AGENT COMPENSATION definition

AGENT COMPENSATION. A Tenant procurement fee of fifty per cent (50%) of the first month's rent shall be charged for the acquisition of each new Tenant. This fee is not charged when re-leasing to an existing Tenant. The management fee is five per cent (5%) of the monthly rent after the first month. No fee is charged when the premises are vacant. The minimum monthly management fee is fifty dollars ($50.00) per property when the Premises are occupied.
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AGENT COMPENSATION. LMG is responsible for weekly processing and payment via check or EFT of first-year and trailing commissions to Wholesalers and Producers. Commission payments result from premium being applied to appropriate IIC Contracts. LMG is responsible for generating the weekly commission statements, maintenance of year-to-date commission information, and processing of the actual commission payment. Agent compensation amounts are determined by the Producer's LMG contract level, product type, age of annuitant and owner, and premium amount. Premium Accounting LMG is responsible for receiving premium checks and depositing into IIC's Premium Fiduciary Account, as hereinafter provided in section 3 of this Appendix. The receipt of premium is recorded in the administrative system, and a general ledger entry is created to record the deposit. However, LMG is not responsible for investing and managing these assets. Tax Reporting to Agents LMG will be responsible for reporting on a yearly basis to Producers and Wholesalers information on all commissions earned, as well as other compensation such as incentive trips. Such reporting to Wholesalers and Producers will consist of generating and mailing 1099 forms. LMG will also be responsible for the transmission of such records to the applicable federal and state taxing authorities. LMG policies and procedures comply with all state and federal regulations. Tax Reporting to Policyholders LMG is responsible for reporting on a yearly basis to policyholders information regarding certain financial transactions on such IIC contracts. Reporting to policyholders consists of generating and mailing 1099 forms, Year End Account Balances, and 5498 forms. LMG will also be responsible for the transmission of such records to the applicable federal and state taxing authorities. LMG policies and procedures comply with all state and federal taxing authority regulations. Such tax reporting only encompasses disbursements that are made by LMG on behalf of IIC. IIC shall be responsible for any tax reporting for disbursements made by IIC directly. Tax Reporting to Vendors LMG will be responsible for reporting on a yearly basis to its vendors information on all compensation paid. Such reporting to vendors will consist of generating and mailing 1099 forms. LMG will also be responsible for the transmission of such records to the applicable federal and state taxing authorities. LMG's policies and procedures comply with all state and federal regulations. Tax R...
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AGENT COMPENSATION. Company shall pay all Residuals due to Agent on or about the 30th day following the last day of the month during which the Residuals are received by Company. Company shall make a good faith effort to pay all Fees due to Agent on or about the week following the week during which the Fees are received by Company and in no event later than the 30th day following the last day of the month during which the Fees are received by Company. In the event that Agent disputes any Residual or Fee payment received hereunder, Agent agrees to notify Company within ninety (90) days of the date of the disputed Residual or Fee due date, or Agent waives the right to contest the Residual or Fee payment in question.
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Examples of AGENT COMPENSATION in a sentence

  • The service area is specifically set forth in the Agent Compensation Schedule attached hereto and incorporated herein as Exhibit A.

  • In addition, the Contractor assumes the risk for any miscalculation of the Contractor distribution costs which may include but are not limited to Agent and General Agent Compensation.

  • During the term of this Agreement and any renewal thereof, GK agrees to compensate Independent Sales Agent in accordance with the Independent Sales Agent Compensation Schedule, set out in Schedule A hereto (the "Compensation") a One-Time Lump Sum Compensation or Renewal Compensation for a client that is referred directly to GK and is approved for and ultimately receives funding for the specified Funding Program.

  • Signature: Date: EXHIBIT A – INDEPENDENT SALES AGENT COMPENSATION SCHEDULE This Independent Sales Agent Compensation Schedule sets out the terms of payment of Compensation under the Agreement (the "Agreement").

  • IRON acknowledges that it may only be compensated for services to the Plan under the terms of this Facilitation Agreement, and that IRON and/or its associated persons will not also be compensated for such non-advisory services under Nationwide’s General Agent Compensation Agreement, Companion Agreement, or other similar selling agreement.

  • Agent Compensation – Funds remitted to Agents and General Agents to compensate them for facilitating enrollment of Employers and Employees into Covered California for Small Business Health Plans.

  • The following exhibits and attachments are incorporated by reference into this Agreement: Exhibit A Agent Compensation Schedule Exhibit B Medicare Regulatory Addendum Exhibit C HIPAA Business Associate Addendum Exhibit D Branded Products Addendum Executed this day of , 20 .

