Override Payments definition
Examples of Override Payments in a sentence
Override Payments: MassMutual may make override payments to sales and/or servicing organizations to defray a portion of the organization’s cost of maintaining its sales and servicing representatives.
Although the First Initial Payment will be non-refundable, the amount of such First Initial Payment shall be offset against any Override Payments due to Frontier.
The Volume Override Payments and Profit Participation Payments payable for all such periods, up to an aggregate amount not to exceed $1,019,084.21 per annum, shall be paid to the Executive as if payable under Section 2.4(d) of the Merger Agreement, and the Company and the Executive agree to treat payments up to such aggregate amount in all respects as if they had been paid pursuant to the Merger Agreement.
Such Placement Fees, including an Initial Placement Fee and Override Payments, shall be determined in accordance with this Section 5.2.
Although the Second Initial Payment will be non-refundable, the amount of such Second Initial Payment (in addition to the First Initial Payment) shall be offset against any Override Payments due to Frontier under this Agreement.