Eligible Commissions definition
Eligible Commissions means first year base commissions, excluding commissions paid on excess premiums and EAP, as provided in the applicable Compensation Schedule.
Eligible Commissions means those Commissions arising from property and casualty Insurance Policies, workers' compensation Insurance Policies and Insurance Policies issued in connection with employee group health insurance plans (but not any life Insurance Policy or other type of Insurance Policy) sold or acquired by Borrower in the ordinary course of Borrower's business (excluding fees or bonuses paid or payable by Insurance Companies based on volume, growth or profitability, and, except as set forth below, excluding fees paid or payable by any Policy Holder); provided, however, that Eligible Commissions shall not include the following:
Eligible Commissions are those commissions reported to Bank on the monthly Commission Estimate that meet all Borrower’s representations and warranties in Section 5.3, have been, at the option of Bank, confirmed in accordance with Section 2.1.1(d), and are due and owing from Account Debtors deemed creditworthy by Bank in its sole discretion.
Examples of Eligible Commissions in a sentence
Once your Application for Annualization (Eship # 142482) has been approved by Company, the maximum Advance on any one Eligible Contract, the total maximum Advance to you on all Eligible Contracts and the annualization rate of Eligible Commissions will be as stated on that Application for Annualization, which is made a part of this Agreement.
Eligible Commission(s) shall be paid quarterly within thirty (30) days of the close of each of the Company’s fiscal quarters.