Commission Term Sample Clauses

Commission Term. The Company's obligations to pay any Commissions shall immediately terminate if the Company terminates this Agreement for Cause pursuant to Section 5 below but Employee shall be under no obligation to repay any Commissions paid prior to the date of such termination.

Commission Term. The Commission Term shall commence upon the Effective Date, and shall automatically and immediately terminate when the term of consulting Services ends pursuant to Article III.2. hereof, unless terminated earlier pursuant to the terms of this Agreement. Regardless of the reason therefore, termination of the Commission Term shall not affect LANCER's rights to the Products or Technology (as set forth in Article I of this Agreement) regardless of the reason(s) for such termination, as the transfer of such rights to the Products and Technology is permanent and irrevocable.

Commission Term. (_______________________) An accepted principle of artist management agreements is that the manager should continue to receive commission after the term has expired for achievements during the term. In many countries this is known as ‘post term commission’. In the US it is known as the ‘sunset clause’. Many managers believe strongly that commission should be payable in perpetuity on income resulting from work carried out during the term. If an album is successful it is generally so because of the combined efforts of the artist, the manager and the phonogram producer. Many recording contracts are for the life of the related rights protection which for sound recordings is currently 50 years from first release in most countries although in some countries it is longer. In the US it is 95 years, Mexico 100 years, and Japan 70 years. Therefore the artist and the phonogram producer will receive income in perpetuity (or for the life of the related rights protection) so why shouldn’t the manager? The Manager is usually a key component in the success of an album, and that expertise and hard work deserve to be rewarded if quality managers are to be attracted to the industry. Similarly, the life of copyright for authors currently often lasts for 70 years after the death of the last person who participated in the work, which in practice could be 150 years if the song was written when the author was 15 and he/she died at the age of 95. Post-term commission in perpetuity is something that is likely to be challenged by artists’ lawyers but if it applies to the phonogram producer why should it not apply to managers? It may be the case that a compromise is reached by which the manager’s commission is payable at full rate for a period after the term, which is then followed by one or two periods in which the commission reduces, the last of these being in perpetuity. For example, full rate for the first two or three years following the end of the term of the management agreement and half rate in perpetuity (or until copyright or the related right expires by law) thereafter. If commission does reduce, a second manager may be able to negotiate with the artist for the difference between the commission being paid to the first manager and the commission rate. If the previous works and/or recordings were commissionable at the full rate in perpetuity by the first manager, it may be a good idea to approach the original manager (with the approval of the artist) to negotiate a commissio...

Commission Term. 2.1 The term of this proxy right as described in this Agreement shall commence from the date of completion of the transfer of shares under the “Share Transfer Agreement” (including the date of the transfer) to the date of termination of the entrustment as stated in Article 2.2 of this Agreement.