Common use of Refund of Compensation Clause in Contracts

Refund of Compensation. Broker-Dealer agrees to repay Company the total amount of any compensation which may have been paid to it within thirty (30) business days of notice of the request for such refund should Company for any reason return any premium on a Product which was solicited by a Registered Representative of Broker-Dealer.

Appears in 3 contracts

Samples: Broker Dealer Sales and Supervision Agreement (Forethought Life Insurance Co Separate Account A), Broker Dealer Sales and Supervision Agreement (Forethought Life Insurance Co Separate Account A), Broker Dealer Sales and Supervision Agreement (Forethought Life Insurance Co Separate Account A)

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Refund of Compensation. Broker-Dealer agrees to repay Company Companies the total amount of any compensation which may have been paid to it within thirty (30) business days of notice of the request for such refund should Company Companies for any reason return any premium on a Registered Product which was solicited by a Registered Representative of Broker-Dealer.

Appears in 2 contracts

Samples: Broker Dealer Sales and Supervision Agreement (Talcott Resolution Life & Annuity Insurance Co Separate Account Seven), Broker Dealer Sales and Supervision Agreement (Hartford Life Insurance Co Separate Account 11)

Refund of Compensation. Broker-Dealer and Affiliate each agrees to repay Company the total amount of any compensation which may have been paid to it within thirty (30) business days of notice of the request for such refund should Company for any reason return any premium or purchase payment on a Product Contract which was solicited by a Registered Representative of Broker-Dealer. Company shall have the right to offset any such compensation required to be refunded against amounts otherwise payable hereunder by Company.

Appears in 1 contract

Samples: Broker Dealer Sales Agreement (Variable Annuity Account)

Refund of Compensation. November 17, 2021 Broker-Dealer Sales and Supervision Agreement 5 Broker-Dealer agrees to repay Company the total amount of any compensation which may have been paid to it within thirty (30) business days of notice of the request for such refund should Company for any reason return any premium on a Product which was solicited by a Registered Representative of Broker-Dealer.

Appears in 1 contract

Samples: Broker Dealer Sales and Supervision Agreement (Forethought Life Insurance Co)

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Refund of Compensation. Broker-Dealer and each Affiliated Agency agrees to repay Company the total amount of any compensation which may have been paid to it within thirty (30) business days of notice of the request for such refund should Company for any reason return any premium or purchase payment on a Product Contract which was solicited by a Registered Representative of Broker-Dealer. Company shall have the right to offset any such compensation required to be refunded against amounts otherwise payable hereunder by Company.

Appears in 1 contract

Samples: Variable Products Distribution Agreement (Waddell & Reed Financial Inc)

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