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2) If this contract should terminate after it has
been in effect for one (1) vesting year, * * *
commissions will be credited for the same number
of years after termination as the number of full
vesting years this contract has been in effect,
except as provided below. If this contract is in
effect for a period of five (5) full vesting
years, commissions will be credited for ten (10)
years. If this contract remains in effect for ten
(10) full vesting years, the commissions will be
vested for life.
3) If you do not submit an acceptable application for
a period of six (6) consecutive weeks without
written permission from IMA, your vesting period
will end at the time of the last accepted
application before the six-week period. If this
contract was not terminated and you submit new
acceptable applications after six weeks, the time
period for vesting purposes begins new at the date
you submit your first acceptable application after
the six-week period.
4) If this contract is terminated for any reason and
you are reinstated or a new contract is executed,
a new vesting period will begin under the above
terms after the reinstatement or new contract is
executed. Credit will not be given for previous
time accumulated under a terminated contract or
before reinstatement.
5) You will forfeit all vesting of commission if you
violate the provisions of this contract concerning
competing with IMA in the health and life
insurance business during or after termination of
this contract.
6) No renewal commission is payable if such renewal
commission is less than $100.00 in any one month.
After such time there will be no additional
commission payable and no further statement of
account will be furnished.
ADVANCE COMMISSION
IMA will provide an advance commission on business
written by you under the following terms and
conditions:
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Last modified: May 25, 2011