COMPENSATION ELECTION Sample Clauses

COMPENSATION ELECTION. With respect each Mortgage Loan that is locked by the Originator during the Selection Period specified in Section 3 below (each, an “Eligible Mortgage Loan”), the Originator elects the option designated below (only elect one option) for purposes of calculating the amount of Lender-Paid Compensation that may be payable by NexBank pursuant to the Agreement, in each case subject to the adjustments, conditions, and limitations set forth in the Agreement notwithstanding any contrary provision in this Addendum: OPTION 1: SAME COMPENSATION FOR ALL STATES. The total amount of Lender- Paid Compensation that may be payable by NexBank with respect to each Eligible Mortgage Loan for which the Originator has earned and become entitled to receive Lender- Paid Compensation pursuant to the Agreement shall be the product of the Principal Balance of such Eligible Mortgage Loan as of the related Origination Date, multiplied by the percentage designated below (select one percentage only): 0.500% 1.000% 1.500% 2.000% 2.500% 0.625% 1.125% 1.625% 2.125% 2.625% 0.750% 1.250% 1.750% 2.250% 2.750% 0.875% 1.375% 1.875% 2.375% In addition, the Originator requests that its Lender-Paid Compensation also include a fee of $ .00 (or any other amount determined by NexBank in its sole and absolute discretion).
Sample 1
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COMPENSATION ELECTION. The undersigned Broker/Dealer may elect below the compensation schedule under which commission payments will be based. Broker/Dealer may elect to be paid under Option A and/or Option B. If both Option A and Option B are elected, compensation will be payable under the Option elected by the Subagent/Registered Representative. If the Registered Representative does not elect an Option for compensation under an individual Contract, compensation will be paid under the default Option elected by Broker/Dealer. If no Option is indicated below, this Selling Agreement will be treated as if both Options were elected. If no default Option is elected, Option B will be the default Option. OPTION A OPTION B -------- -------- Commission percent of premium (See paragraph 2): 6.50% 5.50% Trail Commission (See paragraph 3): --- 0.25%, thereafter Commission reduction age (See paragraph 4): 75 75 Option Elected: [ ] [ ] Default Option: [ ] [ ]
Sample 1
COMPENSATION ELECTION. The undersigned Broker/Dealer may elect below the compensation schedule under which commission payments will be based. Broker/Dealer may elect to be paid under Option A and/or Option B. If both Option A and Option B are elected, compensation will be payable under the Option elected by the Subagent/Registered Representative. If the Registered Representative does not elect an Option for compensation under an individual Contract, compensation will be paid under the default Option elected by Broker/Dealer. If no Option is indicated below, this Selling Agreement will be treated as if both Options were elected. If no default Option is elected, Option B will be the default Option.
Sample 1
COMPENSATION ELECTION. Loan originator must elect his or her compensation each quarter. The originator may elect a combination of a fixed percentage, fixed dollar addition or deduction, a floor and a ceiling. The elected compensation applies to all transactions originated (date application executed) during the applicable quarter, regardless of when they close. Innovative may impose a default elected compensation in the amount of 1% in the absence of a validly registered compensation election. The originator must collect enough revenue per transaction to equal their elected compensation or forfeit their compensation altogether. Compensation exceptions are permissible where they are a legitimate benefit to the borrower, unrelated to compensation and are approved in writing in advance by Innovative management. Innovative will deduct the applicable transaction fee from the elected compensation applicable to each funded transaction.
Sample 1

Related to COMPENSATION ELECTION

  • Deferral Election A Participant may elect to defer all or a specified percentage of the Compensation earned in a Plan Year by such Participant for serving as a member of the Board of any Participating Fund or as a member of any committee or subcommittee thereof. Reimbursement of expenses of attending meetings of the Board, committees of the Board or subcommittees of such committees may not be deferred. Such election shall be made by executing before the first day of such Plan Year such election notice as the Administrator may prescribe; provided, however, that upon first becoming eligible to participate in the Plan by reason of appointment to a Board, a Participant may file a Deferral Election not later than 30 days after the effective date of such appointment, which election shall apply to Compensation earned in the portion of the Plan Year commencing the day after such election is filed and ending on the last day of such Plan Year.

