Excess Commission definition
Excess Commission means the amount of any commission, which is due to be repaid to the Society in accordance with the Society’s published rates of commission.
Examples of Excess Commission in a sentence
Included among the assets to be sold to Sub for the Purchase Price herein will be the Excess Commission Plan with Fidelity Warranty Services and the Excess Parts Inventory of the Company and Jag Subsidiaries.
In the event that this Agreement is terminated by the Company without Cause, the Company shall pay GPS the balance of the Annual Draw for the remainder of the Term year in which the termination occurs plus any unpaid portion of the Start Up Draw plus any Commission earned but unpaid as of the date of such termination, plus any Excess Commission (defined below) earned in the Term year in which the termination occurs.