Schedule of Commissions Clause Samples
The Schedule of Commissions clause defines the specific rates or amounts of commission that are payable under an agreement. It typically outlines how commissions are calculated, the events or transactions that trigger payment, and may include tables or appendices listing different commission rates for various products or services. This clause ensures transparency and clarity regarding compensation, helping to prevent disputes by clearly setting out the terms under which commissions are earned and paid.
Schedule of Commissions. As full compensation on business placed through Company pursuant to the authority granted in Section 1.1 above, Agent will receive commissions from Company in accordance with the Schedule of Commissions furnished by Company. Notwithstanding the previous sentence, if Agent is an insurance agency, Agent shall not be entitled to commissions from Company other than those assigned to Agent by Subproducers. Company may revise the Schedule of Commissions after providing thirty (30) days prior electronic or written notice to Agent; in the event any revised Schedule of Commissions is not acceptable to Agent, notice of such non-acceptance shall constitute a notice of termination of this Agreement to become effective on the date the revised Schedule is to take effect.
Schedule of Commissions. Subject to the terms and conditions of the Master Wholesaling Agreement, the Master Wholesaler shall be compensated according to the following schedule of the policy forms shown for all policies. The commissions provided in this schedule shall be reduced by the amount of commissions paid at the Executive Wholesaler and/or broker/dealer level as shown below. The payment of commissions is subject to the rules and practices of ALNY and ALFS.
Schedule of Commissions. 25% Commission is based on collected premium, less enrollment fee, if applicable, except to the extent any of the forgoing is required by state law. The maximum commission percentage payable hereunder, will be adjusted as required by applicable state law. With respect to this Compensation Schedule: Commission percentages shown in this Compensation Schedule shall be reduced by any commission(s)/fee(s) paid to Producer and/or any Sub-producer. Producer shall not be entitled to any compensation for services of any kind rendered to or for Company by Producer, agents or employees of Producer except as enumerated in this Compensation Schedule.
Schedule of Commissions. Dental1 First Year and Renewals Commission Vision1 First Year and Renewals Commission
Schedule of Commissions. The following is the Schedule of Commissions for new SHOP business effective January 1, 2014 and later.* 1st Year 6.5% 2nd Year 6.2% 3rd Year 5.9% 4th Year 5.6% 5th Year 5.3% 6+ Years 5.0% *Note: When annualized premium for a particular case (group) reaches $500,001 or more in a contract year, the commission rate is dropped to 1.0% for that case (group) only. This Schedule of Commissions may be amended in the future. Any change would only apply to new business written on or after the effective date of the amendment. Also available at ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇.▇▇▇/Pages/agents.aspx Pursuant to Public Contract Code section 10478, if a contractor within the previous three years has had business activities or other operations outside of the United States, it must certify that it is not a “scrutinized” company as defined in Public Contract Code section 10476. Therefore, please insert your name and Federal ID Number or SSN and complete only one of the following three paragraphs (via initials for Paragraph # 1 or Paragraph # 2, or via initials and certification for Paragraph # 3):
Schedule of Commissions. All commissions shall be earned in accordance with the terms of the Schedule of Commissions published by Colonial Life. Such Schedule and any amendments thereto shall be incorporated herein by reference and become a part of this Agreement. Colonial Life reserves the right to change the terms of the Schedule of Commissions at any time and will publish such changes and the effective date thereof. Any such change in the Schedule of Commissions shall not affect commissions due or to become due on insurance applications submitted prior to the effective date of the change.
Schedule of Commissions. Subject to the terms and conditions of the Selling Agreement you shall be compensated for AFA generated business according to the following schedule of the policy forms shown. The payment of commissions is subject to the rules and practices of Lincoln Benefit Life Company ("LBL or COMPANY"). By submission of an application or the acceptance of commission, you agree to be bound by the provisions of this schedule.