Earned Commissions definition

Earned Commissions means compensation (sales commissions) earned on the sale of eligible products determined using the appropriate commission schedule in accordance with established Company practice.

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Earned Commissions means the Commission Revenue attributable to policies sold by AVL and/or payable under agreements with insurers. Notwithstanding the foregoing, the Earned Commissions shall not include any: (i) Contingency Revenues; (ii) revenues derived by the Purchaser from joint venture or revenue processing agreements which the Purchaser or AVL may enter into after the Closing Date, except those revenues derived by the Purchaser from those persons or agencies set forth on Schedule "M" attached hereto which shall be included in the definition of Earned Commissions; (iii) life insurance revenues; (iv) interest income; or (v) finance charges;

Earned Commissions means and include gross commissions, fees, and other income received by Employer on all paid-in full premiums (or installments thereof) from accounts originated by Employee for Employer during the Term of this Agreement, but does not include any general agency overrides, volume or persistency bonuses, etc. Gross commissions do not include any contingent commission or expense reimbursement allowances that Employer receives, regardless of whether insurance originated by Employee is included in the computation or determination thereof. In calculating "Earned Commissions", the following should be excluded: (i) any commission, fee and/or return premium that are repaid or become repayable by Employer to customers and/or insurers and; and (ii) any commission and/or fee Employer is obligated to pay to an independent contractor, sub-broker and/or sub-agent.

Examples of Earned Commissions in a sentence

• When all Sales Commissions payable on the Contracts on which Sales Entity is eligible to receive Sales Commissions have either been withheld as a Recovery or become Earned Commissions, the remaining balance of any Earned Commissions not yet withheld as a Recovery shall be paid to Sales Entity.

• Sales Entity shall be responsible for repayment to PEC for all Recoveries that exceed previously paid Earned Commissions.

• The Company agrees that the statute of limitations on any claim by Executive for Earned Commissions is tolled from the Effective Date until the third anniversary of the Effective Date.

• Coincident with that transfer, all rights to any and all future Earned Commissions attributable to the account, and tax benefits, will also be transferred to Producer.

• Payment of Advances Against Commissions will cease as of the Termination Date and any pending Advances Against Commissions, including Earned Commissions not yet paid, will be held back to cover all Recoveries.

• If the debit balances are not paid off, the entire remaining balance will be immediately due at the earlier of ten (10) months or upon determination that Earned Commissions will not be sufficient to repay the debit balance in full.

• You may not “self-refer,” meaning that only transactions by other persons using your affiliate link will result in Earned Commissions.

• In the event of termination of the Producer Agreement, termination by any Carrier of its marketing of policies through Company or through the Producer or their Sub-Producers, or following a determination by Company that the estimated value of future Earned Commissions is not sufficient to pay the remaining debit balances, then all Earned Commissions, if any, shall be applied to repay the remaining debit balances until fully paid.

• As Earned Commissions, if any, become due to Executive, they shall be calculated and paid on the same schedule as Base Salary payments in the applicable amounts as outlined in the Commission Rate Schedule below.

• Such amount shall be paid to ▇▇▇▇▇▇▇▇▇▇, net of all applicable taxes that are required to be withheld, in accordance with procedures set forth for the payment of Earned Commissions set forth in Section 4 hereof except that ▇▇▇▇▇▇▇▇▇▇ will not be paid a Draw against any amounts due under this Section 5.3(b).

More Definitions of Earned Commissions

Earned Commissions means the commission revenue attributable to policies sold by the Vendor and/or payable under agreements with insurers, with an effective date after the Closing Date and which shall include commissions notwithstanding that the same may not have been invoiced. Notwithstanding the foregoing, the Commissions Earned shall not include any: (i) Contingency Revenues; (ii) revenues derived by the Purchaser from those persons or agencies set forth on Schedule "M" attached hereto or any revenues derived by the Purchaser from similar joint venture or revenue processing agreements which the Purchaser may enter into after the Effective Date; (iii) life insurance revenues; (iv) interest income; or (v) finance charges;

Earned Commissions means [DEFINITION TO COME].

Earned Commissions means the commission revenue attributable to policies sold by the Vendor and/or payable under agreements with insurers, with an effective date after the Effective Date and which shall include commissions notwithstanding that the same may not have been invoiced. Notwithstanding the foregoing, the Commissions Earned shall not include any: (i) Contingency Revenues in excess of $50,000.00; (ii) revenues derived by the Purchaser from joint venture or revenue processing agreements which the Purchaser or Vendor may enter into after the Closing Date, except those revenues derived by the Purchaser from those persons or agencies set forth on Schedule "M" attached hereto which shall be included in the definition of Earned Commissions; (iii) life insurance revenues; (iv) interest income; or (v) finance charges;