Commission Statement Sample Clauses
A Commission Statement clause defines the process and requirements for documenting and communicating the commissions earned or payable under an agreement. Typically, it outlines how and when commission statements will be prepared and delivered, what information they must include (such as sales figures, commission rates, and payment calculations), and the timeframe for review or dispute. This clause ensures transparency and accountability in commission payments, helping to prevent misunderstandings or disputes between parties regarding compensation.
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Commission Statement. Citizens shall issue commission statements to the Agency that detail policies issued or renewed, endorsements, cancellations, reinstatements, commissions earned, and the amount due to the Agency (or amounts due to Citizens or otherwise withheld by Citizens).
Commission Statement. The term “Commission Statement” has the meaning ascribed to it in Section 5.3.
Commission Statement. We shall send you a Commission Statement on a regular basis. Our Commission Statement will be a conclusive record of the matters it states except in the case of manifest error or inconsistency with this Agreement, in which case this Agreement shall prevail.
Commission Statement. Following the end of each month, the Company shall, by the 15th day of the next month, send to the Managing General Agent a statement of accounts setting forth, among other things, the premium written, commissions, and the net amount due to the Managing General Agent by the Company, together with payment of that amount. If such statement reflects an amount due to the Company from the Managing General Agent, the Managing General Agent will pay that amount within 30 days of the date of said statement.
Commission Statement. The Principal shall within 30 days of the end of the month in which the Principal received the corresponding payment for Services send to the Introducer a written statement setting out, in respect of such month, and in respect of each Relevant Contract, the amount of Commission payable to the introducer.
Commission Statement. 1. CPR will furnish the IAR a commission statement. The commission statement will show commission charge backs, charges, and assessments due from the IAR to CPR and the compensation payable by CPR to the IAR from the sale of approved products. If the IAR disagrees with the commission statement, the IAR agrees to notify CPR within thirty (30) days of CPR’s posting of the commission statement. The IAR agrees to work together with CPR to resolve the disagreement in a fair manner. If there is not notice of disagreement, the statement shall be presumed to be correct.
Commission Statement. Following the end of each calendar month, the Company shall, by the 15th day of the next month, send to the Agency a statement of accounts setting forth, among other things, the premium written, commissions earned, estimated commissions paid and the net amount due to/from the Agency, together with payment of that amount, if any. If such statement reflects an amount due to the Company from the Agency, the Agency will pay that amount within 5 business days of the date of said statement.
Commission Statement concerning paragraph 7
Commission Statement. 25.1 The licensee shall be sent a monthly commission report with the status of all the licensee’s clients that are:
25.1.1 Live with Diverse Utility Solutions Limited and monthly ongoing commissions are being paid.
25.1.2 Quoted for and are pending due to, awaiting a signed contract, waiting to go live, awaiting transfer of service, or objected by supplier.
25.2 All commission statements are sent via email though should the licensee require their commission statement sent via first class mail instead there will be a monthly charge of £2.00 to cover postage and administrative charges.
25.3 This information is highly confidential information and should not be shared with any third parties. Diverse Utility Solutions Limited take no responsibility for the safety of this information once it has been transferred to the licensee. Should the licensee not feel able to keep their commission statement safe, they should let the licensor know immediately. (See Clause 14 Confidentiality) (also see Company Data Protection policy/guidelines)
Commission Statement. The Introducer will provide the Sub-Introducer with a statement each month showing: