UP FRONT COMMISSIONS definition

UP FRONT COMMISSIONS. The rate of commissions paid on Purchase Payments made with respect to each particular Contract is based on the issue age of the Owner (or of the Annuitant if the Contract is owned by a non-natural person) as set forth in the tables below. You may select one of Commission Options A through D as shown in the table below at the time of application for each Contract. IF NO SELECTION IS MADE ON THE APPLICATION, SBL WILL PAY YOU PURSUANT TO OPTION B. You may select a different option for each Contract but may not change the Option in effect after the Contract is issued. ---------------------- ----------------------- --------------------- ---------------------- COMMISSION OPTION OPTION A OPTION B OPTION C OPTION D ---------------------- ----------------------- --------------------- ---------------------- ---------- ----------- ---------- ----------- ---------- ----------- ---------- ----------- OWNER ISSUE AGE 0 - 80 81 - 90 0 - 80 81 - 90 0 - 80 81 - 90 0 - 80 81 - 90 ---------- ----------- ---------- ----------- ---------- ----------- ---------- ----------- 6.50% 2.50% 5.00% 2.50% 2.50% 2.50% 0.00% 0.00% ---------- ----------- ---------- ----------- ---------- ----------- ---------- ----------- * No Commission will be paid on Purchase Payments made that are less than the minimum specified in the applicable prospectus and Contract.
Sample 1
UP FRONT COMMISSIONS. The rate of commissions paid on each Purchase Payment made with respect to each particular Contract is based on the issue age of the Owner (or of the Annuitant if the Contract is owned by a non-natural person) as set forth in the tables below. You may select one of Commission Options A through D as shown in the table below at the time of application for each Contract. IF NO SELECTION IS MADE ON THE APPLICATION, SBL WILL PAY YOU PURSUANT TO OPTION A. You may select a different option for each Contract but may not change the Option in effect after the Contract is issued. ---------------------- ---------------------- ---------------------- ---------------------- COMMISSION OPTION OPTION A OPTION B OPTION C OPTION D ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- OWNER ISSUE AGE 0 - 80 0 - 80 0 - 80 0 - 80 ---------------------- ---------------------- ---------------------- ---------------------- 8.00% 6.00% 4.00% 2.00% ---------------------- ---------------------- ---------------------- ---------------------- No Commission will be paid on Purchase Payments made that are less than the minimum specified in the applicable prospectus and Contract, or for Purchase Payments made on a contract for which the issue age of the Owner and/or Annuitant is older than age 80.
Sample 1
UP FRONT COMMISSIONS. No upfront commission is payable to the Marketing Organization on Purchase Payments made with respect to each particular Contract.
Sample 1Sample 2

