Trail Commissions definition

Trail Commissions has the meaning set forth in the Master Transaction Agreement.
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Trail Commissions. For policy years six and thereafter, a trail commission on an annualized basis is calculated monthly based on the policy's net account value at the end of the prior month. It is payable monthly provided the policy is in force, and not subject to grace period provisions. Policy Year Annualized Trail Commission Rate 6-10 0.25% 11-20 0.15% 21+ 0.10% Riders: Commissionable riders will have a separate target premium which is set at issue and is level thereafter. The Adjustable Term Insurance Rider has no target premium associated with it. Commission Calculation: Commissions shall be calculated only on premium received and accepted by Southland. Commissions are paid only on an earned basis. Outstanding loan amounts carried over are not considered commissionable premium. Premium Allocation: If the Stated Death Benefit has been increased since the policy date, premiums received are allocated to the coverage segments in the same proportion that the target premium for each segment bears to the total target premium of the policy. Death Benefit Increases: If a premium payment accompanies a request for a Stated Death Benefit increase or is received while a request is pending, the payment will be applied to the policy but commissions shall not be payable until the increase is effective. The commission shall then be payable based on the premium being allocated among all segments as it would normally and the new target premium after the increase. Compensation Payments: Compensation on initial premium shall be due to the Selling Broker-Dealer at the time of the issuance of the policy and for all other premium payments at the time of the receipt and acceptance by Southland, except that the amount, if any, and the time of payment of compensation on stated death benefit increases, replacements, reissues, changes, conversions, exchanges, term renewals, term conversions, premiums paid in advance, policies issued on a "guaranteed issue" basis, policies requiring facultative reinsurance arrangements, and other special cases and programs shall be governed by Southland's underwriting and administrative rules then in effect. The Compensation shall be payable to the Selling Broker-Dealer in accordance with the Schedule D in effect at the time of issue of the policy. Commission Chargeback: In the event that a policy for which a commission has been paid is lapsed or surrendered during the first twelve months, or is returned to Southland for refund of premium during the Free Look Period...
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Trail Commissions means any annual fees, trail commissions, brokerage and renewal premium received by the Licensee referable to the Financial Planning Services provided to a Client other than up-front, initial or one-off fees. Work Out Proposal means a proposal to pay a liability amounts by instalments set off by the Licensee against Business Revenue as an alternative to a single lump sum payment.
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Examples of Trail Commissions in a sentence

  • All Trail Commissions, including Renewal and Ultimate Commissions, calculated by Security Life to be due and payable to the Selling Broker-Dealers under the Selling Agreements.

  • If Forethought ceases to receive such fees, Forethought’s obligation to pay Trail Commissions shall terminate.

  • Trail Commissions will be paid only if the contract is in force on the date the commission is payable.

  • PAD shall process the payments of up to 30% of any Trail Commissions due and payable from the 12b-1 fees it collects in respect of the Contracts; provided, that PAD shall only fund such Trail Commissions to the extent that PAD has collected sufficient 12b-1 fees to make such payments with respect to the Trail Commissions.

  • FTB or FTBR will receive 100% of all Trail Commissions earned pursuant to the Trail Commission Agreements after December 31, 1997.

  • The Company shall be responsible for the remaining payments with respect to any and all Trail Commissions.

  • AND SUBSIDIARY AS OF SEPTEMBER 30, 1999 AND THE CONSOLIDATED STATEMENTS OF OPERATIONS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.

  • Trail Commission: Trail Commissions will be computed at an annual rate of 0.10% of the average variable account value for the previous policy year and paid annually beginning when the policy has been in effect for 25 months.

  • Payment of Trail Commissions will be made at the times set forth in the Compensation Supplement (Appendix B).

  • Trail Commissions will be paid only if the Sales Operations and General Agent Agreement is in force on the date the commission is payable.


