Initial Commission definition

Initial Commission means any amount paid by the Society to an Intermediary for the introduction of a Client who takes out a Contract with the Society or who amends an existing Contract that has the effect of increasing the level of premiums payable.
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Initial Commission means commission paid to the Introducer as a one-off
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Initial Commission the commission payable by Fairmead to the Intermediary on the premiums or instalments paid or to be paid by a Policyholder to Fairmead in respect of a Policy during the first 12 months of the policy;
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Examples of Initial Commission in a sentence

  • Note that the first and second commission payments, when added together, equal the applicable full Initial Commission, regardless of the enrollment effective date or month.

  • Initial Commission will be paid by the investor directly to the distributor, based on assessment of various factors including the service rendered by the Distributor.

  • Provided, however, that the total of the Subsequent Commissions plus the Initial Commission shall not exceed 10% of applicable Units’ initial sale price.

  • A pro rata portion of the Initial Commission will be paid to the Additional Selling Agent on a monthly basis (i.e., one twelfth of the Initial Commission per month), commencing no later than the 20th calendar day of the month following the month in which an applicable purchase of Units occurs, until the entire Initial Commission is paid in full.

  • Initial Commission can be given up in favour of Renewal Commission at the rate of 0.1% of Renewal Commission for each 0.6% of Initial Commission.


More Definitions of Initial Commission

Initial Commission has the meaning specified as such in the Pricing Supplement.
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Initial Commission. – means the Initial Commission as described in section 9.
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Initial Commission means commission payable by Sterling and payable to the Intermediary, as described in clause 3.3;
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Initial Commission means, either:
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Initial Commission means initial commission at the rates set out in the Exeter Commission Schedule.
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Initial Commission means the Initial Annualised Premium x Initial Total Participants x Initial Commission Rate
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Initial Commission means a commission for an Initial Enrollment.
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