Initial Year means the first 12 full calendar months of the Initial Term.
Initial Year shall have the meaning set forth in Section II.A.2. of this License Agreement.
Initial Year. Commissions -- New Enrollments for CMS Contract Year 2014 In accordance with CMS instructions, the Company shall initially pay Agent the “Renewal Year” commission specified below for each individual enrolled in one of the Company’s MA Plans which Agent and its Representatives are approved and authorized to market and promote for the 2014 CMS Contract Year, beginning with January 1, 2014 effective enrollments. If the individual enrollment is identified to the company by CMS as a new/initial enrollment, the Company shall adjust the compensation paid to Agent and Representatives for the individual from the “Renewal Year” commission specified below to the “Initial Year” commission specified below. “Initial Year” commissions will not be paid if the individual was already enrolled in an MA Plan at the time of enrollment. The commissions listed below at each level are net of commissions payable to all lower sales levels. To the extent any sales level is not involved in the sale of the MA Plan, the commission payable to such sales level shall roll-up and be payable to the next higher sales level. Payment of the “Renewal Year” commission will be made following the entry of a qualifying application into the Company’s enrollment system and validation of the producer’s credentials. Any required adjustment from the “Renewal Year” commission to the “Initial Year” commission will be made following CMS’s identification that the individual is in an IEP or new to the MA Program. Initial Year Commissions CALIFORNIA TABLE 1: CA INITIAL YEAR COMMISSIONS Level Amount Payable Agent $532.00 Notwithstanding the above “TABLE 1: CA INITIAL YEAR COMMISSIONS” table, the following rates set forth in the “TABLE 2: EXCEPTIONS CA INITIAL YEAR COMMISSIONS” Table apply to the “CA Exceptions Plans/Products/States/Counties list” below. TABLE 2: EXCEPTIONS CA INITIAL YEAR COMMISSIONS EXCEPTIONS Level Amount Payable Agent $517.00 CA EXCEPTIONS PLANS/PRODUCTS/STATES/COUNTIES LIST Contract # - Plan ID Product State: Counties H0543-019 AARP MedicareComplete SecureHorizons CA: Xxxx H0543-035 AARP MedicareComplete SecureHorizons CA: Fresno, Madera**1 H0543-036 AARP MedicareComplete SecureHorizons Plan 1 CA: Stanislaus H0543-089 AARP MedicareComplete SecureHorizons Plan 1 CA: Placer**1, Sacramento, Yolo H0543-121 AARP MedicareComplete SecureHorizons Essential CA: Xxxx county only X0000-000 XXXX MedicareComplete SecureHorizons Plan 2 CA: Sacramento, Yolo, Placer H0543-147 AARP MedicareComplete SecureH...
Examples of Initial Year in a sentence
Thereafter, the Agreement shall automatically renew for successive one-year periods (each, a “Renewal Year”), unless either party notifies the other party in writing, not less than 30 days prior to the expiration of the Initial Year or the Renewal Year, as applicable, of such party’s decision not to renew the Agreement.
The amount of all Initial Year Payments and Annual Payments shall be determined by the Settlement Fund Administrator applying Section V and Exhibit M.
The Payment Date for the second Initial Year Payment shall be no later than July 15, 2022.
For a voluntary redistribution to be applied to the relevant portion of an Initial Year Payment or an Annual Payment, notice must be provided to the Settling Distributors and the Settlement Fund Administrator at least sixty (60) days prior to the Payment Date.
Except as otherwise provided in this Agreement, Xxxxxxx shall make two Initial Year Payments and nine (9) Annual Payments.
More Definitions of Initial Year
Initial Year means the balance of the Year following the expiration of the Initial Operating Period.
Initial Year has the meaning set forth in Section 3.1(a)(i).
Initial Year. Initial Year means:(a) the financial year in which the investor designates his demat account as RGESS account and makes investment in the Eligible Securities for availing deduction under RGESS; or(b) the financial year in which the investor makes investment in Eligible Securities for availing deduction under RGESS for the first time, if the investordoes not make any investment in Eligible Securities in the financial year in which the account is so designated. "Investment Management Agreement" The agreement dated June 8, 2000 entered into between HDFC Trustee CompanyLimited and HDFC Asset Management Company Limited, as amended from time to time. "Investor Service Centres" or "ISCs" Designated Offices of HDFC Asset Management Company Limited or such other centres / offices as may be designated by the AMC from time to time. "Load" In the case of Redemption / Switch-out of a Unit, the sum of money deducted from the Applicable NAV on the Redemption / Switch-out and in the case of Sale/ Switch-in of a Unit, a sum of money to be paid by the prospective investoron the Sale / Switch-in of a Unit in addition to the Applicable NAV. "Lock-in Period" Units held under the Scheme by the Unit holders and as declared/ designated for availing tax benefits shall be subject to lock-in-periods viz. fixed lock-in and flexible lock-in as specified under the notified RGESS. The fixed lock-in-period shall commence from the date of purchase of such Units in the relevant financial year and end on the 31st day of March of the year immediately following the relevant financial year.The flexible lock-in period will be of two years beginning immediately after the end of the fixed lock-in period.The Depositories will be required to ensure the enforcement of the lock-in on Units under the Scheme. "Maturity Date / Final Redemption Date" The date (or the immediately following Business Day, if that date is not a BusinessDay) on which the Units under the Scheme will be compulsorily and without any further act by the Unit holder(s) redeemed at the Applicable NAV. "Money Market Instruments" Includes commercial papers, commercial bills, treasury bills, Government securities having an unexpired maturity upto one year, call or notice money, certificate of deposit, usance bills and any other like instruments as specified bythe Reserve Bank of India from time to time. "Mutual Fund" or "the Fund" HDFC Mutual Fund, a trust set up under the provisions of the Indian Trusts Act, 1882. "National Stock Exch...
Initial Year is defined in Section 6.1.
Initial Year means the period of time from the Commencement Date until the end of calendar year 2001.
Initial Year means the first twelve (12) full calendar months of the Term.
Initial Year means the first Lease Year of this Lease, and shall include any period of time between the Rent Commencement Date and the first day of the month immediately following the Rent Commencement Date.