Minimum Commissions Sample Clauses

Minimum Commissions. (a) The earned commission which shall be paid to any property or cas- ualty insurance agent or broker duly licensed by a state insurance regu- latory authority, with respect to each policy or renewal the agent duly pro- cures on behalf of the insured, in con- nection with policies of flood insurance placed with the NFIP at the offices of its servicing agent, but not with re- spect to policies of flood insurance issued pursuant to Subpart C of this part, shall not be less than $10 and is computed as follows:
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Minimum Commissions. The minimum aggregate factoring commissions payable under this Agreement for each contract year hereof shall be $250,000, which, to the extent of any deficiency (after giving effect to commissions payable under paragraph 4.1. hereof), shall be chargeable to Client’s account with Factor yearly.
Minimum Commissions. All minimum commission payments will be scheduled effective November 1, 1999 and based on GameTech's fiscal year. Distributor shall receive an average annualized guaranteed floor commission of $l00,000.00 per month during the first thirty-six (36) months of this Agreement. In any given quarter should the commissions earned, as calculated in 4.1 above, not exceed the guaranteed floor quarterly commission of 3 x $100.000.00, then Distributor shall earn and receive the above stated guaranteed floor monthly commission based upon the following payment plan: Should average commissions earned be less than 3 x $100,000.00 then the shortfall, if any, shall be paid no later than the fifteenth (15th) day of the month subsequent to the end of each quarterly period. On an annualized basis, should Distributor receive at least 12 x $100,000, yet during any quarter during this period Distributor receives shortfall payments, Distributor shall remit the difference to Gametech no later than the fifteenth (15th) day subsequent to the end of the subject annualized period. All minimum commission payments shall be inapplicable during any period in which act(s) of God cause Distributor's commissions to fall by twenty percent (20%) or more.
Minimum Commissions. The minimum aggregate factoring commissions payable to Factor under this Agreement shall be an amount equal to the Minimum Contract Year Commission set forth on the Fee Schedule annexed hereto, which, to the extent of any deficiency (after giving effect to commissions actually paid to Factor under Section 3.1(a) during the applicable Contract Year), shall be chargeable to Client’s account with Factor on the earlier to occur of the effective date of termination of this Agreement or the first Business Day of the month immediately following the applicable Contract Year. For purposes of this Agreement, “Contract Year” shall mean the period commencing on the Effective Date and ending on the date which is twelve (12) months thereafter, and each consecutive twelve (12) month period thereafter. For the purposes of clarity, Factor and Client agree that surcharges paid by Client under Section 3.1(b) shall not be added to commissions paid to Factor for the purposes of satisfying the Minimum Contract Year Commission.
Minimum Commissions. The minimum aggregate factoring commissions payable under this Agreement for each contract year hereof shall be $150,000, which, to the extent of any deficiency (after giving effect to commissions payable under subparagraph (a)), shall be chargeable to Client's account with Factor yearly.
Minimum Commissions. Unless otherwise stipulated by Unicity for specific country and in order to minimize processing and handling costs, Unicity will not generate a commission payment for any amount under fifty dollars ($50.00). Should a Distributor be eligible for a commission payment of less than fifty dollars ($50.00), the equivalent Volume will be credited to the Distributor’s Unicity account.

Related to Minimum Commissions

  • Minimum Commitment If for a certain Service a minimum commitment has been determined in the Agreement, the Customer guarantees to respect the minimum commitment described in the Agreement during the entire period of the Agreement. If the Customer does not respect this minimum commitment, the Customer shall pay the compensation mentioned in the Agreement. If no compensation has been mentioned in the Agreement, the Customer has to pay the applicable Charges for the respective Service, or the average of the applicable Charges if different Charges are applied for the respective Service, per missing number of its minimum commitment. Services that are timely cancelled by the Customer or Services for which the Customer has paid a cancellation fee , do not, even not partly, release the Customer from its obligation to respect the minimum commitment . Services cancelled as due to Force Majeure and Services cancelled by Lineas for other reasons than Force Majeure, will be considered as a Services ordered and paid for by the Customer. Services cancelled by the Customer or by Lineas because of holidays do not, even not partly, release the Customer from its obligation to respect its minimum commitment.

  • Minimum Salaries 12.1 The minimum academic base salary for all Bargaining Unit members shall be as follows: Rank Effective 9/1/2019 Professor $80,250 Assoc. Professor $64,875 Asst. Professor $53,125 Instructor $45,500 Senior Librarian $80,250 Assoc. Sr. Librarian $68,875 Assoc. Librarian $62,875 Asst. Librarian $53,125 Beg. Librarian $45,500 Faculty Members earning a base salary below the effective minima shall move to the new minima and receive any across-the-board and benchmark increases under Article 10 on his or her minima. Faculty Members who will receive regional campus increases under Article 10 of this Agreement shall receive those increases before any adjustment to meet the minimum salary required by this Article.

