Future Commissions definition

Future Commissions means Commissions earned after the Effective Date of this Producer Class Action Settlement Agreement under the terms and conditions of a Settlement Class Member’s then-existing and in-force agreement with Defendants, if any, and calculated and paid on the same basis as Defendants are currently calculating and paying commissions due under such agreements; provided, further that Future Commissions do not include (1) Commissions on premiums paid by policyholders due to premium rate increases on long-term care insurance policies; (2) Commissions arising from, based on, or related to the failure to properly calculate and/or pay Commissions in accordance with the vesting provisions of any agreement(s) with Defendants; or (3) Commissions arising from or related to Defendants’ allegedly improper replacement of any person or entity as the agent of record in connection with a sale of an insurance policy.
Sample 1
Future Commissions shall have the meaning set forth in Section 11.1.3. "Governmental Body" or "Governmental Bodies" shall have the meaning set forth in
Sample 1
Future Commissions means the number of years remaining in the Term times the most recent five (5) Agreement Year annual average Commission stream of actual amounts paid as Commissions hereunder; provided, however, if at the time of the default termination less than five (5) full years have elapsed from and after the Commencement Date, Future Commissions shall be determined by reference to Contractor's Commissions projections submitted with its last bid to Licensor (upon which Licensor accepted Contractor's bid).
Sample 1

Examples of Future Commissions in a sentence

  • Commissions on Forecasted Opportunities (the “Future Commissions”) shall be paid in accordance with Section 5 hereof, except that Future Commissions shall only be paid through the third anniversary of the date of termination or expiration of this Agreement.

  • The foregoing representation and warranty with respect to the Payable Commissions and Future Commissions shall be deemed modified at Closing to reflect any commissions payable with respect to any Leases entered into, modified or terminated pursuant to the terms of this Agreement or in the event of a termination, renewal, extension, expansion, rent increase/decrease or like event occurring pursuant to the terms of the relevant Lease.

  • Future Commissions may, from time to time, adopt, amend or repeal specific ordinances.

  • Commissions on Forecasted Opportunities (the “Future Commissions”) shall be paid in accordance with Section 7 hereof, except that Future Commissions shall only be paid through the third anniversary of the date of termination or expiration of this Agreement.

  • Seller shall be responsible for the payment of all Commissions (as defined below); Purchaser shall be responsible for the payment of all Future Commissions (as defined below).

  • Future Commissions will also not be paid if the Company discovers Xxxxxx has committed any of the offenses outlined in sections 11 or 15(b) after this Contract has terminated.

  • Proposed PUC Code Chapters 54 and 69, Generally: The Commission Should Provide Greater Certainty Regarding Pennsylvania’s Market Structure by Encouraging Future Commissions to Adhere to the Tenets of the Policy Statement and Be Cognizant of the Need for Regulatory Stability.

  • In June 2004, Eustace, on behalf of the Offshore Fund, established a business relationship with Man, registered with the NFA as a Future Commissions Merchant (“FCM”), which provides services to other FCMs and customers, including executing and clearing trades through the commodity futures markets and exchanges.On behalf of the Offshore Fund, Eustace signed various agreements with Man, including a Customer Agreement, which is the operating contract for the relationship between the Offshore Fund and Man.

  • Twenty leaders in the field of governance were interviewed, including representatives from Hong Kong Exchanges and Clearing Limited, Securities and Future Commissions, Companies Registry, directors of listed companies and, of course, company secretaries.

  • If, as of the applicable Closing Date, there remains payable any brokerage commissions for any of the Leases that remain in effect on the Closing Date (other than the Future Commissions), then Purchaser shall be entitled to a credit in the amount thereof, provided that Purchaser shall be responsible for the payment of such brokerage commission(s) from and after the applicable Closing Date.


