Indemnity Commission definition
Indemnity Commission means any Initial Commission paid in advance of being earned (and references to payment of Commission on an Indemnity basis shall be construed accordingly).
Indemnity Commission any Commission consisting of or including any element of increased or advance Commission which we may pay (subject to any discount for early payment at a rate we determine from time to time in our discretion) in our absolute discretion in accordance with this Agreement and which is liable to be repaid to us and/or clawed back in accordance with this Terms. "Initial Commission" Commission payable on entry of a Client into a Product.
Indemnity Commission means Commission which is payable in a single lump sum as set out in Schedule 2 and subject to the provisions of clause 5;
Examples of Indemnity Commission in a sentence
Without limiting our discretion in any way, this may include payment of Indemnity Commission by us when we determine that a Product is on risk.
Payment of Indemnity Commission shall be in our absolute discretion as will be the frequency with which it is paid.
Indemnity Commission is payable in our discretion and in accordance with the Agreement and is subject to repayment on demand in accordance with the Agreement.
Where we are prepared to pay Indemnity Commission, we will (without limiting our discretion) normally do so after the time when we consider a Product is on-risk.
More Definitions of Indemnity Commission
Indemnity Commission means an advanced payment of Service Commission by LifeQuote to the Intermediary which has not been earned at the date of payment, taking into account the Indemnity Period in respect of a particular Product;
Indemnity Commission means an immediate advance of the full initial Commission discounted at 1% per month compound due to be earned over the initial period as set out in the relevant Policy and quotation.