AGENT COMPENSATION definition

AGENT COMPENSATION. A Tenant procurement fee of fifty per cent (50%) of the first month's rent shall be charged for the acquisition of each new Tenant. This fee is not charged when re-leasing to an existing Tenant. The management fee is five per cent (5%) of the monthly rent after the first month. No fee is charged when the premises are vacant. The minimum monthly management fee is fifty dollars ($50.00) per property when the Premises are occupied.
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AGENT COMPENSATION. LMG is responsible for weekly processing and payment via check or EFT of first-year and trailing commissions to Wholesalers and Producers. Commission payments result from premium being applied to appropriate IIC Contracts. LMG is responsible for generating the weekly commission statements, maintenance of year-to-date commission information, and processing of the actual commission payment. Agent compensation amounts are determined by the Producer's LMG contract level, product type, age of annuitant and owner, and premium amount. Premium Accounting LMG is responsible for receiving premium checks and depositing into IIC's Premium Fiduciary Account, as hereinafter provided in section 3 of this Appendix. The receipt of premium is recorded in the administrative system, and a general ledger entry is created to record the deposit. However, LMG is not responsible for investing and managing these assets. Tax Reporting to Agents LMG will be responsible for reporting on a yearly basis to Producers and Wholesalers information on all commissions earned, as well as other compensation such as incentive trips. Such reporting to Wholesalers and Producers will consist of generating and mailing 1099 forms. LMG will also be responsible for the transmission of such records to the applicable federal and state taxing authorities. LMG policies and procedures comply with all state and federal regulations. Tax Reporting to Policyholders LMG is responsible for reporting on a yearly basis to policyholders information regarding certain financial transactions on such IIC contracts. Reporting to policyholders consists of generating and mailing 1099 forms, Year End Account Balances, and 5498 forms. LMG will also be responsible for the transmission of such records to the applicable federal and state taxing authorities. LMG policies and procedures comply with all state and federal taxing authority regulations. Such tax reporting only encompasses disbursements that are made by LMG on behalf of IIC. IIC shall be responsible for any tax reporting for disbursements made by IIC directly. Tax Reporting to Vendors LMG will be responsible for reporting on a yearly basis to its vendors information on all compensation paid. Such reporting to vendors will consist of generating and mailing 1099 forms. LMG will also be responsible for the transmission of such records to the applicable federal and state taxing authorities. LMG's policies and procedures comply with all state and federal regulations. Tax R...
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AGENT COMPENSATION. For each Trio closing, one of Trio’s designated holding companies is the buyer, and Trio Residential, LLC is the representing and referring broker of record for every Trio transaction. Upon Trio’s review of the property and acceptance of the contract, Trio proceeds with financing by having the contract assigned to its named buying entity. Brokers receive negotiated commissions on each closing less a 25% transaction fee paid to Trio Residential. Further, Agents and/or approved Brokerages having been trained in the Trio program and that pass the required test with training will receive the designation of Trio Preferred Agent (“TPA”); this designation will benefit customers with a credit to their required Trio program fees of up to Procuring Cause: Brokers and their Agents participating with Trio acknowledge and agree that Trio and its designated holding entities are the buyers on every transaction and Trio Residential is the referring broker and Procuring Cause. Brokers and their agents understand that individual customers are not purchasing homes directly, rather Trio is the buyer through its designated holding entities. Broker and Agent Requirements for Doing Business with Trio:
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Examples of AGENT COMPENSATION in a sentence

  • Signature: Date: EXHIBIT A – INDEPENDENT SALES AGENT COMPENSATION SCHEDULE This Independent Sales Agent Compensation Schedule sets out the terms of payment of Compensation under the Agreement (the "Agreement").

  • IMPOUND AGENT COMPENSATION -------------------------- The Company will pay the Impound Agent reasonable compensation for its services in the amount of $1,000 representative of the set-up fee and $1,250 annual account maintenance fee.

  • EXHIBIT B AGENT COMPENSATION I STANDARD UP-FRONT COMPENSATION AGENT will be paid *** for each New Subscriber enrolled in the Area under on a twelve month or longer digital service package having a minimum monthly charge of more than *** or greater and for which BCN does not pay reduced compensation as provided Article VIII.

