Unearned Commissions definition

Unearned Commissions means the portion of reinsurance commissions within a policy term which have not yet earned.
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Unearned Commissions means the portion of any Commissions which relates to a policy sold or brokered by any of the Target Entities or any of their respective Affiliates pursuant to a Carrier Agreement which is cancelled or adjusted to reduce coverage.
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Unearned Commissions means those amounts the Referral Partner is obligated to repay the Company under Section 3.4(c), titled “Unearned Commissions.”
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Examples of Unearned Commissions in a sentence

  • Commissions earned and accrued during a calendar month, less any applicable Unearned Commissions shall be paid by DW to Representative on the last day of the calendar month immediately following such calendar month.

  • Representative shall pay to DW on demand Unearned Commissions paid to Representative, or DW may deduct any such Unearned Commissions from any sums due Representative, including without limitation, Commissions payable.

  • Ifany premiums relating to the sale ofthe Company Product are returned or the Company becomes liable for non-payment of such premiums (the "Unearned Commissions"), the Representative shall pay to the Company an amount equal to the Unearned Commissions that was previously advanced or credited to the Representative.

  • In such case, the Company may either (i) bill the Referral Partner for such Unearned Commissions, which bill shall be paid by Referral Partner within thirty (30) days of the date of the applicable Company invoice, or (ii) set-off the amount of such Unearned Commissions against any other Referral Commissions otherwise payable to Referral Partner.

  • Unearned Commissions Producer shall be liable to Legacy Underwriters, Inc.

  • The Independent Contractor agrees that NAA® may rely upon information received from the applicable Carrier as conclusive in the determination of Unearned Commissions and Chargebacks due either party under this Agreement.

  • Unearned Commissions You shall be liable to Us and shall pay return commissions at the same rate as originally allowed to You for all return premium adjustments or cancellations, including return premium on cancellations ordered or made by the Insurer or Finance Company.

Related to Unearned Commissions

  • Unearned income means any income which is not earned income and includes supplemental security income (SSI) and other funds available to a child residing in a foster care placement.

  • 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.

  • Medicare eligible expenses means expenses of the kinds covered by Medicare Parts A and B, to the extent recognized as reasonable and medically necessary by Medicare.

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

  • Earned Income means the same as that term is defined in § 32(c) of the Internal Revenue Code. The

  • Covered Compensation means any Incentive-Based Compensation granted, vested or paid to a person who served as an Executive Officer at any time during the performance period for the Incentive-Based Compensation and that was Received (i) on or after October 2, 2023 (the effective date of the Nasdaq listing standards), (ii) after the person became an Executive Officer, and (iii) at a time that the Company had a class of securities listed on a national securities exchange or a national securities association such as Nasdaq.

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

  • Commissions means together, the BC, Alberta and Ontario Securities Commissions;

  • Medicare Levy Surcharge means an extra charge payable by high income earners beyond the standard Medicare Levy if they do not have qualifying private hospital insurance coverage. This charge is assessed as part of an individual or family’s annual tax return.

  • Planning Commission means the City’s Planning Commission.

  • 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.

  • University Grants Commission means the Commission established under section 4 of the University Grants Commission Act, 1956 (Central Act 3 of 1956);

  • Commissary means a food establishment used for preparing, fabricating, packaging and storage of food or food products for distribution and sale through the food establishment’s own outlets.

  • Applicable Wages means the basic straight time wages for all hours worked, including:

  • Wages is defined as the amount of money the employee would have otherwise received over a period of absence.

  • Premiums means premiums, considerations, deposits and similar receipts with respect to the Policies or Post-Closing Policies.

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

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

  • Medicare benefit means the Medicare benefit payable within the meaning of Part II of the Health Insurance Act 1973 with respect to a professional service.