Examples of Vested Compensation in a sentence
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FP Vested Compensation relating to insurance policies or annuity contracts that are subject to regulation under the federal securities Laws shall be paid by each Obligor through, and disbursed to the FP by or on behalf of, an Affiliate of such Obligor that is a registered broker-dealer and member of FINRA.
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GA will forfeit all rights to receive compensation, including Vested Compensation, if, in the sole reasonable discretion of Company, GA commits any of the following acts: (a) breaches any material provision of this Agreement while in effect or any material obligation that survives termination of this Agreement.
Vested Compensation is defined as compensation identified as vested on the Compensation Product Schedule and that may be paid to the Representative after the Termination Date if: (1) the policy related to the sale of the Company Product remains in force; (2) the commission becomes Earned Commission; (3) the Representative's termination was not due to a violation of the Agreement; and (4) the Representative is the writing agent and remains the producer of record.