More Definitions of Trail Commissions

Trail Commissions for policy years 5 through 20, a trail commission of 0.20% for Variable Survivorship Universal Life on an annualized basis is calculated at the end of each month based on the policy's net account value at the end of the prior month. The trail commission is payable annually at the end of a policy year provided the policy is in force, and not subject to grace period provisions, on that date.
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Trail Commissions has the meaning set forth in Section 5.14.
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Trail Commissions. Commissions are paid quarterly, based on contract value calculated at the end of each calendar quarter. Commissions are paid on each Contract that has been in force at least 12 months. Internal Exchange Commission Schedule - Perspective Advantage Fixed and Variable AnnuitySM Contracts (VA600) Owner Issue Ages Under 75 Surrender Charge Option A Option B Remaining On Percent of Initial Premium Percent of Initial Premium/ JNL Fixed Annuity Contract Annual Trail % on Contract that has been in force at least 12 months 4.25% - 4.50% 0.50%/0% Not Available 3.75% - 4.24% 1.00%/0% Not Available 3.25% - 3.74% 1.50%/0% 0.50%/0.25% 2.75% - 3.24% 2.00%/0% 1.00%/0.25% 2.25% - 2.74% 2.50%/0% 1.50%/0.25% 1.75% - 2.24% 3.00%/0% 2.00%/0.25% 1.25% - 1.74% 3.50%/0% 2.50%/0.25% 0.75% - 1.24% 4.00%/0% 3.00%/0.25% 0.25% - 0.74% 4.50%/0% 3.50%/0.25% Less than 0.25% 5.00%/0% 4.00%/0.25% Owner Issue Ages 76-80 Surrender Charge Option A Option B Remaining On Percent of Initial Premium Percent of Initial Premium/ JNL Fixed Annuity Contract Annual Trail % on Contract that has been in force at least 12 months 2.25% - 4.50% None Not Available 1.75% - 2.24% 0.50%/0% Not Available 1.25% - 1.74% 1.00%/0% 0.50%/0.25% 0.75% - 1.24% 1.50%/0% 1.00%/0.25% 0.25% - 0.74% 2.00%/0% 1.50%/0.25% Less than 0.25% 2.50%/0% 2.00%/0.25% Commission Schedule - Perspective Advisors Fixed and Variable AnnuitySM Contracts (VA400) COMMISSIONS 1.10% annual trail commission on each contract (Commissions are paid quarterly, beginning at the end of the quarter in which the policy is issued, based on contract value calculated at the end of each calendar quarter.) Annuitization Commission Schedule Perspective Fixed and Variable Annuity (VA200) Perspective Advisors Fixed and Variable Annuity (VA400) Jxxxxxx National Life Defined Strategies Variable Annuity (VA200) Perspective Advantage Fixed and Variable Annuity (VA600) Annuity Option Selected Percent of Contract Value at Annuity Date Annuity Option 1 - Life Income 2.0% Annuity Option 2 - Joint and Survivor Annuity 2.0% Annuity Option 3 - Life Annuity with 120 or 240 Monthly Payments Guaranteed 2.0% Annuity Option 4 - Income for a Specified Period (Periods of 10 years or more) 2.0%
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Trail Commissions means all trail commissions payable by JMC Product Providers, including, without limitation, asset and renewal fees and 12b-1 fees.
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Related to Trail 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.

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

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

  • 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.

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

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

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

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

  • Planning Commission means the City’s Planning Commission.

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

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

  • Public Service Commission means the Public Service Commission constituted under this Constitution;

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

  • Tax Commission means the Oklahoma Tax Commission;

  • Finance commission means the Finance Commission of Texas.

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

  • Canadian Securities Commissions means the securities commissions or similar securities regulatory authorities in each of the provinces and territories of Canada;

  • Federal Energy Regulatory Commission or "FERC" means the

  • statutory authority means Central or State Government, quasi-Government, administrative, judicial, public or statutory body, department, instrumentality, agency, authority, board entrusted with and carrying any statutory functions, as required from time to time in connection with performance by the Preferred Bidder of its obligations hereunder;

  • Interstate commission means the Interstate Commission for Juveniles created by Article III of this compact.

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

  • Cemetery authority means any person who owns or operates a cemetery specified in s. 157.065 (1).

  • Health and Human Services Commission or “HHSC” means the administrative agency established under Chapter 531, Texas Government Code, or its designee.

  • Virginia Stormwater Management Program authority or "VSMP authority" means an authority approved by the State Board after September 13, 2011, to operate a Virginia Stormwater Management Program.

  • Forward Hedge Selling Commission means, for any Forward Contract, the product of (x) the Forward Hedge Selling Commission Rate for such Forward Contract and (y) the Volume-Weighted Hedge Price.

  • Public utilities means those utilities defined in sections 4905.02, 4905.03, 4907.02, and 4907.03 of the Revised Code; in the case of a foreign corporation, it means those utilities defined as public utilities by the laws of its domicile; and in the case of any other foreign issuer, it means those utilities defined as public utilities by the laws of the situs of its principal place of business. The term always includes railroads whether or not they are so defined as public utilities.