Common use of Additional Commissions Clause in Contracts

Additional Commissions. Following termination, subject to all the provisions of this Agreement and to Representative’s compliance with Section 12(c) below, LiveWorld shall pay commissions to Representative on all purchases of LiveWorld Services meeting all of the following requirements: (i) the purchase of LiveWorld Services was primarily attributable to Representative’s efforts during the period prior to termination of this Agreement such as the Representative having arranged the signing of the contract or made a substantive introduction and recommendation that specifically led to the signing of a contract (as PORTIONS DENOTED WITH [***] HAVE BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT. opposed to a casual referral); (ii) the Revenue is recognized by LiveWorld on its accounting books within the [***] day period after the effective termination date of this Agreement; and (iii) LiveWorld actually collects the cash payment for such Revenue within the specified time period set forth in the contract for such purchases of LiveWorld Services; provided however that LiveWorld shall have the right to equitably divide such commissions with succeeding representatives to the extent such succeeding representatives render services with respect to such transactions. If LiveWorld is owed any amounts by Representative, LiveWorld shall have the right, in its absolute discretion, to offset any commission payable by LiveWorld to Representative by such obligation owed to LiveWorld by Representative.