Partner Payment Clause Samples
The Partner Payment clause defines the terms and conditions under which payments are made to a partner in a business arrangement. It typically outlines the payment schedule, methods of payment, and any conditions that must be met before payment is released, such as delivery of services or achievement of milestones. This clause ensures that both parties have a clear understanding of when and how payments will be made, reducing the risk of disputes and promoting smooth financial transactions between partners.
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Partner Payment. Brainbox Digital shall pay Partner a total of Fifty percent (50%) of the Revenue received by Brainbox ▇▇▇▇▇▇▇.▇▇▇ on a monthly basis (the “Partner Revenue”). The Partner Revenue shall be paid within Sixty working days (60) of the close of the month in which the Partner Revenue was earned under the terms of this Agreement, this excludes revenues generated via Pricerunner, which will be paid within forty-five days (45) of the close of the month in which the Pricerunner revenue was earned. For clarity partner revenue excludes performance bonuses, tier payments, uplift bonuses or other additional revenues earned or negotiated at any time by Brainbox Digital at a network or country level with feed providers. If Brainbox Digital terminates this Agreement, final payment may be delayed for as long as sixty (60) additional days in cases in which the number of Referrals has not been validated to the satisfaction of Brainbox Digital. In such cases where overpayment has been deemed to be paid by Brainbox Digital to Partner, Brainbox Digital shall deduct that amount from the following months Partner Payment. For the relevant VAT jurisdictions, Brainbox Digital and Partner hereby acknowledge and agree that Brainbox Digital shall provide Partner with a value added tax (“VAT”) invoice. Partner agrees not to raise any VAT invoices with respect to the revenue due to it pursuant to this Agreement. Brainbox Digital will complete invoices showing the Partner address, VAT Registration number, together with all details which constitute a full VAT invoice. Partner agrees to notify Brainbox Digital in the event Partner ceases to be registered under the VAT number delineated in this Agreement, transfers or sells its business or becomes registered under a different VAT number. Brainbox Digital agrees to make a new agreement in the event that the Partner’s VAT registration changes. In the event Brainbox Digital intends to outsource responsibility for issuing VAT invoices under this Agreement to a third party, Brainbox Digital shall notify the Partner of such outsourcing
Partner Payment. The Employer may grant a payment equal to two weeks’ ordinary rate of pay to an Employee who takes concurrent unpaid leave for at least two weeks of the eight week concurrent leave entitlement.
Partner Payment. To assist with outreach to Partner’s constituents, Company shall pay to Partner $100 when Recipient: (i) signs up for Services, and (ii) used Partner’s tracking link. At the end of each calendar month, Company shall calculate the amount due to Partner based on the number of Recipients that meet the foregoing requirements and pay Partner for said month within thirty (30) days of the first date of the following month.