  • Michael Randall -------------------------------------- Title: Senior Vice President ------------------------------------- /s/ Todd Teiber ------------------------------------------- Todd Teiber, individually Edxxxx Xxxxxxein ------------------------------------------- Edward Oberstein, individually XXXXXXX X ESCROW AGENT COMPENSATION As compensation for its services hereunder from the date of this Agreement through the one year anniversary date hereof, Escrow Agent shall receive a fee of $2,500.00.

  • By: _______________________________ Name: Title: NATIONAL CITY BANK, AS ESCROW AGENT By: _______________________________ Name: Title: < A-7 > SCHEDULE A ---------- ESCROW AGENT COMPENSATION REVIEW, ACCEPTANCE AND SET UP FEE $ 500.00 For providing initial review of the Escrow Agreement and all supporting documents and for initial services associated with establishing the account.

  • By:________________________________________ Name: Title: < F-6 > NATIONAL CITY BANK, AS ESCROW AGENT By:________________________________________ Name: Title: < F-7 > SCHEDULE A ---------- ESCROW AGENT COMPENSATION REVIEW, ACCEPTANCE AND SET UP FEE $ 500.00 For providing initial review of the Escrow Agreement and all supporting documents and for initial services associated with establishing the account.

  • Writing Agent Agreement_03-24-09 MESSER Financial Group 042010Page 3 of 5WRITING AGENT COMPENSATION SCHEDULE (NEW)Agent shall be paid the following compensation on premiums collected on policies or contracts issued by Company on applications secured by or through Agency.

  • LxxXxxx xxxll compensate Agent on a monthly commission basis (according to the schedule(s) set forth in Exhibit E - AGENT COMPENSATION for each Service Agreement that it actively and materially contributes to the execution of, in accordance with the terms and conditions hereof.

  • Xxxx, Xx. Title: Chief Operating Officer Title: President EXHIBIT A [INTENTIONALLY OMITTED] EXHIBIT B AGENT COMPENSATION I STANDARD UP-FRONT COMPENSATION Compensation under this section is for Agent's sale of NewCo's standard voice grade switched Wireless Service, whether or not such service is used by the Subscriber to transport data or voice (in keeping with standard industry terminology patterns, hereafter referred to as "Plain Old Wireless Service" or "POWS").

  • AMERICAN NATIONAL INSURANCE COMPANY GENERAL AGENT COMPENSATION SCHEDULE Life Products Ages 1st Year Target Premium Yr. 2 - 3 Additional Deposits/Renewals Yr. Yr. Yr. 4 - 5 6 - 7 8 - 10 Yr. 11+ 1 ANICO Select ROP Term (Annual policy fee of $60.00 is non-commissionable) ROP Rider commission same rate as policy commission.


More Definitions of AGENT COMPENSATION

AGENT COMPENSATION. Company shall pay all Residuals due to Agent on or about the 30th day following the last day of the month during which the Residuals are received by Company. Company shall make a good faith effort to pay all Fees due to Agent on or about the week following the week during which the Fees are received by Company and in no event later than the 30th day following the last day of the month during which the Fees are received by Company. In the event that Agent disputes any Residual or Fee payment received hereunder, Agent agrees to notify Company within ninety (90) days of the date of the disputed Residual or Fee due date, or Agent waives the right to contest the Residual or Fee payment in question. a.) Residuals: Agent shall be paid a fifty percent (50%) share of Residuals received by Company for Open Accounts referred by Agent to Company. One-hundred percent (100%) of Agent’s Signing bonuses shall be reimbursed to Company from Agent’s share of residuals.
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AGENT COMPENSATION. At closing, Issuer shall pay Agent a cash commission equal to 10.00% of the total proceeds received by Issuer in the transaction and a 3.00% unaccountable expense allowance. Additionally, at closing, Issuer shall grant to Agent 50,000 common stock purchase warrants with an exercise price of $1.50 per share. EQUITY SECURITIES INVESTMENTS, INC. By:______________________ Its:_______________________ CASH SYSTEMS, INC. By:______________________ Its:_______________________ CASH SYSTEMS, INC.-EQUITY SECURITIES INVESTMENTS, INC. TERM SHEET This term sheet summarizes the principal terms of an anticipated financing by Equity Securities Investments, Inc. (the "Agent") on behalf of Cash Systems, Inc. (the "Company"). This term sheet is intended solely as a basis for further discussion and is not intended to be and does not constitute a legally binding obligation. No other legally binding obligations will be created, implied, or inferred until documents in final form related to the offering are executed and delivered by all parties. Without limiting the generality of the foregoing, it is the parties intent that, until that event, no agreement shall exist among them and there shall be no obligations whatsoever based on such things as parol evidence, extended negotiations, "handshakes," oral understandings, or courses of conduct (including reliance and changes of position). The Company and the Agent are discussing a placement on the following terms: Company/Issuer: Cash Systems, Inc. Security: 1,500,000 B 3,500,000 shares. Subject to the Milestone Adjustments set forth below, each share shall be priced at $2.00 per share unit and each unit shall consist of one share of common stock and one warrant to purchase one additional share of common stock at a mutually to-be-agreed upon price.
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AGENT COMPENSATION. At closing, Issuer shall pay Agent a cash commission equal to 10.00% of the total proceeds received by Issuer in the transaction and a 3.00% unaccountable expense allowance. Additionally, at closing, Issuer shall grant to Agent 150,000 common stock purchase warrants with an exercise price of $2.40 (subject to the above Milestone Adjustment) per share.
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Related to AGENT COMPENSATION

