Deferred commission definition

Deferred commission means a commission that is
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Deferred commission means a commission that is earned and is not yet payable.
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Deferred commission means the gross underwriting commission payable by the Company to the joint global coordinators appointed by the Company10 in connection with the Offering equal to 1.5% of the aggregate proceeds of the Offering;
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Examples of Deferred commission in a sentence

  • Deferred commission costsCosts incurred to obtain or fulfill a contract with a customer were previously expensed as incurred.

  • Deferred commission income is presented under other liabilities and provisions in the accompanying consolidated financial statements.Liability adequacy test: At each reporting date, a liability adequacy test is performed, to ensure the adequacy of unearned premiums net of related deferred acquisition costs.

  • Deferred commission cost assets Under IFRS 15, we defer incremental commission costs paid to internal and external representatives as a result of obtaining contracts with customers as deferred commission cost assets and amortize them to operating expenses over the pattern of the transfer of goods and services to the customer, which is typically evenly over either 12 or 24 consecutive months.

  • Deferred commission incomes are amortized systematically over the life of the contracts at each reporting date.

  • Deferred commission cost assetsWe defer the incremental cost of obtain or fulfill a contract with a customer over their expected period of benefit to the extent they are recoverable.

  • Deferred commission income relates to commissions received on ceded reinsurance businesses but not yet earned as at reporting date.

  • The employee must then be paid extra compensation at one-half of that rate for each hour worked in excess of the applicable max- imum hours standard.§ 778.119 Deferred commission pay- ments—general rules.If the calculation and payment of the commission cannot be completed until sometime after the regular pay day for the workweek, the employer may dis- regard the commission in computing the regular hourly rate until the amount of commission can be ascertained.

  • Deferred commission cost assetsWe defer the incremental cost to obtain or fulfill a contract with a customer over their expected period of benefit to the extent they are recoverable.

  • Other Liabilities These include: 7,101 7,7668,944 9,3133,224 3,384 19,269 20,4632014 2013 Payables and accrued expenses Insurance balances payable Deferred commission income Total Insurance balances payable include amounts payable to reinsurers and brokers.

  • Deferred commission is calculated on a pro-rata basis in respect of each insurance policy.


More Definitions of Deferred commission

Deferred commission is all commissions that are capitalized and not yet recognized as costs.” ““Deferred Revenue” is all amounts received or invoiced in advance of performance under contracts and not yet recognized as revenue.”
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Related to Deferred commission

  • Deferred Compensation means the Compensation elected by the Participant to be deferred pursuant to the Plan.

  • Deferred Compensation Plan means any plan, agreement or arrangement maintained by the Company from time to time that provides opportunities for deferral of compensation.

  • Section 409A Deferred Compensation means compensation provided pursuant to an Award that constitutes nonqualified deferred compensation within the meaning of Section 409A.

  • Deferred Compensation Award means an award of Stock Units granted to a Participant pursuant to Section 12 of the Plan.

  • Deferred Compensation Agreement means an agreement to participate and to defer compensation between a Participant and the Company in such form and consistent with terms of the Plan as the Company may prescribe from time to time.

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • Nonqualified deferred compensation plan means a compensation plan described in Section 3121(v)(2)(C) of the Internal Revenue Code.

  • Group health benefit plan means any health care plan, subscription contract, evidence of

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.

  • Nonqualified Deferred Compensation Rules means the limitations or requirements of Section 409A of the Code, as amended from time to time, including the guidance and regulations promulgated thereunder and successor provisions, guidance and regulations thereto.

  • Company Benefit Plan has the meaning specified in Section 4.13(a).

  • Public employer means any officer, board, commission,

  • Company Employee Plan means any plan, program, policy, practice, contract, agreement or other arrangement providing for compensation, severance, termination pay, deferred compensation, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written or unwritten or otherwise, funded or unfunded, including without limitation, each "employee benefit plan," within the meaning of Section 3(3) of ERISA which is or has been maintained, contributed to, or required to be contributed to, by the Company or any Affiliate for the benefit of any Employee, or with respect to which the Company or any Affiliate has or may have any liability or obligation;

  • Pension Benefit Plan means at any time any employee pension benefit plan (including a Multiple Employer Plan, but not a Multiemployer Plan) which is covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Code and either (i) is maintained by any member of the Controlled Group for employees of any member of the Controlled Group; or (ii) has at any time within the preceding five years been maintained by any entity which was at such time a member of the Controlled Group for employees of any entity which was at such time a member of the Controlled Group.

  • Basic health benefit plan means any plan offered to an individual, a small group,

  • 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 the effective date of the NYSE listing standard, (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.

  • Company Benefit Plans has the meaning set forth in Section 3.16(a).

  • Parent Benefit Plan means any Employee Benefit Plan maintained by, sponsored by or contributed to by, or obligated to be contributed to by any Parent Group Entity.

  • Parent Benefit Plans has the meaning set forth in Section 5.07(b).

  • Foreign Benefit Arrangement means any employee benefit arrangement mandated by non-U.S. law that is maintained or contributed to by any Credit Party or any of its Subsidiaries.

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).

  • Foreign Benefit Plan means any Employee Benefit Plan established, maintained or contributed to outside of the United States of America or which covers any employee working or residing outside of the United States.

  • Benefit Arrangement means at any time an employee benefit plan within the meaning of Section 3(3) of ERISA which is not a Plan or a Multiemployer Plan and which is maintained or otherwise contributed to by any member of the ERISA Group.

  • Company Employee Plans has the meaning set forth in Section 3.12(a).

  • Professional employer agreement means a written contract by and between a client and a PEO that provides for the following:

  • Deferred Plan means a trust governed by a registered retirement savings plan, registered retirement income fund, registered education savings plan or tax-free savings account.