  • In consideration for the services rendered by the Agent hereunder, UFS agrees to pay Agent in accordance with the Agent Compensation Schedule, set out in Schedule A hereto (the “Compensation”).

  • This Agent Compensation Schedule sets out the terms of payment of Compensation under the GK Agreement.

  • UFS – Signature x Agent (ISO)- Signature x Print Name: Print Name: Title: Title: Schedule A Agent Compensation This Agent Compensation Schedule sets out the terms of payment of Compensation under the Agreement (the “Agreement”).


More Definitions of AGENT COMPENSATION

AGENT COMPENSATION. For each Trio closing, one of Trio’s designated holding companies is the buyer, and Trio Residential, LLC is the representing and referring broker of record for every Trio transaction. Upon Trio’s review of the property and acceptance of the contract, Trio proceeds with financing by having the contract assigned to its named buying entity. Brokers receive negotiated commissions on each closing less a 25% transaction fee paid to Trio Residential. Further, Agents and/or approved Brokerages having been trained in the Trio program and that pass the required test with training will receive the designation of Trio Preferred Agent (“TPA”); this designation will benefit customers with a credit to their required Trio program fees of up to $400. TPAs must remain active by closing a contract with Trio at least once every 6 months. All forms and program information for Agents can be found at xxx.xxxxxxxxxxxxxxx.xxx. The table below provides more detail for Agent compensation scenarios. Procuring Cause: Brokers and their Agents participating with Trio acknowledge and agree that Trio and its designated holding entities are the buyers on every transaction and Trio Residential is the referring broker and Procuring Cause. Brokers and their agents understand that individual customers are not purchasing homes directly, rather Trio is the buyer through its designated holding entities. Broker and Agent Requirements for Doing Business with Trio: 1 - Approach Clients with Enthusiasm and Treat Them with Respect 2 - Assist Clients with Home Search and Directly Show Clients Homes
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AGENT COMPENSATION. At closing, Issuer shall pay Agent a cash commission equal to 10.00% of the total proceeds received by Issuer in the transaction and a 3.00% unaccountable expense allowance. Additionally, at closing, Issuer shall grant to Agent 50,000 common stock purchase warrants with an exercise price of $1.50 per share. EQUITY SECURITIES INVESTMENTS, INC. By:______________________ Its:_______________________ CASH SYSTEMS, INC. By:______________________ Its:_______________________ CASH SYSTEMS, INC.-EQUITY SECURITIES INVESTMENTS, INC. TERM SHEET This term sheet summarizes the principal terms of an anticipated financing by Equity Securities Investments, Inc. (the "Agent") on behalf of Cash Systems, Inc. (the "Company"). This term sheet is intended solely as a basis for further discussion and is not intended to be and does not constitute a legally binding obligation. No other legally binding obligations will be created, implied, or inferred until documents in final form related to the offering are executed and delivered by all parties. Without limiting the generality of the foregoing, it is the parties intent that, until that event, no agreement shall exist among them and there shall be no obligations whatsoever based on such things as parol evidence, extended negotiations, "handshakes," oral understandings, or courses of conduct (including reliance and changes of position). The Company and the Agent are discussing a placement on the following terms: Company/Issuer: Cash Systems, Inc. Security: 1,500,000 B 3,500,000 shares. Subject to the Milestone Adjustments set forth below, each share shall be priced at $2.00 per share unit and each unit shall consist of one share of common stock and one warrant to purchase one additional share of common stock at a mutually to-be-agreed upon price.
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AGENT COMPENSATION. At closing, Issuer shall pay Agent a cash commission equal to 10.00% of the total proceeds received by Issuer in the transaction and a 3.00% unaccountable expense allowance. Additionally, at closing, Issuer shall grant to Agent 150,000 common stock purchase warrants with an exercise price of $2.40 (subject to the above Milestone Adjustment) per share. EQUITY SECURITIES INVESTMENTS, INC. By:______________________ Its:_______________________ CASH SYSTEMS, INC. By:______________________ Its:_______________________
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Related to AGENT COMPENSATION

  • Current Compensation means all regular wage, salary and commission payments paid by the Company to a Participant in accordance with the terms of his or her employment, but excluding annual bonus payments and all other forms of special compensation.

  • Contingent Compensation Payment means any payment (or benefit) in the nature of compensation that is made or made available (under this Agreement or otherwise) to a “disqualified individual” (as defined in Section 280G(c) of the Code) and that is contingent (within the meaning of Section 280G(b)(2)(A)(i) of the Code) on a Change in Ownership or Control of the Company.

