Common use of Agent Compensation Clause in Contracts

Agent Compensation. Provided Agent is in compliance with all terms of this Agreement and all applicable laws and licensing requirements, Agent shall be compensated according to the Commission Schedules and Ultimate Builder Multi-Pay System in Agent’s back office. Some or all of Agent’s commissions may be paid directly by an Insurance Company and not FEG. It is the Agent’s responsibility to regularly check the FEG Products and Points Multipliers Schedule as insurance companies periodically adjust commissions and total payouts.

Agent Compensation. Provided Agent is in compliance with all terms of this Agreement and all applicable laws and licensing requirements, Agent shall be compensated according to the Commission Schedules and Ultimate Builder Multi-Pay System in Agent’s back office. Some or all of Agent’s commissions may be paid directly by an Insurance Company and not FEGIFP. It is the Agent’s responsibility to regularly check the FEG IFP Products and Points Multipliers Schedule as insurance companies periodically adjust commissions and total payouts.