Commission following Buy-Out Sample Clauses

Commission following Buy-Out. Where the Company has purchased an Agency under the terms of the buy-out provisions of this Agreement, the Company will not, for a period of two years following the buy-out, make payments of renewal commission on any policies in the Agency which are the subject of a transfer to another Insurance Broker. However following the expiration of the two year period, where the Company is satisfied that there has been no large scale transfer of clients to another Insurance Broker, the Company may make an ex gratia payment of renewal commission in respect of the two year period for which no payments were made.
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