Commission Cap Sample Clauses
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Commission Cap. UniPixel will pay Commissions until the aggregate Commissions paid equals the Commission Cap. The “Commission Cap” will equal eighteen-million, five-hundred thousand dollars ($18,500,00 USD), provided, however that for every full month earlier than the Last Production Ready Date that UniPixel is able to concurrently meet both the Specifications and the Final Intel Production Capacity Availability, the Commission Cap will be reduced by one-million dollars ($1,000,000 USD), up to a total maximum reduction of six-million dollars ($6,000,000 USD). For example, if UniPixel is able to meet both the Specifications and the Final Intel Production Capacity Availability six (6) months prior to the last Production Ready Date, the Commission Cap would be reduced to twelve-million, five hundred thousand dollars ($12,500,000 USD).
Commission Cap. Once Agent generates $25,000 in commission for Southland in a 12 month period beginning January 1 and ending December 31 of each year, then Agent will move to 100% split with a $250 transaction fee. All Agents return to 70/30 split January 1. Leads from Southland including but not limited Smithbilt Homes, Website Leads, intercompany referrals DO NOT apply towards the Commission Cap.
Commission Cap. Once Agent generates $25,000 in commission for Southland in a 12 month period beginning January 1 and ending December 31 of each year, then Agent will move to 100% split with a $250 transaction fee. All Agents return to 70/30 split January 1. Leads from Southland including but not limited Smithbilt Homes, Website Leads, intercompany referrals DO NOT apply towards the Commission Cap. In addition, any leads given to “capped-out” agent, will continue to be paid on 70/30 split. By accepting the lead, the Agent automatically agrees to the 70/30 split in the event of successful transaction with assigned lead. Agent reserves the right to deny lead(s) at any time.