Commission Revenue definition

Commission Revenue means commissions paid or payable on Subject Business when the purchase of an insurance policy has been internally verified by SHP and submitted to the applicable insurance carrier, each as reported and accounted for in accordance with generally accepted accounting principles, as applied on a consistent basis by Maker (e.g., revenue is recognized in each month that any such policy remains in-force) (“GAAP”).
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Commission Revenue means all commissions and fees relating to the sale and brokerage of insurance products and services. Commission Revenue generated from any one account shall not be included more than once in any twelve-month period. Direct bill Commission Revenue is recognized when received from the ▇▇▇urance carrier and agency bill Commission Revenue is recognized on the effective date of ▇▇▇ policy installment.
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Examples of Commission Revenue in a sentence

  • Furthermore, said merchant will be deemed ‘Active’ as soon as they’ve uploaded products for sale on ▇▇▇▇▇://▇▇▇.▇▇▇▇-▇▇▇▇▇▇▇▇.com/ Commission Revenue – Tier 1: $0.01 - $999.99 USD = 3% of the transaction subtotal Tier 2: $1,000+ USD = 1% of the transaction subtotal Note: Subtotal excludes taxes, duties and any other unforeseen miscellaneous fees Sales Revenue – Total gross sales revenue.

  • For the full and proper performance of the services required of CONTRACTOR under this Agreement with respect to CONTRACTOR Shipments, BROKER shall compensate CONTRACTOR in the amount of fifty percent (50%) of the Gross Commission Revenue BROKER collects on any CONTRACTOR Shipment BROKER brokers to another motor carrier.

  • Your compensation tiers are as follows; Tier 1: 1-10 Active merchants = 20% of the Commission Revenue Tier 2: 11+ Active merchants = 30% of the commission Revenue Active Merchant – a merchant that has successfully completed the application and KYC (Know Your Customer) process with CannAvenue.

  • In addition, when determining the EBITDA of the Employer from the Business, the Employer shall take into account only the Owned Commission Revenue.

  • If the contracting entity is a city or county, also known as a “local entity”, Recipient shall send payment to Texas Workforce Commission, Revenue and Trust Management, P.O. Box 322, Austin, TX 78767-0322.

  • For the full and proper performance of the services required of CONTRACTOR under this Agreement with respect to CONTRACTOR Shipments, BROKER shall compensate CONTRACTOR in the amount of ( %) of the Gross Commission Revenue BROKER collects on any CONTRACTOR Shipment BROKER brokers to another motor carrier.

  • The Series C Bonds shall be issued under (i) the Los Angeles County Transportation Authority Commission Revenue Bond Act, Section 130500 et seq.

  • Within seventy-five (75) days following the Maturity Date, Maker will deliver to the Sellers’ Representative a written statement including supporting calculations (the “Adjustment Report”), in a format to be reasonably agreed by Maker and Sellers’ Representative, setting forth Maker’s calculation of Average 12-Month Commission Revenue, the Adjusted Principal Amount and the Interest Amount as of the Maturity Date.

  • Any additional fees above standard support and billing incurred by LaRoss to support the migration of customers will be priced at market rate and subtracted from Local’s final month Collected Billing *** Portions of this page have been omitted pursuant to a request for confidential treatment and filed separately with the Securities and Exchange Commission Revenue share.

  • The Net Commission Revenue Statement and the adjustment to shareholder equity as reflected on the Adjusted Effective Date Balance Sheet shall be final and binding on Sellers unless they give written notice to Buyers of their disagreement with respect to any matter contained therein (the "Notice of Disagreement") within 45 days after the receipt thereof.