Selling Broker-Dealers. The Product Distributor agrees that it has sole responsibility for compensating Selling Broker-Dealers for their provision of Sales Services or Investor Services covered by this Agreement and that neither GEID, nor the Company, have any obligation to compensate Selling Broker-Dealers in any manner. Product Distributor shall not pay a Selling Broker-Dealer compensation for providing the Personal Services component of Investor Services under this Agreement in any fiscal year of the Company in excess of an amount equal to 0.25% of the average daily net assets of a Fund attributable to the Class 3 Shares supporting Contracts or Policies owned by customers of that Selling Broker-Dealer.
Appears in 14 contracts
Samples: Agreement (Separate Account a of Pacific Life & Annuity Co), Agreement (Separate Account a of Pacific Life & Annuity Co), Agreement (Separate Account a of Pacific Life Insurance Co)
Selling Broker-Dealers. The Product Distributor agrees that it has sole responsibility for compensating Selling Broker-Dealers for their provision of Sales Selling Services or Investor Services covered by this Agreement and that neither GEID, nor the Company, have any obligation to compensate Selling Broker-Dealers in any manner. Product Distributor shall not pay a Selling Broker-Dealer compensation for providing the Personal Services component of Investor Services under this Agreement in any fiscal year of the Company in excess of an amount equal to 0.25% of the average daily net assets of a Fund attributable to the Class 3 Shares supporting Contracts or Policies owned by customers of that Selling Broker-Dealer.
Appears in 6 contracts
Samples: Fund Marketing and Investor Service Agreement (Separate Account a of Pacific Life & Annuity Co), Fund Marketing and Investor Service Agreement (Separate Account a of Pacific Life & Annuity Co), Fund Marketing and Investor Service Agreement (Separate Account a of Pacific Life Insurance Co)