, agents or Representatives of Broker or Agency for the payment of any compensation. Unless otherwise provided in Exhibits A and B, compensation on the Contracts, including the commissions and fees therein, may be amended by Principal Underwriter at any time, in any manner, and without prior notice. If Broker or its Enterprise Selling Agreement 9-16 Representatives replace an existing Product issued by any of Principal Underwriter’s Affiliates in whole or in part, the compensation set forth in Exhibits A or B is inapplicable and MetLife, in its sole discretion, shall determine what, if any, commissions shall be payable in accordance with MetLife’s Rewritten Business Rules in effect at the time of such replacement.

Appears in 3 contracts

Samples: Sales Agreement (BRIGHTHOUSE LIFE INSURANCE Co), Sales Agreement (BRIGHTHOUSE LIFE INSURANCE Co OF NY), Sales Agreement (First Metlife Investors Insurance Co)

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Payment Under Compensation Schedules. Principal Underwriter shall pay Broker compensation for the sale of each Contract sold by Representatives of Broker as set forth in Exhibits A and B. Principal Underwriter shall identify to Broker with each such payment the name or names of the Representative(s) of Broker who solicited each Contract covered by the payment. Broker shall be responsible for issuing checks, statements or forms for tax purposes and other administrative duties connected with compensation of such Representatives. Unless otherwise agreed upon by the parties, Principal Underwriter shall have no obligation to any of the employees, agents or Representatives of Broker or Agency for the payment of any compensation. Unless otherwise provided in Exhibits A and B, compensation on the Contracts, including the commissions and fees therein, may be amended by Principal Underwriter at any time, in any manner, and without prior notice. If Broker or its Enterprise Selling Agreement 9-16 Representatives replace an existing Product issued by any of Principal Underwriter’s Affiliates in whole or in part, the compensation set forth in Exhibits A or B is inapplicable and MetLifePrincipal Underwriter, in its sole discretion, shall determine what, if any, commissions shall be payable in accordance with MetLifePrincipal Underwriter’s Rewritten Business Rules in effect at the time of such replacement.

Appears in 3 contracts

Samples: Sales Agreement (New England Variable Life Separate Account), Sales Agreement (Brighthouse Separate Account A), Sales Agreement (BRIGHTHOUSE LIFE INSURANCE Co OF NY)

Payment Under Compensation Schedules. Principal Underwriter MLIDC shall pay Broker ------------------------------------ compensation for the sale of each Contract sold by Representatives of Broker as set forth in Exhibits A and B. Principal Underwriter MLIDC shall identify to Broker with each such payment the name or names of the Representative(s) of Broker who solicited each Contract covered by the payment. Broker shall be responsible for issuing checks, statements or forms for tax purposes and other administrative duties connected with compensation of such Representatives. Unless otherwise agreed upon by the parties, Principal Underwriter MLIDC shall have no obligation to any of the employees, agents or Representatives of Broker or Agency for the payment of any compensation. Unless otherwise provided in Exhibits A and B, compensation on the Contracts, including the commissions and fees therein, may be amended by Principal Underwriter MLIDC at any time, in any manner, and without prior notice. If Broker or its Enterprise Selling Agreement 9-16 Representatives replace an existing Product issued by any of Principal Underwriter’s MLIDC's Affiliates in whole or in part, the compensation set forth in Exhibits A or B is inapplicable and MetLife, in its sole discretion, shall determine what, if any, commissions shall be payable in accordance with MetLife’s 's Rewritten Business Rules in effect at the time of such replacement.

Appears in 3 contracts

Samples: Sales Agreement (Metlife Investors Usa Separate Account A), Sales Agreement (First Metlife Investors Variable Annuity Account One), Sales Agreement (Metlife Investors Variable Annuity Account One)

Payment Under Compensation Schedules. Principal Underwriter MLIDC shall pay Broker ------------------------------------- compensation for the sale of each Contract sold by Representatives of Broker as set forth in Exhibits A and B. Principal Underwriter MLIDC shall identify to Broker with each such payment the name or names of the Representative(s) of Broker who solicited each Contract covered by the payment. Broker shall be responsible for issuing checks, statements or forms for tax purposes and other administrative duties connected with compensation of such Representatives. Unless otherwise agreed upon by the parties, Principal Underwriter MLIDC shall have no obligation to any of the employees, agents or Representatives of Broker or Agency for the payment of any compensation. Unless otherwise provided in Exhibits A and B, compensation on the Contracts, including the commissions and fees therein, may be amended by Principal Underwriter MLIDC at any time, in any manner, and without prior notice. If Broker or its Enterprise Selling Agreement 9-16 Representatives replace an existing Product issued by any of Principal Underwriter’s MLIDC's Affiliates in whole or in part, the compensation set forth in Exhibits A or B is inapplicable and MetLife, in its sole discretion, shall determine what, if any, commissions shall be payable in accordance with MetLife’s 's Rewritten Business Rules in effect at the time of such replacement.

Appears in 2 contracts

Samples: Sales Agreement (New England Variable Annuity Separate Account), Sales Agreement (Metlife Investors Usa Separate Account A)

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Payment Under Compensation Schedules. Principal Underwriter shall ------------------------------------- pay Broker compensation for the sale of each Contract sold by Representatives of Broker as set forth in Exhibits A and B. Principal Underwriter shall identify to Broker with each such payment the name or names of the Representative(s) of Broker who solicited each Contract covered by the payment. Broker shall be responsible for issuing checks, statements or forms for tax purposes and other administrative duties connected with compensation of such Representatives. Unless otherwise agreed upon by the parties, Principal Underwriter shall have no obligation to any of the employees, agents or Representatives of Broker or Agency for the payment of any compensation. Unless otherwise provided in Exhibits A and B, compensation on the Contracts, including the commissions and fees therein, may be amended by Principal Underwriter at any time, in any manner, and without prior notice. If Broker or its Enterprise Selling Agreement 9-16 Representatives replace an existing Product issued by any of Principal Underwriter’s 's Affiliates in whole or in part, the compensation set forth in Exhibits A or B is inapplicable and MetLifePrincipal Underwriter, in its sole discretion, shall determine what, if any, commissions shall be payable in accordance with MetLife’s Principal Underwriter's Rewritten Business Rules in effect at the time of such replacement.

Appears in 1 contract

Samples: Sales Agreement (New England Variable Life Separate Account)

Payment Under Compensation Schedules. Principal Underwriter shall ------------------------------------- pay Broker compensation for the sale of each Contract sold by Representatives of Broker as set forth in Exhibits A and B. Principal Underwriter shall identify to Broker with each such payment the name or names of the Representative(s) of Broker who solicited each Contract covered by the payment. Broker shall be responsible for issuing checks, statements or forms for tax purposes and other administrative duties connected with compensation of such Representatives. Unless otherwise agreed upon by the parties, Principal Underwriter shall have no obligation to any of the employees, agents or Representatives of Broker or Agency for the payment of any compensation. Unless otherwise provided in Exhibits A and B, compensation on the Contracts, including the commissions and fees therein, may be amended by Principal Underwriter at any time, in any manner, and without prior notice. If Broker or its Enterprise Selling Agreement 9-16 Representatives replace an existing Product issued by any of Principal Underwriter’s 's Affiliates in whole or in part, the compensation set forth in Exhibits A or B is inapplicable and MetLife, in its sole discretion, shall determine what, if any, commissions shall be payable in accordance with MetLife’s 's Rewritten Business Rules in effect at the time of such replacement.

Appears in 1 contract

Samples: Sales Agreement (Brighthouse Variable Annuity Account B)

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