Initial Commission definition

Initial Commission means any amount paid by the Society to an Intermediary for the introduction of a Client who takes out a Contract with the Society or who amends an existing Contract that has the effect of increasing the level of premiums payable.
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Initial Commission means commission paid to the Introducer as a one-off
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Initial Commission means the Initial Annualised Premium x Initial Total Participants x Initial Commission Rate
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Examples of Initial Commission in a sentence

  • Ms. Bhattacherjee was paid Rs. 10,099,506 as remuneration for the period from 5th August, 2015 to 30th June, 2016.The remuneration payable to Ms. Neela Bhattacherjee may be revised from time to time, during her tenure as managing director, subject to such consents, sanctions as may be necessary for such revision in remuneration.

  • The Initial Commission fee is payable on the commencement of the tenancy.

  • Note that the first and second commission payments, when added together, equal the applicable full Initial Commission, regardless of the enrollment effective date or month.

  • Initial Commission will be paid by the investor directly to the distributor, based on assessment of various factors including the service rendered by the Distributor.

  • The Initial Commission fee is charged as a percentage of the total rental value of the agreed term as specified in the tenancy agreement, subject to clause 1.1.5 below.


More Definitions of Initial Commission

Initial Commission means a commission for an Initial Enrollment.
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Initial Commission has the meaning specified as such in the Pricing Supplement.
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Initial Commission means commission payable by ZAL to the Intermediary on premiums paid during the initial commission period as described in the tables at the end of this Commission Guide.
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Initial Commission the commission payable by Fairmead to the Intermediary on the premiums or instalments paid or to be paid by a Policyholder to Fairmead in respect of a Policy during the first 12 months of the policy;
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Initial Commission means commission payable by Sterling and payable to the Intermediary, as described in clause 3.3;
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Initial Commission means, either:
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Initial Commission means initial commission at the rates set out in the Exeter Commission Schedule.
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