Terms and Conditions Relating to Compensation Sample Clauses

Terms and Conditions Relating to Compensation. I understand that: (i) Commissions, Service Fees and Overrides (if applicable) are not earned until all required paperwork is submitted "in good order" and the Company receives and becomes legally entitled to retain the payments from which such compensation is to be paid; (ii) bonuses and prizes are not earned until they are awarded and thus I must be affiliated with the Company at the time bonuses and prizes are awarded to receive them; (iii) Service Fees are paid only for continuing service to Client Accounts and the Company reserves the right to determine the conditions under which Service Fees are to be paid and their amounts; (iv) the Company may at any time, in its sole discretion, with prior notice, terminate or modify any Commission, Override, Service Fee, or other compensation schedule, including its conditions, as it applies to new sales and services; (v) additional investments to existing accounts constitute new sales for purposes of Commissions, Overrides, bonuses, prizes, and awards, unless the customer is considered by the Company to be contractually committed to make them; (vi) the Company may temporarily withhold, from Commissions, Overrides, bonuses, prizes, awards and other compensation, amounts sufficient to protect the Company against refunds to customers; (vii) and the failure of the Company to withhold money from any payment made to me shall not be deemed a waiver of the Company's right to collect any debt I owe to the Company.
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