Dedicated Agent definition
Examples of Dedicated Agent in a sentence
Please note that your Dedicated Agent may be substituted at any point during the term of our Agreement with you.
Customers are assigned to a Dedicated Agent upon booking a Home Visit for their Property.
IMS shall pay Cadence, as part of its Agent Fee, an amount equal to the fully-loaded payroll cost for and discretionary expenses such as travel, materials and supplies, and communications incurred by each Dedicated Agent.
An employee of Cadence is a "Dedicated Agent" during those periods with respect to which IMS is obligated to pay or has paid Cadence a fee equal to the Agent Fees as provided for in this Agreement.
Payments pursuant to the Dedicated Agent Commission Schedules with respect to the Coinsured Policies, subject to any offsets to which the Ceding Company is entitled with respect to any such payments.
With respect to the Dedicated Agent Commission Payments, the Reinsurer’s only obligation under this Agreement shall be to calculate and pay to the Ceding Company the aggregate amount of the Dedicated Agent Commission Payments.
Cadence acknowledges that the Agent Fee paid by IMS fully covers Cadence's costs with respect to the Dedicated Agents, and hereby commits to assign and does assign to IMS, free of claims by Cadence, all intellectual property developed by Dedicated Agents while they are or were Dedicated Agents, to the extent Cadence has rights to that intellectual property under applicable agreements with the Dedicated Agent pursuant to local law.
Any expense allowance, commission, override commission, service fee or other compensation payable by any Ceding Company to a Producer pursuant to (i) a Producer Agreement, (ii) the Dedicated Agent Commission Schedules, or (iii) any other commission schedule listed on Schedule 3.7, in each case subject to any offset to which such Ceding Company is entitled with respect to any such payments.
With respect to Producer Payments other than Dedicated Agent Commission Payments, the Ceding Company hereby designates the Reinsurer as “paying agent” to make such Producer Payments directly to the applicable Producers from and after the Closing Date.
Schedule 3.7 sets forth (i) a list of forms of Producer Agreements; (ii) to the extent that a form of any Producer Agreement is unavailable, a commission schedule setting forth commissions payable to Producers in connection with the Business; and (iii) the Dedicated Agent Commission Schedules.