Trail Commission refers to an amount equal to an annual percentage of the Certificate Account Value. Trail commissions will be initially calculated as of the date specified in the above paragraph. Once trail commissions have commenced, trail commissions shall be computed on each quarterly Certificate anniversary by multiplying 0.0625% (in the case of a 0.25% trail commission), 0.125% (in the case of a 0.50% trail commission) or 0.1875% (in the case of a 0.75% trail commission) by the Certificate Account Value computed on each quarterly Certificate anniversary. Trail commissions shall be paid at the calendar quarter end which follows the computation of the trail commission. Trail commissions shall continue until annuitization, surrender, or death which requires distribution of the Certificate Account Value.
Trail Commission means ongoing commission payable by NAB in respect of a loan at the rate, and in accordance with this Schedule 3 (Commission).
Trail Commission refers to an amount equal to an annual percentage of the Contract Account Value. Trail Commissions will be initially calculated as of the date specified above. Once commenced, Trail Commission shall be computed on each quarterly Contract anniversary by multiplying the rate below by the Contract Account Value computed on each quarterly Contract anniversary. Trail Commission Quarterly Rates Year 2 through 10 - 0.25% Years 11 through 20 - 0.125% Years 21 and thereafter - 0.0625% Trail Commissions shall be paid at the calendar quarter end which follows the computation of the Trail Commission. The Trail Commission will continue until annuitization, surrender, or death which requires distribution of the Contract Account Value. Payable to Distributor: 0%
Examples of Trail Commission in a sentence
Trail Commission: The Trail Commission is calculated on the basis of ‘Daily Average Assets'.
Annualized commission including Trail Commission will be computed on monthly average AUM and paid monthly.
Further, the payments of Trail Commission on Assets that are transferred from another Distributor to your ARN Code shall be subject to us receiving a “Clearance Certificate” from the previous Distributor and shall be subject to applicable rules.
The Trail Commission is calculated on the basis of ‘Daily Average Assets'.
In no event will Supplemental Trail Commission be paid on a contract less than one year old.
More Definitions of Trail Commission
Trail Commission. A trail commission shall be credited on an annualized basis. Such trail commission shall be computed monthly as of the end of each policy month on the policy's Accumulated Value less policy debt. The total of such amounts shall be payable annually at policy anniversary.
Trail Commission means Commission payable by the AMC/Mutual Fund to <Name of Distributor> based on the length of time the Customers stay invested in the Schemes as per the rates and terms and conditions as may be communicated by the AMC to <Name of Distributor> from time to time.
Trail Commission means a commission payable or remittable to a Distributor with respect to an in force insurance policy or annuity Contract with respect to years following the year in which the policy or Contract was issued.
Trail Commission. A trail commission of 0.20% on an annualized basis shall be computed monthly as of the end of each policy month on the policy's excess of the Accumulated Value, less any outstanding policy indebtedness, over $50,000 and payable annually on each policy anniversary date, provided the policy is in force on such date.
Trail Commission. Means any commission payable on home loans and lines of credit calculated in accordance with Part 3: Commissions – Table A.
Trail Commission is computed monthly based upon the Contract's Accumulated Value less any Contract debt (including any interest accrued but not yet paid), as of the beginning of each policy month. The monthly rate used will be the Trail Commission rate in the rate schedule above, divided by 12. Trail Commission payments will be made annually on each Contract anniversary. Trail Commission will be paid only if the Contract is in force on the date the Trail Commission is payable. There is no chargeback on trail commission upon lapse or surrender.
Trail Commission refers to an amount equal to an annual percentage of the Contract Account Value. Trail commissions shall be computed at each quarterly contract anniversary (upon the stated commencement period) by multiplying 0.0625% (0.25% annually) or 0.125% (in the case of a 0.50% trail commission) by the Contract Account Value computed on each quarterly contract anniversary. Trail commissions shall be paid at the end of the calendar quarter which follows the computation of the trail commission. Trail commissions shall continue until annuitization, surrender, or death which requires distribution of the Contract Account Value.