Commission, including production statements, shall be mailed by the Company on the fifteenth of the month following production. Please note that if the Company received the application by the end of the month and processed it at the beginning of the following month, the commission shall be mailed on the fifteenth of the month after it was processed. For example, if the Company received the application on February 28th and it was processed on March 2nd, the commission should be mailed out on April 15th, instead of March 15th.