Producer Compensation. a. During the term of this Agreement, SIM agrees to pay commissions to the Producer at the commission rate agreed by SIM and the Producer in connection with each policy placed under this Agreement. SIM shall pay commissions to the Producer within sixty (60) days after the end of the month in which SIM receives and records the premium for each policy.
Appears in 3 contracts
Samples: Producer Agreement, Producer Agreement, Producer Agreement
Producer Compensation. a. During the term of this Agreement, SIM agrees to pay commissions to the Producer at the commission rate agreed by SIM and the Producer in connection with each policy placed under this Agreement. SIM shall pay commissions to the Producer within sixty (60) days after the end of the month in which SIM receives SIMreceives and records the premium for each policy.
Appears in 1 contract
Samples: Producer Agreement
