Trail Commission definition
Trail Commission refers to an amount equal to an annual percentage of the Certificate Account Value. Trail commissions will be initially calculated as of the date specified in the above paragraph. Once trail commissions have commenced, trail commissions shall be computed on each quarterly Certificate anniversary by multiplying 0.0625% (in the case of a 0.25% trail commission), 0.125% (in the case of a 0.50% trail commission) or 0.1875% (in the case of a 0.75% trail commission) by the Certificate Account Value computed on each quarterly Certificate anniversary. Trail commissions shall be paid at the calendar quarter end which follows the computation of the trail commission. Trail commissions shall continue until annuitization, surrender, or death which requires distribution of the Certificate Account Value.
Trail Commission means ongoing commission payable by NAB in respect of a loan at the rate, and in accordance with this Schedule 3 (Commission).
Trail Commission refers to an amount equal to an annual percentage of the Contract Account Value. Trail commissions shall be computed at each quarterly contract anniversary (upon the stated commencement period) by multiplying 0.0625% (0.25% annually) or 0.125% (in the case of a 0.50% trail commission) by the Contract Account Value computed on each quarterly contract anniversary. Trail commissions shall be paid at the end of the calendar quarter which follows the computation of the trail commission. Trail commissions shall continue until annuitization, surrender, or death which requires distribution of the Contract Account Value.
Examples of Trail Commission in a sentence
Payment for each quarter's Supplemental Trail Commission shall be final, and no credits or additions or adjustments shall be made to it.
In no event will Supplemental Trail Commission be paid on a contract less than one year old.
No Supplemental Trail Commission will be payable for the quarter in which that third anniversary of termination occurs, or thereafter.
In the event that notice of termination of this entire Agreement is given by any party hereto, the obligation to pay the Supplemental Trail Commission will survive for three years from the effective date of such termination.
Annual Rate of the Supplemental Trail Commission for Option C = 100 basis points as shown in Addendum A hereto.
More Definitions of Trail Commission
Trail Commission. A trail commission shall be credited on an annualized basis. Such trail commission shall be computed monthly as of the end of each policy month on the policy's Accumulated Value less policy debt. The total of such amounts shall be payable annually at policy anniversary.
Trail Commission is computed monthly based upon the Contract's Accumulated Value less any Contract debt (including any interest accrued but not yet paid), as of the beginning of each policy month. The monthly rate used will be the Trail Commission rate in the rate schedule above, divided by 12. Trail Commission payments will be made annually on each Contract anniversary. Trail Commission will be paid only if the Contract is in force on the date the Trail Commission is payable. There is no chargeback on trail commission upon lapse or surrender.
Trail Commission. – means the trail commission described in section 10.
Trail Commission refers to an amount equal to an annual percentage of the Contract Account Value. Trail commissions will be initially calculated as of the date specified in the above paragraph. Once trail commissions have commenced, trail commissions shall be computed on each quarterly contract anniversary by multiplying 0.0625% (in the case of a 0.25% trail commission), 0.25% (in the case of a 1.0% trail commission) by the Contract Account Value computed on each quarterly contract anniversary. Trail commissions shall be paid at the calendar quarter end which follows the computation of the trail commission. Trail commissions shall continue until annuitization, surrender, or death which requires distribution of the Contract Account Value.
Trail Commission. Means any commission payable on home loans and lines of credit
Trail Commission means trail commission payable under the Commission Schedule.
Trail Commission means Commission payable by the AMC/Mutual Fund to <Name of Distributor> based on the length of time the Customers stay invested in the Schemes as per the rates and terms and conditions as may be communicated by the AMC to <Name of Distributor> from time to time.