Accrued Commissions definition

Accrued Commissions means accrued commissions payable by the Company calculated in accordance with GAAP applied on a basis consistent with the preparation of the Financial Statements.
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Accrued Commissions shall be as defined in Section 6.7(a)(v).
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Accrued Commissions. Has the meaning set forth in Section 1.3(b).
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Examples of Accrued Commissions in a sentence

  • Notwithstanding the foregoing, Buyer shall be responsible for all Accrued Vacation Obligations and Accrued Commissions.

  • Accrued Vacation - See Vacation and Sick Leave Report dated 10/16/01 Accrued Commissions - See A/C #1-2008-0 as of September 30, 2001 and dated 10/22/01 Accrued Salaries - See September Accrual A/C #1-2205-0 Deferred Revenue and Deposits See Schedule 3.1 - Current Billing Period See Schedule 3.2 - Smurfit Stone Container - A/C# 1-2024-3 as of September 30, 2001 See Schedule 3.3 - Maintenance Pre-Payments - A/C# 2230-101010 EXHIBIT A Leased Premises - See Wareforce, Inc.

  • For Letters of Credit, Accrued Commissions are charged as set out in Paragraph 3 above.

  • With respect to accrued commissions due to IC from SSLIC and accrued interest due to CEI from SSLIC on the Surplus Debenture which have not been paid on the Closing Date (the "Accrued Commissions and Interest"), SNFC shall, within 30 days following the Closing Date, determine the amount of such commissions and interest and pay the same to the Disbursing Agent as part of the Merger Consideration.

  • The Parties agree that on the Closing Date, Seller will terminate all Hired Employees and transfer unused but Accrued Vacation Liability and Accrued Commissions Payable with respect to such Hired Employees to Buyer as of the Closing Date.

  • Associate reserves the right to repurchase at any time at then face value, without recourse to IHI, all Receivables outstanding in a Calendar Month Unit/Contract Receivable Unit/Bulk Purchase Unit by paying to IHI, in immediately available funds, all of that Calendar Month Unit's/Contract Receivable Unit's/Bulk Purchase Unit's outstanding Costs and additional charges if any, Primary, Administered and Accrued Commissions, and Initial Payments.

  • Accrued Commissions are calculated based on the face amount of Initial Payments/Letters of Credit/Guarantee and are charged at a rate of 2% for each ten calendar days beginning with the date IHI funds the Associate/causes the Letter of Credit/Guarantee (see Para.

  • To the best of the Company's and ▇▇▇▇▇▇'▇ knowledge, the Schedule of Accrued Commissions, Accounts Payable and Accrued Expenses attached hereto as Exhibit 2.26 contains a true and complete description of: (a) all of the Company's accrued commissions; (b) other accounts payable; and (c) any accrued expense of the Company, in each case as of October 31, 1997, including all credits and allowances applicable thereto.

  • Buyer shall reimburse Seller and shall indemnify and hold harmless Seller and its Affiliates from and against the Accrued Bonus and Accrued Commissions and the employer portion of Taxes due thereon.

  • The Vendor will prepare the Closing Date Net Asset Listing in accordance with, and on a consistent basis with, the accounting policies used in the preparation of the Financial Statements using the same line items as shown on the May Net Asset Listing, including for greater certainty, Employee Receivables, Accrued Vacation Pay and Accrued Commissions and Bonus.

Related to Accrued Commissions

  • Accrued Compensation means an amount which shall include all amounts earned or accrued through the "Termination Date" (as hereinafter defined) but not paid as of the Termination Date, including (i) base salary, (ii) reimbursement for reasonable and necessary expenses incurred by the Executive on behalf of the Company during the period ending on the Termination Date, (iii) vacation pay and (iv) bonuses and incentive compensation (other than the "Pro Rata Bonus" (as hereinafter defined)).

  • Accrued Amounts means any unpaid annual base salary accrued through the date of a Participant’s Qualifying Termination and any accrued but unpaid vacation pay.

  • Accrued Obligations means (i) all accrued but unpaid Base Salary through the date of termination of Executive’s employment, (ii) any unpaid or unreimbursed expenses incurred in accordance with Section 7 hereof, and (iii) any benefits provided under the Company’s employee benefit plans upon a termination of employment, in accordance with the terms contained therein.

  • Accrued Rights shall have the meaning set forth in Section 4(a)(iv).

  • Accrued Base Salary means the amount of Executive's Base Salary which is accrued but not yet paid as of the Date of Termination.