Common use of Compensation Payable to Agent Clause in Contracts

Compensation Payable to Agent. UnitedHealthcare will compensate Agent for Agent’s services during the term of this Agreement in accordance with the terms and conditions set forth in any applicable commission, bonus or other compensation schedule or information (as determined solely by UnitedHealthcare) that may be made available by UnitedHealthcare from time to time. Notwithstanding anything to the contrary contained in this Agreement or any such compensation schedule or information, UnitedHealthcare will not compensate Agent under the terms of this Agreement, except with respect to all Enrolling Units (regardless of the effective date of coverage by UnitedHealthcare) for which (a) Agent is the Agent of Record, (b) Agent continues to service the Enrolling Unit (regardless of whether the writing agent is affiliated with Agent), and (c) UnitedHealthcare determines, in its sole discretion, that it may legally compensate Agent. Notwithstanding anything to the contrary in this Agreement, no compensation will be paid on any Enrolling Unit where the Agent is not receiving base commissions. In addition, UnitedHealthcare will not pay, nor shall Agent accept, any compensation on any Enrolling Unit where the Agent receives compensation directly from the Enrolling Unit or is otherwise acting as a consultant for the Enrolling Unit, unless UnitedHealthcare first receives a written consent, in a form acceptable to UnitedHealthcare, from the Enrolling Unit authorizing UnitedHealthcare to compensate the Agent on such Enrolling Unit; provided, however in no instance will UnitedHealthcare pay, nor shall Agent accept, any compensation on any Enrolling Unit that is a Governmental Entity, where the Agent receives compensation directly from the Governmental Entity or is otherwise acting as a consultant of the Government Entity.

Appears in 13 contracts

Samples: Agent/Agency Agreement, Agent/Agency Agreement, Agent/Agency Agreement

AutoNDA by SimpleDocs

Compensation Payable to Agent. UnitedHealthcare will compensate Agent for Agent’s services during the term of this Agreement in accordance with the terms and conditions set forth in any applicable commission, bonus or other compensation schedule or information (as determined solely by UnitedHealthcare) that may be made available by UnitedHealthcare from time to time. Notwithstanding anything to the contrary contained in this Agreement or any such compensation schedule or information, UnitedHealthcare will not compensate Agent under the terms of this Agreement, except with respect to all Enrolling Units (regardless of the effective date of coverage by UnitedHealthcare) for which (a) Agent is the Agent of Record, (b) Agent continues to service the Enrolling Unit (regardless of whether the writing agent is affiliated with Agent), and (c) UnitedHealthcare determines, in its sole discretion, that it may legally compensate Agent. Notwithstanding anything to the contrary in this Agreement, no compensation will be paid on any Enrolling Unit where the Agent is not receiving base commissions. In addition, UnitedHealthcare will not pay, nor shall Agent accept, any compensation on any Enrolling Unit where the Agent receives compensation directly from the Enrolling Unit or is otherwise acting as a consultant for the Enrolling Unit, unless UnitedHealthcare first receives a written consent, in a form acceptable to UnitedHealthcare, from the Enrolling Unit authorizing UnitedHealthcare to compensate the Agent on such Enrolling Unit; provided, however in no instance will UnitedHealthcare pay, nor shall Agent accept, any compensation on any Enrolling Unit that is a Governmental Entity, where the Agent receives compensation directly from the Governmental Entity or is otherwise acting as a consultant of the Government Entity. Payment. UnitedHealthcare will compensate Agent monthly; provided, however, that UnitedHealthcare will only compensate Agent with respect to any particular Enrolling Unit within 60 days after UnitedHealthcare receives payment of that Enrolling Unit's monthly contract charges. Commissions on Hold. UnitedHealthcare may, at its discretion, place compensation of Agent on hold, if based on Agent’s information on file with UnitedHealthcare, Agent no longer complies with the terms of this Agreement. Agent agrees to forfeit any compensation placed on hold, if the cause of such hold has not been resolved within six (6) months of the hold’s effective date, as indicated on a hold notification letter or commissions statement.

Appears in 3 contracts

Samples: Agency Agreement, Agency Agreement, Agency Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.