Top Producer definition

Top Producer means a top twenty (20) producer of the Company and the Company Subsidiaries, taken as a whole, based on volume of new policy inceptions placed by such producers during the period commencing on January 1, 2021 and ending on the date of this Agreement.
View Source
Top Producer means an Agent who, at the time Deferred Compensation is credited for such person under the Plan, (a) qualified for Chairman's Council or Master's Council with regard to performance in the prior calendar year, as determined by the Plan Administrator in its discretion, and (b)(1) certifies to the Plan Administrator that at least fifty percent (50%) of the Agent's income (excluding income attributable to passive sources and to investments) in the prior year was derived from Affiliates; (2) the Agent if the Agent became an Agent during the prior year, the Agent certifies to the Plan Administrator that the Agent reasonably believes and has a good faith expectation that the Agent will derive at least fifty percent (50%) of the Agent's income in the present year from Affiliates and subsequently certifies that at least fifty percent (50%) of the Agent's income (excluding income attributable to passive sources and to investments) in that year was derived from Affiliates; or (3) the Plan Administrator otherwise determines, in its discretion, that the Agent may participate consistent with requirements for the registration of debt incurred by MetLife, Inc. under the Plan with the Securities and Exchange Commission on a form S-8. The Plan Administrator may determine the Agents to whom amounts are to be credited and the amounts to be credited, on a basis other than provided in the first sentence of this Section 19.24, if it finds in its discretion that it is impractical,
View Source
Top Producer shall have the meaning set forth in Section 5.19(b).
View Source

Examples of Top Producer in a sentence

  • The Acquired Companies are not currently engaged in any material dispute with any Top Producer, and since the Balance Sheet Date, neither the Seller nor the Acquired Companies have received any written notice, or, to the Knowledge of the Seller, any other notice, that any Top Producer has ceased or materially modified (or threatened to cease or materially modify) its relationship with the Acquired Companies or intends to do so.

  • To the Knowledge of the Seller, the consummation of the transactions contemplated by this Agreement would not reasonably be expected to result in the termination of or any material adverse modification to, or otherwise have an adverse and material effect on, the business relationship of the Acquired Companies with any Top Producer.


More Definitions of Top Producer

Top Producer has the meaning set forth in Section 3.21(c).
View Source