  • Current Compensation means all regular wage, salary and commission payments paid by the Company to a Participant in accordance with the terms of his or her employment, but excluding annual bonus payments and all other forms of special compensation.

  • Contingent Compensation Payment means any payment (or benefit) in the nature of compensation that is made or made available (under this Agreement or otherwise) to a “disqualified individual” (as defined in Section 280G(c) of the Code) and that is contingent (within the meaning of Section 280G(b)(2)(A)(i) of the Code) on a Change in Ownership or Control of the Company.

  • Unemployment compensation means cash benefits (including depend- ents’ allowances) payable to individ- uals with respect to their unemploy- ment, and includes regular, additional, emergency, and extended compensa- tion.(2) Regular compensation means unem- ployment compensation payable to an individual under any State law, but not including additional compensation or extended compensation.(3) Additional compensation means un- employment compensation totally fi- nanced by a State and payable under a State law by reason of conditions of high unemployment or by reason of other special factors.(4) Emergency compensation means supplementary unemployment com- pensation payable under a temporary Federal law after exhaustion of regular and extended compensation.(5) Extended compensation means un- employment compensation payable to an individual for weeks of unemploy- ment in an extended benefit period, under those provisions of a State law which satisfy the requirements of the Federal-State Extended Unemploy- ment Compensation Act of 1970, as amended, 26 U.S.C. 3304 note, and part 615 of this chapter, with respect to the payment of extended compensation.

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –

  • Additional Compensation has the meaning set out in Section 13.3(1).

  • Termination Compensation means a monthly cash amount equal to one-twelfth ( 1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • Final compensation of a member means:

  • Special compensation means payment to an adult foster care facility to ensure the provision of a specialized program in addition to the basic payment for adult foster care. Special compensation does not include payment received directly from the Medicaid program for personal care services for a resident, or payment received under the supplemental security income program.

  • Compensation Limit means the compensation limit of Section 401(a)(17) of the Code, as adjusted under Section 401(a)(17)(B) of the Code for increases in the cost of living.

  • Section 415 Compensation means with respect to any Plan Year and shall: (a) include amounts accrued to a Participant (regardless of whether he was a Participant during the entire Plan Year and regardless of whether in cash): (i) as wages, salaries, fees for professional services and other amounts received for personal services actually rendered in the course of his employment with the Companies including but not limited to commissions, compensation for services on the basis of a percentage of profits and bonuses; (ii) for purposes of Subsection (a)(i) above, earned income from sources outside the United States (as defined in Section 911(b) of the Code), whether or not excludible from gross income under Section 911 of the Code or deductible under Section 913 of the Code; (iii) amounts described in Sections 104(a)(3), 105(a) and 115(h) of the Code but only to the extent that these amounts are includible in the gross income of that Participant; and (iv) amounts paid or reimbursed by the Companies for moving expenses incurred by that Participant, but only to the extent that these amounts are not deductible by that Participant under Section 217 of the Code; (b) not include: (i) notwithstanding Subsection (a)(i) above, there shall be excluded from Section 415 Compensation amounts contributed to a plan as contributions to a qualified cash or deferred plan under Section 401(k) of the Code; (ii) other contributions made by a Company to any plan of deferred compensation to the extent that, before the application of the Section 415 of the Code limitations to that plan, the contributions are not includible in the gross income of that Participant for the taxable year in which contributed; in addition, Company contributions made on behalf of that Participant to a simplified employee pension plan described in Section 408(k) of the Code shall not be considered as Section 415 Compensation for the Plan Year in which contributed; additionally, any distributions from a plan of deferred compensation shall not be considered as Section 415 Compensation, regardless of whether such amounts are includible in the gross income of that Participant when distributed; however, any amounts received by that Participant pursuant to an unfunded nonqualified plan shall be considered as Section 415 Compensation in the Plan Year in which such amounts are includible in the gross income of that Participant; and (iii) other amounts which receive special federal income tax benefits, such as premiums for group term life insurance (but only to the extent that the premiums are not includible in the gross income of that Participant); provided, however, that Section 415 Compensation in a Plan Year in excess of one hundred and fifty thousand ($150,000), as adjusted pursuant to Section 401(a)(17) of the Code, shall be disregarded. Notwithstanding anything in this Section 1.36 to the contrary, for Plan Years beginning on or after January 1, 1998, Section 415 Compensation shall include any elective deferral (as defined in Section 402(g) of the Code) and any amount contributed or deferred at the election of the Participant that is not includible in that Participant's gross income by reason of Section 125 or Section 457 of the Code.

