Direct Commission definition

Direct Commission means all commissions and other consideration now or hereafter accrued or payable to the brokers and other intermediaries for the Reinsured Risks, which are composed of a fixed commission based on the net earned premiums and a variable commission based on a profit sharing mechanism. For the avoidance of doubt, it is intended that the Agreement have no impact on the calculation of the profit sharing in any arrangement with a broker or an intermediary.
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Examples of Direct Commission in a sentence

  • To be clear, where Aussie has not received Direct Commission in respect of a Settled Loan, then the Settled Loan will not be included in the calculation of IMSV for the purposes of determining Upfront Commission payable to you.

  • Aussie does not warrant that any figure disclosed as Direct Commission is accurate, but will take reasonable endeavours to ensure the accuracy of the Direct Commission in the Commission Statement.

  • To be clear, in Calendar Months where Aussie has not received Direct Commission in respect of a Settled Loan or Previous Channel Loan, then the Settled Loan and Previous Channel Loan will not be included in the Aggregate Loan Balance for the purposes of calculating Loyalty Bonus in those Calendar Months and no Loyalty Bonus payments will not be paid in respect of that Settled Loan.

  • If the relevant Supplier pays AHL Investments the relevant Direct Commission during a month at a time that allows for the payment to be made to you on the Monthly Payment Date, then you will receive the Loyalty Bonus on the Monthly Payment Date in that month.

  • The respective package also brings you further advantages in the Global compensation Plan You will receive additionally ICW to each package Here you will get paid your Direct Commission.

  • AHL Investments does not warrant that any figure disclosed as Direct Commission is accurate, but will take reasonable endeavours to ensure the accuracy of the Direct Commission in the Franchise Commission Statement.

Related to Direct Commission

  • Selling Commission means three percent (3.0%) of the gross proceeds of Shares sold pursuant to this Agreement, or as otherwise agreed between the Company and the Agent with respect to any Shares sold pursuant to this Agreement.

  • Joint Commission means a joint commission consisting of repre­ sentatives of Iran and of China, France, Germany, the Russian Federation, the United Kingdom and the United States with the High Representative of the Union for Foreign Affairs and Security Policy (‘High Representative’), that will be established to monitor the implementation of the Joint Comprehensive Plan of Action of 14 July 2015 (‘JCPOA’) and will carry out the functions provided for in the JCPOA, in accordance with point ix of the JCPOA's ‘Preamble and General Provisions’ and Annex IV to the JCPOA.

  • Railways Commission means the Western Australian Government Railways Commission established pursuant to the Government Railways ▇▇▇ ▇▇▇▇;

  • Tax Commission means the Oklahoma Tax Commission;

  • Planning Commission means the Planning Commission of the City.