Commission Allowance Sample Clauses

Commission Allowance. For each Accounting Period, the Commission Allowance equals the total amount of initial commission (i.e., not trail commission) paid to distributors of the Reinsured Contracts to reflect the receipt of additional premiums on the Reinsured Contracts. EXHIBIT E Form of Quarterly Accounting and Settlement Report
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Commission Allowance. The Reinsurer shall pay to the Ceding Company an amount (the “Commission Allowance”) at the end of the first and all subsequent Accounting Periods equal to (i) times (ii), where:
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Commission Allowance. The Reinsurer shall pay to the Company a commission allowance equal to the following: a commission allowance on first year premiums at the rate of 35% on Plan OG2 (5 Pay Life), 40% on Plan OG3(10 Pay Life), 45% on Plan OG4 (15 Pay Life), 50% on Plans 801 (Whole Life), 810 (Whole Life), 821 (10 Year Term) and OG5 (20 Pay Life), 55% on Plan OG1 (Whole Life), and 60% on Plan 820 (Whole Life); a commission allowance on renewal premiums for new ordinary business (1997 issues) at the rate of 7% of premiums for policy years 2 through 10 and 3% of premiums thereafter; and a commission allowance on renewal premiums for ordinary and industrial (pre-1997 issues) at the rate of 10% of premiums for policy years 2 and 3, 4% of premiums for policy year 4, 3% of premiums for policy years 5 through 15 inclusive, 2% of premiums for policy years 16 through 20 inclusive.
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Commission Allowance. The Reinsurer shall pay the Ceding Company a -------------------- Commission Allowance equal to 2.5% of the gross Policy premiums and deposits collected during the Accounting Period with respect to the Policies for years 2 and later.
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Commission Allowance. The Reinsurer shall pay the Company a commission allowance equal to the lesser of (a) the actual commission liability that the Company has from time to time or (b) the commissions due to agents as set forth on the Actuarial Appraisal. Except for the Commission Allowance payable to the Company as aforesaid, the Reinsurer shall not be liable for any liabilities, losses, or expenses arising from claims of agents, brokers or other parties for commissions, service fees, or producer compensation, and the Company shall indemnify and hold the Reinsurer harmless from any liabilities, losses, or expenses from claims of agents, brokers or other parties for such commissions, service fees, or producer compensation, and for any other claims of a similar or related nature, as more fully set forth in Article XIV below.
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Commission Allowance. Reinsurer shall pay Universal a commission allowance equal to the following: a commission allowance on first year premiums at the rate of 35% on Plan OG2 (5 Pay Life), 40% on Plan OG3 (10 Pay Life), 45% on Plan OG4 (15 Pay Life), 50% on Plans 801 (Whole Life), 810 (Whole Life), 821 (10 Year Term) and OG5 (20 Pay Life), 55% on Plan OG1 (Whole Life), and 60% on Plan 820 (Whole Life); a commission allowance on renewal premiums for new ordinary business (1997 issues) at the rate of 7% of premiums for policy years 2 through 10 and 3% of premiums thereafter; and a commission allowance on renewal premiums for ordinary and industrial (pre-1997 issues) at the rate of 10% of premiums for policy years 2 and 3, 4% of premiums for policy year 4, 3% of premiums for policy years 5 through 15 inclusive, 2% of premiums for policy years 16 through 20 inclusive and 0% thereafter ("Commission Allowance"). Except for the Commission Allowance payable to the Company as aforesaid, Reinsurer shall not be liable for any liabilities, losses, or expenses arising from claims of agents, brokers or other parties for commissions, service fees, or producer compensation, and Universal shall indemnify and hold Reinsurer harmless from any liabilities, losses, or expenses from claims of agents, brokers or other parties for such commissions, service fees, or producer compensation, and for any other claims of a similar or related nature, as more fully set forth in Article XIV below.
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Commission Allowance. Subject to the limitations expressed in the immediately succeeding sentence, with respect to Policies issued on or before May 31, 1996, the Reinsurer shall reimburse the Company as a part of the Monthly Cash Settlement the Reinsurer's Portion of the actual Commissions earned on the Policies by the Company's agents based on the commission schedules in force as of the Effective Date of this Agreement. Such commissions shall not exceed, however, the amount or amounts, as the case may be, shown in the December 31 Actuarial Appraisal in respect to the Transferred Policies ("Commissions"). World Service agrees to indemnify and hold Reinsurer harmless from any liability, loss, or expense from claims of agents or brokers for commissions, service fees, or producer compensation in excess of said Commissions. With respect to Policies issued subsequent to May 31, 1996, the Reinsurer shall pay (i.e., allow) the Company as a part of the Monthly Cash Settlement the Reinsurer's Portion of the Commissions calculated in accordance with Exhibit 3.4 attached hereto. There shall be no increases to any of the commission schedules referred to herein without the express written consent of the Reinsurer.
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Commission Allowance. For each Accounting Period, the Commission Allowance equals the total amount of commission paid to distributors of the Reinsured Policies to reflect the receipt of premiums on the Policies. Exhibit E Form of Quarterly Accounting and Settlement Report Accounting Period: Calendar Year: Date Report Completed: Reinsurance Gain/Loss General Account (Coinsurance) Separate Accounts (Modco)
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Commission Allowance. The Reinsurer shall indemnify the Ceding Company for -------------------- commission allowances equal to 5 bps times its quota share of Account Value for years 2 and later with respect to the Policies.
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Related to Commission Allowance

