Guarantee with Variable Commission Sample Clauses

Guarantee with Variable Commission. Upon ratification, the Company will implement a guarantee with variable percentage commission program. The draw rate prior to ratification will be the guaranteed rate for existing employees. New major home fashion employees will have the same minimum hiring rate as Wage Group 1. Every February will have the guaranteed rate amended based on previous year’s earnings. Appendix A and Letter of Understanding #6 do not apply to major home fashion employees. There is no change to non-productive rate use or practice as a result of the move to guarantee with variable commission. Effective upon ratification, any deficit from fall commission will be forgiven. The parties agree that the optimum complement of home fashion employees is 5 based on annual volume of $1,500,000. An additional full time home fashion employee may be added once volume reaches $1,850,000 in any 12 month period and the total gross commission earnings earned on the new volume level exceeds the total gross commission earnings from the preceding 12 month period by $18,000. Going forward, the complement of home fashion employees may be increased by 1 every subsequent time volume increases by $350,000 and total gross commission earnings exceed the total gross commission earnings from the preceding 12 month period by $18,000. Additionally, a 7th –or subsequent- home fashion employee will not be hired until at least 12 months have elapsed since the most recent hiring. The Company retains the discretion to staff the major home fashion area to optimum numbers. Before a new home fashion employee is hired the Company will provide the Union with a report showing the increase in sales volume and the change in gross commission earnings. Any new home fashion employee who cannot match her draw during her probationary period may be dismissed before the conclusion of her probationary period for that reason or any other reason.
Sample 1
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Related to Guarantee with Variable Commission

  • Payment of Deferred Underwriting Commission on Business Combination Upon the consummation of the Company’s initial Business Combination, the Company agrees that it will cause the Trustee to pay the Deferred Underwriting Commission directly from the Trust Account to the Underwriters, in accordance with Section 1.3.

  • Payment of Commission 7(1) The Company may exercise the power to make payments by way of brokerage or commission conferred by the Law in the manner provided by the Law.

  • Data Not Guaranteed The Customer expressly agrees that any data or online reports is provided to the Customer without warranties of any kind, express or implied, including but not limited to, the implied warranties of merchantability, fitness of a particular purpose or non-infringement. The Customer acknowledges that the information contained in any reports provided by you is obtained from sources believed to be reliable but is not guaranteed as to its accuracy of completeness. Such information could include technical or other inaccuracies, errors or omissions. In no event shall you or any of your affiliates be liable to the Customer or any third party for the accuracy, timeliness, or completeness of any information made available to the Customer or for any decision made or taken by the Customer in reliance upon such information. In no event shall you or your affiliated entities be liable for any special incidental, indirect or consequential damages whatsoever, including, without limitation, those resulting from loss of use, data or profits, whether or not advised of the possibility of damages, and on any theory of liability, arising out of or in connection with the use of any reports provided by you or with the delay or inability to use such reports.

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