Common use of Contingent Commissions Clause in Contracts

Contingent Commissions. Neither the Broker nor any affiliate of the Broker (including any intermediary used by the BROKER) will accept any commissions or consideration, directly or indirectly, from any insurance company, underwriter, or other entity or individual (other than as defined in this Attachment) that is paid or given on account of a certain volume or type of business being placed with any particular carrier, including payments commonly referred to as contingent commissions, if the insurance purchased by SBBC with respect to the Scope of Services is considered as part of such volume or type (collectively the "Contingent Commissions"). The Broker shall promptly disclose to SBBC all Contingent Commissions (or any other form of remuneration) offered to the BROKER or intermediary in the placement of SBBC’s insurance. It is the intent of the parties that neither the Broker nor intermediary receive, in the aggregate, more than the compensation set forth above from all sources in connection with the performance of the Scope of Services.

Contingent Commissions. Neither the Broker nor any affiliate of the Broker (including Broker(including any intermediary used by the bythe BROKER) will accept any commissions or consideration, directly or indirectly, from any insurance company, underwriter, or other entity or individual (other than as defined in this Attachment) that is paid or given on account of a certain volume or type of business being placed with any particular carrier, including payments commonly referred to as contingent commissions, if the insurance purchased by SBBC with respect to the Scope of Services is considered as part of such volume or type (collectively the "Contingent Commissions"). The Broker shall promptly disclose to SBBC all Contingent Commissions (or any other form of remuneration) offered to the BROKER or intermediary in the placement of SBBC’s 's insurance. It is the intent of the parties that neither the Broker nor intermediary receive, in the aggregate, more than the compensation set forth above from all sources in connection with the performance of the Scope of Services.