REMUNERATION ARRANGEMENTS Sample Clauses
REMUNERATION ARRANGEMENTS. If the decision is made to proceed with the Advice Service, then the fee paid by the Customer to Grove will be as laid out in Grove’s Client Agreement and detailed in the Suitability Report if one is issued (“the Adviser Fee”). In addition, a fee for the Introducer (“the Introducer Adviser Charge”), which would be subject to a separate agreement between the Introducer and Customer and advised to Grove, may be included and Grove will pay the Introducer Adviser Charge out of monies received. The Introducer Adviser Charge will be detailed in the Suitability Report. Upon completion of the transaction under the Advice Service and if a transfer has completed, once Grove have received their fee the Introducer will have the servicing agency of the resulting policy transferred to themselves, where the Introducer is an FCA registered adviser able to accept the transfer. Any ongoing financial advice fees the Introducer has requested Grove to include and be transferred to the Introducer are on the explicit understanding the Introducer, having established the investment has been executed in the manner commensurate with the Customers Suitability Report, will be carrying out periodic investment reviews for the Customer and in agreement with them. Should the Introducer not change the agency back to themselves then Grove reserves the right to retain any ongoing fees. If the Customer has agreed to proceed with Full Advice, the fee must be paid irrespective of whether a transfer proceeds or not. Grove will only be responsible to pay the Introducer the Introducer Adviser Charge if it has been paid by the Customer and received by Grove and after Grove’s Adviser Fee has been settled first. If the Customer does not settle the total and full agreed fee, no payment will be made to the Introducer until Grove’s Adviser Fee has been settled in full. In the event that Grove becomes liable to repay any Adviser Fee, the Introducer shall promptly repay to Grove the percentage of Introducer Adviser Charge received via Grove, if any.
REMUNERATION ARRANGEMENTS. The Employer shall notify the Union monthly in writing of:
REMUNERATION ARRANGEMENTS. 6.1 ‘The Introducer’ will arrange with the client any initial research fees under the full introducer process. ‘The Introducer’ will not need to arrange with the client any initial research fees under the lite referral only Process. ‘The PTS’ will agree the implementation fees with the client where a transfer has been recommended.
6.2 ‘The PTS’ agrees to pay ‘the Introducer’ a share of any implementation fee received by the Firm at a rate agreed on a reviewable and ongoing basis, from transactions on behalf of clients introduced by the Introducer, where a transfer is carried out. Fee shares are detailed in our Fee Schedule for Introducers.
6.3 If, for any reason, the transfer does not proceed, after advice has been provided under ‘the Transfer Advice Service’, then there is no introductory fee payable.
6.4 Introducer fees payable based on the completion of the transfer will be paid at the end of the month following receipt by Pension Income Planning Ltd.
6.5 Should any product provider reclaim any payment already paid, for any reason, this will, at the Firm’s discretion, either be offset against future payments due to the Introducer or be repaid by the Introducer to the Firm within fourteen days of demand. The demand may be delivered by hand or will be assumed to have been delivered within two days of despatch of a letter to the Introducer’s last notified address. ‘The Introducer’ hereby agrees to indemnify the Firm fully in respect of the Introducer’s share of any payment reclaimed.
6.6 ‘The Introducer’ may have a duty to disclose to introduced clients any payment or other reward or advantage received from the Firm for making the introduction. This will be the responsibility of ‘the introducer’.
REMUNERATION ARRANGEMENTS. 6.1. This Agreement when approved by a majority of employees and lodged with the OEA will cover the following four (4) pay arrangements: • adjustment to base rates of pay • productivity Incentive payments • team site performance payments • attendance bonus.
REMUNERATION ARRANGEMENTS. Annual Productivity Based Salary Increases In recognition of their commitment to this Agreement and associated productivity initiatives, Employees will receive a one-off lump sum payment together with salary increases on commencement of the Agreement, from 1 September 2012 and from 1 July 2013. The quantum or rate of benefits are: The lump sum productivity payment shall be $750 payable to each on-going Employee, and each non on-going Employee with more than 6 weeks remaining in their current engagement with the Agency, plus: On commencement of the Agreement an increase of 0.5% and no more than 1.25% On 1 September 2012 in the order of 3.75%; and On 1 July 2013 no less than 3.25% and no more than 3.52% No qualifying period applies in relation to an Employee’s eligibility to receive a productivity salary increase. The new salary rates for employees in the General Classification resulting from these increases form Appendix 1 to this Agreement. New salary scales for Employees in the Government Lawyer and Trainee classifications are at Appendix 2 and Appendix 4 respectively. The pay increases on commencement for the Government Lawyer and Trainee classifications are no less than 0.65%.
REMUNERATION ARRANGEMENTS. 5.1. If the decision is made to proceed with a Suitability Report and transfer, under the Advice Service, then the fee paid by the Customer to Grove will be as laid out in Grove’s Client Agreement and detailed in the Suitability Report (“the Adviser Fee”). In addition, a fee for the Introducer (“the Introducer Adviser Charge”), which would be subject to a separate agreement between the Introducer and Customer and advised to Grove, may be included and Grove will pay the Introducer Adviser Charge out of monies received. The Introducer Adviser Charge will be detailed in the Suitability Report.
5.2. Upon completion of the transaction under the Advice Service, the Introducer will have the servicing agency of the resulting policy transferred to themselves, where the Introducer is an FCA registered adviser able to accept the transfer.
5.3. Should the Introducer not change the agency back to themselves then Grove reserves the right to retain any ongoing fees.
5.4. If, for any reason, the transfer does not proceed, after advice has been provided under the Advice Service, then then there is no fee.
5.5. In the event that Grove becomes liable to repay any Adviser Fee, the Introducer shall promptly repay to Grove the percentage of Introducer Adviser Charge received via Grove, if any.