Calculation and Payment of Commissions Sample Clauses

Calculation and Payment of Commissions. 2.1. The commission shall be calculated on the net amount of the invoices, e.g. on the effective sales price (any discount other than cash discounts being deducted) clear of any additional charges (such as packing, transportation, insurance) and clear of all duties or taxes (including value-added tax) of any kind, provided that such additional charges, duties and taxes are separately stated in the invoice.
Sample 1
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Calculation and Payment of Commissions. As full compensation to Broker for the services rendered hereunder, Company will pay mutually agreed upon commissions and or fees to Broker, according to attached APPENDIX A. Unless otherwise agreed, total Broker compensation will be paid on retail pricing as noted in APPENDIX A. Prices are subject to change based on overall program utilization and without prior notice. Referral compensation must be negotiated separately by Broker with their referral source and will come out of Broker’s total compensation. (Note: alternative payment structures are available). Broker compensation may be divided or allocated between the brokerage firm and broker working for that firm, without increasing total amount of compensation to the Broker from Company. Company will pay Broker the appropriate referral fee within thirty (30) days after collected payment is received from the Client. In the event Broker receives any monies from a Client with respect to the payment of premiums or fees under a Client Contract, Broker shall immediately pay such monies to Company or its’ designated TPA, without any offset or deduction for commissions owed by Company to Broker on that Client or other accounts. Company shall pay Broker the referral fees attributable to the number of members reported by the Broker’s Clients during the month at the rates agreed to and with respect to the subsequent reporting months. Such report shall be due by Broker/Client to NueHealth MGA or its’ TPA by the 1st of each month. Commissions will pay out weekly on settled business and on receipt of payment from the client. Such payments shall be made by electronic funds transfer and the broker is responsible to provide their banking details to set this up along with authorization. Residual earnings are vested on the first piece of business and is transferable on sale to someone else, on disability, on retirement from the insurance industry or upon death, at which time ongoing commissions will be paid to the stated beneficiaries or the estate of the broker.
Sample 1
Calculation and Payment of Commissions. Commissions shall be further subject to terms of Schedule 1 and Schedule 2, and calculated and determined as set forth herein and in Schedule 1 and Schedule 2. With respect to the calculation of Commissions, it is the intent that Max International will calculate the amount of Commissions owing to each Media Partner on the Commissions Calculation Date. Notwithstanding that intention, it is possible that some returns of Products may occur (and refunds issued) after the Commissions Calculation Date related to a particular sale of a given Product. In such a circumstance, if Max International permits the return of any such Product sold through a Media Partner’s Participant Link and a refund is issued by to the Customer returning any such Product, Max International reserves the right to reduce future period Commissions payable to the Media Partner which generated that sale by an amount equal to the Commissions that Media Partner received for that sale (a “Prior Period Return Adjustment”) until the aggregate of all such adjustments are recovered.
Sample 1

Related to Calculation and Payment of Commissions

  • Calculation and Payment of Fees All fees shall be calculated on the basis of the actual number of days elapsed in a 360-day year. All fees shall be payable in addition to, and not in lieu of, interest, compensation, expense reimbursements, indemnification and other Obligations. Fees shall be payable to the Administrative Agent at its office in New York, New York in immediately available funds. All fees shall be fully earned and nonrefundable when paid. All fees due to any Arranger or any other Lender, including, without limitation, those referred to in this Section 5.3, shall bear interest, if not paid when due, at the interest rate specified in Section 5.1(d) and shall constitute Obligations.

  • Calculation and Payment No later than the second Business Day following the receipt by Purchasers of the Monthly Servicing Oversight Report for a calendar month, Holdings will remit to Seller in immediately available funds the Seller Monthly Servicing Fee and Performance Fees payable by Holdings to Seller for the related calendar month, along with a report showing in reasonable detail the calculation of such Seller Monthly Servicing Fees and Performance Fees.

  • Payment of Commissions Payments of selling commissions and any other fees due to the Dealer pursuant to this Agreement will be made by the Dealer Manager to the Dealer. Selling commissions and such other fees and expense reimbursements due to the Dealer pursuant to this Agreement will be paid to the Dealer within 30 days after their receipt by the Dealer Manager. The Dealer, in its sole discretion, may authorize the Dealer Manager to deposit selling commissions and any other fees or payments due to it pursuant to this Agreement directly to its bank account. If the Dealer so elects, the Dealer shall provide such deposit authorization and instructions in Schedule 2 to this Agreement.

