Net Commissions definition

Net Commissions means gross commissions that are actually received by the Company and derived directly from the Employee's total purchase and sale of securities from transactions on accounts that are covered by the Employee for the firm, less any and all expenses related to the fees incurred in connection with the purchase or sale transactions effectuated by Employee, and any associated trading system or other costs including,
Sample 1Sample 2
Net Commissions means all commissions and investment advisory fees generated by Infinex with respect to securities and insurance transactions and investment advisory services which occur at or are attributable to the Infinex Centers operated at Subscriber’s locations, including but no limited to 12b-1 and related fees received by Infinex, less all transaction costs payable by Infinex. Potential subscriber expenses that may be deducted from revenue sharing payments include, but are not limited to the following: Expenses Recruitment (i.e., advertising, newsletters) Market Information (i.e., S&P Research and Bond guides) Technology Resources, Net Exchange Pro, PIRS Insurance (E&O coverage) Education – Employee study and training materials, continuing education materials Execution Services/Processing fees – Insurance chargebacks, trading errors, ticket charges Product/Marketing Technology Development fee $200* Historical Research (previous years’ tax history, sales history, etc.) Trade Execution Charges
Sample 1Sample 2
Net Commissions means all commissions and fees received by the Company net of any chargebacks, discounts or reductions imposed by the travel vendor and compensation offsets as set forth in Paragraph 14. Commission rate selection may be changed by Independent Contractor upon fifteen (15) day notice to Company and payment of relevant fees as set forth in Exhibit C. Changes in commission selection will apply to bookings made from the time the selection is made going forward, except in cases where the Independent Contractor has changed the selection to a lower commission rate, in which case the change in commission will be apply to future commission payments regardless of when the booking was made. [Example 1: Independent Contractor notifies Company to change commission selection from 80% to 100% on March 1 and begins paying relevant fees per Exhibit C on March 15. Commission on bookings invoiced in ClientBase subsequent to March 15 will be paid at the 100% commission rate. Commissions on bookings invoiced prior to March 15 but not yet paid will be paid at the 80% commission rate. Example 2: Independent Contractor notifies Company to change commission selection from 100% to 80% on March 1 and fees are reduced per Exhibit C on March 15. Commissions on all bookings paid after March 15 will be paid at the 80% commission rate.] Exhibit B Commission Payment Terms Company shall pay Independent Contractor Commissions upon the follow terms: Commissions will be credited (“Credit Date”) to Independent Contract on the later of (i) receipt of the Net Commissions by the Company (“Receipt Date”), and (ii) completion of the travel by the client (“Travel Date”). Receipt Date for commissions and Independent Contractor’s client fees will be determined by Company for the following travel arrangements upon occurrence of the events noted below:
Sample 1

Examples of Net Commissions in a sentence

  • Perhaps because of this decision (although the record is silent on the matter), USI ultimately decided against purchasing the Virginia office when the APA closed $216,730.09 in commissions in his final year at WFIS, the Net Commissions and Fees amount would have been $655,170—the amount of revenue McGillivray earned for WFIS.

  • Components of Results of Operations Revenue Net Commissions and Fees Net commissions and fees are derived primarily by commissions from our three Specialties and are paid for our role as an intermediary in facilitating the placement of coverage in the insurance distribution chain.

  • As per this Circular, Combined ratio = (Net Claims Incurred/Net Earned premium) + (Net Commissions + Expenses)/Net Written Premium.

  • Therefore, an officer’s year-end Net Commissions (defined below) for a calendar year will be based on loan activity for the 12 months ending on October 31st of that same year.

  • As consideration for the use of the INSTITUTION’s space and facilities pursuant to the Agreement, Capital Investment Group shall pay on a monthly basis to the Institution ( %) of Net Commissions (as defined below) attributable to the operation of the Investment Desk in the INSTITUTION.

  • Contractor shall be paid compensation as follows: (a) a monthly fee of $19,250, payable in two equal installments on the 15th and 30th of each month hereunder, and (b) a commission equal to five (5.0%) percent through August 31, 2003 and ten percent (10.0%) thereafter of the Company's Net Commissions and Buybacks excluding commissions earned from the sale of Superior owned inventory.

  • Section 6.24 of the Disclosure Schedule sets forth the names of the top ten (10) Clients of the Company, measured by Net Commissions and Fees (collectively, the “Material Clients”) and sets forth the Net Commissions and Fees attributable to each Material Client for the twelve (12) month period ending December 31, 2022 (the “Measurement Period”).

  • For the referral of accounts to the Agency, the Independent Contractor shall be entitled to the following share of commissions received by the Travel Agency: *10 percent (10%) of the Net Commissions shall be paid for the referral of a client whereby the Agency services the entire referral.

  • Specialty Risk Management Operations Agency Operations Net Commissions: $12MM Inter-segment Commissions: $1MM Insurance Company Specialty Programs Net Earned Premium: $255MM Investment Income: $22MM Fee-for-Service Specialty Programs Management Service Fees: $30MM Intercompany Fees: $50MM Note: Figures are for the year ending December 31, 2006 Revenue is derived from over $700 million in annual gross premiums under management.

  • Infinex shall make Revenue Sharing Payments to Subscriber in accordance with Section 7 of the Agreement in an amount equal to 80% of Net Commissions (as hereinafter defined).


