COMMISSION ADVANCES Clause Samples

COMMISSION ADVANCES. Company may, from time to time, make such advances to Rep as may be mutually agreed upon to support Rep’s sales, marketing, and promotional activities on behalf of Company and Products, which advances will be repaid from commissions earned. Commission Charge-Back. Company shall have the absolute right to make such allowances and adjustments and to accept such returns from its customers as it deems advisable. In each such case Company shall charge back to Representative’s account any amounts previously paid or credited to it with respect to such allowances, adjustments, and returns.

COMMISSION ADVANCES. Notwithstanding Section 2(a), GWIC may, at GWIC’s sole discretion, advance Agent up to six (6) months of commissions at the request of Agent, the head of Agent’s hierarchy or as GWIC deems appropriate and then withhold commissions otherwise payable to Agent under Section 2(a) until such advances are repaid. Such advances shall not bear interest except as provided in Section 3(d)(ii). In no case will GWIC advance more than permitted by the Commission Schedule. In the event GWIC agrees to advance commission to Agent, it may in its sole discretion, cease advancing commission to Agent and continue under Section 2(a).

COMMISSION ADVANCES. 1. Company agrees to provide GA/Rep with advances on certain first year commissions (“Advances”) upon issuance of certain life insurance Products. 2. GA/Rep may receive Advances on certain life insurance Products as made available to GA/Rep from time to time. Company may make additional Products available for Advances or discontinue Advances on certain Products in its sole discretion. 3. Advances will be paid based on the Company approved advance mode and advance maximum amount per policy assigned to this Amendment. Advances will be calculated in accordance with the terms and conditions established by Company, which may be changed from time to time at Company’s sole discretion. Payment of Advances will be included with regular commission payments made pursuant to the terms of the Agreement.

COMMISSION ADVANCES. A. If the General Agent pays advanced commission to the COMPANY'S licensed agents, the COMPANY shall advance to the General Agent semi- monthly the amount of the commission that the General Agent advances to said agents for the same semi-monthly period. B. As first year premiums are received by UNITED, for policies on which advances have been made, commissions relating to that portion advanced which would otherwise be payable to the General Agent, shall be credited against such advances.

COMMISSION ADVANCES. 1. Company agrees to provide GA/Rep with advances of certain first year commissions (“Advances”) upon issuance of certain health insurance Products. 2. GA/Rep may receive Advances on certain health insurance Products as made available to GA/Rep from time to time. Advances will not be made on internal replacement business or affiliate replacement business. Company may make additional Products available for Advances or discontinue Advances on certain Products in its sole discretion. 3. Advances will be paid based on the Company approved advance mode and advance maximum amount per policy assigned to this Amendment. Advances will be calculated in accordance with the terms and conditions established by Company, which may be changed from time to time at Company’s sole discretion. Payment of Advances will be included with regular compensation payments made pursuant to the terms of the Agreement.

COMMISSION ADVANCES. Company may, from time to time, make such advances to Rep as may be mutually agreed upon to support Rep’s sales, marketing, and promotional activities on behalf of Company and Products, which advances will be repaid from commissions earned. Company agrees to make one such advance of $8,000 upon execution of this Agreement.

COMMISSION ADVANCES. The company may, at its option, from time to time advance the agent funds in the form of loans against future commissions. These loans shall be deducted from any commissions paid to the agent for any completed retail sales and / or retail leases.

COMMISSION ADVANCES. In exchange for the promises and other consideration in this Agreement, the receipt and sufficiency of which is hereby acknowledged, the Company waives and releases any and all claims relating to or arising from the repayment by Employee of $38,729 in advance commission payments made to Employee.

COMMISSION ADVANCES. Not request or receive any funds from any insurance carrier representing an advance on any commission relating to any insurance policy.