For INVESTMENT PRODUCTS Sample Clauses

For INVESTMENT PRODUCTS the REWRITTEN BUSINESS WINDOW is 3 months prior to and 3 months after the issue date of a New Product or a deposit into an Existing contract. RULES FOR MONEY COMING INTO A NEW LIFE POLICY --------------------------------------------- PERMANENT TO PERMANENT / TERM TO TERM / PERMANENT TO TERM LIFE -------------------------------------------------------------- FULL FIRST-YEAR COMMISSIONS will be paid on the part of the New premium in the New Product that exceeds the premium level of the Old Product.
Sample 1Sample 2
AutoNDA by SimpleDocs
For INVESTMENT PRODUCTS the REWRITTEN BUSINESS WINDOW is 3 months prior to and 3 months after the issue date of a New Product or a deposit into an Existing contract. RULES FOR MONEY COMING INTO A NEW LIFE POLICY PERMANENT TO PERMANENT / TERM TO TERM / PERMANENT TO TERM LIFE FULL FIRST-YEAR COMMISSIONS will be paid on the part of the New premium in the New Product that exceeds the premium level of the Old Product. - PARTIAL FIRST-YEAR COMMISSIONS will be paid on premium dollars in the New Product up to the premium level of the Old Product. The partial commission payable will be determined based on the age of the old policy being rewritten. This applies to "roll-overs" directly into the Cash Value and Paid-Up Riders. Please refer to the table below. PERCENT OF NORMAL FYC --------------------- YEARS OLD POLICY HAS UP TO OLD PREMIUM ABOVE OLD PREMIUM BEEN IN-FORCE LEVEL (1) LEVEL ------------- --------- ----- Less Than 5 0% 100% 5 but less than 6 25% 100% 6 but less than 7 30% 100% 7 but less than 8 35% 100% 8 but less than 9 40% 100% 9 but less than 10 45% 100% 10 or more 50% 100% (1) Also applies to old money rolled over into an accumulation fund (e.g, Excess Premium), or whole life riders (e.g, VABR). - FOR EXISTING TERM INSURANCE SOLD AFTER 01/01/2001. When existing term insurance that was sold AFTER 01/01/2001 is replaced by a new term policy, the "UP TO Old Premium Level" percentages in the table above would be doubled. - PREMIUM DOUBLING RULE. Should the New Policy base premium at least double that of the Old Policy base premium AND the Old Policy is at least 5 years old, full commission will be paid on all premium dollars related to the base premium of the New Policy. Any Old Money rolled over into an accumulation fund (e.g, Excess Premium), or whole life riders (e.g, VABR) will be commissioned based on the above table. - NORMAL RENEWALS will be paid based on published schedules of renewals for the New Policy being written. - A PERSISTENCY ADJUSTMENT will apply to offset the "lapse" of the Old Product that is being rewritten under the Traditional Life Persistency (TLP) arrangement. This adjustment will apply if the Old Product being rewritten is a traditional life policy, has been in force for 5 years or more, and the commissions on the New Product are adjusted under the Rewritten Business Rules. - No Commissions are paid for "SAVING" cases. - TERM INSURANCE receives the "Percent of Normal FYC" scale if rewritten, unless it is in the last 2 years of the level premium guarante...
Sample 1

Related to For INVESTMENT PRODUCTS

  • Acquisition for Investment The Purchaser is a “non-US person” as defined in Regulation S, acquiring the Shares solely for the its own account for the purpose of investment and not with a view to or for sale in connection with a distribution to anyone. 投资目的。购买人是符合规则S下定义的“非美国主体”，购买此合同下的股票仅出于其个人的投资目的，不是为了向其他人分销。

  • Purchase for Investment Each Purchaser severally represents that it is purchasing the Notes for its own account or for one or more separate accounts maintained by such Purchaser or for the account of one or more pension or trust funds and not with a view to the distribution thereof, provided that the disposition of such Purchaser’s or their property shall at all times be within such Purchaser’s or their control. Each Purchaser understands that the Notes have not been registered under the Securities Act and may be resold only if registered pursuant to the provisions of the Securities Act or if an exemption from registration is available, except under circumstances where neither such registration nor such an exemption is required by law, and that the Company is not required to register the Notes.

  • PRODUCTS MANUFACTURED IN PUBLIC INSTITUTIONS Bids offering Products that are manufactured or produced in public institutions will be rejected.

  • Preference for domestically manufactured goods The provisions of paragraphs 2.54 and 2.55 of the Guidelines and Appendix 2 thereto shall apply to goods manufactured in the territory of the Borrower.

  • Combination Products If a LICENSED PRODUCT is sold to any third party in combination with other products, devices, components or materials that are capable of being sold separately and are not subject to royalties hereunder (“OTHER PRODUCTS,” with the combination of products being referred to as “COMBINATION PRODUCTS” and the Other Product and Licensed Product in such Combination Product being referred to as the “COMPONENTS”), the NET SALES of such LICENSED PRODUCT included in such COMBINATION PRODUCT shall be calculated by multiplying the NET SALES of the COMBINATION PRODUCT by the fraction A/(A+B), where A is the average NET SALES price of such LICENSED PRODUCT in the relevant country, as sold separately, and B is the total average NET SALES price of all OTHER PRODUCTS in the COMBINATION PRODUCT in the relevant country, as sold separately. If, in any country, any COMPONENT is not sold separately, NET SALES for royalty determination shall be determined by the formula [C / (C+D)], where C is the aggregate average fully absorbed cost of the Licensed Product components during the prior Royalty Period and D is the aggregate average fully absorbed cost of the other essential functional components during the prior Royalty Period, with such costs being determined in accordance with generally accepted accounting principles. To the extent that any SUBLICENSE INCOME relates to a COMBINATION PRODUCT or is otherwise calculated based on the value of one or more licenses or intellectual property rights held by the COMPANY, an AFFILIATE or SUBLICENSEE, COMPANY shall determine in good faith and report to THE PARTIES the share of such payments reasonably attributable to COMPANY’s or such AFFILIATE’s sublicense of the rights granted hereunder, based upon their relative importance and proprietary protection, which portion shall be the SUBLICENSE INCOME. THE PARTIES shall have the right to dispute such sharing determination in accordance with the dispute provisions of the AGREEMENT.

  • Licensed Products Lessee will obtain no title to Licensed Products which will at all times remain the property of the owner of the Licensed Products. A license from the owner may be required and it is Lessee's responsibility to obtain any required license before the use of the Licensed Products. Lessee agrees to treat the Licensed Products as confidential information of the owner, to observe all copyright restrictions, and not to reproduce or sell the Licensed Products.

  • Investment Promotion 1. Each Contracting Party shall promote investments in its territory by investors of the other Contracting Party and admit such investments in accordance with its legislation. 2. In particular, each Contracting Party shall permit the conclusion and the carrying out of licensing agreements and contracts for commercial, administrative or technical assistance, in so far as these activities were related to investments.

  • Other Products If you ask, we will provide you with information on any other home equity products we offer.

  • Use of Recycled Products Consultant shall prepare and submit all reports, written studies and other printed material on recycled paper to the extent it is available at equal or less cost than virgin paper.

  • New Products You agree to comply with NASD Notice to Members 5-26 recommending best practices for reviewing new products.

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