NONPERSISTENT BUSINESS Clause Samples

NONPERSISTENT BUSINESS. Override commissions paid to a DA on business that subsequently becomes nonpersistent shall be charged back to the DA to whom the selling RR/Agent was designated at the time the sale to which the chargeback applies was made and shall be 30% of the amounts charged back to the selling RR/Agent.
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NONPERSISTENT BUSINESS. Chargebacks of paid commissions and granted PC will be made for nonpersistent business - investment plans and accounts which are not actually established, which are established but not funded, or which are canceled, lapsed, discontinued, liquidated, or to which the investor fails to continue payments for any cause whatsoever (except the death of the investor) - and will be computed as follows:
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NONPERSISTENT BUSINESS. Chargebacks of paid commissions and granted PC will be made for nonpersistent business--policies and riders which are not issued, issued but not taken, canceled, lapsed, or otherwise terminated for whatever reason (excluding the death of the insured). In the event of a policy cancellation involving a refund of all premiums paid, the selling Agent will incur a 100% PC and commission chargeback. In the event of a cancellation not involving a refund of all premiums paid, no PC or commission chargeback will be made if the cancellation occurs after 25 monthly premiums have been paid. However, cancellations not involving a refund of all premiums paid but occurring before 25 premium payments have been made will result in a chargeback, computed as follows:
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Related to NONPERSISTENT BUSINESS

  • Control of Other Party’s Business Nothing contained in this Agreement shall give the Company, directly or indirectly, the right to control or direct Parent's operations prior to the Effective Time. Nothing contained in this Agreement shall give Parent, directly or indirectly, the right to control or direct the Company's operations prior to the Effective Time. Prior to the Effective Time, each of the Company and Parent shall exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its respective operations.

  • Product NYISO will provide Energy Resource Interconnection Service and Capacity Resource Interconnection Service to Developer at the Point of Interconnection.

  • No Control of the Other Party’s Business The Parties acknowledge and agree that the restrictions set forth in this Agreement are not intended to give Parent or Merger Sub, on the one hand, or the Company, on the other hand, directly or indirectly, the right to control or direct the business or operations of the other at any time prior to the Effective Time. Prior to the Effective Time, each of Parent and the Company will exercise, consistent with the terms, conditions and restrictions of this Agreement, complete control and supervision over their own business and operations.

  • No Control of Other Party’s Business Nothing contained in this Agreement shall give Parent, directly or indirectly, the right to control or direct the Company’s or its Subsidiaries’ operations prior to the Effective Time, and nothing contained in this Agreement shall give the Company, directly or indirectly, the right to control or direct Parent’s or its Subsidiaries’ operations prior to the Effective Time. Prior to the Effective Time, each of the Company and Parent shall exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its and its Subsidiaries’ respective operations.

  • Disruption 41.1 The Contractor shall take reasonable care to ensure that in the performance of its obligations under the Framework Agreement it does not disrupt the operations of the Authority, its employees or any other Contractor employed by the Authority. 41.2 The Contractor shall immediately inform the Authority of any actual or potential industrial action, whether such action be by their own employees or others, which affects or might affect its ability at any time to perform its obligations under the Framework Agreement. 41.3 In the event of industrial action by the Staff, the Contractor shall seek Approval to its proposals to continue to perform its obligations under the Framework Agreement. 41.4 If the Contractor’s proposals referred to in clause 41.3 are considered insufficient or unacceptable by the Authority acting reasonably, then the Authority may by notice terminate the Framework Agreement with immediate effect.