Compensation Structure definition

Compensation Structure. You shall receive compensation on funded loan originations in the amounts set forth below, subject to your compliance with state and federal laws and the Innovative Mortgage Services, Inc. “

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Compensation Structure. ’ means the characteristics of the various forms of total compensation that an employee receives or may receive, including the amounts of such compensation or potential compensation relative to the amounts of other types of compensation or potential compensation, the amounts of such compensation or potential compensation relative to the total compensation over the relevant period, and how such various forms of compensation interrelate to provide the employee his or her ultimate total compensation. These characteristics include, but are not limited to, whether the compensation is provided as salary, short-term incentive compensation, or long-term incentive compensation, whether the compensation is provided as cash compensation, equity-based compensation, or other types of compensation (such as executive pensions, other benefits or perquisites), and whether the compensation is provided as current compensation or deferred compensation.

Compensation Structure. You shall receive compensation on closed and funded loan originations in the amounts set forth below, subject to your compliance with state and federal laws and the Innovative Mortgage Services, Inc. “Compliance Guide.” Closed transactions resulting from fraudulent origination or negligent origination practices, early payoffs or early payment defaults subject to wholesale lender or investor recapture, or failure to collect the minimum quarterly compensation election will result in forfeiture/recapture of total compensation. Innovative Transaction Fee: Loan originator agrees to originate loans as a member of the following team Compensation Election: Loan originator must elect his or her compensation each quarter. Originator may elect a combination of a fixed percentage, fixed dollar addition or deduction, a floor and a ceiling. The elected compensation applies to all transactions originated (date application executed) during the applicable quarter, regardless of when they close. Innovative may impose a default elected compensation in the amount of 1% in the absence of a validly registered compensation election. Loan originator must collect enough revenue per transaction to equal their elected compensation or forfeit their compensation altogether. Compensation exceptions are permissible where they are a legitimate benefit to the borrower, unrelated to compensation and are approved in writing in advance by Innovative management. Innovative will deduct the applicable transaction fee from the elected compensation applicable to each closed and funded transaction.

Examples of Compensation Structure in a sentence

• The Compensation Structure cannot be modified, either before or after the system receives Approval to Energize from the utility.

• The Compensation Structure of either Buy-All or Netting Tariff as indicated in the Cover Sheet and further described in Section 4.3 of the Program Rules.

• Employee will also be eligible for a monthly bonus in accordance with the guidelines outlined in the Company's Corporate Compensation Structure, attached hereto as Exhibit "A", provided that such guidelines shall be subject to modification by the Compensation Committee on an annual basis.

• Compensation Structure Vendor will be paid in accordance with terms of the Agreement and this Task Order for services rendered.

• The following attachments are hereby incorporated into this Agreement as part hereof as though fully set forth herein: EXHIBIT A – Scope of Work, EXHIBIT B – Compensation Structure.

• If there are multiple ATMs covered by the Agreement to which this Compensation Structure is attached, the below transaction volumes and resulting compensation are evaluated on a per-ATM basis and not aggregated (e.g., three ATMs that do 200 transactions each, does not result in compensation at the tier for 600 transactions; rather, compensation would be determined for each ATM at the tier for 200 transactions).

• The vesting of the Bonus Stock and the Bonus Stock Options is subject to the milestones and levels of incentive compensation set forth in the EXECUTIVE Bonus Securities Compensation Structure as set forth in Appendix I of this Agreement.

• Compensation Structure: Buy-All Netting Tariff ▇▇▇ Designation: Yes No Tax ID Numbers US Federal Jurisdiction of Organization Company Type Corporation Limited Partnership LLP LLC Partnership Individual Other General ADDRESS ATTN TEL#: FAX#: EMAIL REFERENCE Wire Transfer Numbers (IF APPLICABLE) BANK BANK ADDRESS: ABA: ACCT: CHECKING SAVINGS OTHER DETAILS: Checks (IF APPLICABLE) ATTN: ADDRESS: ACH Numbers (IF APPLICABLE) Note – If you provide ACH instructions, you must also provide wire instructions.

• Client Signature: Date Print Name Freelancer Signature: Date Print Name EXHIBIT A Description of Services: Compensation Structure and Payment Terms: This template was created by UsefulPDF If you want to learn more about Lease Agreements, read more in our Free Independent Contractor (Freelance) Agreement Templates category.

• Compensation Structure Vendor will be paid in accordance with terms of the Agreement and this Task Order for Services rendered.

More Definitions of Compensation Structure

Compensation Structure. You shall receive compensation on closed and funded loan originations in the amounts set forth below, subject to your compliance with state and federal laws and the Innovative Mortgage Services, Inc. “Compliance Guide.” Loan originator, at company discretion, may forfeit or surrender compensation resulting from fraudulent transactions, negligent origination practices, early payoffs subject to recapture, or failure to collect the minimum quarterly compensation election. Innovative Transaction Fee: Select one plan below by placing your initials in the empty space provided. Loan originator may change plans quarterly by submitting a newly executed compensation agreement. The transaction fee will apply to and be deducted from the elected compensation applicable to each closed and funded transaction. Compensation Election: Loan originator must elect his or her compensation each quarter. Originator may elect a combination of a fixed percentage, fixed dollar addition or deduction, a floor and a cap. The elected compensation applies to all transactions originated (date application executed) during the applicable quarter, regardless of when they close. Innovative may impose a default elected compensation in the amount of 1% in the absence of a validly registered compensation election. Originator must collect enough revenue per transaction to equal their elected compensation. Innovative will deduct the applicable transaction fee from the elected compensation applicable to each closed and funded transaction.

Compensation Structure means the financial offer for the Indoor/Outdoor Advertising Program that includes a Minimum Annual Guarantee (MAG) and a percentage of the annual Gross Advertising Revenues as described in Section VIII.A.3 of the RFP and Exhibit F attached hereto and incorporated herein by reference.

Compensation Structure. You shall receive compensation on closed and funded loan originations in the amounts set forth below, subject to your compliance with state and federal laws and the Innovative Mortgage Services, Inc. “Compliance Guide.” Closed transactions resulting from fraudulent origination or negligent origination practices, early payoffs or early payment defaults subject to wholesale lender or investor recapture, or failure to collect the minimum quarterly compensation election will result in forfeiture/recapture of total compensation. Innovative Transaction Fee: Select one plan below by placing your initials in the empty space provided. Loan originator may change plans quarterly by submitting a newly executed compensation agreement. The transaction fee will apply to and be deducted from the elected compensation applicable to each closed and funded transaction. Compensation Election: Loan originator must elect his or her compensation each quarter. Originator may elect a combination of a fixed percentage, fixed dollar addition or deduction, a floor and a ceiling. The elected compensation applies to all transactions originated (date application executed) during the applicable quarter, regardless of when they close. Innovative may impose a default elected compensation in the amount of 1% in

Compensation Structure means the cost of providing the Scope of Services as described in Section IV.A.3 of the RFP and outlined in Exhibit F attached hereto and incorporated herein by reference.