Common use of AGENT COMMISSION Clause in Contracts

AGENT COMMISSION. All commission checks due are paid at the bi-monthly via Direct Deposit or Company Check to the AGENT’S specified financial institution. Commissions due are only calculated once “ORIGINAL BOL” has been received from the carrier and shipper or freight broker has been invoiced. AGENT will be furnished with a transcript of commissions earned from FREIGHT DISPATCHER comptroller each pay period. This transcript will include load “PRO #” and commissioned earned by agent. It is the agent responsibility to record commissions earned and to report all discrepancies to the accounting department for review. EXPENSES / WORK STATION AGENT REPRESENTATIONS AGENT is qualified to do business in all jurisdictions where such qualification is required to perform the services hereunder: AGENT and/or AGENT personnel have never been convicted of, pled no contest, or nolo contendere, to a crime of dishonesty; AGENT and/or AGENT personnel have never stolen or misappropriated any trade secret, proprietary information or other property of a third party. AGENT makes these representations with the knowledge that FREIGHT DISPATCHER and client will rely on the representations. AGENT and/or AGENT personnel agree to submit to a background check initiated by FREIGHT DISPATCHER and/or its representatives. AGENT makes these representations with the knowledge that FREIGHT DISPATCHER and client will rely on the representations. In addition to any other remedies FREIGHT DISPATCHER may have, it may terminate this agreement in the event of any misstatement or misrepresentation.