Net Commissions definition

Net Commissions means gross commissions that are actually received by the Company and derived directly from the Employee's total purchase and sale of securities from transactions on accounts that are covered by the Employee for the firm, less any and all expenses related to the fees incurred in connection with the purchase or sale transactions effectuated by Employee, and any associated trading system or other costs including,
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Net Commissions means all commissions and investment advisory fees generated by Infinex with respect to securities and insurance transactions and investment advisory services which occur at or are attributable to the Infinex Centers operated at Subscriber’s locations, including but no limited to 12b-1 and related fees received by Infinex, less all transaction costs payable by Infinex. Potential subscriber expenses that may be deducted from revenue sharing payments include, but are not limited to the following: Expenses Recruitment (i.e., advertising, newsletters) Market Information (i.e., S&P Research and Bond guides) Technology Resources, Net Exchange Pro, PIRS Insurance (E&O coverage) Education – Employee study and training materials, continuing education materials Execution Services/Processing fees – Insurance chargebacks, trading errors, ticket charges Product/Marketing Technology Development fee $200* Historical Research (previous years’ tax history, sales history, etc.) Trade Execution Charges
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Net Commissions means all commissions and fees received by the Company net of any chargebacks, discounts or reductions imposed by the travel vendor and compensation offsets as set forth in Paragraph 14. Commission rate selection may be changed by Independent Contractor upon fifteen (15) day notice to Company and payment of relevant fees as set forth in Exhibit C. Changes in commission selection will apply to bookings made from the time the selection is made going forward, except in cases where the Independent Contractor has changed the selection to a lower commission rate, in which case the change in commission will be apply to future commission payments regardless of when the booking was made. [Example 1: Independent Contractor notifies Company to change commission selection from 80% to 100% on March 1 and begins paying relevant fees per Exhibit C on March 15. Commission on bookings invoiced in ClientBase subsequent to March 15 will be paid at the 100% commission rate. Commissions on bookings invoiced prior to March 15 but not yet paid will be paid at the 80% commission rate. Example 2: Independent Contractor notifies Company to change commission selection from 100% to 80% on March 1 and fees are reduced per Exhibit C on March 15. Commissions on all bookings paid after March 15 will be paid at the 80% commission rate.] Exhibit B Commission Payment Terms Company shall pay Independent Contractor Commissions upon the follow terms: Commissions will be credited (“Credit Date”) to Independent Contract on the later of (i) receipt of the Net Commissions by the Company (“Receipt Date”), and (ii) completion of the travel by the client (“Travel Date”). Receipt Date for commissions and Independent Contractor’s client fees will be determined by Company for the following travel arrangements upon occurrence of the events noted below:
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Examples of Net Commissions in a sentence

  • Components of Results of Operations Revenue Net Commissions and Fees Net commissions and fees are derived primarily by commissions from our three Specialties and are paid for our role as an intermediary in facilitating the placement of coverage in the insurance distribution chain.

  • Perhaps because of this decision (although the record is silent on the matter), USI ultimately decided against purchasing the Virginia office when the APA closed $216,730.09 in commissions in his final year at WFIS, the Net Commissions and Fees amount would have been $655,170—the amount of revenue McGillivray earned for WFIS.

  • This item represents Net Commissions to Distribution Partners and it is the result of Commissions to Intermediaries and commissions that intermediaries have to repay because of the cancelation of insurance contracts (Claw back).

  • As per this Circular, Combined ratio = (Net Claims Incurred/Net Earned premium) + (Net Commissions + Expenses)/Net Written Premium.

  • The A.L.J., the original fact-finder, found that “[t]he uncritical acceptance of L.S.’s statements by one and all as being true without attempting to verify very much about what she said detracted from the weight that could be accorded to such evidence.” While we may agree with this statement, this review is from the “final agency action.” See Iowa Code § 17A.19(1).

  • The Working Group began its work in December 2014, and over the course of twelve months, collected and evaluated data and information relating to effective approaches to criminal sentencing.

  • For the referral of accounts to the Agency, the Independent Contractor shall be entitled to the following share of commissions received by the Travel Agency: *10 percent (10%) of the Net Commissions shall be paid for the referral of a client whereby the Agency services the entire referral.

  • The INSTITUTION will pay the Representative, percent ( %) of Net Commissions (as defined below).

  • Net Commissions Earned: 2021SR'0002020SR'0002019SR'0002018SR'0002017SR'000Reinsurance Commission Earned49,18755,516 The net commission earned decreased by 252% over last year due to a decrease in Life, Motor, Marine, and Engineering reinsurance commission earned by SR 10.906 million against an increase in Property, Accident & liability and Extended warranty reinsurance commission earned by SR 4.577 million.