More Definitions of Net Commissions

Net Commissions for purposes of this agreement is defined to include commissions and fees net of all clearing and brokerage charges set forth in "10c" below and any direct cost mutually agreed upon by the Bank and RHI. b.) Employees of the Bank will receive discounts on all personal securities trades in their accounts. c.) The following schedule sets for the total commission and brokerage charges for securities transactions executed through RHI. This schedule is subject to change upon written notice by RHI to the Bank or pursuant mutual agreement by the parties hereto. Order Variable Charges ----- ---------------- Listed: $25.00 + $0.20/share (Market orders 1-4, 999 shares) Stocks + $0.30/share (Limit orders 1-4, 999 shares) or + $0.25/share (Market or Limit 5,000 shares and over) Bonds $50.00 OTC Principal: Stocks $35.00 + $0.25/share (Market or Limit orders on shares under $5,000) + $0.150/share (5,000 and over) GNMA $50.00 Muni $50.00 Corporate $50.00 Treasury $50.00 Syndicate $50.00 Mutual Funds: Load $50.00 No-Load $50.00 Exchange Fee $50.00
Sample 1
Net Commissions means 1.25% for mutual funds, variable annuities and packaged products and 3.75% for stocks and bonds); less (iii)soft dollars and other similar revenues, net of ticket charge payments, clearing costs and meeting expenses, received by the Subs and allocable to G&C Planners. In addition, in the event that a representative who was an employee of any of the Subs prior to January 1, 1999 or is recruited by any of the Subs subsequent to January 1, 1999 becomes a representative or planner of G&C or an affiliate of G&C other than the Subs, the 1999 Adjusted Pre-tax Profits shall be further adjusted such that the Subs are credited with receiving the same net commissions that would have been received by the Subs for business generated in 1999 by such representative if such representative had remained a representative of the Subs. For purposes of calculating the 1999 Adjusted Pre-tax Profits, commissions paid to G&C Planners shall be deemed to be 95% for mutual funds, variable annuities and packaged products and 85% for stocks and bonds. The purpose of the adjustments to 1999 Adjusted Pre-tax Profits set forth in clauses (ii) of this Section 3.2(a) is to remove from the 1999 Adjusted Pre-tax Profits a reasonable estimate of the profit received by the Subs for business generated by G&C Planners, but to reimburse the Subs for a reasonable estimate of the cost of supervising such G&C Planners. Within 30 days of the end of each calender quarter, Purchaser shall calculate the 1999 Adjusted Pre-tax Profits for such quarter and provide Sellers with a copy of such calculation; provided, however, that such quarterly calculations and the final calculation of the 1999 Adjusted Pre-tax Profits shall be subject to reasonable year-end adjustments.
Sample 1

Related to Net Commissions

  • Selling Commissions means any and all commissions payable to underwriters, dealer managers or other broker-dealers in connection with the sale of Shares, including, without limitation, commissions payable to the Dealer Manager.

  • Selling Commission means three percent (3%) 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.

  • Tax Commission means the Oklahoma Tax Commission;

  • Railways Commission means the Western Australian Government Railways Commission established pursuant to the Government Railways Xxx 0000;

  • Ceding Commission shall have the meaning specified in Section 5.2.

  • Planning Commission means the Planning Commission of the City.

  • Leasing Commissions means leasing commissions incurred by Borrower in connection with leasing any Mortgaged Property or any portion thereof (including renewals of existing Leases).

  • Joint Commission means the accrediting body whose standards are referred to in these Bylaws.

  • Central Commission means the Central Electricity Regulatory Commission referred to in sub-section (1) of section 76 of the Act;

  • City Commission means the legislative body of the City of Miami.

  • Securities Commissions means collectively, the applicable securities commission or securities regulatory authority in each of the Qualifying Jurisdictions;

  • European Commission means the authority within the European Union that has the legal authority to grant Regulatory Approvals in the European Union based on input received from the EMA or other competent Regulatory Authorities.

  • Commissions means the Commissions with Jurisdiction over the Issuer (as defined on page 4) and the securities commissions incorporated in the definition of this term in other parts of the Subscription Agreement;

  • Diocesan Schools Commission means the education service provided by the diocese, which may also be known, or referred to, as the Diocesan Education Service.

  • the Commission means the Charity Commission for England and Wales;

  • Nuclear Regulatory Commission (NRC) means the U.S. Nuclear Regulatory Commission or its duly authorized representatives.

  • Redevelopment Commission means the Fishers Redevelopment Commission.

  • Commission means the Securities and Exchange Commission.

  • FTC means the U.S. Federal Trade Commission.

  • Commitment Commission shall have the meaning provided in Section 3.01(a).

  • Antitrust Division means the Antitrust Division of the United States Department of Justice.

  • Antitrust Authorities means the Antitrust Division of the United States Department of Justice, the United States Federal Trade Commission or the antitrust or competition Law authorities of any other jurisdiction (whether United States, foreign or multinational).

  • Finance commission means the Finance Commission of Texas.

  • Election Commission means the Election Commission appointed by the President under article 324;

  • County commission means the board of county commissioners of the county.

  • Canadian Securities Commissions means the securities regulatory authorities in each of the Qualifying Jurisdictions;