SHARE PROGRAMS Clause Samples

SHARE PROGRAMS. E Group shall pay to Wit Group, within 30 days following the end of each calendar quarter during the term of this Agreement, the Program Fee described below for each new retail brokerage account opened at E Group by a retail customer for the purpose of participating in an "affinity" or "directed" share program, or similar such program, administered by Wit Group, including without limitation, (i) Wit Group's electronic Affinity Share Program ("eASP") and (ii) Wit Group's electronic Directed Share Program ("eDSP"). The "Program Fee" shall be $***** for each such new account opened at any time prior to the first anniversary of the Merger, and shall be a mutually agreed upon comparable amounts paid by E Group to other Persons for similar customer account acquisitions executed by E Group over the then preceding 12-month period. E Group and Wit Group shall negotiate in good faith on an annual basis to determine the amount of the Program Fee prior to each yearly anniversary of the Merger, and the amount so determined shall be in effect thereafter until the next succeeding anniversary of the Merger. E Group shall be entitled to reject or not accept any such new account at its sole discretion. Notwithstanding Section 6 hereof, Wit Group shall pay to E Group ***** percent (*****%) of the selling concession in connection with the Retail Securities allocated to any eASP account or eDSP account.