Common use of Replacement Compensation Clause in Contracts

Replacement Compensation. If Broker replaces an existing MetLife Product in whole or in part, Schedule 3.1 is inapplicable and MetLife, in its sole discretion, shall determine what, if any, commissions shall be payable in accordance with MetLife’s procedures in effect at the time of the replacement. With respect to replacements of existing long‐term care insurance policies, MetLife, in its sole discretion, shall determine what, if any, commissions shall be payable in accordance with MetLife’s procedures in effect at the time of such replacement.

Replacement Compensation. If General Agent or a Broker replaces an existing MetLife Product in whole or in part, Schedule 3.1 is inapplicable and MetLife, in its sole discretion, shall determine what, if any, commissions shall be payable in accordance with MetLife’s procedures in effect at the time of the such replacement. With respect to replacements of existing long‐term care insurance policies, MetLife, in its sole discretion, shall determine what, if any, commissions shall be payable in accordance with MetLife’s procedures in effect at the time of such replacement.

Replacement Compensation. If Member General Agent or a Broker replaces an existing MetLife Product in whole or in part, Schedule 3.1 is inapplicable and MetLife, in its sole discretion, shall determine what, if any, commissions shall be payable in accordance with MetLife’s procedures in effect at the time of the such replacement. With respect to replacements of existing long‐term care insurance policies, MetLife, in its sole discretion, shall determine what, if any, commissions shall be payable in accordance with MetLife’s procedures in effect at the time of such replacement.