More Definitions of UP FRONT COMMISSIONS

UP FRONT COMMISSIONS. The rate of commissions paid on Purchase Payments made with respect to each particular Contract is based on the issue age of the Owner (or of the Annuitant if the Contract is owned by a non-natural person) as set forth in the tables below. You may select one of Commission Options A through D as shown in the table below at the time of application for each Contract. If no selection is made on the application, SDI will pay you pursuant to Option B. You may select a different option for each Contract but may not change the Option in effect after the Contract is issued. Commission Option OPTION A* OPTION B OPTION C OPTION D 6.50% 0.00% 5.00% 2.50% 2.50% 0.00% 0.00% 0.00% No Commission will be paid on Purchase Payments made that are less than the minimum specified in the applicable prospectus and Contract. *Commission Option A is not available in connection with a Contract qualified under Section 401, 403 or 457 of the Internal Revenue Code. Option A is available, however, in connection with a Contract issued as an individual retirement annuity under Section 408 or 408A of the Code. ASSET-BASED COMMISSIONS: Under Commission Options B, C and D, SDI will pay an asset-based commission as of the end of each calendar month. The amount of the asset-based commission under each Option is equal to 1/12 of the applicable percentage set forth in the table below times the aggregate Contract Value of those Contracts sold under the applicable Commission Option for which Marketing Organization is the broker of record and, with respect to Options B and C only, the initial Purchase Payment is more than 12 months old. For Option D only, the asset-based commission will be paid as of the end of the first calendar month of the Contract Date. On an annual basis, the asset-based commission is equal to the amount set forth in the Table below. No asset-based commission will be paid on Contracts that have annuitized under a life contingent annuity option. An Annuitization Fee may be available as discussed in paragraph 7. Commission Option OPTION A* OPTION B OPTION C OPTION D 0 bps 0 bps 25 bps 25 bps 45 bps 0 bps 65 bps 60 bps *Commission Option A is not available in connection with a Contract qualified under Section 401, 403 or 457 of the Internal Revenue Code. Option A is available, however, in connection with a Contract issued as an individual retirement annuity under Section 408 or 408A of the Code. ALTERNATE WITHDRAWAL CHARGE RIDER: For a Contract sold with an Alternate Withdrawal C...
Sample 1
UP FRONT COMMISSIONS. The rate of commissions paid on Purchase Payments made with respect to each particular Contract is based on the issue age of the Owner (or of the Annuitant if the Contract is owned by a non-natural person) as set forth in the tables below. You may select one of Commission Options A through D as shown in the table below at the time of application for each Contract. IF NO SELECTION IS MADE ON THE APPLICATION, SDI WILL PAY YOU PURSUANT TO OPTION B. You may select a different option for each Contract but may not change the Option in effect after the Contract is issued. COMMISSION OPTION OPTION A OPTION B OPTION C OPTION D --------------------------------------------------------------------------------------- OWNER ISSUE AGE 0-80 81-85 0-80 81-85 0-80 81-85 0-80 81-85 6.50% 0.00% 5.00% 2.50% 2.50% 0.00% 0.00% 0.00% *No Commission will be paid on Purchase Payments made that are less than the minimum specified in the applicable prospectus and Contract. **Option A is not available in connection with a Contract qualified under Section 401, 403 or 457 of the Internal Revenue Code. Option A is available, however, in connection with a Contract issued as an individual retirement annuity under Section 408 or 408A of the Code.
Sample 1
UP FRONT COMMISSIONS. The rate of commissions paid on Purchase Payments made with respect to each particular Contract is based on the issue age of the Owner (or of the Annuitant if the Contract is owned by a non-natural person) as set forth in the tables below. You may select one of Commission Options A through D as shown in the table below at the time of application for each Contract; provided however, that Option A is not available for certain qualified Contracts.. IF NO SELECTION IS MADE ON THE APPLICATION, SDI WILL PAY YOU PURSUANT TO OPTION B. You may select a different option for each Contract but may not change the Option in effect after the Contract is issued. No commission will be paid on Purchase Payments made that are less than the minimum specified in the applicable prospectus and Contract. ---------------------- ----------------------- --------------------- ---------------------- COMMISSION OPTION OPTION A* OPTION B OPTION C OPTION D ---------------------- ----------------------- --------------------- ---------------------- ---------- ----------- ---------- ----------- ---------- ----------- ---------- ----------- OWNER ISSUE AGE 0 - 80 81 - 85 0 - 80 81 - 85 0 - 80 81 - 85 0 - 80 81 - 85 ---------- ----------- ---------- ----------- ---------- ----------- ---------- ----------- 6.50% 0.00% 5.00% 2.50% 2.50% 0.00% 0.00% 0.00% ---------- ----------- ---------- ----------- ---------- ----------- ---------- ----------- *Commission Option A is not available in connection with a Contract qualified under Section 401, 403 or 457 of the Internal Revenue Code. Option A is available, however, in connection with a Contract issued as an individual retirement annuity under Section 408 or 408A of the Code.
Sample 1
UP FRONT COMMISSIONS. The rate of commission paid on Purchase Payments made with respect to each particular Contract is based on the issue age of the oldest Owner (or of the Annuitant if the Contract is owned by a non-natural person) and the allocation of each Purchase Payment as shown in the tables below.
Sample 1
UP FRONT COMMISSIONS. The rate of commissions paid on Purchase Payments made with respect to each particular Contract is based on the issue age of the Owner (or of the Annuitant if the Contract is owned by a non-natural person) as set forth in the tables below. You may select one of Commission Options A through D as shown in the table below at the time of application for each Contract. If no selection is made on the application, SBL will pay you pursuant to Option B. You may select a different option for each Contract but may not change the Option in effect after the Contract is issued. ---------------------- ----------------------- COMMISSION OPTION OPTION A OPTION B ---------------------- ----------------------- ---------- ----------- ---------- ----------- OWNER ISSUE AGE 0 - 80 81 - 90 0 - 80 81 - 90 ---------- ----------- ---------- ----------- ---------- ----------- ---------- -----------
Sample 1
UP FRONT COMMISSIONS. The rate of commissions paid on Purchase Payments made with respect to each particular Contract is based on the issue age of the Owner (or of the Annuitant if the Contract is owned by a non-natural person) as set forth in the tables below. You may select one of Commission Options A through D as shown in the table below at the time of application for each Contract. If no selection is made on the application, SDI will pay you pursuant to Option B. You may select a different option for each Contract but may not change the Option in effect after the Contract is issued. ================================================================ COMMISSION OPTION OPTION A OPTION B OPTION C OPTION D ---------------------------------------------------------------- OWNER ISSUE AGE 0-80 81-90 0-80 81-90 0-80 81-90 0-80 81-90 ---------------------------------------------------------------- 6.50% 2.50% 5.00% 2.50% 2.50% 2.50% 0.00% 0.00% ================================================================ *No Commission will be paid on Purchase Payments made that are less than the minimum specified in the applicable prospectus and Contract.
Sample 1

Related to UP FRONT COMMISSIONS

  • Joint Commission means the accrediting body whose standards are referred to in these Bylaws.

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

  • 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.

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

  • Central Commission means the Central Electricity Regulatory Commission referred to in sub-section (1) of section 76 of the Act;

  • Planning Commission means the Planning Commission of the City.

  • Redevelopment Commission means the Fishers Redevelopment Commission.

  • 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.

  • Health and Human Services Commission or “HHSC” means the administrative agency established under Chapter 531, Texas Government Code, or its designee.

  • 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.

  • Nuclear Regulatory Commission (NRC) means the U.S. Nuclear Regulatory Commission or its duly authorized representatives.

  • 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.

  • Tax Commission means the Oklahoma Tax Commission;

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

  • Securities Commissions means the securities commission or other securities regulatory authority in each of the Qualifying Jurisdictions;

  • Commitment Commission shall have the meaning provided in Section 3.01(a).

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

  • Election Commission means the Election Commission appointed by the President under article 324;

  • Virginia Stormwater Management Program authority or "VSMP authority" means an authority approved by the State Board after September 13, 2011, to operate a Virginia Stormwater Management Program.

  • Federal Energy Regulatory Commission or "FERC" means the

  • traffic data means any data processed for the purpose of the conveyance of a communication on an electronic communications network or for the billing thereof;

  • Public Service Commission means the Public Service Commission constituted under this Constitution;

  • EMA means the European Medicines Agency or any successor agency thereto.

  • Ceding Commission means [REDACTED]. ]

  • City Commission means the legislative body of the City of Miami.

  • Physical Therapy Compact Commission or "commission" means the national administrative body whose membership consists of all states that have enacted the compact.