Commission Payments Sample Clauses
POPULAR SAMPLE Copied 8 times
Commission Payments. A. Broker/Dealer shall be entitled to receive from the Insurer a commission based upon premiums received and accepted by the Insurer for Contracts issued pursuant to this Agreement, based on the applicable rate of commission set forth in the Commission Schedule attached hereto as Exhibit 1 which is incorporated herein by reference. Broker/Dealer shall be solely responsible for the payment of any commission or consideration of any kind to Subagents.
B. In no event shall the Insurer be liable for the payment of any commissions with respect to any solicitation made, in whole or in part, by any person not appropriately licensed and, if required, appointed by Insurer prior to the commencement of such solicitation.
C. If a Contract is returned to the Insurer pursuant to the "Free Look" provision or any other right to examine provision of the Contract, the full commission paid by the Insurer will be unearned and shall be returned to the Insurer upon demand or, in the absence of such demand, charged back to the recipient of the commission.
D. In no event shall Insurer incur obligations under this Agreement to issue any Contracts or pay any commission in connection therewith if the Contract owner is over the maximum issue age with respect to that product when the Contract application was accepted. With respect to such Contracts, the full commission paid by the Insurer will be unearned and shall be returned to the Insurer upon demand or, in the absence of such demand, charged back to the recipient of the commission.
E. With respect to any Contract that is rescinded, as determined by the Insurer in its sole discretion (other than a rescission with respect to which a surrender charge applies), or if the Insurer otherwise determines that a commission has not been earned (but such determination may not contravene any other provision of this Agreement), 100% of such unearned commission will be returned to the Insurer upon demand or, in the absence of such demand, charged back to the recipient of the commission.
F. Compensation for the sale of any Contract which is renewed, changed, exchanged or otherwise converted from any other contract issued by the Insurer shall be paid according to the Insurer's guidelines and practices.
G. With respect to any Contract, or group of Contracts which the Insurer in its sole discretion deems to be a single case, and with respect to which at the time of application submission the initial purchase payment is greater than $1,500,000, the In...
Commission Payments. The Transfer Agent will calculate and process all commission payments in accordance with each Fund's current prospectus.
Commission Payments. A. Broker/Dealer shall be entitled to receive a commission based upon purchase payments received and accepted by Insurer for Contracts issued pursuant to this Agreement. Such commission shall be equal to the amount of the applicable rate of commission set forth in the Commission Schedule attached hereto as Exhibit 1 hereto which is incorporated herein by reference and may be amended or supplemented from time to time. Insurer reserves the right to offer additional commissions from time to time, which will be communicated to Broker/Dealer by Insurer and/or Distributor.
B. Commissions payable to Broker/Dealer shall be paid by Insurer on behalf of Distributor, consistent with applicable SEC requirements. In conformance with FINRA Notice to Members 84-48, Broker/Dealer waives payment of the commission from Distributor until Distributor is in receipt of the commission.
C. In no event shall Insurer or Distributor be liable for the payment of any commissions with respect to any solicitation made, in whole or in part, by any person not in compliance with state and federal licensing, registration and appointment requirements. Under no circumstances shall Insurer be liable for the payment of any commissions with respect to any solicitation which occurred, in whole or in part, in a jurisdiction where the Contract was not approved for sale.
D. If a Contract is returned to Insurer pursuant to the "Free Look" provision or any other right to examine provision of the Contract, the full commission paid to Broker/Dealer will be unearned and shall be returned to the Insurer upon demand or, in the absence of such demand, charged back to the recipient of the commission.
E. Insurer and Distributor shall not be obligated for the payment of commissions for a Contract if it is determined by Insurer, based on a good faith review of the facts and circumstances and discussion with the Broker/Dealer, that Contract would not have been issued except for a misrepresentation or omission by Broker/Dealer or any Subproducer, even if such Contract is not rescinded. In this instance, 100% of the commission paid on that Contract will be considered unearned and will be returned to the Insurer upon demand or, in the absence of such demand, charged back to the recipient of the commission.
F. In no event shall Insurer incur obligations under this Agreement to issue any Contracts, provide benefits under any features offered by any Contracts or pay any commission in connection therewith if the Contra...
