Vested Commissions. The vesting of commissions under this agreement shall in no way limit or otherwise affect the right of the Company to service business on which such vested commissions are payable. Payment of such commissions to the Agent will cease when all such commissions in any preceding month amount to less that One Hundred Dollars ($100.00) or if this agreement has been terminated for cause, whereupon no further commissions shall be payable.
Vested Commissions. ASSOCIATE is fully vested after two years and/or certain number of cases (see chart below) have been enrolled by ASSOCIATE (and appointed sub-Associates). If total of ASSOCIATE's (and appointed sub-Associates') in-force cases drops below (50) for three consecutive months, the ASSOCIATE is no longer vested. Unvested sub-Associate commission will be included in the Charter Associate's sales compensation schedule. (*) = Required field /x/ I do not want commission annualization (advance commissions) / / I do want an initial 6 (six) month advance at issue on credit card, bank draft and EFT payments. I understand that after I have 10 cases in force, I may request eight (8) month advance with, with approval of AGENCY. BACKGROUND
*1. DO YOU CARRY ERRORS AND OMISSIONS PROTECTION? / / Yes / / No *2. HAVE YOU EVER BEEN CONVICTED OR HAD A SENTENCE IMPOSED OR SUSPENDED OR BEEN PARDONED FOR CONVICTION OF, OR PLEADED GUILTY OR NOLO CONTENDERE TO AN INDICTMENT CHARGING ANY CRIME: (A) INVOLVING FRAUD, DISHONESTY OR MORAL TURPITUDE, OR (B) CHARGING A VIOLATION OF ANY DISCIPLINARY PROCEEDINGS OF ANY FEDERAL OR STATE REGULATORY AGENCY? / / Yes / / No If yes, give particulars:
*3. Has an application for bond ever been declined to you? / / Yes / / No If yes, for what reason? *4. Have you ever been refused any license applied for? / / Yes / / No If yes, what state(s) and why?
Vested Commissions. First-year and renewal commissions are vested and will be credited to you as they become due. We do reserve the right to stop crediting renewal commissions if in any calendar year the total amount to be credited is less than $600.
Vested Commissions. First-year commissions are vested and will be credited to you as they become due. Renewal commissions will be credited to you during your agency service; they will be vested only after you have completed five qualified years of agency service, or if your agency service is terminated by reason of your death. Also, if you become totally and continuously disabled prior to the time that your renewal commissions are vested, the time you are so disabled will count, on a pro-rated basis, toward satisfying the requirement of five qualified years for vesting. You must give proof of your disability satisfactory to us at our home office within 12 months after the date your disability begins, and as often thereafter as we request. We do reserve the right to stop crediting renewal commissions if in any calendar year the total amount to be credited is less than $600.
Vested Commissions. In the event of termination of this Agreement, except in the case of death, commissions will be payable under the following conditions, subject to the provisions of this Agreement:
Vested Commissions. In the event of termination of this Agreement, other than for fraud, malfeasance, misappropriation, or wrongful withholding of funds involving Your activities relating to this Agreement, You shall continue to receive all first year and renewal commissions and/or account balance trailer commissions, if applicable, payable under the Commission Schedule on all Policies issued prior to the Effective Date of termination, provided earned commissions, renewals and/or account balance trailers on premiums collected by OLIC exceed Three Hundred Dollars ($300) per year. In a year in which the earned commission, renewals and/or account balance trailers on collected premiums are less than Three Hundred Dollars ($300) per year, the vested commissions, renewals and/or account balance trailers shall be paid as they accrue to You, Your surviving spouse, if there is one, and otherwise to Your estate. At the death of Your spouse, the sums will be paid to the estate of Your spouse.
Vested Commissions. Vice Presidents who are committed members in AAG are vested in commissions resulting from the sale of the Products and Services. A person who is vested in commissions can earn commissions on applications on the Products and Services submitted during the term of this Agreement by that person or his or her Downline Members even if this Agreement is later terminated. The override commission rate for Vice Presidents shall be as published from time to time by AAG. In addition to the divesting provisions of your Vice President Agreement (which, as stated, you remain subject to) you will be divested if you violate any provision of this Agreement or the Vice President Rules. Also, since AAG (not the Product Providers) is ultimately responsible for the payment of commissions to you, notwithstanding any provision in this Agreement or any other Agreement between you and AAG to the contrary, the vesting provisions of this Agreement may change in the event AAG’s vesting schedules with the Product Providers are changed.
Vested Commissions. With regard to applications accepted by the Insurer before the termination of this Agreement, commissions are payable to the Agent after the termination of this Agreement, except in the case in which this Agreement was terminated for one or more of the reasons specified in Paragraph 14 (b) in which case no further commissions are payable.
Vested Commissions a. Subject to the provisions of the Contract, all earned commissions are immediately and truly vested for life and thereafter to Your successors and assigns.
b. Any vested commissions forfeited by Your Sub-agents under Termination For Cause as described in paragraph D.2. shall be transferred to and payable to You, after the Company has recovered any indebtedness incurred by said Sub-agent including any License termination fee imposed by any state or municipal law.
Vested Commissions
