Exhibit 10.26
1996-A AMENDMENT TO 1996 MONEYGRAM_ MASTER AGREEMENT
THIS 1996-A AMENDMENT (herein "1996-A Amendment") is entered into as of the
21st day of March 1996, by and between AMERICAN EXPRESS TRAVEL RELATED SERVICES
COMPANY, INC., a New York corporation (herein "Amex") and ACE CASH EXPRESS,
INC., a Texas corporation (herein "Agent").
RECITALS
A. Amex and Agent are parties to that certain 1996 MoneyGram_ Master
Agreement dated as of February 1, 1996, to which that certain MoneyGram_ Agency
and Trust Agreement (as modified therein) is attached as Exhibit A and that
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certain Amendment to Master Agreement dated July 15, 1995, is attached as
Exhibit B, such agreement and exhibits (as now or hereafter amended) herein
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collectively the "1996 MoneyGram Agreement." Unless otherwise defined in this
1996-A Amendment, any capitalized term used herein shall have the meaning
ascribed to it in the 1996 MoneyGram Agreement.
B. Agent intends to acquire the additional locations at which the parties
desire Money Transfer Services to be conducted and which are set forth on
Schedule 1996A-1 attached hereto and made a part hereof (herein the "Additional
Locations").
C. With respect to the 1996 MoneyGram Agreement and the Additional
Locations, the parties desire to provide for (i) a minimum five-year term, (ii)
a minimum annual commission, (iii) a signing bonus payable to Agent and (iv)
free assignability.
IN CONSIDERATION of the foregoing and the mutual agreements set forth
herein, the parties agree as follows:
II. Signing Bonus. The Additional Locations shall become additional Money
Transfer Services locations subject to the 1996 MoneyGram Agreement upon their
acquisition and operation by Agent. The date of conversion of all Additional
Locations to Money Transfer Services by Agent shall occur no later than March 1,
1996. At such time as the Additional Locations become subject to the 1996
MoneyGram Agreement and are converted to Money Transfer Services, Amex will pay
to Agent a signing bonus equal to the amount(s) set forth for the Additional
Locations on Schedule 1996A-1 attached hereto and made a part hereof (herein the
"Signing Bonus") within thirty (30) days following the date on which all such
Additional Locations shall be able to conduct Money Transfer Services pursuant
the 1996 MoneyGram Agreement. If Agent closes more than 20% of the Additional
Locations and does not open at least an equal number of equivalent locations
within the same general market area, Amex, at its discretion, may request a
refund
of a portion of the Signing Bonus ("Refund"). The amount of the Refund that may
be requested will be equal to the sum of the Additional Location factors set
forth on Schedule 1992A-2 attached hereto and made a part hereof for each closed
Additional Location corresponding to the number of months remaining in the 5-
year Period multiplied by the total Signing Bonus. The Refund, as computed
above, shall be refunded to Amex by Agent within thirty (30) days after
notification by Amex.
III. Minimum Annual Commissions. Notwithstanding any provision of the 1996
MoneyGram Agreement to the contrary, Amex agrees to pay Agent a minimum annual
aggregate commission with respect to Money Transfer Services conducted for each
of the Additional Locations (but only such Additional Locations) as provided in
Schedule 1996A-1 (herein the "Minimum Annual Commission"). Such Minimum Annual
Commissions shall be calculated and paid, if applicable, on a calendar quarter
basis for each full 12-month period (herein "12-month Period") during the 5-year
Period (prorated as necessary), in a sum equal to the amount, if any, by which
the sum set forth as the Minimum Annual Commission on Schedule 1996A-1 for such
location exceeds Agent's actual commissions earned during such twelve-month
period with respect to such location. Such payment will be made within thirty
(30) days after the end of the preceding calendar quarter, provided, however,
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that the aggregate payments for each 12-month Period shall be subject to an
annual review and reconciliation and adjustment based on such review and
reconciliation. Any amount payable to a party based upon such annual adjustment
shall be paid within thirty (30) days following the date a statement of the
results of the annual reconciliation and adjustment is submitted to Agent, which
in no event will be later than sixty(60) days following the end of the relevant
12-month Period. The records of Amex shall be controlling, but Agent shall have
ten (10) days following receipt of such statement in which to challenge it, and
if no challenge to such statement is lodged by Agent within such ten-day period,
such statement shall be binding and controlling on the parties and no challenge
may be made thereafter by Agent. The Minimum Annual Commission shall be payable
and paid only if the Additional Location shall conduct Money Transfer Services
for the entire 5-year Period. If Agent closes more than 20% of the Additional
Locations and does not open at least an equal number of equivalent locations
within the same general market area, future payment of the Minimum Annual
Commissions for months after the date such determination is made may be
decreased by Amex, at its discretion, after notification to Agent. The amount
of such decrease will be equal to the sum of the Additional Location factors set
forth on Schedule 1996A-2 for each closed Additional Location corresponding to
the number of months remaining in the 5-year Period multiplied by the total
Minimum Annual Commission.
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IV. Term Extension. The base term of the 1996 MoneyGram Agreement currently
expires on December 31, 1998 (except as provided in Exhibit B thereto).
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Notwithstanding the aforesaid general expiration date for the base term of the
1996 MoneyGram Agreement, the term of such agreement with respect to the
Additional Locations (and only such locations) shall be deemed and considered
extended to the date that coincides with the last day of the 5-Year Period even
if such date shall occur after December 31, 1998 or the date to which the base
or renewal term of the 1996 MoneyGram Agreement may be generally extended
hereafter.
V. Assignment. Notwithstanding any provision to the contrary in Section 12,
"Assignment", of the 1996 MoneyGram Agreement, Agent hereby consents to the
assignment by Amex of this 1996-A Amendment and 1996 MoneyGram Agreement, but
only insofar as it relates and pertains to and governs the Money Transfer
Services at the Additional Locations (and only such locations), directly to a
third party and/or to Integrated Payment Systems, Inc., a Delaware corporation,
and/or its assignee(s). Agent agrees such assignee(s) may provide Money Transfer
Services in a different name. Effective with the date of such assignment, Agent
releases Amex from any and all claims and obligations under the 1996 MoneyGram
Agreement (as so amended at the date of such assignment) insofar as it relates
to the Additional Locations. Upon such assignment, the term "Amex" shall be
deemed to mean and refer to such assignee(s) thereafter, except for purposes of
the release contained in the immediately preceding sentence. Amex may designate
any other person or entity as its agent to perform or assist Amex in performance
of the services to be provided by Amex with respect to the Additional Locations
pursuant to the 1996 MoneyGram Agreement.
VI. Controlling Agreement. Except as amended by or pursuant to this 1996-A
Amendment, all other provisions of the 1996 MoneyGram Agreement shall continue
in full force and effect, and the parties hereby reaffirm and confirm said 1996
MoneyGram Agreement (as amended hereby) as continuing and binding on each party,
provided however, that in the event of any conflict or inconsistency between the
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terms of this 1996-A Amendment and the 1996 MoneyGram Agreement, the provisions
of this 1996-A Amendment shall control.
IN WITNESS WHEREOF, the parties have caused this 1996-A Amendment to be
executed and delivered by their authorized officials as of the date first set
forth above.
ACE CASH EXPRESS, INC.
By: \ss\ Thomas E. Larson
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Name: Thomas E. Larson
Title: Chief Financial Officer
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AMERICAN EXPRESS TRAVEL RELATED
SERVICES COMPANY, INC.
By: Integrated Payment Systems Inc. (Agent)
By: \ss\ Frank J. Ganji
Name:Frank J. Ganji
Title: Office of the President
MoneyGram
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1996-A AMENDMENT TO 1996 MONEYGRAM_ MASTER AGREEMENT
BETWEEN
AMERICAN EXPRESS TRAVEL RELATED SERVICES, COMPANY INC. ("Amex")
AND
ACE CASH EXPRESS, INC. ("Agent")
SCHEDULE 1996A-1
List of Additional Locations
and
Signing Bonus and Minimum Annual Commission (Per Location)
1996-A AMENDMENT TO 1996 MONEYGRAM MAST AGREEMENT
BETWEEN
AMERICAN EXPRESS TRAVEL RELATED SERVICES, COMPANY, INC. ("Amex")
AND
ACE CASH EXPRESS, INC. ("Agent")
SCHEDULE 1996A-1
List of additional Locations
and
Signing Bonus and Minimum Annual Commission (Per Location)
Minimum
Center No. Address City State ZIP Signing Bonus Annual Commission
- ---------- ------- ---- ----- --- ------------- -----------------
482 5806 BELLFORT HOUSTON TX 77021 26,027 26,027
483 4502-A GRIGGS HOUSTON TX 77021 42,057 42,057
484 12603 MARKET STREET HOUSTON TX 77015 9,057 9,057
485 3001 BROADWAY GALVESTON TX 77550 973 973
486 6872 HARRISBURB HOUSTON TX 77011 29,057 29,057
487 108 EAST SOUTHMORE PASADENA TX 77502 10,299 10,299
488 3634-B BAYTOWN TX 77521 18,975 18,975
489 4400 N. FREEWAY, #151 HOUSTON TX 77022 17,114 17,114
490 5815 LOCKWOOD HOUSTON TX 77026 25,805 25,805
491 9420 CULLEN HOUSTON TX 77051 19,138 19,138
492 9150 SOUTH MAIN HOUSTON TX 77025 20,106 20,106
493 8201 WEST BROADWAY HOUSTON TX 77025 9,253 9,253
1335 934-B NORTH COLLINS ARLINGTON TX 76001 8,488 8,488
1336 4749 EAST LANCASTER FORT WORTH TX 76103 30,798 30,798
1337 102 NWEST MAIN STREET GRAND PRAIRIE TX 75050 5,903 5,903
1338 1124 EAST SEMINARY FORT WORTH TX 76115 2,711 2,711
1339 3306 W. CAMP WISDOM DALLAS TX 75237 4,940 4,940
1340 948 MELBOURNE ROAD HURST TX 76053 23 23
CLOSED LOCATION 14,294 14294
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TOTAL 295,018 295,018
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1996-A AMENDMENT TO 1996 MONEYGRAM_ MASTER AGREEMENT
BETWEEN
AMERICAN EXPRESS TRAVEL RELATED SERVICES, COMPANY INC. ("Amex")
AND
ACE CASH EXPRESS, INC. ("Agent")
SCHEDULE 1996A-2
Signing Bonus Refund Factor (Months Remaining) and
Minimum Annual Commission Adjustment Factors
Minimum annual commission adjustment factor
280,724 Signing Bonus refund factor (months remaining)
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26,027 42,057 9,057 973 29,057 10,299 18,975 17,114 25,805 19,138 20,106 9,253 8,488 30,798
------ ------ ----- ---- ------ ------ ------ ------ ------ ------ ------ ----- ----- ------
9.27% 14.98% 3.23% 0.35% 10.35% 3.67% 6.76% 6.10% 9.19% 6.82% 7.16% 3.30% 3.02% 10.97%
1 0.15% 0.25% 0.05% 0.01% 0.17% 0.06% 0.11% 0.10% 0.15% 0.11% 0.12% 0.05% 0.05% 0.18%
2 0.31% 0.50% 0.11% 0.01% 0.35% 0.12% 0.23% 0.20% 0.31% 0.23% 0.24% 0.11% 0.10% 0.37%
3 0.46% 0.75% 0.16% 0.02% 0.52% 0.18% 0.34% 0.30% 0.46% 0.34% 0.36% 0.16% 0.15% 0.55%
4 0.62% 1.00% 0.22% 0.02% 0.69% 0.24% 0.45% 0.41% 0.61% 0.45% 0.48% 0.22% 0.20% 0.73%
5 0.77% 1.25% 0.27% 0.03% 0.86% 0.31% 0.56% 0.51% 0.77% 0.57% 0.60% 0.27% 0.25% 0.91%
6 0.93% 1.50% 0.32% 0.03% 1.04% 0.37% 0.68% 0.61% 0.92% 0.68% 0.72% 0.33% 0.30% 1.10%
7 1.08% 1.75% 0.38% 0.04% 1.21% 0.43% 0.79% 0.71% 1.07% 0.80% 0.84% 0.38% 0.35% 1.28%
8 1.24% 2.00% 0.43% 0.05% 1.38% 0.49% 0.90% 0.81% 1.23% 0.91% 0.95% 0.44% 0.40% 1.46%
9 1.39% 2.25% 0.48% 0.05% 1.55% 0.55% 1.01% 0.91% 1.38% 1.02% 1.07% 0.49% 0.45% 1.65%
10 1.55% 2.50% 0.54% 0.06% 1.73% 0.61% 1.13% 1.02% 1.53% 1.14% 1.19% 0.55% 0.50% 1.83%
11 1.70% 2.75% 0.59% 0.06% 1.90% 0.67% 1.24% 1.12% 1.69% 1.25% 1.31% 0.60% 0.55% 2.01%
12 1.85% 3.00% 0.65% 0.07% 2.07% 0.73% 1.35% 1.22% 1.84% 1.36% 1.43% 0.66% 0.60% 2.19%
13 2.01% 3.25% 0.70% 0.08% 2.24% 0.79% 1.46% 1.32% 1.99% 1.48% 1.55% 0.71% 0.66% 2.38%
14 2.16% 3.50% 0.75% 0.08% 2.42% 0.86% 1.58% 1.42% 2.14% 1.59% 1.67% 0.77% 0.71% 2.56%
15 2.32% 3.75% 0.81% 0.09% 2.59% 0.92% 1.69% 1.52% 2.30% 1.70% 1.79% 0.82% 0.76% 2.74%
16 2.47% 4.00% 0.86% 0.09% 2.76% 0.98% 1.80% 1.63% 2.45% 1.82% 1.91% 0.88% 0.81% 2.93%
17 2.63% 4.24% 0.91% 0.10% 2.93% 1.04% 1.92% 1.73% 2.60% 1.93% 2.03% 0.93% 0.86% 3.11%
18 2.78% 4.49% 0.97% 0.10% 3.11% 1.10% 2.03% 1.83% 2.76% 2.05% 2.15% 0.99% 0.91% 3.29%
19 2.94% 4.74% 1.02% 0.11% 3.28% 1.16% 2.14% 1.93% 2.91% 2.16% 2.27% 1.04% 0.96% 3.47%
20 3.09% 4.99% 1.08% 0.12% 3.45% 1.22% 2.25% 2.03% 3.06% 2.27% 2.39% 1.10% 1.01% 3.66%
21 3.24% 5.24% 1.13% 0.12% 3.62% 1.28% 2.37% 2.13% 3.22% 2.39% 2.51% 1.15% 1.06% 3.84%
Minimum annual commission adjustment factor
280,724 Signing Bonus refund factor (months remaining)
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5,903 2,711 4,940
----- ----- ----- ----
2.10% 0.97% 1.76% 0.01%
1 0.04% 0.02% 0.03% 0.00%
2 0.07% 0.03% 0.06% 0.00%
3 0.11% 0.05% 0.09% 0.00%
4 0.14% 0.06% 0.12% 0.00%
5 0.18% 0.08% 0.15% 0.00%
6 0.21% 0.10% 0.18% 0.00%
7 0.25% 0.11% 0.21% 0.00%
8 0.28% 0.13% 0.23% 0.00%
9 0.32% 0.14% 0.26% 0.00%
10 0.35% 0.16% 0.29% 0.00%
11 0.39% 0.18% 0.32% 0.00%
12 0.42% 0.19% 0.35% 0.00%
13 0.46% 0.21% 0.38% 0.00%
14 0.49% 0.23% 0.41% 0.00%
15 0.53% 0.24% 0.44% 0.00%
16 0.56% 0.26% 0.47% 0.00%
17 0.60% 0.27% 0.50% 0.00%
18 0.63% 0.29% 0.53% 0.00%
19 0.67% 0.31% 0.56% 0.00%
20 0.70% 0.32% 0.59% 0.00%
21 0.74% 0.34% 0.62% 0.00%
Minimum annual commission adjustment factor
280,724 Signing Bonus refund factor (months remaining)
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26,027 42,057 9,057 973 29,057 10,299 18,975 17,114 25,805 19,138 20,106 9,253 8,488 30,798
------ ------ ----- ---- ------ ------ ------ ------ ------ ------ ------ ----- ----- ------
22 3.40% 5.49% 1.18% 0.13% 3.80% 1.35% 2.48% 2.24% 3.37% 2.50% 2.63% 1.21% 1.11% 4.02%
23 3.55% 5.74% 1.24% 0.13% 3.97% 1.41% 2.59% 2.34% 3.52% 2.61% 2.75% 1.26% 1.16% 4.21%
24 3.71% 5.99% 1.29% 0.14% 4.14% 1.47% 2.70% 2.44% 3.68% 2.73% 2.86% 1.32% 1.21% 4.39%
25 3.86% 6.24% 1.34% 0.14% 4.31% 1.53% 2.82% 2.54% 3.83% 2.84% 2.98% 1.37% 1.26% 4.57%
26 4.02% 6.49% 1.40% 0.15% 4.49% 1.59% 2.93% 2.64% 3.98% 2.95% 3.10% 1.43% 1.31% 4.75%
27 4.17% 6.74% 1.45% 0.16% 4.66% 1.65% 3.04% 2.74% 4.14% 3.07% 3.22% 1.48% 1.36% 4.94%
28 4.33% 6.99% 1.51% 0.16% 4.83% 1.71% 3.15% 2.84% 4.29% 3.18% 3.34% 1.54% 1.41% 5.12%
29 4.48% 7.24% 1.56% 0.17% 5.00% 1.77% 3.27% 2.95% 4.44% 3.30% 3.46% 1.59% 1.46% 5.30%
30 4.64% 7.49% 1.61% 0.17% 5.18% 1.83% 3.38% 3.05% 4.60% 3.41% 3.58% 1.65% 1.51% 5.49%
31 4.79% 7.74% 1.67% 0.18% 5.35% 1.90% 3.49% 3.15% 4.75% 3.52% 3.70% 1.70% 1.56% 5.67%
32 4.94% 7.99% 1.72% 0.18% 5.52% 1.96% 3.60% 3.25% 4.90% 3.64% 3.82% 1.76% 1.61% 5.85%
33 5.10% 8.24% 1.77% 0.19% 5.69% 2.02% 3.72% 3.35% 5.06% 3.75% 3.94% 1.81% 1.66% 6.03%
34 5.25% 8.49% 1.83% 0.20% 5.87% 2.08% 3.83% 3.45% 5.21% 3.86% 4.06% 1.87% 1.71% 6.22%
35 5.41% 8.74% 1.88% 0.20% 6.04% 2.14% 3.94% 3.56% 5.36% 3.98% 4.18% 1.92% 1.76% 6.40%
36 5.56% 8.99% 1.94% 0.21% 6.21% 2.20% 4.06% 3.66% 5.52% 4.09% 4.30% 1.98% 1.81% 6.58%
37 5.72% 9.24% 1.99% 0.21% 6.38% 2.26% 4.17% 3.76% 5.67% 4.20% 4.42% 2.03% 1.86% 6.77%
38 5.87% 9.49% 2.04% 0.22% 6.56% 2.32% 4.28% 3.86% 5.82% 4.32% 4.54% 2.09% 1.91% 6.95%
39 6.03% 9.74% 2.10% 0.23% 6.73% 2.38% 4.39% 3.96% 5.97% 4.43% 4.66% 2.14% 1.97% 7.13%
40 6.18% 9.99% 2.15% 0.23% 6.90% 2.45% 4.51% 4.06% 6.13% 4.54% 4.77% 2.20% 2.02% 7.31%
41 6.34% 10.24% 2.20% 0.24% 7.07% 2.51% 4.62% 4.17% 6.28% 4.66% 4.89% 2.25% 2.07% 7.50%
42 6.49% 10.49% 2.26% 0.24% 7.25% 2.57% 4.73% 4.27% 6.43% 4.77% 5.01% 2.31% 2.12% 7.68%
43 6.64% 10.74% 2.31% 0.25% 7.42% 2.63% 4.84% 4.37% 6.59% 4.89% 5.13% 2.36% 2.17% 7.86%
44 6.80% 10.99% 2.37% 0.25% 7.59% 2.69% 4.96% 4.47% 6.74% 5.00% 5.25% 2.42% 2.22% 8.05%
45 6.95% 11.24% 2.42% 0.26% 7.76% 2.75% 5.07% 4.57% 6.89% 5.11% 5.37% 2.47% 2.27% 8.23%
46 7.11% 11.49% 2.47% 0.27% 7.94% 2.81% 5.18% 4.67% 7.05% 5.23% 5.49% 2.53% 2.32% 8.41%
47 7.26% 11.74% 2.53% 0.27% 8.11% 2.87% 5.29% 4.78% 7.20% 5.34% 5.61% 2.58% 2.37% 8.59%
48 7.42% 11.99% 2.58% 0.28% 8.28% 2.93% 5.41% 4.88% 7.35% 5.45% 5.73% 2.64% 2.42% 8.78%
49 7.57% 12.23% 2.63% 0.28% 8.45% 3.00% 5.52% 4.98% 7.51% 5.57% 5.85% 2.69% 2.47% 8.96%
50 7.73% 12.48% 2.69% 0.29% 8.63% 3.06% 5.63% 5.08% 7.66% 5.68% 5.97% 2.75% 2.52% 9.14%
51 7.88% 12.73% 2.74% 0.29% 8.80% 3.12% 5.75% 5.18% 7.81% 5.79% 6.09% 2.80% 2.57% 9.33%
52 8.04% 12.98% 2.80% 0.30% 8.97% 3.18% 5.86% 5.28% 7.97% 5.91% 6.21% 2.86% 2.62% 9.51%
53 8.19% 13.23% 2.85% 0.31% 9.14% 3.24% 5.97% 5.39% 8.12% 6.02% 6.33% 2.91% 2.67% 9.69%
54 8.34% 13.48% 2.90% 0.31% 9.32% 3.30% 6.08% 5.49% 8.27% 6.14% 6.45% 2.97% 2.72% 9.87%
55 8.50% 13.73% 2.96% 0.32% 9.49% 3.36% 6.20% 5.59% 8.43% 6.25% 6.57% 3.02% 2.77% 10.06%
56 8.65% 13.98% 3.01% 0.32% 9.66% 3.42% 6.31% 5.69% 8.58% 6.36% 6.68% 3.08% 2.82% 10.24%
Minimum annual commission adjustment factor
280,724 Signing Bonus refund factor (months remaining)
------- ----------------------------------------------
5,903 2,711 4,940
----- ----- ----- ----
22 0.77% 0.35% 0.65% 0.00%
23 0.81% 0.37% 0.67% 0.00%
24 0.84% 0.39% 0.70% 0.00%
25 0.88% 0.40% 0.73% 0.00%
26 0.91% 0.42% 0.76% 0.00%
27 0.95% 0.43% 0.79% 0.00%
28 0.98% 0.45% 0.82% 0.00%
29 1.02% 0.47% 0.85% 0.00%
30 1.05% 0.48% 0.88% 0.00%
31 1.09% 0.50% 0.91% 0.00%
32 1.12% 0.52% 0.94% 0.00%
33 1.16% 0.53% 0.97% 0.00%
34 1.19% 0.55% 1.00% 0.00%
35 1.23% 0.56% 1.03% 0.00%
36 1.26% 0.58% 1.06% 0.00%
37 1.30% 0.60% 1.09% 0.01%
38 1.33% 0.61% 1.11% 0.01%
39 1.37% 0.63% 1.14% 0.01%
40 1.40% 0.64% 1.17% 0.01%
41 1.44% 0.66% 1.20% 0.01%
42 1.47% 0.68% 1.23% 0.01%
43 1.51% 0.69% 1.26% 0.01%
44 1.54% 0.71% 1.29% 0.01%
45 1.58% 0.72% 1.32% 0.01%
46 1.61% 0.74% 1.35% 0.01%
47 1.65% 0.76% 1.38% 0.01%
48 1.68% 0.77% 1.41% 0.01%
49 1.72% 0.79% 1.44% 0.01%
50 1.75% 0.80% 1.47% 0.01%
51 1.79% 0.82% 1.50% 0.01%
52 1.82% 0.84% 1.53% 0.01%
53 1.86% 0.85% 1.55% 0.01%
54 1.89% 0.87% 1.58% 0.01%
55 1.93% 0.89% 1.61% 0.01%
56 1.96% 0.90% 1.64% 0.01%
-2-
Minimum annual commission adjustment factor
280,724 Signing Bonus refund factor (months remaining)
------- ----------------------------------------------
26,027 42,057 9,057 973 29,057 10,299 18,975 17,114 25,805 19,138 20,106 9,253 8,488 30,798
------ ------ ----- ---- ------ ------ ------ ------ ------ ------ ------ ----- ----- ------
57 8.81% 14.23% 3.06% 0.33% 9.83% 3.49% 6.42% 5.79% 8.73% 6.48% 6.80% 3.13% 2.87% 10.42%
58 8.96% 14.48% 3.12% 0.34% 10.01% 3.55% 6.53% 5.89% 8.89% 6.59% 6.92% 3.19% 2.92% 10.61%
59 9.12% 14.73% 3.17% 0.34% 10.18% 3.61% 6.65% 5.99% 9.04% 6.70% 7.04% 3.24% 2.97% 10.79%
Minimum annual commission adjustment factor
280,724 Signing Bonus refund factor (months remaining)
------- ----------------------------------------------
5,903 2,711 4,940
----- ----- ----- ----
57 2.00% 0.92% 1.67% 0.01%
58 2.03% 0.93% 1.70% 0.01%
59 2.07% 0.95% 1.73% 0.01%