REPRESENTATIVE COMPENSATION Sample Clauses
The Representative Compensation clause defines how and when a representative, such as a sales agent or broker, will be paid for their services under the agreement. Typically, this clause outlines the basis for compensation—such as commission rates, salary, or bonuses—and specifies the timing and conditions for payment, for example, upon closing a sale or achieving certain performance targets. By clearly establishing the terms of payment, this clause helps prevent disputes over compensation and ensures both parties understand their financial obligations.
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REPRESENTATIVE COMPENSATION. Subject to the provisions of Section 7 of this Agreement, commissions or other fees due all Representatives in connection with the sale of Contracts shall be paid by Insurer, on behalf of Distributor, to the persons entitled in accordance with the applicable Agency Manager Securities Sales Agreement or Agent Securities Sales Agreement (“Agent Agreements”) between such Representative and Distributor or in accordance with other agreements between other registered persons and Distributor, and as set forth in Attachment A to the Paymaster Agreement, as amended, between Insurer and Distributor and Schedule 2 hereto. The rates of such commissions or other fees may be modified at any time, but only upon the mutual agreement of Insurer and Distributor. Distributor shall assist Insurer in the payment of such amounts as Insurer shall reasonably request, provided that Distributor shall not be required to perform any acts that would subject it to registration under the insurance laws of any state. The responsibility of Distributor shall include the performance of all activities by Distributor in order that the payment of such amounts fully complies with all applicable federal and state securities laws. If Distributor determines that a person (1) signing an Application who is required to be registered or (2) receiving compensation for soliciting the purchase of a Contract, is not duly registered to sell the Contract pursuant to federal or state securities laws and rules, no compensation will be payable to any such unregistered person.
REPRESENTATIVE COMPENSATION. The State is not responsible for any compensation of Providers or their representative for time spent investigating or processing grievances nor any travel or subsistence expenses incurred by a grievant or Union ▇▇▇▇▇▇▇ in the investigation or processing of grievances.
REPRESENTATIVE COMPENSATION. Beacon agrees to provide compensation for all of the Beacon sales representatives and Sunovia agrees to provide compensation for all of the Sunovia sales representatives.
REPRESENTATIVE COMPENSATION. As full consideration for the services of Representative under this Agreement in its capacity as an independent representative, Elantec will pay Representative commissions as set forth below:
(a) Criteria for Commissions. Representative is eligible to receive commissions only with respect to orders for Elantec Products placed by customers in the Territory (other than Elantec Accounts), which orders have been accepted by Elantec. Except for those cases in which split commissions are deemed appropriate by Elantec, no commissions be paid on sales to customers located outside of the Territory. Notwithstanding the other provisions of this Section 6, no commissions will be paid on orders for which Representative, or an entity controlled by Representative or which controls Representative, acts as a distributor. [Representative will also be entitled to receive commissions on distributor point of sales orders (i. e. orders placed by customers in the Territory through authorized Elantec distributors) ("Disti POS").]
(b) Commissions on Net Billing Price. As to purchases meeting the criteria of Section 6(a), Elantec will pay Representative commissions at the rate set forth in Exhibit D hereto based upon the "Net Billing Price" of sales of Elantec Products. "Net Billing Price" is defined as the gross selling price of an Elantec Product, not including any repair, support, interest or finance charges, reduced by direct costs associated with the sale of such Elantec Product, including but not limited to discounts, warehousing allowances, insurance and transportation charges, taxes, rebates, cancellations and returns. [For Disti POS, the gross selling price is based on the price paid to the distributor by the customer.] (e.g., stocking orders for resale as described in Section 7 below.)
REPRESENTATIVE COMPENSATION. The amount retained by Representative --------------------------- after deducting Representative Settlement Price and Revenue Share (Out) from Revenues.