Agent Incentive Programs Sample Clauses

Agent Incentive Programs. Seller and Buyer shall use their reasonable efforts to ensure that the agents for the SPPI Business are permitted to continue to participate in the Seller's agent incentive programs (including, without limitation, Seller's Top Brass Program, its Agents' Profit Sharing Plan, its Peak Performers Program and its Sydney Olympics Program) with full credit being provided to such agents under such programs for their continued sales of personal lines policies until three years after the Closing Date. Buyer and Seller agree that each will be responsible for its proportionate share of the cost of such programs, based upon whether Seller or Buyer owned the SPPI Business at the time the policies resulting in credits under the respective incentive programs were issued. After three years the parties will negotiate in good faith to jointly extend participation in these and/or similar programs for an additional period of time.
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