Common use of COMMISSION ADVANCES Clause in Contracts

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.

Appears in 9 contracts

Samples: Agent Appointment Agreement, Agent Appointment Agreement, Appointment Agreement

AutoNDA by SimpleDocs

COMMISSION ADVANCES. 1. Company agrees to provide GA/Rep with advances of on certain first year commissions (“Advances”) upon issuance of certain health life insurance Products. 2. GA/Rep may receive Advances on certain health life 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 commission payments made pursuant to the terms of the Agreement.

Appears in 5 contracts

Samples: Contracting Checklist, Agent/Agency Application for Appointment, Contracting Checklist

COMMISSION ADVANCES. 1. Company agrees to provide GA/Rep with advances of certain first year commissions (“Advances”) upon issuance of certain health Accidental Death insurance Products. 2. GA/Rep may receive Advances on certain health Accidental Death 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.

Appears in 3 contracts

Samples: Appointment Agreement, Agent Appointment Agreement, Agent Appointment Agreement

AutoNDA by SimpleDocs

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 's sole discretion. Payment of Advances will be included with regular compensation payments made pursuant to the terms of the Agreement.

Appears in 1 contract

Samples: Contract

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!