PROHIBITION AGAINST REBATES. If Broker-Dealer or any Representative of Broker-Dealer shall rebate or offer to rebate all or any part of a Payment on a policy or contract or certificate issued by GIAC, or if Broker-Dealer or any Representative of Broker-Dealer shall withhold any Payment on any policy or contract or certificate issued by GIAC, the same may be grounds for termination of this Agreement by GIAC. If Broker-Dealer or any Representative of Broker-Dealer shall at any time induce or endeavor to induce any owner of any policy or contract issued hereunder or any certificate holder to discontinue Payments or to relinquish any such policy or contract or certificate except under circumstances where there is reasonable grounds for believing the policy, contract or certificate is not suitable for such person, any and all compensation due Broker-Dealer hereunder shall cease and terminate.
Appears in 10 contracts
Samples: Broker Dealer Supervisory and Service Agreement (Guardian Separate Account R), Broker Dealer Supervisory and Service Agreement (Guardian Separate Account R), Broker Dealer Supervisory and Service Agreement (Guardian Separate Account E)
