COMMISSION ADJUSTMENT. A. The provisional commission allowed the Company shall be adjusted in accordance with the provisions set forth herein. The adjusted commission rate shall be calculated as follows and be applied to Net Premiums Earned:
COMMISSION ADJUSTMENT. On the fifth (5th) anniversary of the Effective Date of this Agreement, upon the written request of either Party, the Parties shall negotiate in good faith an adjustment to the commission to take into account changes in market conditions, operating conditions or costs, including overhead costs, inflation or other factors; provided, however, that in the event the Parties are unable to agree to any such adjustments within thirty (30) days following commencement of such negotiations, no adjustment to the commission will be made.
COMMISSION ADJUSTMENT. A. 1. The final ceding commission shall be determined by the loss experience under this Agreement. The Company will calculate an adjusted ceding commission for the Underwriting Period within 14 months following the inception of the Underwriting Period based on premiums earned and losses incurred. The provisional ceding commission will be adjusted between the parties as appropriate. Adjustments for the Underwriting Period continue to be made annually until all losses ascribed to the Underwriting Period have been paid or closed, at which time the ceding commission will become final. For purposes of this calculation, no upward adjustment will be made until 26 months following the inception of the Underwriting Period.
COMMISSION ADJUSTMENT. A. 1. The final ceding commission shall be determined by the loss experience under this Agreement for each Adjustment Period (as defined in Article 10). There shall be provisional adjustments and a final adjustment for each Adjustment Period, all in accordance with the other paragraphs of this Article.
COMMISSION ADJUSTMENT. A. The provisional commission allowed the Company shall be adjusted periodically for each underwriting year in accordance with the provisions set forth herein. The adjusted commission rate shall be calculated as follows and be applied to premiums earned for the underwriting year under consideration:
COMMISSION ADJUSTMENT. Any upline distributors affected by the returns of products to Hylife will have to make adjustment by conforming to commission, income from line and bonus account, personal balance, etc, depending on the commission and the bonus paid for the returned products.
COMMISSION ADJUSTMENT. Provisional Commission paid pursuant to Section 21(a) herein shall be adjusted so that the adjusted commission ("Adjusted Commission") paid under this Agreement will equal one hundred percent (100%) percent of ceded commission paid to the Company from its reinsurers as if the Company had reinsured 100% of the insured risk under the Policies under a quota share reinsurance agreement having the same terms and conditions (except for the Company's risk retention) as the actual quota share reinsurance agreement ("Quota Share treaty") reinsuring the insured risk under the Policies, less the Company's retained fee equal to five percent (5%), less the retained tax Allowance. The General Agent will receive adjusted commission with respect to l00% of Net Written Premium. The Company shall remit any amount by which the Adjusted Commission exceeds the commission paid to the General Agent, within thirty (30) days after the Company's actual receipt of its adjusted ceding commission remittance from its reinsurers pursuant to the terms of the Quota Share Treaty. If the Company determines that (i) the commission paid to the General Agent exceeded the actual amount of the Adjusted Commission to which the General Agent was entitled, the General Agent shall pay the excess amount to the Company within five (5) business days after demand. If the ceding commission under the Quota Share Treaty is modified after the date hereof the General Agency shall continue to receive one hundred percent (100%) of the modified ceding commission, as modified above.
COMMISSION ADJUSTMENT. A. The provisional commission allowed the Company shall be adjusted in accordance with the provisions set forth herein for each Accounting Period as hereinafter defined. The adjusted commission rate shall be calculated as follows and be applied to Net Premiums Earned for the Accounting Period under consideration: Effective: December 31, 2013 DOC: May 22, 2014 U4VT0008 (Tokio Millenn) 1 of 4 Endorsement No. 2 Effective: December 31, 2013
COMMISSION ADJUSTMENT. This Article shall apply only to Section C Business.
COMMISSION ADJUSTMENT. This Article shall apply to only Section C of the Retention and Limit Article.
