Override Amount definition

Override Amount means the amount paid to Employee for his/her managerial responsibilities. The Monthly Override will be considered earned and paid out 30 days after the end of the performance month in accordance with Company payroll practices in effect, as may be revised from time to time. For example, monthly override for February in-house closed loan volume will be paid at the end of March. • 2 Basis Points monthly override on all in-house closed loan production for Corresponding Lending and FIS Tier 2.
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Examples of Override Amount in a sentence

  • An “In-House Loan” is defined as a company closed and funded residential mortgage loan that is (a) closed and funded by Company in accordance with Applicable Requirements, in the period in which the Override Amount is calculated; and (b) not unfunded, cancelled or rescinded for any reason within five (5) days after settlement.

  • If EI achieves or surpasses the applicable performance threshold set forth above in any given performance period (e.g. quarterly or annually, as applicable), then the highest applicable Standalone Merchant Override Amount will apply to all bookings within that performance period.

  • If EI achieves or surpasses the applicable performance threshold set forth above in any given performance period (e.g. quarterly or annually, as applicable), then the highest applicable Agency Override Amount will apply to all bookings within that performance period.

  • Company will confirm through the Partner Portal that Customer has accepted the Customer Agreement by providing a record of such acceptance (providing the acceptance date, name of signatory and other relevant details) upon the creation of any new subscriptions.