Commission Clawback Sample Clauses
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Commission Clawback. Any amount of Sales Commissions previously paid to Reset Professional for any sales that Company could not collect or for orders returned or refunded to the customer will be deducted from the next Sales Commission due to Reset Professional. The term “collections” is defined as when the Company has made every attempt to collect the debt but had no success.
Commission Clawback. Where a Supplier charges or deducts from CLS or Connective a Clawback of Commission paid for a Product settled by CFM, and Connective has paid that Commission to CFM or an Associate Member, then CFM agrees that:
12.1. the amount of Clawback shall be a liquidated debt owed to Connective by CFM; and
12.2. CFM must pay the Clawback either by:
(a) allowing Connective to deduct from any other Commission payments owed to CFM amounts totalling the amount of the Clawback; or
(b) repaying to Connective the amount of the Clawback within 14 days of receipt of a notice from Connective setting out the particulars of the amount of the Clawback.
Commission Clawback. Agent’s noncompliance with the terms of this section shall trigger an immediate claw back of Agent’s Commission. (“Claw Back”) In the event of a Claw Back, SYMPLIFI may a) demand immediate return of Agent’s Commission related to the underlying Merchant Agreement from which the breach occurred or b) deduct Agent’s Commission from any Commissions owed at the time of the breach or any future Commissions owed by ▇▇▇▇▇▇▇▇ to Agent.