Vending Machine Commission Clause Samples
The Vending Machine Commission clause defines the terms under which commissions are paid to a party for the operation or placement of vending machines. Typically, this clause specifies the percentage or amount of sales revenue that will be paid as commission, the frequency of payments, and any reporting requirements regarding sales figures. Its core practical function is to ensure both parties have a clear understanding of how earnings from vending machine sales are shared, thereby preventing disputes and ensuring transparency in financial arrangements.
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Vending Machine Commission. Operator shall pay 12% of Net Receipts from food and beverage vending machines which it is authorized to place on the Zoo grounds. Vending machines in the Amusement Park are limited to a total of eight (8), similar in style and offerings to those existing at the time this Agreement is executed. Operator is not required to pay any commissions on the vending machines in the Amusement Park.
Vending Machine Commission. The Company shall pay the City a full service commission incentive of fifty percent (50%) of all vending machine sales of its Beverages at the Facilities. Commission payments will be based upon cash collected after taxes are deducted. The Company shall provide the City with monthly reports showing the amount of products sales of the Facilities, the cash collected after taxes, and the amount of commission owed to the City based upon these figures. The Company shall pay the City the required commission payments on a monthly basis, with each month’s commission payment and monthly report due to the City no later than fifteen (15) days after the end of any month.