Financial Advisor compensation Sample Clauses

Financial Advisor compensation. Your Financial Advisor will be paid the following sales commissions and service fees by the Program Manager in connection with the establishment and maintenance of your account: Fee Structure A – Except as described in the next two paragraphs, your Financial Advisor will be paid a sales commission on each new contribution equal to the amount of the contribution multiplied by the applicable Selling Compensation indicated in the third column of the table on page [45]. Your Financial Advisor will also be paid an ongoing servicing fee calculated at an annual rate of 0.25% of the average daily net assets in your account which remain invested in Fee Structure A. Your Financial Advisor will not receive any sales commission on contributions under Fee Structure A to the (i) State Street U.S. Government Money Market 529 Investment Option; (ii) Bank Savings Static Investment Option; (iii) Age- Based Index Conservative Age 17-18 Investment Option; and (iv) Age-Based Index Conservative Age 19+ Investment Option. However, if you transfer funds contributed under Fee Structure A from the State Street U.S. Government Money Market 529 Investment Option, Bank Savings Static Investment Option, Age-Based Index Conservative Age 17-18 Investment Option, or Age-Based Index Conservative Age 19+ Investment Option to an Investment Option in the Plan other than one of these four Investment Options, then your Financial Advisor will receive a sales commission. Your Financial Advisor will not receive the sales commission on any contributions for which the initial sales charge has been waived or which are not subject to an initial sales charge. All such sales commissions will be paid out of the initial sales charge imposed on Class A Units. Fee Structure C – Your Financial Advisor will be paid a 0.50% sales commission on each new contribution plus, beginning in the 13th month after a contribution is made, an ongoing servicing fee calculated at an annual rate of 0.50% of the average daily net assets in your account which remain invested in Fee Structure C. The Program Manager will pay the sales commission out of its own resources. Fee Structure C-1 – Your Financial Advisor was paid a 1.00% sales commission on each new contribution which was made prior to December 4, 2020, plus, beginning in the 13th month after a contribution is made, an ongoing servicing fee calculated at an annual rate of 1.00% of the average daily net assets in your account which remain invested in Fee Structure C-1.
Sample 1
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Financial Advisor compensation. The Company intends to engage a registered broker-dealer to serve as its financial advisor (the “Financial Advisor”), for the sale of the Units and compensate such Financial Advisor for its services in acting a financial advisor in connection with this Offering by paying an advisory fee of $75,000 to the Financial Advisor, in addition to the Financial Advisor’s reasonable expenses incurred in connection with the Offering, upon the closing of the Offering. If the Offering is completed, the Financial Advisor shall have a right of first refusal for a period of 48 months from the final Closing Date to serve as the Company’s agent on any subsequent financing transaction, including public or private offerings of equity or debt securities, excluding commercial bank financing arrangements and grants from federal, state or local government entities. If the Financial Advisor fails to accept such offer within five (5) business days after the mailing of a notice containing such offer by registered mail addressed to them, then the Financial Advisor shall have no further claim or right with respect to the financing proposal contained in such notice. If, however, the terms of such proposal are subsequently modified in any material respect, the preferential right referred to herein shall apply to such modified proposal as if the original proposal had not been made. The failure of the Financial Advisor to exercise its preferential right with respect to any particular proposal shall not affect its preferential rights relative to future proposals. Our Financial Advisor, Meyerx Xxxxciates, LP beneficially owns an aggregate of 1,200,000 shares of the Company’s common stock immediately prior to the Offering.
Sample 1

Related to Financial Advisor compensation

  • DEALER-MANAGER COMPENSATION (i) Subject to the discounts and other special circumstances described in or otherwise provided in the “Plan of Distribution” section of the Prospectus or this Section 3(d) and Section 3(c), the Company agrees to pay the Dealer Manager selling commissions (“Selling Commissions”) in the amount of seven percent (7.0%) of the selling price of each Primary Share for which a sale is completed. Alternatively, if a particular Soliciting Dealer elects to receive Selling Commissions equal to seven and one-half percent (7.5%) in accordance with the Soliciting Dealers Agreement, subject to Section 3(c), then, with respect to the applicable sale, the Company agrees to pay the Dealer Manager Selling Commissions in the amount of seven and one-half percent (7.5%) of the selling price of each Primary Share for which a sale is completed, two and one-half percent (2.5%) of which Selling Commissions shall be payable at the time of such sale and one percent (1%) of which shall be paid on each anniversary of the closing of such sale up to and including the fifth anniversary of the closing of such sale. No Selling Commissions will be paid for sales of DRP Shares, and Selling Commissions may be reduced or eliminated on certain sales of Shares, including the reduction or elimination of Selling Commissions in accordance with, and on the terms set forth in, the Prospectus. The Dealer Manager will reallow all the Selling Commissions, subject to federal and state securities laws, to the Soliciting Dealer who sold the Primary Shares, as described more fully in the Soliciting Dealers Agreement. In no event shall the Dealer Manager be entitled to payment of any compensation in connection with a sale pursuant to the Offering that is not completed according to this Agreement; provided, however, that the reimbursement of out-of-pocket accountable expenses actually incurred by the Dealer Manager or Person associated with the Dealer Manager shall not be presumed to be unfair or unreasonable and shall be payable under normal circumstances.

  • Affiliate Compensation Except as set forth above in this Section 3.7, the Company shall not pay any Initial Stockholder or any of their affiliates any fees or compensation from the Company, for services rendered to the Company prior to, or in connection with, the consummation of a Business Combination; provided that the Initial Stockholders shall be entitled to reimbursement from the Company for their reasonable out-of-pocket expenses incurred in connection with seeking and consummating a Business Combination.

  • Management Fees and Compensation No Credit Party shall, and no Credit Party shall permit any of its Subsidiaries to, pay any management, consulting or similar fees to any Affiliate of any Credit Party or to any officer, director or employee of any Credit Party or any Affiliate of any Credit Party except:

  • Management Compensation As compensation for your services in the management of the offering, we will pay you an amount equal to the management fee specified in the Invitation in respect of the Securities to be purchased by us pursuant to the Purchase Agreement, and we authorize you to charge our account with such amount. If there is more than one Representative, such compensation shall be divided among the Representatives in such proportions as they may determine.

  • Servicer Compensation The Servicer shall withdraw its Servicing Fee for each Mortgage Loan net of any Month End Interest payable pursuant to Section 7.6.1 from the related Custodial P&I Account prior to the remittance of such amounts to the Certificate Account with all other payments received with respect to the Mortgage Loans.

  • Consulting Compensation In consideration for the services to be provided by the Consultant pursuant to Section 1, above, the Consultant shall be compensated as follows:

  • Fees and Compensation Managers and Officers may receive such compensation and fees, if any, for their services, and such reimbursement for expenses, as may be determined by resolution of the Board.

  • Separation Compensation In exchange for your agreement to the general release and waiver of claims and covenant not to sue set forth below and your other promises herein, the Company agrees to provide you with the following:

  • Stock Compensation The Executive shall be eligible to receive stock-based compensation, whether stock options, stock appreciation rights, restricted stock grants or otherwise, under the Parent’s Amended and Restated 2004 Long Term Incentive Plan or other stock-based compensation plans as Parent may establish from time to time (collectively, the “Plans”). The Executive shall be considered for such grants no less often than annually as part of the Board’s annual compensation review, but any such grants shall be at the sole discretion of the Board.

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