More Definitions of Future Commissions

Future Commissions means leasing commissions which, pursuant to the Brokerage Agreements described in Schedule D, become due as a result of the exercise after the date hereof of any renewal, extension, expansion or other option under an Existing Lease. “Tenant’s Broker” shall mean the “Broker” as defined in each of the Brokerage Agreements described in “Schedule D” attached hereto. If as of the
Sample 1
Future Commissions means (i) any leasing commissions which become due and payable after the Effective Date and arise from and by reason of the exercise of any renewal option, extension option, expansion option, lease of additional space, right of first offer, right of first refusal or similar right or option in any such Lease, which is first exercised after the Effective Date, and (ii) all leasing commissions which may become due and payable (whether before or after the Closing Date) in connection with any new Lease entered into between the Effective Date and the Closing Date, in each case which have been approved (or deemed approved) by Purchaser to the extent required by the terms hereof. If as of the Closing Date Seller shall have not paid any Commissions for which Seller is responsible pursuant to the foregoing provisions, then (a) Purchaser shall receive a credit against the Purchase Price in an amount equal to such unpaid Commissions, (b) Purchaser shall thereby assume the obligation of Seller to pay such Commissions, and (c) Seller shall no longer be responsible for the payment of such Commissions.
Sample 1
Future Commissions means, with respect to the applicable Individual Premises, (1) the leasing commissions set forth on Schedule 7(h) for such Individual Premises, (2) any leasing commissions which may become due and payable (whether before or after the Closing Date) pursuant to the Brokerage Agreements (as hereinafter defined) by reason of the exercise by a tenant under a Lease of any renewal option, extension option, expansion option, lease of additional space, right of first offer, right of first refusal or similar right or option or the lapse or waiver by a tenant under a Lease of any right of cancellation in each case on or after the date hereof, and (3) all leasing commissions which may become due and payable (whether before or after the Closing Date) in connection with any new Leases entered into between the date hereof and the Closing Date and which have been approved (or deemed approved) by Purchaser to the extent required by the terms hereof (including, without limitation, in connection with any Pending Lease Transaction). If, as of the Closing Date, Seller shall have paid any leasing commissions for which Purchaser is responsible pursuant to the foregoing provisions, Purchaser shall reimburse Seller therefor at Closing; provided, that Seller shall supply invoices and statements for all such leasing commissions to Purchaser prior to the Closing Date. If, as of the applicable Closing Date, there remains payable any brokerage commissions for any of the Leases that remain in effect on the Closing Date (other than the Future Commissions), then Purchaser shall be entitled to a credit in the amount thereof, provided that Purchaser shall be responsible for the payment of such brokerage commission(s) from and after the applicable Closing Date. Purchaser shall indemnify and hold Seller harmless with regard to the payment of such brokerage commission(s) for which Purchaser has received a credit for at such Closing.
Sample 1

Related to Future Commissions

  • the Commission means the Charity Commission for England and Wales;

  • Pre-commissioning means the testing, checking, and any other required activity that may be specified in the Technical Requirements that are to be carried out by the Supplier in preparation for Commissioning of the System as provided in GCC Clause 26 (Installation).

  • Diocesan Schools Commission means the education service provided by the diocese, which may also be known, or referred to, as the Diocesan Education Service.

  • Sales Commissions means any and all commissions payable to underwriters, dealer managers or other broker-dealers in connection with the sale of Stock, including, without limitation, commissions payable to the Dealer Manager.

  • Selling Commissions means any and all commissions payable to underwriters, dealer managers or other broker-dealers in connection with the sale of Shares, including, without limitation, commissions payable to the Dealer Manager.

  • Railways Commission means the Western Australian Government Railways Commission established pursuant to the Government Railways Xxx 0000;

  • Central Commission means the Central Electricity Regulatory Commission referred to in sub-section (1) of section 76 of the Act;

  • Ceding Commission means [REDACTED]. ]

  • Selling Commission means three percent (3.0%) of the gross proceeds of Shares sold pursuant to this Agreement, or as otherwise agreed between the Company and the Agent with respect to any Shares sold pursuant to this Agreement.

  • Public Service Commission means the Public Service Commission constituted under this Constitution;

  • Securities Commissions means the securities commission or other securities regulatory authority in each of the Qualifying Jurisdictions;

  • Nuclear Regulatory Commission (NRC) means the U.S. Nuclear Regulatory Commission or its duly authorized representatives.

  • Commission Comments means written comments pertaining solely to Rule 415 which are received by the Company from the Commission, and a copy of which shall have been provided by the Company to the Holder, to a filed Registration Statement which limit the amount of shares which may be included therein to a number of shares which is less than such amount sought to be included thereon as filed with the Commission.

  • Tax Commission means the Oklahoma Tax Commission;

  • Leasing Commissions means leasing commissions incurred by Borrower in connection with leasing any Mortgaged Property or any portion thereof (including renewals of existing Leases).

  • Planning Commission means the Planning Commission of the City.

  • Commission Share means each C share issued under circumstances which would normally give rise to an obligation of the holder of such share to pay a CDSC upon redemption of such share (including, without limitation, any C share issued in connection with a permitted free exchange), and any such share shall continue to be a Commission Share of the applicable Fund prior to the redemption (including a redemption in connection with a permitted free exchange) or conversion of such share, even though the obligation to pay the CDSC may have expired or conditions for waivers thereof may exist.

  • Joint Commission means the accrediting body whose standards are referred to in these Bylaws.

  • Securities Regulatory Authorities means the securities commission or similar regulatory authority in each province and territory of Canada that is responsible for administering the Canadian securities legislation in force in such jurisdictions;

  • Lifetime health cover loading means the increased premiums payable by an insured person who does not take out an appropriate hospital cover prior to 1 July following their 31st birthday.

  • Public Procurement Regulatory Authority (PPRA) means the Government Agency responsible for oversight of public procurement.

  • Election Commission means the Election Commission appointed by the President under article 324;

  • the Commissioner means the Information Commissioner;

  • University Grants Commission means the Commission established under section 4 of the University Grants Commission Act, 1956 (Central Act 3 of 1956);

  • Regulatory Authorities means the Commissions and the Exchange;

  • Housing commission means a housing commission or housing authority as defined under section 3 of the housing cooperation law, 1937 PA 293, MCL 125.603.