Commission Payments. We normally receive commission of up to 33% dependant on the insurance product sold, of the total annual premium, from Insurers and Underwriters for our insurance broking services. We also receive a commission, expressed as a percentage of your loan from the premium finance provider used to fund your policy. We may also receive commission from other companies whose products and/or services we provide. This remuneration will be calculated on a percentage determined by the agreement between the external company and us. We remunerate our employees using a combination of fixed and variable rewards that are designed to ensure they always act in customer’s bests interests. All employees receive a base salary. Remuneration packages are based on various performance indicators that demonstrate high levels of customer service and monthly Quality Assurance requirements set for their individual roles. We hold your premium (payments or refunds) in an account as agents of the insurer. It is considered as being held by the insurer whilst in this account – this is known as ‘Risk Transfer’. Whilst in this account, your money cannot be used for any other purpose other than paying the insurers or any brokers through whom we have arranged your insurance, or in the case of premium refunds, returning the money to you. Any interest that we may earn on the account is retained by us. We will always ensure that any information you provide to us is treated as private and confidential by us. For further information about how we handle your data when you have a policy with us, please refer to our Fair Processing Notice for full details.
Commission Payments. HCC shall pay HCC Travel Agent Commissions in the travel agent's local currency or the currency requested by the travel agency. HCC shall be responsible for complying with laws and regulations relating to the treatment of unclaimed property (sometimes referred to as "escheatment" laws) resulting from checks issued to travel agents under this Agreement. The parties will jointly establish mutually acceptable procedures to be implemented by HCC in order to comply with such laws and regulations. The parties will meet to establish such procedures by no later than thirty (30) days after the effective date, and will cooperate and work diligently with one another in order to finalize same as promptly as practical.
Commission Payments. HCC shall pay HCC Travel Agent Commissions in the travel agent's local currency or the currency requested by the travel agency.
Commission Payments a) Subject to the terms of this Agreement and the terms of any applicable Affiliate Platform, Commission Fees will be calculated according to the specified percentage or dollar amount set forth in the commission report in your Affiliate Dashboard for each Qualified Purchase that accrues during the period for which such Commission Fees are being calculated.
b) Commission Fees will be processed approximately forty-five (45) to seventy (70) days after the last day of the month in which they accrue, unless you use an Affiliate Platform in which case they will be processed in accordance with your agreement with the applicable Affiliate Platform.
c) Provider will only compensate you for Qualified Purchases made in accordance with the terms of this Agreement.
d) Commission Fees shall be paid based on the current information in your Affiliate Dashboard. You are required to notify the Affiliate Platform promptly of any change in your address by updating your profile information in the Affiliate Dashboard. You are responsible for informing the Affiliate Platform of your desired payment form/type. You can update or change your desired payment method at any time by updating your affiliate profile located in the Affiliate Dashboard.
e) Depending on your Affiliate Platform, you may be subject to a minimum or maximum payment amount. All such minimum and maximum payment amounts are governed by your agreement with the Affiliate Platform.
f) You may view the currently available payment methods by logging into your Affiliate Dashboard for the applicable Affiliate Platform. If the Affiliate Platform offers PayPal as a payment method, please refer to PayPal’s policy to ensure you are eligible to receive payment if you reside outside of the United States.
g) Provider and the Affiliate Platform, in its sole discretion, reserves the right to modify the available payment methods or payment schedule at any time. Such changes shall take effect when posted.
Commission Payments. Chase will calculate and process all commission payments in accordance with each Fund's current prospectus.
Commission Payments. In addition to the payments under the preceding paragraph, As an alternative to the payments under the preceding paragraph, [Insert Name of Employee] may receive commission payments in lieu of regular compensation for any particular pay. [Insert Name of Employer] will make commission payments to [Insert Name of Employee] based on [Insert Commission Basis]. This commission will be paid monthly on the [Insert Day of the Month] day of the following month.
Commission Payments. (a) SLK shall charge each of Brokers customers the commission, markup and any other charge or expense that Broker directs it to charge for each transaction. If specific instructions are not received with respect to a specific transaction in the time period required by SLK to implement same, SLK shall charge the customer the commission, markup or other charge or expense prescribed in the basic commission schedule delivered to SLK by Broker. Such basic schedule may be amended from time to time by Broker by written instructions delivered to SLK; provided, however, that such changes shall be implemented only to the extent they are within the usual capabilities of SLK's data processing and operations systems and only within such reasonable time limitations as SLK may deem necessary to avoid disruption of its normal operating capabilities. For purposes of confirmation preparation, Broker will also furnish from time to time the source and amount of any commission or other payment received by Broker in connection with transactions in the customers' accounts.
(b) Commissions charged Broker's customers shall be collected by SLK and credited to Broker, after deducting SLK's compensation referred to in Paragraph 10 (and any other amount owed to SLK pursuant to this Agreement). Such commissions shall be credited to the Account or a monthly basis, on the fifth business day after the final settlement date of the month. *** Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions.