Commission Modification Clause Samples
The Commission Modification clause defines the process and conditions under which the commission structure or rates in an agreement may be changed. Typically, this clause outlines who has the authority to propose or approve modifications, the notice period required before changes take effect, and any limitations or procedures for implementing new commission terms. Its core practical function is to provide a clear and agreed-upon method for adjusting compensation, thereby reducing disputes and ensuring both parties understand how and when commission terms can be altered.
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Commission Modification. The Sales Commission may be modified by Company for any reason and at any time, upon thirty (30) days written notice to Reset Professional. No such modification shall apply to any order already placed by a customer.
Commission Modification. The Sales Commission and the Revenue Share Commission may be subject to modification, upon thirty (30) days written notice to Representative. No such modification shall apply to any proposal for which a customer has signed a PPA.