  • Deferral Elections As provided in Sections 5(f), 6(h) and 14(d), the Executive may elect to defer the Pre-Change in Control Severance Payment, the Post-Change in Control Severance Payment and the Consulting Payment as follows. The Executive’s deferral election shall satisfy the requirements of Treasury Regulation Section 1.409A-2(b) and the terms and conditions of the Deferred Compensation Plan. Such deferral election shall designate the whole percentage (up to a maximum of 100%) of the Pre-Change in Control Severance Payment, the Post-Change in Control Severance Payment and the Consulting Payment to be deferred, shall be irrevocable when made, and shall not take effect until at least twelve (12) months after the date on which the election is made. Such deferral election shall provide that the amount deferred shall be deferred for a period of not less than five (5) years from the date the payment of the amount deferred would otherwise have been made, in accordance with Treasury Regulation Section 1.409A-2(b)(1)(ii).

  • Initial Election The Director shall make an initial deferral election under this Agreement by filing with the Company a signed Election Form within 30 days after the Effective Date of this Agreement. The Election Form shall set forth the amount of Fees to be deferred and shall be effective to defer only Fees earned after the date the Election Form is received by the Company.

  • Bonus Compensation The Executive shall not receive any bonus payment whatsoever pursuant to Section 3.02 or the Bonus Plan except such bonus which is already earned and due to be paid up to and including the Termination Date, notwithstanding any period following the Termination Date during which the Executive may receive any payments or benefits under the terms of the Agreement.

  • Election Form The Consideration shall be payable in accordance with the election made by Contributor in the Consideration Election Form (“Election Form”) accompanying the PPM, the results of which election are set forth on Exhibit A hereto. If, pursuant to the Election Form, Contributor (A) elected all or part of Contributor’s consideration payable hereunder to be in the form of units of limited partnership interests of the Operating Partnership (“OP Units”) and (B) submitted to the Operating Partnership (x) an executed Investor Questionnaire representing and warranting to the Operating Partnership that Contributor is an “accredited investor” as defined in the Investor Questionnaire and (y) any other documentation required by the Operating Partnership, including, but not limited to, a signature page to the Partnership Agreement (as hereinafter defined), Contributor shall receive OP Units in an amount determined in the manner described on Exhibit A hereto. The portion of the Consideration, if any, payable in cash is set forth on Exhibit A. Contributor agrees that the cash payment shall be made and the OP Units shall be registered in the name of the persons or entities set forth on the Election Form. OP Units will only be delivered to Contributor if Contributor has represented to the Operating Partnership that Contributor is an “accredited investor”. No fractional OP Units will be issued and OP Units will be rounded to the nearest whole number. The Consideration payable to Contributor, whether in cash, in OP Units or a combination thereof, may be reduced by the amount the Operating Partnership reasonably determines must be withheld for tax purposes. The rights and obligations of holders of OP Units as of the Closing will be as set forth in the First Amended and Restated Agreement of Limited Partnership of the Operating Partnership (the “Partnership Agreement”), a draft copy of which is included as an exhibit to the PPM.

  • DEFERRAL CONTRIBUTIONS The Advisory Committee will allocate to each Participant's Deferral Contributions Account the amount of Deferral Contributions the Employer makes to the Trust on behalf of the Participant. The Advisory Committee will make this allocation as of the last day of each Plan Year unless, in Adoption Agreement Section 3.04, the Employer elects more frequent allocation dates for salary reduction contributions.

  • Director Compensation Petitioner shall not compensate members of the Charter School’s Governing Board in excess of reasonable expenses incurred in connection with actual attendance at board meetings or with performance of duties associated therewith.

  • Director's Fees Directors' fees and other similar payments derived by a resident of a Contracting State in his capacity as a member of the board of directors of a company which is a resident of the other Contracting State may be taxed in that other State.

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