Commission Schedule definition
Examples of Commission Schedule in a sentence
Also, repayment of commissions may apply to surrenders as specified in the Commission Schedule.
The amount of compensation payable under this section (hereinafter “Compensation”) shall be in accordance with the Company’s Commission Schedule in effect as of the date of issue, as determined by the Company for each Contract or Policy.
Commissions payable hereunder are specified in the Commission Schedule which is attached hereto as Exhibit B and incorporated herein by reference.
Such Commission Schedule may be amended or modified at any time without notice.
In the event that a beneficiary of a Contract under this Commission Schedule applies the death benefit to one of the annuity options under the Contract, no commission will be payable upon such application.