RIGHT TO DISCONTINUE OR CHANGE Sample Clauses

RIGHT TO DISCONTINUE OR CHANGE. It is understood and agreed by the parties that PacificSource reserves the right, at any time, to discontinue the issuance of any Medicare Advantage contract, to revise any Medicare Advantage contract, to change the premium rate on any Medicare Advantage contract, or to change the rate or payment basis of any commissions payable to the Producer on one or more contracts or policies, except that a change in rate of commissions will become effective only after notice of such change has been mailed to the Producer and at the most recent address shown in the records of PacificSource.
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RIGHT TO DISCONTINUE OR CHANGE. The Broker/Agent understands and agrees that at all times the Company has the right to discontinue issuing any contract form, to change the rate or payment basis of the commission payable to the Broker/Agent on one or more contract forms, except that a change of commission rates will not take effect until notice of the change has been delivered to the Broker/Agent, and to discontinue offering any contract form for sale by the Broker/Agent upon immediate notice.

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