VESTED COMMISSIONS Sample Clauses

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.
Sample 1
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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.
Sample 1
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.
Sample 1
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
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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.
Sample 1
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.
Sample 1
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.
Sample 1
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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: One Hundred Percent (100%) of the commissions will be payable after its effective date. Second Party will forfeit all of his/her interests under this Agreement in the event of termination of this Agreement if Second Party sells or offers to sell, directly or indirectly, to any person or persons, insurance at any reduction from the regular table rates as furnished Second Party by the Company, or violates the insurance laws of any state, or withholds any money, policy or receipt contrary to the provisions of this Agreement or regulations made thereunder. Such sale, offer of sale, violation of law, or dereliction will, without further notice, work an immediate termination of this Agreement and an unconditional forfeiture of all rights, claims and demands whatsoever Second Party has against the Company, accrued or to accrue under this or any previous contract and under any supplementary agreement or amendment, for commissions, both first year and renewal, or other compensation or payment, but nothing herein contained will be construed to affect any rights or claims of the Company against Second Party.
Sample 1
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.
Sample 1

Related to VESTED COMMISSIONS

  • Fees and Commissions The fees and commissions that apply to your account are set out in the information box and disclosure statement. You agree to pay the fees and commissions and authorize us to charge them to your account. We reserve the right to change the circumstances in which any of the fees or commissions on your account is charged and the amount of those fees or commissions. You agree that we may impose additional fees and commissions at any time. We will provide notice of any changes or additional fees and commissions if required by applicable law and in accordance with the “Changes” section of this agreement.

  • Brokerage Fees and Commissions The Seller has not incurred any obligation or entered into any agreement for any investment banking, brokerage, or finder's fee or commission in respect of the transactions contemplated by this Agreement for which Buyer or the Company will incur any liability.

  • Brokerage Commissions All brokers' commissions and other charges incident to the purchase, sale or lending of the Fund 's portfolio securities.

  • Excess Brokerage Commissions The Adviser is hereby authorized, to the fullest extent now or hereafter permitted by law, to cause the Corporation to pay a member of a national securities exchange, broker or dealer an amount of commission for effecting a securities transaction in excess of the amount of commission another member of such exchange, broker or dealer would have charged for effecting that transaction, if the Adviser determines in good faith, taking into account such factors as price (including the applicable brokerage commission or dealer spread), size of order, difficulty of execution, and operational facilities of the firm and the firm’s risk and skill in positioning blocks of securities, that such amount of commission is reasonable in relation to the value of the brokerage and/or research services provided by such member, broker or dealer, viewed in terms of either that particular transaction or its overall responsibilities with respect to the Corporation’s portfolio, and constitutes the best net results for the Corporation.

  • Sales Commissions You shall not be entitled to charge a sales commission on the sale of Shares of the Company.

  • DEALER-MANAGER COMPENSATION (i) Subject to the discounts and other special circumstances described in or otherwise provided in the “Plan of Distribution” section of the Prospectus or this Section 3(d) and Section 3(c), the Company agrees to pay the Dealer Manager selling commissions (“Selling Commissions”) in the amount of seven percent (7.0%) of the selling price of each Primary Share for which a sale is completed. Alternatively, if a particular Soliciting Dealer elects to receive Selling Commissions equal to seven and one-half percent (7.5%) in accordance with the Soliciting Dealers Agreement, subject to Section 3(c), then, with respect to the applicable sale, the Company agrees to pay the Dealer Manager Selling Commissions in the amount of seven and one-half percent (7.5%) of the selling price of each Primary Share for which a sale is completed, two and one-half percent (2.5%) of which Selling Commissions shall be payable at the time of such sale and one percent (1%) of which shall be paid on each anniversary of the closing of such sale up to and including the fifth anniversary of the closing of such sale. No Selling Commissions will be paid for sales of DRP Shares, and Selling Commissions may be reduced or eliminated on certain sales of Shares, including the reduction or elimination of Selling Commissions in accordance with, and on the terms set forth in, the Prospectus. The Dealer Manager will reallow all the Selling Commissions, subject to federal and state securities laws, to the Soliciting Dealer who sold the Primary Shares, as described more fully in the Soliciting Dealers Agreement. In no event shall the Dealer Manager be entitled to payment of any compensation in connection with a sale pursuant to the Offering that is not completed according to this Agreement; provided, however, that the reimbursement of out-of-pocket accountable expenses actually incurred by the Dealer Manager or Person associated with the Dealer Manager shall not be presumed to be unfair or unreasonable and shall be payable under normal circumstances.

  • Brokerage Commission Contributor has not engaged the services of, nor has it or will it or Acquirer become liable to, any real estate agent, broker, finder or any other person or entity for any brokerage or finder's fee, commission or other amount with respect to the transactions described herein on account of any action by Contributor. Contributor hereby agrees to indemnify and hold Acquirer and its employees, directors, members, partners, affiliates and agents harmless against any claims, liabilities, damages or expenses arising out of a breach of the foregoing. This indemnification shall survive Closing or any termination of this Agreement.

  • Selling Commissions Any and all commissions payable to underwriters, dealer managers or other broker-dealers in connection with the sale of Shares, including, without limitation, commissions payable to Behringer Securities LP.

  • Dealer Compensation (a) On each purchase of shares by you from us, the total sales charges and your dealer concessions shall be as stated in each Fund's then current prospectus, subject to NASD rules and applicable laws. Such sales charges and dealer concessions are subject to reductions under a variety of circumstances as described in the Funds' prospectuses. For an investor to obtain these reductions, we must be notified at the time of the sale that the sale qualifies for the reduced charge. If you fail to notify us of the applicability of a reduction in the sales charge at the time the trade is placed, neither we nor any of the Funds will be liable for amounts necessary to reimburse any investor for the reduction which should have been effected.

  • Brokers' Fees and Commissions Neither the Purchaser nor any of its officers, partners, employees or agents has employed any investment banker, broker, or finder in connection with the transactions contemplated by the Primary Documents.

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