Advanced Commissions. In accordance with the then current Prospectus relating to such Class of Shares of a Fund: (i) we may advance commission payments to you from our own resources in connection with sales of those Classes of Shares for which no front-end sales charge is imposed; and (ii) if any Shares purchased in such a transaction are repurchased or redeemed during the first year after they are purchased, we shall be entitled to recover from your customers any deferred sales charge or redemption fees attributable to such Shares.
Advanced Commissions. The Selling Dealer shall receive compensation in connection with the sale of Shares of the Trust which are not subject to a front-end sales load in accordance with the provisions of Schedule C of this agreement. Such compensation may include sales commissions advanced by the Distributor in accordance with the prospectus and Schedule C. Selling Dealers and other shareholder servicing agents may also receive compensation for shareholder services as set forth in the prospectus and Schedule C.
Advanced Commissions. For each of the first three months under this Agreement beginning on the Operational Date, the Company will advance to Managing General Agent an amount to facilitate the transition to "account current" settlements with the Company. The payment for the first month will be 22.5% of the average monthly net premiums produced by the Agencies for the prior twelve (12) months. For the second and third months, advances will be based on actual net premium production of the Company's business produced by the Agencies for the preceding month. For the fourth month, no advances will be paid, and commission payments for business produced during the fourth month will be made on an "account current" basis, beginning on the 15th day of the fifth month. At that time, commissions payable on the Company's business produced during such three-month period will be calculated on an account current basis and will be netted against advances that have been made.
Advanced Commissions. In accordance with the then current Prospectus relating to such Class of Shares of a Fund: (i) Olstein may advance commission payments to Dealers from its own resources in connection with sales of those Classes of Shares for which no front-end sales charge is imposed; and (ii) if any Shares purchased in such a transaction are repurchased or redeemed during the first year after they are purchased, Olstein shall be entitled to recover from your customers any deferred sales charge or redemption fees attributable to such Shares.
Advanced Commissions. Agents who elect to receive an advance on their commissions will be paid commissions upfront for the number of months the policy advances. This is a payment made in good faith to agents where AHCP believes the sale will remain active and paying for at least the minimum term length of the policy. Agents will receive upfront NET, less administrative fees for the number of advanced months. The calculation for this commission is Commission Rate % multiplied by Commissionable Premium, multiplied again by the number of months advanced, less the admin fee. Recovery: The advanced amount, when paid, will create an off-setting debit balance that the agent will carry with them until the advanced amount has been earned over the course of the life of the policy. Each month, when commissions are received by AHCP, the agents will see commissions on their statements being accrued under ADVANCED RECOVERY. The agents will not receive any further NET commissions for this policy until the entire advanced amount has been recovered through Advance Recovery. Advance Recovery is calculated by Commission Rate % multiplied by Commissionable Premium received.
