Commission Compensation. As compensation to the Agent, in full, for the performance of services as authorized in the Contract, MFG will pay commissions as set forth in the attached Schedules of Commissions. The rate of commissions may be changed, altered or amended from time to time by MFG, and effective upon any business written by the Agent subsequent to the effective date of the change. The Agent will receive at least ten (10) days prior written notice of any change in the Schedule of Commissions. Commissions are calculated on the basis of the commission rate on the effective date of the policy and of original commissionable policy premium, unless the commissionable policy premium is decreased, at which time commission will be paid on the decreased premium. Commissions are not payable on administrative fees or policy application fees. In the event MFG’s commissions on any in-force premium are reduced, commissions to the Agent on the same in-force premium may be reduced in the same proportion. If commissions on any premiums must be refunded by MFG to the COs, the Agent shall repay to MFG corresponding commissions that may have been previously paid to the Agent. Commission advances are at the sole discretion of MFG, and may be changed at any time by MFG without prior notice. Each advance paid to the Agent will be charged (debited) to the Agent’s account, and MFG will credit the Agent’s account with all commissions earned by the Agent. The Agent who receives commission advances from MFG may not market directly or indirectly the same or similar product through other commission sources within the same insurance company.
Commission Compensation. As compensation for the services rendered by Independent Contractor under this Agreement, the Independent Contractor shall be entitled to commissions on sales as follows:
Commission Compensation. Unless the parties mutually agree to amend and extend the Term of this Agreement or enter into a new Consulting Services Agreement upon mutually agreeable terms, Client will pay Catalyst a Three and One Half percent (3.5%) commission fee based on the Net Revenues for any particular Transaction entered into with any Enterprise Target which has been accepted by Client during the term of this Agreement or within 3 months after Termination. The Commission shall apply to specific Opportunities identified by Catalyst plus “joint effort” Enterprise Targets agreed upon by Client and Catalyst, All commissions are due and payable thirty (30) days after Client receives a payment giving rise to the commission obligation from the Enterprise Target. The “Net Revenue” means the amount actually received by Company from a Transaction with an Enterprise Target, less returns credits, allowances, adjustments, freight, taxes, insurance, and the value of any swap or trade-in products.
Commission Compensation. This Agent Compensation Schedule sets out the terms of payment of Compensation under the GK Agreement. In the event of any discrepancy between the terms of this Schedule and the Agreement, the Agreement shall prevail. Compensation is subject to change when changes are made by GK to its Financial Services programs.
Commission Compensation. As compensation to the Agent, in full, for the performance of services as authorized in the Contract, PPI will pay commissions as set forth in the attached Schedules of Commission. Since the CO’s typically modify their commission agreements annually (or occasionally more often) the rate of commissions may be changed, altered or amended from time to time by COs, and effective upon any business written by the Agent subsequent to the effective date of the change or as the COs may require. Typical reasons for a commission adjustment would be: an increase of commission due to higher production, or a modification (increase or decrease) based on a change from the insurance company commission schedule to PPI. The Agent will receive at least five (5) business days’ prior written notice of any change in the Schedule of Commissions, if notice is so provided to PPI. Commissions are calculated on the basis of the commission rate on the effective date of the policy in the original commissionable policy premium (or per member per month rates), unless the commissionable policy premium/rate is decreased, at which time commission will be paid on the decreased premium/rate. Commissions are not payable on administrative fees or policy application fees. In the event that PPI’s commissions on any in-force premium are reduced, commissions to the Agent on the same in-force premium may be reduced in the same proportion. If commissions on any premiums must be refunded by PPI to the COs, the Agent shall repay to PPI corresponding commissions that may have been previously paid to the Agent or sub agents. Commission advances are the sole discretion of PPI, and may be changed at any time by PPI without prior notice. Each advance paid to the Agent will be charged (debited) to the Agent’s account, and PPI will credit the Agent’s account with all commissions earned by the Agent. The Agent and any/all affiliates may not market directly or indirectly the same or similar product through other commission sources within the same insurance company.
Commission Compensation. Xxxxx directs Broker to obtain and negotiate with owner of the property or the listing agency to make payment from commissions received by Listing Firm to a buyer's broker or paid by a seller, which compensation will be credited against the Fee due by buyer to broker of the final negotiated purchase price. Brokers commission shall be $ plus % of the purchase price to be paid by the client for the property. Buyer shall pay to Broker any difference at closing. This brokerage fee shall apply to all property acquisitions made during the original terms of this Agency contract, including any extensions or renewals, whether or not Broker was involved in the negotiations or procurement. This brokerage fee shall also apply to any contract written to enter into a real estate transaction made within 120 days after this agency contract expires (or is terminated) for those properties which the Broker has either (1) shown to the Buyer or
Commission Compensation. Commission representatives shall be compensated at a rate established in the annual LAFD Commission budget. Elected officials appointed to the Fire Commission are ineligible for compensation pursuant to state statute.
Commission Compensation. The Executive will be eligible to participate in the Company’s annual sales commission plan (the “Commission Plan”). The Executive’s annual target commission will be $________, based on bookings targets established by the Compensation Committee and/or CEO and other metrics as mutually agreed upon by the Executive and the CEO, within the broader terms of the Commission Plan. The Executive’s annual target commission for fiscal year 2014 shall be prorated based on the Effective Date of this Agreement. Further details of the Commission Plan will be provided separately as soon as practicable after the Effective Date, as well as for each year Executive participates in the Commission Plan. The Commission Plan may be revised at the discretion of the Company at any time.]
Commission Compensation. The Company agrees to pay commissions to Xxxxxxx for the 2015 Commission Year, calculated at 15% of the Commission Year's "Adjusted Gross Margin" on the Vertex Refining and Marketing book of business managed by Xxxx Xxxxxxx (the “Earned Bonus Commission”). All payment schedules and installments to be the same as prior years.
Commission Compensation. During the Employment Term, the Company shall pay Employee a sales commission (“Sales Commission”) based on the Net Proceeds (as defined below) actually received by the Company, up to a maximum of $1,000,000 of Sales Commissions per calendar year, from sublicensees of the patent rights to the Company’s thin film freezing platform during the term of this Agreement. The Sales Commission rate shall be one percent (1%) of Net Proceeds, except for any Net Proceeds with respect to which the Company is obligated to pay any third-party a commission, finder’s fee or the like, in which case the Sales Commission rate shall be one-half of one percent (.5%) of Net Proceeds. The term “Net Proceeds” means cash payments to the Company from sublicensees in the form of sublicensing fees, milestone payments and running royalty payments.
