Common use of Trail Commission Clause in Contracts

Trail Commission. Trail commissions at the annual rate shown above are computed monthly, as of the end of each Contract month, on the Contract's Accumulated Value less any Contract debt (including any interest accrued but not yet paid). Trail commissions commence on the first Contract anniversary and will be made annually on each Contract anniversary thereafter. Trail commissions will be paid only if the Contract is in force on the date the commission is payable.

Appears in 2 contracts

Samples: Insurance Company Variable Contract Selling Agreement (Pacific Select Exec Separate Acct Pacific Life Ins), Contract Selling Agreement (Pacific Select Exec Separate Acct Pacific Life Ins)

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Trail Commission. Trail commissions at are calculated and paid quarterly, using the annual rate shown above applicable annualized rate, and are computed monthly, as of the end of each Contract month, on based upon the Contract's Accumulated Value ’s accumulated value less any Contract debt (including any interest accrued but not yet paid). Trail commissions commence on the first Contract anniversary and will be made annually on each Contract anniversary thereafterdebt. Trail commissions will be paid only if payable on the next commission cycle following each trail calculation date, provided the Contract is in force on such commission cycle date. The Contract’s accumulated value and debt are determined as of the date first business day of the commission applicable Contract quarter. Contract quarter is payablecalculated from the issue date.

Appears in 1 contract

Samples: pcsbd.net

Trail Commission. Trail commissions at are calculated and paid quarterly, using the annual rate shown above applicable annualized rate, and are computed monthly, as of the end of each Contract month, on based upon the Contract's Accumulated Value ’s accumulated value less any Contract debt (including any interest accrued but not yet paid). Trail commissions commence on the first Contract anniversary and will be made annually on each Contract anniversary thereafterdebt. Trail commissions will be paid only if payable on the next commission cycle following each trail calculation date, provided the Contract is in force on such commission cycle date and the date Broker/Dealer remains the commission Broker/Dealer of record on the Contract. The Contract’s accumulated value and debt are determined as of the first business day of the applicable Contract quarter. Contract quarter is payablecalculated from the issue date.

Appears in 1 contract

Samples: pcsbd.net

Trail Commission. Trail commissions at the annual rate shown above are computed monthly, as of the end of each Contract month, on the Contract's ’s Accumulated Value less any Contract debt (including any interest accrued but not yet paid). Trail commissions commence on the first Contract anniversary and will be made annually on each Contract anniversary thereafter. Trail commissions will be paid only if the Contract is in force on the date the commission is payable.

Appears in 1 contract

Samples: Insurance Company Variable Contract Selling Agreement (Pacific Select Exec Separate Acct Pacific Life Ins)

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Trail Commission. Trail commissions at the annual rate shown above are Commission” is computed monthly, as of the end of each Contract month, on monthly based upon the Contract's Accumulated Value less any Contract debt (including any interest accrued but not yet paid), as of the beginning of each policy month. The monthly rate used will be the Trail Commission rate in the rate schedule above, divided by 12. Trail commissions commence on the first Contract anniversary and Commission payments will be made annually on each Contract anniversary thereafteranniversary. Trail commissions Commission will be paid only if the Contract is in force on the date the commission Trail Commission is payable. There is no chargeback on trail commission upon lapse or surrender.

Appears in 1 contract

Samples: www2.crumplifeinsurance.com

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