  • Determination and Payment Subject to the foregoing, promptly after receipt of a statement requesting payment with respect to the indemnification rights set forth in Section 1, to the extent required by applicable law, the Company shall take the steps necessary to authorize such payment in the manner set forth in Section 145 of the Delaware General Corporation Law. The Company shall pay any claims made under this Agreement, under any statute, or under any provision of the Company’s Certificate of Incorporation or Bylaws providing for indemnification or advancement of Expenses, within thirty (30) days after a written request for payment thereof has first been received by the Company, and if such claim is not paid in full within such thirty (30) day-period, Indemnitee may, but need not, at any time thereafter bring an action against the Company in the Delaware Court of Chancery to recover the unpaid amount of the claim and, subject to Section 12, Indemnitee shall also be entitled to be paid for all Expenses actually and reasonably incurred by Indemnitee in connection with bringing such action. It shall be a defense to any such action (other than an action brought to enforce a claim for advancement of Expenses under Section 2(a)) that Indemnitee has not met the standards of conduct which make it permissible under applicable law for the Company to indemnify Indemnitee for the amount claimed. In making a determination with respect to entitlement to indemnification hereunder, the person or persons or entity making such determination shall presume that Indemnitee is entitled to indemnification under this Agreement and the Company shall have the burden of proof to overcome that presumption with clear and convincing evidence to the contrary. The termination of any Proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption that Indemnitee did not act in good faith and in a manner which Indemnitee reasonably believed to be in or not opposed to the best interests of the Company, or, in the case of a criminal Proceeding, that Indemnitee had reasonable cause to believe that Indemnitee’s conduct was unlawful. In addition, it is the parties’ intention that if the Company contests Indemnitee’s right to indemnification, the question of Indemnitee’s right to indemnification shall be for the court to decide, and neither the failure of the Company (including its Board of Directors, any committee or subgroup of the Board of Directors, independent legal counsel, or its stockholders) to have made a determination that indemnification of Indemnitee is proper in the circumstances because Indemnitee has met the applicable standard of conduct required by applicable law, nor an actual determination by the Company (including its Board of Directors, any committee or subgroup of the Board of Directors, independent legal counsel, or its stockholders) that Indemnitee has not met such applicable standard of conduct, shall create a presumption that Indemnitee has or has not met the applicable standard of conduct. If any requested determination with respect to entitlement to indemnification hereunder has not been made within ninety (90) days after the final disposition of the Proceeding, the requisite determination that Indemnitee is entitled to indemnification shall be deemed to have been made.

  • Computation and Payment of Fee The advisory fee shall accrue on each calendar day, and shall be payable monthly on the first business day of the next succeeding calendar month. The daily fee accruals shall be computed by multiplying the fraction of one divided by the number of days in the calendar year by the annual advisory fee rate, and multiplying this product by the Managed Assets of the Fund, determined in the manner established by the Directors, as of the close of business on the last preceding business day on which the Fund's net asset value was determined.

  • Computation and Payment of Tax Due At least three Business Days prior to any Payment Date for any Tax Return, the Responsible Company shall compute the amount of Tax required to be paid to the applicable Tax Authority (taking into account the requirements of Section 4.04 relating to consistent accounting practices, as applicable) with respect to such Tax Return on such Payment Date. The Responsible Company shall pay such amount to such Tax Authority on or before such Payment Date (and provide notice and proof of payment to the other Company).

  • Computation and Payment Interest shall be computed on the basis of a 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in each promissory note or other instrument or document required hereby.

  • Collection and Payment The Trustees shall have full power and authority to collect all property due to the Trust; to pay all claims, including taxes, against the Trust or Trust Property; to prosecute, defend, compromise, settle or abandon any claims relating to the Trust or Trust Property; to foreclose any security interest securing any obligations, by virtue of which any property is owed to the Trust; and to enter into releases, agreements and other instruments.

  • Compensation and Payment 3.1 Contractor’s fees shall be calculated at the rates set forth in the attached Exhibit

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