Back End Compensation definition

Back End Compensation means the total compensation paid by the funding lender that inures to the benefit of the mortgage broker and the mortgage company for which the mortgage broker is an officer, partner, member, contractor, independent contractor, exclusive agent or employee.
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Examples of Back End Compensation in a sentence

  • ISO shall be paid via Back End Compensation within thirty (30) business days after Queen Funding receives full payment of the purchased Receipts from Merchant.

  • The payment timeframe of the Renewal Compensation shall follow either, Front End Compensation or Back End Compensation, at Queen Funding’s sole discretion.

Related to Back End Compensation

  • Basic Compensation means Salary and Benefits.

  • Covered Compensation means any Incentive-Based Compensation granted, vested or paid to a person who served as an Executive Officer at any time during the performance period for the Incentive-Based Compensation and that was Received (i) on or after October 2, 2023 (the effective date of the Nasdaq listing standards), (ii) after the person became an Executive Officer, and (iii) at a time that the Company had a class of securities listed on a national securities exchange or a national securities association such as Nasdaq.