  • Minimum Amount No prepayment shall be required pursuant to Section 5.2(a)(i) (i) in the case of any Disposition yielding Net Cash Proceeds of less than $1,000,000 in the aggregate and (ii) unless and until the amount at any time of Net Cash Proceeds from Prepayment Events required to be applied at or prior to such time pursuant to such Section and not yet applied at or prior to such time to prepay Term Loans pursuant to such Section exceeds (x) $10,000,000 for a single Prepayment Event or (y) $50,000,000 in the aggregate for all Prepayment Events (other than those which are either under the threshold specified in subclause (i) or over the threshold specified in subclause (ii)(x)) in any one fiscal year, at which time all such Net Cash Proceeds referred to in this subclause (y) with respect to such fiscal year shall be applied as a prepayment in accordance with this Section 5.2.

  • MINIMUM ORDER QUANTITY The State makes no commitment to purchase any minimum or maximum quantity, or dollar volume of products from the selected suppliers. Utilization of this agreement will be on an as needed basis by State Agencies and/or Cooperative Participants, Cities, Counties, Schools K-12, Colleges and Universities. The State will award to multiple suppliers; however, the State reserves the right to purchase like and similar products from other suppliers as necessary to meet operational requirements. Note: Issuance of an award does not guarantee an order.

  • Minimum Amounts (A) in the case of an assignment of the entire remaining amount of the assigning Lender’s Commitment and the Loans at the time owing to it or in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned; and

  • Minimum Wages a. All laborers and mechanics employed or working upon the site of the work, will be paid unconditionally and not less often than once a week, and without subsequent deduction or rebate on any account (except such payroll deductions as are permitted by regulations issued by the Secretary of Labor under the Xxxxxxxx Act (29 CFR part 3)), the full amount of wages and bona fide fringe benefits (or cash equivalents thereof) due at time of payment computed at rates not less than those contained in the wage determination of the Secretary of Labor which is attached hereto and made a part hereof, regardless of any contractual relationship which may be alleged to exist between the contractor and such laborers and mechanics. Contributions made or costs reasonably anticipated for bona fide fringe benefits under section 1(b)(2) of the Xxxxx-Xxxxx Act on behalf of laborers or mechanics are considered wages paid to such laborers or mechanics, subject to the provisions of paragraph 1.d. of this section; also, regular contributions made or costs incurred for more than a weekly period (but not less often than quarterly) under plans, funds, or programs which cover the particular weekly period, are deemed to be constructively made or incurred during such weekly period. Such laborers and mechanics shall be paid the appropriate wage rate and fringe benefits on the wage determination for the classification of work actually performed, without regard to skill, except as provided in 29 CFR 5.5(a)(4). Laborers or mechanics performing work in more than one classification may be compensated at the rate specified for each classification for the time actually worked therein: Provided, That the employer's payroll records accurately set forth the time spent in each classification in which work is performed. The wage determination (including any additional classification and wage rates conformed under paragraph 1.b. of this section) and the Xxxxx-Xxxxx poster (WH–1321) shall be posted at all times by the contractor and its subcontractors at the site of the work in a prominent and accessible place where it can be easily seen by the workers.

  • Minimum Payments If the Executive’s Termination Date occurs during the Agreement Term for any reason, the Executive shall be entitled to the following payments, in addition to any payments or benefits to which the Executive may be entitled under the following provisions of this Section 5 (other than this paragraph 5(a)) or the express terms of any employee benefit plan or as required by law:

  • Minimum Monthly Rent 3.1.1 Tenant agrees to pay to Landlord a Minimum Monthly Rent, initially in the amount set forth in the Basic Provisions, during each month of the Term of this Lease. Minimum Monthly Rent for a period constituting less than a full month shall be prorated on the basis of a thirty (30)-day month.

  • Minimum Orders Client may order Manufacturing Services for batches of Products only in multiples of the Minimum Order Quantities as set out in Schedule B to a Product Agreement.

  • Minimum Wage The Contractor and the Surety, in consideration of the award of this Contract to the said Contractor, jointly and severally for themselves, their heirs, executors, administrators, and successors or assigns hereby agree to pay all employees in and about the construction or performance of the work under this Contract in accordance with the schedule of wages contained in the Instructions to Bidders for work in any trade or occupation listed therein. The Contractor shall make wage reports as required by said Instructions. Strict compliance with said minimum wage requirements is demanded by the Owner and shall be considered as of the essence of this Contract. It is hereby agreed that the City of Milwaukee by its Milwaukee Board of School Directors shall have the right at all times to examine all persons employed upon the project by the Contractor and carryon and make such investigations as it may deem necessary to see that the terms of this agreement, relating to such wage payments, are being fully observed.

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