Takeback Sample Clauses
A Takeback clause allows a party to reclaim or recover certain rights, property, or benefits previously granted under a contract if specific conditions are met. In practice, this might apply to intellectual property rights, licenses, or assets that revert to the original owner if the other party fails to meet obligations, such as payment or performance milestones. The core function of a Takeback clause is to protect the granting party by providing a mechanism to regain control or ownership in the event of non-compliance or breach, thereby reducing risk and ensuring accountability.
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Takeback. If the AD received commission for a Product subject to this Section 12.0, and the customer discontinues the Product for any reason, Takeback applies. The amount of Takeback is based upon the length of time the customer retained the service and if the sale was a term contract: a) if the customer discontinues the Product during the first fifty percent (50%) of the contract term, the Takeback amount will be prorated to the length of time remaining on the customer's contract; b) if the customer discontinues a month-to-month subscription of the Product within sixty (60) days of installation, the Takeback will equal one-hundred percent (100%) of the Upfront Commission Payment. Residual Commission Payments cease when a contract is discontinued.
Takeback. If the Sales Representative received commission for a Product subject to this Section 7.0, and the customer discontinues the Product for any reason, Takeback applies. If the customer discontinues a Product within one-hundred and eighty days after the Completed Order date, the Takeback will equal one-hundred percent (100%) of the Upfront Commission Payment. Residual commissions cease effective the date the customer cancels the product. Effective January 1, 1999 Confidential and Proprietary Information of Ameritech. Not to be disclosed to another party without prior written consent of Ameritech Exhibit D Code of Business Conduct Exhibit D CODE OF BUSINESS CONDUCT This is Exhibit D to the Authorized Internet Solutions Sales Representative Agreement Between Telecomm Industries, Inc. ("Sales Representative") and Ameritech effective January 1, 1999, and this Exhibit is incorporated into the Agreement by reference.
Takeback. If the AD received commission for a Product subject to this Section 13.0, and the customer discontinues the Product for any reason, Takeback applies. If the customer discontinues a Product within one-hundred and eighty days after the Completed Order date, the Takeback will equal one-hundred percent (100%) of the Upfront Commission Payment. Residual commissions cease effective the date the customer cancels the product.
14.0 1 800-CONFERENCE
14.1 Commission Payment Schedule. Sales of 1-800-CONFERENCE consist only of an Upfront Commission Payment, and no Residual Payment applies.
Takeback. The Upfront Commission Payment is subject to Takeback in the event the customer discontinues a service (for any or no reason) for which AD received commission in the past. The Takeback amount will be based upon the length of time the customer retained the service and whether the sale was under a term contract:
a) If the sale is a term contract, and the service is discontinued within the first fifty percent (50%) of the contract term, the amount of Takeback will be prorated to the length of time remaining on the customer's contract.
b) If the sale was a month-to-month subscription, and the customer discontinues the service within sixty (60) days of the Completed Order date, the Takeback amount will equal one hundred percent (100%) of the commission paid. Residual Commission Payments cease when a service is discontinued.
Takeback. If the AD received commission for a Product subject to this Section 9.0, and the customer discontinues the Product for any reason within one hundred and eighty (180) days after the Completed Order date, Takeback applies, and the amount of takeback equals one hundred percent (100%) of the commission paid to AD.
Takeback. The Upfront Commission Payment is subject to Takeback in the event the customer discontinues a service (for any or no reason) for which Sales Representative received commission in the past. The Takeback amount will be based upon the length of time the customer retained the service and whether the sale was under a term contract:
a) If the sale is a term contract, and the service is discontinued within the first fifty percent (50%) of the contract term, the amount of Takeback will be prorated to the length of time remaining on the customer's contract. Effective January 1, 1999 Confidential and Proprietary Information of Ameritech. Not to be disclosed to another party without prior written consent of Ameritech
b) If the sale was a month-to-month subscription, and the customer discontinues the service within sixty (60) days of the Completed Order date, the Takeback amount will equal one hundred percent (100%) of the commission paid. Residual Commission Payments cease when a service is discontinued.