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.

Initial Commission means initial commission at the rates set out in the Exeter Commission Schedule.

Initial Commission means a commission for an Initial Enrollment.

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.

• 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.

• In respect of its duties under this Agreement, in no event may an Additional Selling Agent be entitled to receive any more than one of the foregoing two methods of remuneration (Initial Commission and Subsequent Commission) with respect to a Unit for the same month(s) or any other given time period.

• Should the Therapy Plan Subscriber default during the term of the Therapy Plan or cancel within the 30-Day ResMed Sleep-on-it Promise, you will be liable to ResMed in accordance with the table below: Time PeriodAmount Payable to ResMed - % of Initial Commission PaymentFirst 6 months50%6-18 months25% Note: a default is defined by 12 consecutive missed weekly payments with the penalty applied based on the date of the first missed payment.

More Definitions of Initial Commission

Initial Commission means commission payable by Sterling and payable to the Intermediary, as described in clause 3.3;

Initial Commission means commission payable by ZAL to the Intermediary on premiums paid during the initial commission period as described in the tables at the end of this Commission Guide.

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;

Initial Commission means, either:

Initial Commission. – means the Initial Commission as described in section 9.

Initial Commission has the meaning specified as such in the Pricing Supplement.

Initial Commission means commission paid to the Introducer as a one-off