Renewal Year definition

Renewal Year means and refer to the 12-month period immediately following the Initial Maturity Date and each 12-month period thereafter.

Renewal Year. Commissions – Renewal Enrollments for CMS Contract Year 2014; Subsequent CMS Contract Years for New Enrollments and Renewal Enrollments for CMS Contract Year 2014 The Company shall pay Agent the following renewal commissions for each individual properly enrolled in a Company PDP Plan which Agent and its Representatives are approved and authorized to market and promote for the 2014 CMS Contract Year beginning with January 1, 2014 effective enrollments and who remains in a Company PDP Plan in subsequent CMS Contract Years. If Agent receives the “Initial Year” commission for the 2014 CMS Contract Year, Agent shall be entitled to renewal commissions, provided that the individual remains enrolled in a Company PDP Plan throughout each renewal year and provided that Agent, and for applications written by Representatives, provided that Agent and Representatives continue to be licensed, appointed and certified by the Company as having completed the training and testing required by the Company to market and promote Company PDP Plans for each renewal year. If Agent receives the “Renewal Year” commission for an enrollment effective on or after January 1, 2014 for the 2014 CMS Contract Year, Agent shall be entitled to earn renewal commissions, provided that the individual remains enrolled in a Company PDP Plan throughout each renewal year and provided that Agent, and for applications written by Representatives, provided that Agent and Representatives continue to be licensed, appointed and certified by the Company as having completed the training and testing required by the Company. The renewal commissions listed below at each level are net of commissions payable to all lower sales levels. To the extent any sales level is not involved in the sale of the PDP Plan, the commission payable to such sales level shall roll-up and be payable to the next higher sales level. Renewal Year Commissions Level Amount Payable Agent $28.00 Note: The above commissions will be paid for electronic enrollments only. In the event that Agent or its Representatives submit paper based enrollments, the Company reserves the right to charge Agent and its Representatives an administrative fee which will be deducted from the Agent-level commission specified above. The amount of any administrative fee will be determined by the Company and made available to Agent upon request.

Renewal Year means the last year of the viatical settlement license three-year term.

Examples of Renewal Year in a sentence

• Calc Next Renewal Year: The date of system expiration based on the life, NR stands for non renewable.

• Next Renewal Year: The suggested system expiration date by the assessor based on visual inspection.

• Thereafter, the Agreement shall automatically renew for successive one-year periods (each, a “Renewal Year”), unless either party notifies the other party in writing, not less than 30 days prior to the expiration of the Initial Year or the Renewal Year, as applicable, of such party’s decision not to renew the Agreement.

• Unless this Agreement is not renewed, as provided in Section 4 (above), subsequently, the Program Member will be billed for the Member Amenities Fee for each Renewal Year prior to the beginning of each Renewal Year, and the Program Member agrees to pay the invoiced Member Amenities Fee within 30 days after the date of the invoice.

• Optional Renewal (Year 6 – 7) - All licensing and maintenance agreement pricing should include rates during the Agreement period, and anticipated future rates.

More Definitions of Renewal Year

Renewal Year means the calendar year following any year in which a registrant holds an active certificate.

Renewal Year means the third year following the issuance or last renewal of an insurance produc- er license.

Renewal Year means the following:

Renewal Year means the third year following the issuance or last renewal of an insurance producer license.

Renewal Year shall have the meaning set forth in SECTION 2.2 of the Agreement.

Renewal Year means the twelve-month period immediately following the end of the fourth Contract Year, and each twelve month period thereafter, commencing on the day following the end of the fourth Contract Year and each one year anniversary thereof, until this Agreement is terminated, as hereinafter provided.

Renewal Year. Commissions –