  • Shoe Allowance Effective May I, 2002 the employer will provide reimbursement to full time employees who have completed probation and who are employed in the kitchen department once per year, the amount of $60.00 and once every two years the amount of$60.00 for maintenance, stores person, and banquet house person. Employees will receive said amount so long as the shoes are won on the job. Payment will be made on or about July I upon presentation of proof of purchase.

  • Construction Allowance Landlord shall provide to Tenant a construction allowance not to exceed $45.00 per rentable square foot in the Premises (the “Construction Allowance”) to be applied toward the Total Construction Costs, as adjusted for any changes to the Tenant’s Work. No advance of the Construction Allowance shall be made by Landlord until Tenant has first paid to the contractor from its own funds (and provided reasonable evidence thereof to Landlord) the anticipated Excess Amount. Thereafter, Landlord shall pay to Tenant the Construction Allowance, to be applied solely toward the remaining Total Construction Costs and not in reimbursement of the Excess Amount paid by Tenant, in multiple disbursements (but not more than once in any calendar month) following the receipt by Landlord of the following items: (i) a request for payment, (ii) final, unconditional or partial lien waivers, as the case may be, from all persons performing work or supplying or fabricating materials for the Tenant’s Work, fully executed, acknowledged and in recordable form, (iii) copies of all invoices and proof of payment of same, and (iv) the Architect’s certification that the Tenant’s Work for which reimbursement has been requested has been finally completed, including (with respect to the last application for payment only) any punch-list items, on the appropriate AIA form or another form approved by Landlord, and, with respect to the disbursement of the last 10% of the Construction Allowance: (1) the permanent certificate of occupancy issued for the Premises, (2) Tenant’s occupancy of the Premises, (3) delivery of the “as-built” plans for the Tenant’s Work as constructed (and as set forth above) to Landlord’s construction representative (set forth below), and (4) an estoppel certificate confirming such factual matters as Landlord or Landlord’s Mortgagee may reasonably request (collectively, a “Completed Application for Payment”). Landlord shall pay the amount requested in the applicable Completed Application for Payment to Tenant within 30 days following Tenant’s submission of the Completed Application for Payment. If, however, the Completed Application for Payment is incomplete or incorrect, Landlord’s payment of such request shall be deferred until 30 days following Landlord’s receipt of the corrected Completed Application for Payment. Notwithstanding anything to the contrary contained in this Exhibit, Landlord shall not be obligated to make any disbursement of the Construction Allowance during the pendency of any of the following: (A) Landlord has received written notice of any unpaid claims relating to any portion of the Tenant’s Work or materials in connection therewith, other than claims which will be paid in full from such disbursement, (B) there is an unbonded lien outstanding against the Project or the Premises or Tenant’s interest therein by reason of work done, or claimed to have been done, or materials supplied or specifically fabricated, claimed to have been supplied or specifically fabricated, to or for Tenant or the Premises, (C) the conditions to the advance of the Construction Allowance are not satisfied, or (D) an Event of Default by Tenant exists. If the Total Construction Costs for the Premises are less than the Construction Allowance, then Tenant shall not be entitled to receive payment or credit for such difference and Landlord shall retain the same. The Construction Allowance must be used (that is, the Tenant’s Work must be fully complete and the Construction Allowance disbursed) within twenty-four (24) months following the Commencement Date or shall be deemed forfeited with no further obligation by Landlord with respect thereto, time being of the essence with respect thereto. The Construction Allowance may be used in Tenant’s discretion for Tenant’s Work with no stipulation from Landlord as to how much of the Construction Allowance is allocated within the various spaces in the Premises.