  • 415 Compensation means:

  • Basic Compensation means Salary and Benefits.

  • Compensation means all base straight time gross earnings and commissions, exclusive of payments for overtime, shift premium, incentive compensation, incentive payments, bonuses and other compensation.

  • Eligible Compensation means (i) for eligible exempt employees, such employee’s base salary at the time the Bonus or Spot Bonus is determined (prorated for time in an eligible position), and (ii) for eligible non-exempt and non-union hourly employees, such employees’ eligible wages for the applicable year as determined by the Company to be required by law.

  • Cash Compensation means any discount, concession, fee, service fee, commission, sales charge, loan, override, or cash benefit received by a producer in connection with the recommendation or sale of an annuity from an insurer, intermediary, or directly from the consumer.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Creditable compensation means the full compensation payable annually to an employee working

  • Includible Compensation means an Employee’s actual wages in box 1 of Form W-2 for a year for services to the Employer, but subject to a maximum of $245,000 (or such higher maximum as may apply under section 401(a)(17) of the Code) and increased (up to the dollar maximum) by any compensation reduction election under section 125, 132(f), 401(k), 403(b), or 457(b) of the Code (including any Elective Deferral under the Plan). Beginning in 2009 and thereafter, such term also includes any “differential pay” that may be received from the Employer while performing qualified military service under section 414(u) of the Code. The amount of Includible Compensation is determined without regard to any community property laws.

  • Earnable compensation means the full rate of the

  • Annual Compensation means the wages paid to the member during covered employment within the meaning of Section 3401(a) of the Internal Revenue Code, but determined without regard to any rules that limit the remuneration included in wages based upon the nature or location of employment or services performed during the plan year plus amounts excluded under Section 414(h)(2) of the Internal Revenue Code and less reimbursements or other expense allowances, cash, or noncash fringe benefits or both, deferred compensation, and welfare benefits. Annual compensation for determining benefits during any determination period may not exceed the maximum compensation allowed as adjusted for cost of living in accordance with §5-10D-7 of this code and Section 401(a)(17) of the Internal Revenue Code.

  • Equity Compensation means any stock option, stock appreciation, stock purchase, restricted stock, restricted stock unit, long term incentive cash bonus award or any other kind of equity-based plan, program, arrangement or grant regardless of whether the form of distribution is in stock or cash.

  • Annual Cash Compensation means the sum of (a) the highest annual Base Salary in effect for the Executive and (b) the greater of (i) the Executive’s bonus for the most recently-completed year, if any, or (ii) the annualized amount of the Executive’s target bonus for the then current year.

  • Severance Compensation means the compensation set forth in (i), (ii), and (iv) above.

  • Additional Servicing Compensation means any servicing compensation (other than Servicing Fees, Special Servicing Fees, Workout Fees or Liquidation Fees) that any Servicer is entitled to retain under the Servicing Agreement.

  • Compensation Year means a period of 12 months expiring 31 March in any year;

  • Gross compensation means every form of remuneration payable for a given period to an individual for services provided including salaries, commissions, vacation pay, severance pay, bonuses, and any board, rent, housing, lodging, payments in kind, and any similar benefit received from the individual's employer.