Common use of Commission Levels Clause in Contracts

Commission Levels. Compensation payable on a NJ TDB and HI TDI shall be paid in accordance with the following schedules, as determined by the Eligibility Requirements described below. The Graded Commission Level applicable in any one calendar year applies only for that calendar year and is based on results of prior year annual premium and policy count. The Graded Commission Level applicable for any given calendar year will apply to all new and in- force NJ TDB and HI TDI business during that calendar year. Producer 1-124 or $1 to $249,999 Premier Producer 125 or more or $ 250,000 and above $5,000 or less 10.0% 21.0% $5,001 - $10,000 7.5% 15.0% $10,001 - $25,000 5.0% 12.0% $25,001 - $50,000 3.0% 10.0% $50,001- $100,000 2.0% 6.0% $100,001-$250,000 1.5% 3.0% $250,001-$500,000 1.0% 2.0% $500,001 or more 0.75% 1.0% Producer 1-124 or $1 to $249,999 Premier Producer 125 or more or $ 250,000 and above $5,000 or less 10.0% 16.0% $5,001 - $10,000 7.5% 9.0% $10,001 - $25,000 5.0% 6.0% $25,001 - $50,000 3.0% 3.6% $50,001- $100,000 2.0% 2.4% $100,001-$250,000 1.5% 1.8% $250,001-$500,000 1.0% 1.2% $500,001 or more 0.75% 0.9% This is the Schedule J to the Group Insurance Producer Agreement (“Agreement”). Effective January 1, 2019, this Schedule J replaces any prior Schedule J previously attached to the Agreement. All references below to “Schedule J” refer to this amended Schedule J, and not to any prior Schedule J. The purpose of this Schedule J is to describe Additional Compensation to be paid to Producer upon meeting the criteria described herein. For the purposes of this Schedule J, “The Hartford” includes The Hartford Life and Accident Insurance Company, Hartford Fire Insurance Company, ▇▇▇▇▇▇▇ Resolution Life Insurance Company (formerly known as Hartford Life Insurance Company), and Aetna Life Insurance Company. The production and retention experience for The Hartford Life and Accident Insurance Company, Hartford Fire Insurance Company, ▇▇▇▇▇▇▇ Resolution Life Insurance Company (formerly known as Hartford Life Insurance Company), and Aetna Life Insurance Company are combined for the purposes of this schedule. The Hartford Life and Accident Insurance Company is responsible for paying compensation on business written by The Hartford Life and Accident Insurance Company. The Hartford Fire Insurance Company is responsible for paying compensation on business written by Hartford Fire Insurance Company. ▇▇▇▇▇▇▇ Resolution Life Insurance Company (formerly known as Hartford Life Insurance Company) is responsible for paying compensation on business written by ▇▇▇▇▇▇▇ Resolution Life Insurance Company (formerly known as Hartford Life Insurance Company). The Hartford is responsible for paying compensation on business written by Aetna Life Insurance Company. No Annualized New Sales or Renewal Paid Premium from any other company affiliated with The Hartford will be considered in calculating Additional Compensation payable under this Schedule J.

Appears in 2 contracts

Sources: Group Insurance Producer Agreement, Group Insurance Producer Agreement

Commission Levels. Compensation payable on a NJ TDB and HI TDI shall be paid in accordance with the following schedules, as determined by the Eligibility Requirements described below. The Graded Commission Level applicable in any one calendar year applies only for that calendar year and is based on results of prior year annual premium and policy count. The Graded Commission Level applicable for any given calendar year will apply to all new and in- force NJ TDB and HI TDI business during that calendar year. Producer 1-124 or $1 to $249,999 Premier Producer 125 or more or $ 250,000 and above $5,000 or less 10.0% 21.0% $5,001 - $10,000 7.5% 15.0% $10,001 - $25,000 5.0% 12.0% $25,001 - $50,000 3.0% 10.0% $50,001- $100,000 2.0% 6.0% $100,001-$250,000 1.5% 3.0% $250,001-$500,000 1.0% 2.0% $500,001 or more 0.75% 1.0% Producer 1-124 or $1 to $249,999 Premier Producer 125 or more or $ 250,000 and above $5,000 or less 10.0% 16.0% $5,001 - $10,000 7.5% 9.0% $10,001 - $25,000 5.0% 6.0% $25,001 - $50,000 3.0% 3.6% $50,001- $100,000 2.0% 2.4% $100,001-$250,000 1.5% 1.8% $250,001-$500,000 1.0% 1.2% $500,001 or more 0.75% 0.9% This is the Schedule J to the Group Insurance Producer Agreement (“Agreement”). Effective January 1, 20192024, this Schedule J replaces any prior Schedule J previously attached to the Agreement. All references below to “Schedule J” refer to this amended Schedule J, and not to any prior Schedule J. The purpose of this Schedule J is to describe Additional Compensation to be paid to Producer upon meeting the criteria described herein. For the purposes of this Schedule J, “The Hartford” includes The Hartford Life and Accident Insurance Company, Hartford Fire Insurance Company, Company and ▇▇▇▇▇▇▇ Resolution Life Insurance Company (formerly known as Hartford Life Insurance Company), and Aetna Life Insurance Company. The production and retention experience for The Hartford Life and Accident Insurance Company, Hartford Fire Insurance Company, Company and ▇▇▇▇▇▇▇ Resolution Life Insurance Company (formerly known as Hartford Life Insurance Company), and Aetna Life Insurance Company ) are combined for the purposes of this schedule. The Hartford Life and Accident Insurance Company is responsible for paying compensation on business written by The Hartford Life and Accident Insurance Company. The Hartford Fire Insurance Company is responsible for paying compensation on business written by Hartford Fire Insurance Company. ▇▇▇▇▇▇▇ Resolution Life Insurance Company (formerly known as Hartford Life Insurance Company) is responsible for paying compensation on business written by ▇▇▇▇▇▇▇ Resolution Life Insurance Company (formerly known as Hartford Life Insurance Company). The Hartford is responsible for paying compensation on business written by Aetna Life Insurance Company. No Annualized New Sales or Renewal Paid Premium from any other company affiliated with The Hartford will be considered in calculating Additional Compensation payable under this Schedule J.

Appears in 1 contract

Sources: Group Insurance Producer Agreement