Override Commission definition

Override Commission means compensation received for the sale of insurance by a licensee who is not directly involved with a consumer.
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Override Commission means any commission payable pursuant to subparagraphs c., d. or e. below, and the term "Other Incentive Compensation" shall mean any compensation payable pursuant to subparagraphs f., g. or h. below. Except for Override Commission and Other Incentive Compensation, Distributor's compensation under this Agreement for the performance of its obligations hereunder as a distributor will be the profits received by Distributor upon resale of Products purchased by the Distributor under the pricing terms set forth in Exhibit B hereto. In no event will Distributor be entitled to any payment for goodwill inuring to Argo-Tech's benefit which results from Distributor's performance hereunder; and neither Distributor nor Argo-Tech will be liable for damages on account of any loss of prospective profits, or any expenditure, investment, or obligations made or incurred by the other.
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Override Commission means the applicable percentage of Reinsured Contract Premium for each Reinsured Contract as such percentage is set forth under the column denoted "Cede Comm." on Schedule 1.2.
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Examples of Override Commission in a sentence

  • No further Production Override Commission will be owed or calculated for any Underwriting Year beginning after the end of ***.

  • The parties hereto hereby agree to amend, revise, and change the Agreement as follows: Schedule D - Production Override Commission The Company will pay the Administrator production overrides based on the Earned Premium (calculated in accordance with GAAP) attributable to each corresponding Underwriting Year of the program.

  • Written Commission, brokerage and Override Commission plus deferred acquisition costs at the beginning of the Period less deferred acquisition costs at the end of the Period.

  • For sales not the result of the direct efforts of Employee, Employee shall receive an "Override Commission" of three percent (3%).

  • Fifty percent of the Override Commission will be paid cash and Fifty percent will be paid in common shares of the Company.

  • Override Commission In addition to the commissions specified above, Transamerica shall pay to LMG an Override Commission for each of the aforementioned SelectMark(SM) products on the last business day of the week o of all premiums received by LMG during that week.

  • The above referenced Override Commission percentage includes o which is paid back to the carrier at the end of each fiscal year [fiscal year begins with the first month that any premium received by LMG, i.e., August -July] for the Policies referenced in APPENDIX A for the first o of premium paid, net of free looks.

  • Such reports will include information on the amount of Reinsurance Premiums, Benefit Payments, and the Override Commission.

  • Any monies that may be paid by RSC to RR as an advance loan against RR's commission or Override Commission, either or both of which are yet to be earned.

  • Termination of Override Commission .....................76 Section 11.11.


More Definitions of Override Commission

Override Commission shall have the meaning given thereto in each of the Yamada Distributorship Agreement and the Yamada-Japan Distributorship Agreement.
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Override Commission means, for each Override Policy, the advance against the Carrier Commission paid by Efinancial to Agent. Override Commissions paid by Efinancial to Agent shall be an indebtedness of Agent to Efinancial.
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