Common Contracts
1 similar Profit Sharing Agreement contracts
ContractProfit Sharing Agreement • December 11th, 2018
December 1, 2018 Shawn Edgington Granite Professional Insurance 6600 Koll Center Pkwy Suite 100 Pleasanton, CA 94566 Re: 2019 Profit Sharing Agreement Master Agency ID: 43562 Dear Shawn, AmTrust North America values the strong relationship we have with your agency and we are pleased to offer our Profit Sharing Agreement for business we develop together in 2019. We believe this program is an important part of our commitment to your agency. The 2019 Profit Sharing Agreement will be based on calendar year gross written premium and incurred losses. Please review the parameters of the program outlined in the attached schedule. Note that 75% of the premium and losses written under your agency captive program are included. The earned Profit Sharing bonus will be calculated by the end of the first quarter 2020. This profit sharing agreement is for one year only, and will not be automatically renewed. This agreement also supersedes all other AmTrust profit sharing agreements for these agency co
