Common use of Commissions and Premiums Clause in Contracts

Commissions and Premiums. Producer shall receive the amount(s) set out in Exhibit A (“Commission Schedule”) as the full and complete compensation for business referred to Orchid hereunder (“Commission”). Orchid may, from time to time in its sole discretion, amend the Commission Schedule on some or all policies referred by Producer. Such change in Commission shall apply to new and renewal policies or changes to existing policies effective on and after the effective date of any such Commission change.