Agreement Of Profit Sharing

This Master of Incentive Agreement (this „Agreement”) between Grange Mutual Casualty Company, including its 100% subsidiaries of the Property and Casualty Insurance Company (the „Company”), and the primary agency („Agent or Agency”), which is set forth in your Summary as of Agency Date and in the Agency Agreement with the Entity, is effective on January 1, 2016 and will remain in effect until revised, replaced or terminated by the Company, and supersedes all prior profit-sharing and/or contingency commission agreements between the parties covering the same lines of insurance as this Agreement. That agreement shall be complementary to the Agency Agreement and shall not be part of this Agreement. THE WHOLE AGREEMENT. This Agreement constitutes the full understanding of the Parties and supersedes all prior oral or written agreements concerning the subject matter annexed thereto. Typeset would allow your references to be uploaded in the final grade style of the incentive agreement template in accordance with the agreement guidelines. PandaTip: This section aims to settle the consequences of the termination of this profit-fixing relationship. This gives the agent the right to continue to receive arrears (if circumstances so require), while giving the agent the responsibility to ask all other questions of the company to ensure a smooth transition. For example, if you have three partners, you can`t take half the profits each. Divided evenly, you will each take 33.3 percent. Maybe you`ve invested the most and plan to run the business; You can share the winnings, you get 50 percent and each partner takes 25 percent.