Producer of Record Changes Sample Clauses

Producer of Record Changes. If a change to the Producer of Record is made during the Plan Period, it will be handled as follows: i. New Sales Performance Plan - the Producer identified on The Hartford’s records as the Producer of Record at the beginning of the New Sales Performance Plan Period shall be credited with Annualized New Sales associated with the applicable Group Policy in question. ii. Retention Rewards Plan - the outgoing Producer of Record shall be credited with the Renewal Paid Premium from the beginning of the Plan Period through the effective date of the Producer of Record change, and the new Producer of Record shall be credited with the Renewal Paid Premium from the effective date of such Producer of Record change through the date on which the new Producer of Record ceases to be Producer of Record or the end of the Plan Period, whichever comes first. Certain non-insurance products and services may be sold with a modified, negotiated Compensation arrangement as described in the case proposal. On these products and services, Producer is entitled to the negotiated Compensation as shown on the case proposal and/or The Hartford’s electronic data systems. This Schedule applies exclusively to Group Policies providing Standardized Medicare Supplement policies in Washington. Medicare Supplement policies are sold for one year terms and are paid at sale or on renewal according to the Commission Table below. No Additional Compensation or bonuses are payable on Standardized Medicare Supplement policies in Washington. Unlimited 5% Notwithstanding anything herein to the contrary, compensation for Association Business is paid only under Schedule M; no other schedule affects or is affected by Association Business. Compensation amounts will be as set forth in a separate exhibit which will be attached as Exhibit 1 to Schedule M and kept on file with The Hartford. For Association Business, this Agreement supersedes any previous agreement, written or oral, or course of dealing, with respect to Commissions payable to the Producer relating to the Group Policies shown in Exhibit 1 and kept on file with The Hartford. The Hartford’s ability to offer the compensation provided for herein is subject to review and acceptance by the New York State Department of Financial Services. The following Commission schedule has been filed and accepted for Association Business. Commissions may be paid for Association / Non-Employer Market Group Policies as set forth below. The amount of Commissions may be in...
AutoNDA by SimpleDocs

Related to Producer of Record Changes

  • Transfer of Records (a) In accordance with Section 3.1, the Receiver assigns, transfers, conveys and delivers to the Assuming Bank the following Records pertaining to the Deposit liabilities of the Failed Bank assumed by the Assuming Bank under this Agreement, except as provided in Section 6.4: (i) signature cards, orders, contracts between the Failed Bank and its depositors and Records of similar character; (ii) passbooks of depositors held by the Failed Bank, deposit slips, cancelled checks and withdrawal orders representing charges to accounts of depositors; and the following Records pertaining to the Assets: (iii) records of deposit balances carried with other banks, bankers or trust companies; (iv) Loan and collateral records and Credit Files and other documents; (v) deeds, mortgages, abstracts, surveys, and other instruments or records of title pertaining to real estate or real estate mortgages; (vi) signature cards, agreements and records pertaining to Safe Deposit Boxes, if any; and (vii) records pertaining to the credit card business, trust business or safekeeping business of the Failed Bank, if any. (b) The Receiver, at its option, may assign and transfer to the Assuming Bank by a single blanket assignment or otherwise, as soon as practicable after Bank Closing, any other Records not assigned and transferred to the Assuming Bank as provided in this Agreement, including but not limited to loan disbursement checks, general ledger tickets, official bank checks, proof transactions (including proof tapes) and paid out loan files.

  • Inspection of Records Upon reasonable notice to the Administrative Trustees and the Property Trustee, the records of the Trust shall be open to inspection by Securityholders during normal business hours for any purpose reasonably related to such Securityholder's interest as a Securityholder.

  • Procurement of Recovered Materials In the performance of this contract, the Contractor shall make maximum use of products containing recovered materials that are EPA-designated items unless the product cannot be acquired

  • Retention of Records The Contractor and its subcontractors shall maintain all records pertinent to this Agreement, and all other financial, statistical, property, participant records, and supporting documentation for a period of no less than seven (7) years from the later of the date of acceptance of the final payment or until all audit findings have been resolved. If any litigation, claim, negotiation, audit or other action involving the records has been started before the expiration of the retention period, the records shall be retained until completion of the action and resolution of all issues which arise from it, or until the end of the seven (7) years, whichever is later, and until any outstanding litigation, audit, or claim has been fully resolved.

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