  • Vacation Allowance Employees in permanent positions are entitled to vacation with pay. Accrual is based upon straight time hours of working time per calendar month of service and begins on the date of appointment to a permanent position. Increased accruals begin on the first of the month following the month in which the employee qualifies. Accrual for portions of a month shall be in minimum amounts of one (1) hour calculated on the same basis as for partial month compensation pursuant to Section 5.6 - Compensation for Portion of Month of this MOU. Vacation credits may be taken in one (1) minute increments and may not be rounded. Vacation may not be taken during the first six (6) months of employment (not necessarily synonymous with probationary status) except where sick leave has been exhausted; and none shall be allowed in excess of actual accrual at the time vacation is taken.

  • Education Allowance Provisions in existing Collective Agreements providing for educational allowances shall be continued in effect.

  • Separation Allowance 13.01 Should it become necessary to close the plant or a portion of the plant and it is not expected that those affected will be re-employed, a separation allowance will be paid to employees subject to the following:

  • Relocation Allowance An employee who is promoted and required by agency policy to relocate his residence shall be granted time off with pay for one workday for this purpose. In addition, the employee shall be granted travel time to the new location based on the most direct route. No employee will be credited with more than the number of hours in the employee’s regular workday and such time shall not be counted as hours worked for the purpose of computing compensatory time or overtime.

  • Transportation Allowance When an employee is required to travel to the Hospital or to return to her home as a result of reporting to or off work between the hours of 2400 - 0600 hours, (other than reporting to or off work for her regular shift) or any time while on standby, the Hospital will pay transportation costs either by taxi or by her own vehicle at the rate of forty cents (40 cents) per kilometre (to a maximum of fourteen dollars ($14.00) or such greater amount as the Hospital may in its discretion determine for each trip between the aforementioned hours. The employee will provide to the Hospital satisfactory proof of payment of such taxi fare. Where the Hospital requires the employee to travel between sites, the Hospital will pay for transportation costs of forty (40) cents per kilometre unless the Hospital provides transportation between sites.

  • Expense Allowance The Company shall reimburse the Executive for all reasonable and necessary expenses incurred by him from time to time in the performance of his duties hereunder, against receipts therefor in accordance with the then effective policies and requirements of the Company.

  • Training Allowance Operators who are required by the Employer to provide training to a specified level and to certify to the competency of the employees so trained shall receive twelve dollars ($12) per day while training. In such cases, the most senior qualified operator with the capability to provide training in the required class of equipment shall be given the opportunity to provide such training.

  • Isolation Allowance 3.23.1 An employee whose work requires that they reside at an isolated locality as outlined in clause 3.23.5 or 3.23.6 below, will receive an isolation allowance.

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