Unearned Commissions definition

Unearned Commissions means the portion of reinsurance commissions within a policy term which have not yet earned.
Unearned Commissions means the portion of any Commissions which relates to a policy sold or brokered by any of the Target Entities or any of their respective Affiliates pursuant to a Carrier Agreement which is cancelled or adjusted to reduce coverage.
Unearned Commissions means those amounts the Referral Partner is obligated to repay the Company under Section 3.4(c), titled “Unearned Commissions.”

Examples of Unearned Commissions in a sentence

  • Representative shall pay to DW on demand Unearned Commissions paid to Representative, or DW may deduct any such Unearned Commissions from any sums due Representative, including without limitation, Commissions payable.

  • Commissions earned and accrued during a calendar month, less any applicable Unearned Commissions shall be paid by DW to Representative on the last day of the calendar month immediately following such calendar month.

  • In addition, the Company may take all actions it deems necessary to seek the recovery of any PO Advances and/or Unearned Commissions paid with respect to an Incomplete PO.

  • Broker Pays 25 Million population for Using Market Volatility to Hide Markups Yielding Unearned Commissions Last week Louis.

  • The Executive agrees that the Company may deduct from any amounts that the Company would otherwise owe to the Executive pursuant to the terms of this Agreement the full amount of the Unearned Commissions, with the Executive remaining liable for any amounts thereof not so offset.

  • Unearned Commissions shall be returned to Agile Premium Finance within 10-days of receipt of returned credits from Insurer.

  • The Independent Contractor agrees that NAA® may rely upon information received from the applicable Carrier as conclusive in the determination of Unearned Commissions and Chargebacks due either party under this Agreement.

  • Ifany premiums relating to the sale ofthe Company Product are returned or the Company becomes liable for non-payment of such premiums (the "Unearned Commissions"), the Representative shall pay to the Company an amount equal to the Unearned Commissions that was previously advanced or credited to the Representative.

  • To reflect changes that have come into force since the 2015 financial statements in connection with the financial operations in the case of inter-company pooling reinsurance agreements, the wording of the line 9 in the section "Premium Liabilities" of the certificate has been changed of "Unearned Commissions" for "Unearned commissions + Ceded deferred premium taxes + Ceded deferred insurance operations expenses".

  • In such case, the Company may either (i) bill the Referral Partner for such Unearned Commissions, which bill shall be paid by Referral Partner within thirty (30) days of the date of the applicable Company invoice, or (ii) set-off the amount of such Unearned Commissions against any other Referral Commissions otherwise payable to Referral Partner.

Related to Unearned Commissions

  • Unearned income means any income which is not earned income and includes supplemental security income (SSI) and other funds available to a child residing in a foster care placement.

  • Earned Compensation means any Annual Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends pursuant to Section 3(a) (but excluding any salary and interest accrued thereon payment of which has been deferred).

  • Sales Commissions means any and all commissions payable to underwriters, dealer managers or other broker-dealers in connection with the sale of Stock, including, without limitation, commissions payable to the Dealer Manager.

  • Selling Commissions means any and all commissions payable to underwriters, dealer managers or other broker-dealers in connection with the sale of Shares, including, without limitation, commissions payable to the Dealer Manager.

  • Medicare eligible expenses means expenses of the kinds covered by Medicare Parts A and B, to the extent recognized as reasonable and medically necessary by Medicare.

  • Part-Time Employees means employees employed on a permanent basis, but obligated to work less than a full (i.e., forty-hour) work week.

  • the Commission means the Charity Commission for England and Wales;

  • Earned Income means the same as that term is defined in § 32(c) of the Internal Revenue Code. The

  • Covered Compensation means any Incentive-Based Compensation granted, vested or paid to a person who served as an Executive Officer at any time during the performance period for the Incentive-Based Compensation and that was Received (i) on or after October 2, 2023 (the effective date of the Nasdaq listing standards), (ii) after the person became an Executive Officer, and (iii) at a time that the Company had a class of securities listed on a national securities exchange or a national securities association such as Nasdaq.

  • Leasing Commissions means leasing commissions incurred by Borrower in connection with leasing any Mortgaged Property or any portion thereof (including renewals of existing Leases).

  • Commissions means the Commissions with Jurisdiction over the Issuer (as defined on page 4) and the securities commissions incorporated in the definition of this term in other parts of the Subscription Agreement;

  • disability living allowance means a disability living allowance under section 71 of the SSCBA;

  • Medicare Levy Surcharge means an extra charge payable by high income earners beyond the standard Medicare Levy if they do not have qualifying private hospital insurance coverage. This charge is assessed as part of an individual or family’s annual tax return.

  • Earned Bonus means the bonus paid, if any, pursuant to the Company’s incentive compensation plans in effect from time to time. Earned Bonus shall be prorated based on the ratio of the number of days during such year that Executive was employed to 365.

  • Election Assistance Commission means the commission established by Public

  • Planning Commission means the Planning Commission of the City.

  • Diocesan Schools Commission means the education service provided by the diocese, which may also be known, or referred to, as the Diocesan Education Service.

  • Housing commission means a housing commission or housing authority as defined under section 3 of the housing cooperation law, 1937 PA 293, MCL 125.603.

  • Selling Commission means three percent (3.0%) of the gross proceeds of Shares sold pursuant to this Agreement, or as otherwise agreed between the Company and the Agent with respect to any Shares sold pursuant to this Agreement.

  • University Grants Commission means the Commission established under section 4 of the University Grants Commission Act, 1956 (Central Act 3 of 1956);

  • Accrued Professional Compensation means, at any given moment, all accrued, contingent and/or unpaid fees and expenses (including, without limitation, success fees) for legal, financial advisory, accounting and other services and reimbursement of expenses that are awardable and allowable under section 328, 330(a) or 331 of the Bankruptcy Code and were rendered before the Effective Date by any Retained Professional in the Chapter 11 Cases, or that are awardable and allowable under section 503 of the Bankruptcy Code, that have not been denied by a Final Order, all to the extent that any such fees and expenses have not been previously paid (regardless of whether a fee application has been filed for any such amount). To the extent that the Bankruptcy Court or any higher court denies or reduces by a Final Order any amount of a Retained Professional’s fees or expenses, then those reduced or denied amounts shall no longer constitute Accrued Professional Compensation.

  • Commissary means a food establishment used for preparing, fabricating, packaging and storage of food or food products for distribution and sale through the food establishment’s own outlets.

  • Applicable Wages means the basic straight time wages for all hours worked, including:

  • Wages is defined as the amount of money the employee would have otherwise received over a period of absence, excluding overtime.

  • Premiums means premiums, considerations, deposits and similar receipts with respect to the Policies or Post-Closing Policies.

  • Railways Commission means the Western Australian Government Railways Commission established pursuant to the Government Railways Xxx 0000;