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Michigan Policy Statement on Compensating Associates Originating Client Business

State:
Multi-State
Control #:
US-L0303B
Format:
Word; 
PDF; 
Rich Text
Instant download

Description

This document is a policy statement that defines the way an associate will be compensated for originating client business for the firm. It provides the percentage of fees paid to the associate, along with a "cap" amount in any given year. It also addresses carry-over amounts to the next calendar year and the issue of the associate leaving the firm.

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Michigan Policy Statement on Compensating Associates Originating Client Business