Assignment of Commissions Clause Samples
The Assignment of Commissions clause governs whether and how a party entitled to receive commissions under an agreement can transfer or assign those rights to another person or entity. Typically, this clause specifies if prior written consent is required before any assignment, or it may outright prohibit such transfers to maintain control over who receives payments. For example, a salesperson may wish to assign their right to future commissions to a third party, such as a financing company, but this clause would determine if that is permissible. Its core function is to prevent unauthorized or undesirable transfers of commission rights, thereby protecting the interests of the party responsible for paying commissions and ensuring clarity in payment obligations.
Assignment of Commissions. Career Agent agrees not to assign this Contract or any commission or other compensation payable under it without the prior written consent of Company, and no such assignment will be effective without such consent.
Assignment of Commissions. This Agreement is not assignable unless authorized in writing by the Company.
Assignment of Commissions. 15 Section 3.26
Assignment of Commissions. ▇.▇. ▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇ Fax ▇-▇▇▇-▇▇▇-▇▇▇▇ FOR VALUE RECEIVED, the undersigned Assignor hereby transfers, sets over and assigns unto (TAX ID & SS# ) (an individual), (a corporation), (a partnership), (a sole proprietorship) of (address) an amount equal to percent of any and all commissions, renewal commissions, allowances fees and other funds (collectively referred to herein as ‘Commissions’) which may hereafter accrue in favor of the Assignor by virtue of the agency contract now in force between the Assignor and American General Life Insurance Company (the “Company”), it being under- stood and agreed that this assignment shall be subject to any present indebtedness or any which may hereafter accrue to be due and owing the Company. The Assignor hereby represents and warrants that said Commissions are not now assigned, and the Assignor hereby will forever warrant and defend his right to receive the same, this instrument to remain in full force and effect until same is released by the assignee by an instrument in writing furnished the Company. The Assignor hereby further represents and warrants to the Company: (a)(i) the assignment of commissions pursuant to this document will not have the effect of violating any anti-rebating or commission sharing restrictions under any applicable law or regulation; and
Assignment of Commissions. The executed Assignment of Commissions in the form of Exhibit "H"; and
Assignment of Commissions. Agent may not assign any compensation payable under this Agreement without the prior written consent of Southland.
Assignment of Commissions. Each Shareholder and each other person who is entitled to commissions, fees or other amounts attributable to business written by such Shareholder and/or other person for business written on behalf of ▇▇▇▇▇▇▇ or New ▇▇▇▇▇▇▇ shall irrevocably assign the rights to such fees, commissions or other amounts to ▇▇▇▇▇▇▇ or New ▇▇▇▇▇▇▇.
Assignment of Commissions. An Assignment of Commissions is an instrument through which a person or entity who, by agreement, is to receive commissions the Assignor) assigns his right to receive commissions to another entity or person (the Assignee). Agreement dated 10/25/11 entered into by and between Homeland Healthcare Agency, Inc. and agent or agency ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ (Assignor). For valuable consideration, I the undersigned agent do hereby sell, transfer, and assign my commissions to: (Assignee) Statewide Insurance Marketing Federal Tax Number: 45,2752671 Address: ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇ The parties agree to the following:
Assignment of Commissions. Scha▇▇▇ ▇▇▇ Tolb▇▇▇ ▇▇▇ each other person who is entitled to commissions, fees or other amounts attributable to business written by any such person for business written on behalf of SCC or Merger Sub shall irrevocably assign the rights to such fees, commissions or other amounts to SCC or Merger Sub.
Assignment of Commissions. Each Shareholder represents and warrants that all commissions, fees or other amounts due for business which each such Shareholder has written as an employee or agent of ▇▇▇▇▇▇▇ or New ▇▇▇▇▇▇▇, as herein defined, and LMK represents and warrants that any other commissions, fees or other amounts attributable to persons other than Shareholders who are agents or employees of ▇▇▇▇▇▇▇ or New ▇▇▇▇▇▇▇, has been irrevocably assigned by such Shareholder or person to ▇▇▇▇▇▇▇ or New ▇▇▇▇▇▇▇.