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

  • 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.

  • 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.

  • In the event the Executive's employment hereunder is terminated for whatever reason, the Executive shall on the effective date of such termination immediately repay to the Company any amounts previously drawn that have not then been earned under the Company commission plan (the "Unearned Commissions").

  • Unearned Commissions shall be returned to Agile Premium Finance within 10-days of receipt of returned credits from Insurer.

  • 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.

  • The Executive agrees that the Company may deduct from any amounts that the Company would otherwise owe to the Executive pursuant to the terms of this Agreement the full amount of the Unearned Commissions, with the Executive remaining liable for any amounts thereof not so offset.

  • 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.

  • 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.

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.

  • Earned Compensation means any Annual Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends pursuant to Section 3(a) (but excluding any salary and interest accrued thereon payment of which has been deferred).

  • 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.

  • Part-Time Employees means employees employed on a permanent basis, but obligated to work less than a full (i.e., forty-hour) work week.