Renewal Compensation. A fee for the second through fifteenth years equal to 2.0% of the premium paid for the policy year in question, and a fee for the sixteenth and later policy years equal to 1.2% of the premium paid for the policy year in question.
Renewal Compensation. A fee for the second through tenth policy years equal to 3.0% of the premium paid for the policy year in question, and no fee for the eleventh and later policy years. Additionally, for the second through tenth policy years, an fee equal to 0.008333% of the policy value on each monthly anniversary. Monthly anniversary is defined as the day in each calendar month which is the same day of the month as the Policy Date. For the eleventh and later policy years, fee equal to 0.020833% of the policy value on each monthly anniversary. Policy value is as defined in the policy.
Renewal Compensation. If the contract is renewed, the price shall be at the same rate as for the initial term unless a different compensation or formula for determining the renewal compensation is stated in this section.
Renewal Compensation. A fee for the second through tenth policy years equal to 2.0% of the premium paid for the policy year in question, and no fee for the eleventh and later policy years. Additionally, for the second through tenth policy years, a fee equal to 0.008333% of the policy value on each monthly anniversary. Monthly anniversary is defined as the day in each calendar month that is the same day of the month as the Policy Date. For the eleventh and later policy years, fee equal to 0.020833% of the policy value on each monthly anniversary. Policy value is as defined in the policy.
Renewal Compensation. A fee for the second through tenth policy years equal to 2.0% of the premium paid for the policy year in question, and no fee for the eleventh and later policy years. Additionally, for the second through tenth policy years, an fee equal to 0.008333% of the policy value on each monthly anniversary. Monthly anniversary is defined as the day in each calendar month which is the same day of the month as the Policy Date. For the eleventh and later policy years, fee equal to 0.020833% of the policy value on each monthly anniversary. Policy value is as defined in the policy. (c) Basic Compensation on Increases ------------------------------- In the case of an increase in the Specified Amount of insurance, a fee of 47% (32% where the insured has an attained age greater than 75) of C where: C is equal to the lesser of: (i) the premium paid in the twelve months following the effective date of the increase (ii) the target premium for the amount of the increase, or (iii) the increase in the scheduled premium.
Renewal Compensation. A fee for the second and later contract years equal to 2.85% of any purchase payment made under such contract during the second and later contract year where the Annuitant or Contractowner (other than a trustee of a qualified plan) is less than age 81 on the date the Diversifier II contract is issued.
Renewal Compensation. Compensation for the period of any automatic renewal shall be at the same rate as the original contract.
Renewal Compensation. Should the contract be renewed, the renewal pricing is provided in the cooperative master contract.
Renewal Compensation. Unless otherwise agreed to by both XX. XXXXX and the CITY, or its duly authorized representative, compensation for any renewal term shall be the amount stated above in Paragraph A. This compensation shall be paid on or before December 31 of each renewal term.
Renewal Compensation a. ISO shall be paid via Renewal Compensation when a Merchant that ISO has successfully referred and closed with Queen Funding, is approved by Queen Funding for an additional funding and Merchant Agreement. Renewal Compensation must be approved each time by Queen Funding in writing prior to the funding of the new Merchant Agreement for ISO to be eligible for this type of compensation. The payment timeframe of the Renewal Compensation shall follow either, Front End Compensation or Back End Compensation, at Queen Funding’s sole discretion.