  • Each year the Independent contractor must maintain at least percent (50%) of the total Net Commissions of the preceding 6 months or the Commission level will drop to the next lower scale until the required Income level is met again.


More Definitions of Net Commissions

Net Commissions for purposes of this agreement is defined to include commissions and fees net of all clearing and brokerage charges set forth in "10c" below and any direct cost mutually agreed upon by the Bank and RHI. b.) Employees of the Bank will receive discounts on all personal securities trades in their accounts. c.) The following schedule sets for the total commission and brokerage charges for securities transactions executed through RHI. This schedule is subject to change upon written notice by RHI to the Bank or pursuant mutual agreement by the parties hereto. Order Variable Charges ----- ---------------- Listed: $25.00 + $0.20/share (Market orders 1-4, 999 shares) Stocks + $0.30/share (Limit orders 1-4, 999 shares) or + $0.25/share (Market or Limit 5,000 shares and over) Bonds $50.00 OTC Principal: Stocks $35.00 + $0.25/share (Market or Limit orders on shares under $5,000) + $0.150/share (5,000 and over) GNMA $50.00 Muni $50.00 Corporate $50.00 Treasury $50.00 Syndicate $50.00 Mutual Funds: Load $50.00 No-Load $50.00 Exchange Fee $50.00
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Net Commissions means 1.25% for mutual funds, variable annuities and packaged products and 3.75% for stocks and bonds); less (iii)soft dollars and other similar revenues, net of ticket charge payments, clearing costs and meeting expenses, received by the Subs and allocable to G&C Planners. In addition, in the event that a representative who was an employee of any of the Subs prior to January 1, 1999 or is recruited by any of the Subs subsequent to January 1, 1999 becomes a representative or planner of G&C or an affiliate of G&C other than the Subs, the 1999 Adjusted Pre-tax Profits shall be further adjusted such that the Subs are credited with receiving the same net commissions that would have been received by the Subs for business generated in 1999 by such representative if such representative had remained a representative of the Subs. For purposes of calculating the 1999 Adjusted Pre-tax Profits, commissions paid to G&C Planners shall be deemed to be 95% for mutual funds, variable annuities and packaged products and 85% for stocks and bonds. The purpose of the adjustments to 1999 Adjusted Pre-tax Profits set forth in clauses (ii) of this Section 3.2(a) is to remove from the 1999 Adjusted Pre-tax Profits a reasonable estimate of the profit received by the Subs for business generated by G&C Planners, but to reimburse the Subs for a reasonable estimate of the cost of supervising such G&C Planners. Within 30 days of the end of each calender quarter, Purchaser shall calculate the 1999 Adjusted Pre-tax Profits for such quarter and provide Sellers with a copy of such calculation; provided, however, that such quarterly calculations and the final calculation of the 1999 Adjusted Pre-tax Profits shall be subject to reasonable year-end adjustments.
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Related to Net Commissions

  • 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.

  • 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.

  • Tax Commission means the Oklahoma Tax Commission;

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

  • Ceding Commission shall have the meaning specified in Section 5.2.

  • Planning Commission means the City’s Planning Commission.

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

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

  • Central Commission means the Central Electricity Regulatory Commission referred to in sub-section (1) of section 76 of the Act;

  • City Commission means the legislative body of the City of Miami.

  • Securities Commissions means collectively, the applicable securities commission or securities regulatory authority in each of the Qualifying Jurisdictions;

  • European Commission means the European Commission or any successor entity that is responsible for granting Marketing Approvals authorizing the sale of pharmaceuticals in the European Union.

  • Commissions means the Alberta Securities Commission and the British Columbia Securities Commission;

  • Diocesan Schools Commission means the education service provided by the diocese, which may also be known, or referred to, as the Diocesan Education Service.

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

  • Nuclear Regulatory Commission (NRC) means the U.S. Nuclear Regulatory Commission or its duly authorized representatives.

  • Redevelopment Commission means the Fishers Redevelopment Commission.

  • Commission means the Securities and Exchange Commission.

  • FTC means the United States Federal Trade Commission.

  • Commitment Commission shall have the meaning provided in Section 3.01(a).

  • Antitrust Division has the meaning set forth in the Section 6.4(a).

  • Antitrust Authorities means the Federal Trade Commission, the Antitrust Division of the United States Department of Justice, the attorneys general of the several states of the United States of America, and any other Governmental Authority having jurisdiction pursuant to applicable Antitrust Laws with respect to the transactions contemplated hereby.

  • Federal Energy Regulatory Commission or "FERC" means the

  • Finance commission means the Finance Commission of Texas.

  • Election Commission means the Election Commission appointed by the President under article 324;

  • County commission means the board of county commissioners of the county.