  • 414(s) Compensation means any definition of compensation that satisfies the nondiscrimination requirements of Code Section 414(s) and the Regulations thereunder. The period for determining 414(s) Compensation must be either the Plan Year or the calendar year ending with or within the Plan Year. An Employer may further limit the period taken into account to that part of the Plan Year or calendar year in which an Employee was a Participant in the component of the Plan being tested. The period used to determine 414(s) Compensation must be applied uniformly to all Participants for the Plan Year.

  • Unemployment compensation means cash benefits (including depend- ents’ allowances) payable to individ- uals with respect to their unemploy- ment, and includes regular, additional, emergency, and extended compensa- tion.(2) Regular compensation means unem- ployment compensation payable to an individual under any State law, but not including additional compensation or extended compensation.(3) Additional compensation means un- employment compensation totally fi- nanced by a State and payable under a State law by reason of conditions of high unemployment or by reason of other special factors.(4) Emergency compensation means supplementary unemployment com- pensation payable under a temporary Federal law after exhaustion of regular and extended compensation.(5) Extended compensation means un- employment compensation payable to an individual for weeks of unemploy- ment in an extended benefit period, under those provisions of a State law which satisfy the requirements of the Federal-State Extended Unemploy- ment Compensation Act of 1970, as amended, 26 U.S.C. 3304 note, and part 615 of this chapter, with respect to the payment of extended compensation.

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –

  • Additional Compensation has the meaning set out in Section 13.3(1).

  • Termination Compensation means a monthly cash amount equal to one-twelfth ( 1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • Final compensation of a member means:

  • Special compensation means payment to an adult foster care facility to ensure the provision of a specialized program in addition to the basic payment for adult foster care. Special compensation does not include payment received directly from the Medicaid program for personal care services for a resident, or payment received under the supplemental security income program.

  • Compensation Limit means the compensation limit of Section 401(a)(17) of the Code, as adjusted under Section 401(a)(17)(B) of the Code for increases in the cost of living.

  • Section 415 Compensation means:

  • 415 Compensation means:

  • Basic Compensation means Salary and Benefits.

  • Compensation means all base straight time gross earnings and commissions, but exclusive of payments for overtime, shift premium, incentive compensation, incentive payments, bonuses and other compensation.

  • Eligible Compensation means, with respect to each Participant for each pay period, the full salary and wages paid to such Participant by the Company or a Participating Subsidiary, including commissions, bonuses (to the extent not excluded below), overtime pay and shift differentials. Except as otherwise determined by the Committee, “Eligible Compensation” does not include

  • Cash Compensation means any discount, concession, fee, service fee, commission, sales charge, loan, override, or cash benefit received by a producer in connection with the recommendation or sale of an annuity from an insurer, intermediary, or directly from the consumer.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Creditable compensation means the full compensation payable annually to an employee working

  • Includible Compensation means an Employee’s actual wages in box 1 of Form W-2 for a year for services to the Employer, but subject to a maximum of $245,000 (or such higher maximum as may apply under section 401(a)(17) of the Code) and increased (up to the dollar maximum) by any compensation reduction election under section 125, 132(f), 401(k), 403(b), or 457(b) of the Code (including any Elective Deferral under the Plan). Beginning in 2009 and thereafter, such term also includes any “differential pay” that may be received from the Employer while performing qualified military service under section 414(u) of the Code. The amount of Includible Compensation is determined without regard to any community property laws.

  • Earnable compensation means the full rate of the

  • Annual Compensation means an amount equal to the greater of:

  • Equity Compensation means any stock option, stock appreciation, stock purchase, restricted stock, restricted stock unit, long term incentive cash bonus award or any other kind of equity-based plan, program, arrangement or grant regardless of whether the form of distribution is in stock or cash.

  • Annual Cash Compensation means the sum of (a) the highest annual Base Salary in effect for the Executive and (b) the greater of (i) the Executive’s bonus for the most recently-completed year (excluding any special bonuses awarded for performance after the conclusion of the performance period), if any, or (ii) the annualized amount of the Executive’s target bonus for the then current year.

  • Severance Compensation means the compensation set forth in (i), (ii), and (iv) above.

  • Additional Servicing Compensation means any servicing compensation (other than Servicing Fees, Special Servicing Fees, Workout Fees or Liquidation Fees) that any Servicer is entitled to retain under the Servicing Agreement.

  • Compensation Year means a period of 12 months expiring 31 March in any year;