Advance Commissions definition

Advance Commissions. Any monies that may be paid to Associate as an advance against Associate's commissions, or Associate's Override Compensation, either or both of which are yet to be earned, that may become due and payable by CalChoice Financial.
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Examples of Advance Commissions in a sentence

  • It is understood and agreed that the Company agrees to permit compensation to be paid to the Producer In advance of said compensation being earned and that acceptance and deposit of any advance commissions from Company shall constitute acceptance of the terms and conditions of this Agreement below by Producer, Upon execution of this Agreement, any prior Producer Advance Commission Agreement or Amendments to Producers Agreement for Advance Commissions will be discontinued.

  • Payments of commission shall be made within 15 days after the end of each month and shall be offset and reduced by any unrecouped Advance Commissions that have previously been disbursed to Contractor.

  • Advance Commissions will be payable to the Qualified Producer on an Eligible Group Policy for an Eligible Line of Coverage within 31 days of submission of the Final Enrollment Report, but in no event prior to the effective date of the Eligible Group Policy.

  • If any Advance for a Producer goes into default, The Hartford reserves the right to withhold or cease altogether any future Advance Commissions for the Producer.

  • The purpose of this Schedule O is to describe Advance Commissions to be paid to Producer upon meeting the criteria described herein.

  • The Associated Entity is otherwise approved by The Hartford for Advance Commissions.

  • The Producer of Record to which the entity is associated for an Eligible Group Policy must be eligible and approved for Advance Commissions for the Associated Entity to be eligible.

  • Producer must request Advance Commissions for a Group Policy for an Eligible Line of Coverage at time of proposal or at time of new policy installation, but in any event prior to the initial effective date of the Group Policy.

  • A Group Policy for an Eligible Line of Coverage will qualify for Advance Commissions if there are 1,000 or more eligible lives under the Group Policy as of the initial effective date of the Group Policy.

  • Producer must be otherwise approved by The Hartford for Advance Commissions.

Related to Advance Commissions

  • Selling Commissions means any and all commissions payable to underwriters, dealer managers or other broker-dealers in connection with the sale of Shares, including, without limitation, commissions payable to the Dealer Manager.

  • Election Assistance Commission means the commission established by Public

  • the Commission means the Charity Commission for England and Wales;

  • Central Commission means the Central Electricity Regulatory Commission referred to in sub-section (1) of section 76 of the Act;

  • Securities Commissions means the securities commission or other securities regulatory authority in each of the Qualifying Jurisdictions;