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MetLife intends to pay Supplemental Compensation on a monthly basis in the month after premium is received by MetLife. Supplemental Compensation shall be earned by the broker only so long as MetLife deems the premium to be Received and Earned Premium, and provided MetLife and the customer continue to recognize the broker as the Broker of Record. The broker shall immediately return to MetLife any overpayment of Supplemental Compensation the broker receives from MetLife. Any Supplemental Compensation paid to a broker that is not earned by the broker shall be immediately returned to MetLife and MetLife reserves the right to offset any funds payable by a broker to MetLife against any funds payable by MetLife to the broker. By cashing any check from MetLife or otherwise accepting any payment from MetLife, including any Supplemental Compensation payment, the broker thereby agrees that MetLife may offset any funds payable by MetLife to the broker in order to recover an overpayment or any other funds payable by the broker to MetLife.  In instances where multiple payee codes exist for a single Tax ID, MetLife will require a duly authorized representative of the broker to designate in writing a primary payee. When a primary payee is designated, it will remain in effect until MetLife receives and approves a written change request. No Supplemental Compensation payments shall be made in advance of when they are due under the Supplemental Compensation Plan.
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