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.
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Trail Commission means ongoing commission payable by NAB in respect of a loan at the rate, and in accordance with this Schedule 3 (Commission).
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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.
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Examples of Trail Commission in a sentence

  • The Trail Commission is calculated on the basis of ‘Daily Average Assets'.

  • 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.

  • FESC: None Dealer Concession: 4.0% (5-1/4% on Class H) CDSC: 4%, 4%, 3%, 3%, 2%, 1% (6 years) Conversion to Class A: Year 9 Total 12b-1 Fees: 1.0% Trail Commission: .25% (No Trail Commission on Class H shares) CLASS C SHARES FESC: None Dealer Concession: 1.0% CDSC: 1% for 1 year Conversion to A: None Total 12b-1 Fees: 1.0% Trail Commission: 1.0% (Beginning in Year 2) A-2 FORTIS EQUITY PORTFOLIOS, INC.

  • 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.


More Definitions of Trail 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.
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Trail Commission means trail commission payable under the Commission Schedule.
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Trail Commission. A trail commission of 0.20% on an annualized basis shall be computed monthly as of the end of each policy month on the policy's excess of the Accumulated Value, less any outstanding policy indebtedness, over $50,000 and payable annually on each policy anniversary date, provided the policy is in force on such date.
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Trail Commission. Means any commission payable on home loans and lines of credit
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Trail Commission. – means the trail commission described in section 10.
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Trail Commission means the commission expressed as a percentage (as set out in the Policy Schedule) of the Unit Value, if any, payable to an Intermediary on the first Working Day of the month in which each anniversary of the Commencement Date falls while the Policy is in force.
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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.
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