Segregated Funds. FHI agrees to pay to the Advisor the segregated funds commission percentage set forth in Schedule “A” hereto (the “SegFunds Commission Percentage”), which is a percentage of the commission amount (the “SegFunds Commission”) payable by the Carrier to FHI upon the sale by the Advisor of a segregated funds investment product of the Carrier. FHI agrees to pay the SegFunds Commission Percentage amount to the Advisor promptly following receipt of the applicable SegFunds Commission and/or service fee from the Carrier and in any event within three business days following the receipt thereof.
Appears in 2 contracts
Sources: Advisor Agreement, Advisor Agreement