Ownership of Business. With respect to the ownership of business:
a. Any business that is separately owned by either Party prior to the marriage will remain as that Party’s non-marital, separate and individual property and will not be subject to division in the event the marriage is terminated. Any appreciation in the value of the business during the course of the marriage will be: (Check one) ☐ Granted to the Party that currently owns the business ☐ Shared equally by the Parties ☐ Divided between the Parties as follows: % to the First Party and % to the Second Party or as otherwise designated in a writing signed by both Parties ☐ Do not specify
b. Any business acquired by either Party or given to either Party during the marriage will be treated as marital property and jointly owned by both Parties. In the event the marriage is terminated, ownership of the business and any appreciation in the value of the jointly owned business during the course of the marriage will be: (Check one) ☐ Granted to the First Party ☐ Granted to the Second Party ☐ Shared equally by the Parties ☐ Divided between the Parties as follows: % to the First Party and % to the Second Party or as otherwise designated in a writing signed by both Parties ☐ Do not specify
Ownership of Business. All business activity participated in by Executive as an employee of Employer, and Executive's execution of his duties and responsibilities to the Xxxxxx Group and their related entities as set forth in Section 1(a), above (the "Business Activity") shall be conducted solely on behalf of Employer and their related entities. Executive shall have no right to share in any commission or fee resulting from such Business Activity, other than the compensation referred to in Section 1(b), above, and any monies due to any member of the Xxxxxx Group or their related entities as a result of Business Activity which may be collected by Executive on behalf of the Xxxxxx Group or their related entities shall be promptly paid over to of the Xxxxxx Group or their related entities, as applicable.
Ownership of Business. ASL recognizes the independent ownership by PRODUCER of the insurance business subject to the agreement.
Ownership of Business. With respect to ownership of business:
Ownership of Business. Entire Section is replaced by: In the event of termination of the Agreement for any reason except IX.a.1. and or that portion of IX.a.2. excluding "or failure to pay over to Company monies due after receipt of written demand therefor", Agent's records and use and control of expirations shall remain property of Agent: however, to the extent of any unpaid premium on an existing policy, Company shall control the records and expirations regarding the unpaid premium. XII Brokered Business Section is removed entirely. XV Records Section is removed entirely. This Addendum forms part of the Agency Agreement. All other terms and conditions of the Agency Agreement shall remain the same. In Witness Whereof, Agent and Company have caused this Addendum to be signed this _____________________ day of_______________________. For Agent by: For Company by: /s/ /s/ ------------------------- ---------------------------------- CHIEF FINANCIAL OFFICER Manager ------------------------- ---------------------------------- (Title) (Title) Agent Code No(s) 850116 850120 GA\ GENERAL Association and Franchise Branch ACCIDENT XX Xxx 000 XXXXXXXXX Xxxxxxxxxxxx XX 00000-0000 215 574.1600 000 000 0000 (FAX) ASSOCIATION & FRANCHISE BONUS COMMISSION AGREEMENT General Accident Insurance, its successors or assigns is a party to this Agreement and is severally, but not jointly referred to as the "Company". Preferred Employers Group Inc. ------------------------------ Name Xxxxx 000 0000 X.X. 000xx Xx.. X. Xxxxx XX 00000 ------------------------------------------------ Address is party to this Agreement and is referred to as the "Agent". It is agreed between the Company and the Agent that: In consideration of the special effort of the Agent to increase writings of profitable business through the production of association and or franchise business and to comply with all terms of the Agency Agreement between the Company and the Agent dated 9/1/94, the Company agrees to pay ("Agency Agreement") the Agent as additional compensation to that outlined in the Association & Franchise Commission Schedule to the Agency Agreement, a percentage share of the premiums earned during the Bonus Period.
Ownership of Business. Executive acknowledges and agrees that the following, without limitation, are the sole and exclusive property of the Company, and that the Executive has no right, title or interest in or to: (a) any and all Client Accounts, Prospective Client Accounts; (b) personal relationships and goodwill associated with such Client Accounts and Prospective Client Accounts; (c) brokers, insurance carriers and other insurance markets, vendors, and referral sources of Insurance Business that have been cultivated by Executive during Executive’s employment with the Company; and (d) any related files, records, documents, lists, account information and other Confidential Information in Executive’s possession or control during Executive’s employment with the Company. Executive further acknowledges and agrees that the foregoing pertains to all types of Client Accounts and Prospective Client Accounts, including, without limitation, any Client Accounts as to which any Insurance Products or Services, whether placed during Executive’s employment with the Company, may reflect Executive individually, rather than the Company, as the agent-of-record with an insurance carrier.
Ownership of Business. Producer is the owner of the insurance business subject to this Agreement. Producer is acting as a broker for applicants and on the applicant's behalf, not as an agent of ESP. Nothing contained herein shall require, or be construed to require, that ESP accept any insurance business tendered by Producer, and any business tendered by Producer hereunder shall be expressly subject to approval and acceptance by ESP in its sole discretion.
Ownership of Business. The MGA recognizes the Broker’s ownership of the business offered by the Broker to the MGA. However, if the Broker is in default in his account with the MGA, or is in violation of 4(b) or 4(d) above, the Broker shall be deemed to have forfeited his rights under this Agreement and so long as such default shall persist, the Broker agrees to assign to the MGA all policies coded to the Broker’s account and the MGA may, at its discretion, and in any manner it deems appropriate, utilize the monies generated therefrom to satisfy the debt owing by the Broker.
Ownership of Business. The Parties agree that in the event of termination of this Agreement, the Producer will have accounted for and paid all premiums for which the Producer may be responsible in accordance with the Agreement. The Producer’s records, including those pertaining to policy expiration dates, will remain the property of the Producer; however, the Producer will provide loss history, renewal dates, and other information pertaining to coverage to the Company upon written request.
Ownership of Business. With respect to ownership of business, any business acquired by both parties through their joint efforts or given to both Parties will be treated as marital property and jointly owned by both Parties. In the event the marriage is terminated, ownership of the business and any appreciation in the value of the jointly owned business during the course of the marriage will be: (Check one)
