Applicable Percentage Factor definition
Applicable Percentage Factor for each Lead Managing Underwriter is set forth below:
Applicable Percentage Factor means 0.10%.
Applicable Percentage Factor means 0.12500% from the date of this Additional Compensation Agreement until the fifth anniversary of the Investment Advisory Agreement; 0.13125% in the sixth year of the Investment Advisory Agreement; 0.1375% in the seventh year of the Investment Advisory Agreement; and 0.14375% in the eighth year of the Investment Advisory Agreement; and 0.15000% thereafter.
Examples of Applicable Percentage Factor in a sentence
If You have represented Us only during one Experience Period and are eligible for one-year Supplemental Commission payment under this agreement and Your Written Premium exceeds $200,000 in the Experience Period, Your three-year Supplemental Commission amount will be proportionally adjusted and You will be eligible to receive 0.333 times the three-year Supplemental Commission determined using Your Adjusted Loss Ratio for the Experience Period times the Applicable Percentage Factor from Exhibit II.