Indirect Income Clause Samples
The Indirect Income clause defines how income that is not directly generated from the primary activities or assets covered by the agreement is treated. This typically includes earnings such as interest, dividends, royalties, or other ancillary revenues that arise as a result of, but not directly from, the main contractual subject. For example, if a party earns interest on funds related to the contract or receives royalties from sublicensing, these would be considered indirect income. The core function of this clause is to clarify the allocation or treatment of such secondary revenues, preventing disputes over whether and how these earnings should be shared or reported under the agreement.
Indirect Income. “INDIRECT INCOME” means insurance carrier contingency arrangements. PROVIDER will accept these compensation incentives from insurers, if any, including contingent commissions, market service agreements (MSA), volume-based commission incentives and rebates on business placed on behalf of A&M System within the scope of work of this Agreement. The parties acknowledge that PROVIDER producers who solicit, negotiate, or place insurance products, or services for A&M System, do not negotiate indirect income agreements with the carriers, nor do they receive any portion of the indirect income paid to PROVIDER. Nonetheless, the A&M System may opt-out of having its premiums included in the calculation of indirect income by accessing the “opt-out” form from the link on PROVIDER’s website: ▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇/Legal-Notices/Pages/Disclosure-Policy.aspx. The “opt out” provision applies only to those accounts served directly by PROVIDER as a retail agent or broker. It does not apply to account placements for which PROVIDER’s role is that of a wholesaler, MGA, or program administrator working with non-PROVIDER brokers who represent the A&M System. The parties acknowledge that indirect income, if any, is determined by insurance carriers, and if the A&M System does not opt-out, it remains the carriers’ exclusive decision to include or exclude certain premiums in any calculation. The availability of information regarding the make-up of any indirect income payment is at the carrier’s discretion.
Indirect Income. INDIRECT INCOME" means insurance earner contingency arrangements. Alliant will accept these compensation incentives from insurers, if any, including contingent commissions, market service agreements (MSA), volume-based commission incentives and rebates on business placed on behalf of a client. Alliant producers who solicit, negotiate, or place insurance products, or services for clients, do not negotiate indirect income agreements with the carriers, nor do they receive any portion of the indirect income paid to Alliant. Nonetheless, the client may opt•out of having its premiums included in the calculation of indirect income by accessing the "opt-out" form from the link on Alliant's website: ▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇/Legal-Notices/Pages/Disclosure•Policy.aspx. The "opt out" provision applies only to those accounts served directly by Alliant as a retail agent or broker. It does not apply to account placements for which ▇▇▇▇▇▇▇'s role is that of a wholesaler, MGA, or program administrator working with non-Alliant brokers who represent the client. Indirect Income, if any, is determined by insurance carriers, and if the client does not opt-out, it remains the carriers' exclusive decision to include or exclude certain premiums in any calculation. The availability of information regarding the make-up of any indirect income payment is at the carrier's discretion.
Indirect Income. [*] of all direct or indirect revenue, income or other monetary value earned, recognized or otherwise derived from Licensed Products, including in connection with the online distribution and Online Gameplay of Licensed Products, and all websites or networks on which they are published or may be played, including revenue sharing or advertising revenue; and * Confidential portion omitted and filed separately with the Securities and Exchange Commission.