Annual Commissions definition

Annual Commissions means any annual commissions paid to a Participant as an employee under a Company commission plan or arrangement, or otherwise as a commission in the discretion of the Company. The Committee may, in its discretion, with respect to any one or more Participants establish for any Plan Year a limit on the amount of Annual Commissions to be taken into account under this Plan.
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Examples of Annual Commissions in a sentence

  • If the Executive is terminated by the Company for Cause or the Executive terminates his employment in breach of this Agreement, the Executive shall be entitled to receive any Accrued Obligations and payment of any unpaid Annual Commissions on sales occurring on or prior to the Executive's date of termination in full settlement of all amounts owed him.

  • The Company may, in its sole discretion and without liability for lost Annual Commissions, reject sales or other transactions, compromise or settle amounts due, make refunds or not pursue collections.

  • In addition, in the event of the termination of the Executive's employment on account of his death, the Executive's estate shall be entitled to payment of any unpaid Annual Commissions on sales occurring on or prior to the date of the Executive's termination of employment.

  • Notwithstanding anything herein to the contrary, in no event shall the Executive be entitled to receive Annual Commissions under this Agreement or otherwise be compensated for sales occurring following his date of termination.

  • Any claim or dispute relating to Commissions payable in addition to the Guaranteed Annual Commissions must be brought by the University in writing within one year of the date of such qualifying Contract Year.

  • This helps service providers gain a better understanding of captive structures and purposes, shall be deemed Net Annual Commissions hereunder.

  • Notwithstanding the foregoing, in respect of any fiscal year during the Employment Period, in no event shall the Annual Bonus exceed an amount equal to (A) $1,750,000, minus (B) the sum of (1) the Executive’s Annual Base Salary for such fiscal year, and (2) the Annual Commissions (defined below) payable to the Executive pursuant to Section 2(b)(iv).

  • Commission percentage is to be based upon the "Net Annual Commissions" actually received by the Agency on any business produced by the Associate whether new or renewal business.

  • The Guaranteed Annual Commissions shall be payable in equal quantity installments of $48,500 to University within 45 days of the end of each quarter (due November 14th, February 14th, May 15th, and August 14th of each Contract Year).

Related to Annual Commissions

  • Planning Commission means the Planning Commission of the City.

  • the Commission means the Charity Commission for England and Wales;

  • Central Commission means the Central Electricity Regulatory Commission referred to in sub-section (1) of section 76 of the Act;

  • Election Commission means the Election Commission appointed by the President under article 324;

  • Selling Commissions means any and all commissions payable to underwriters, dealer managers or other broker-dealers in connection with the sale of Shares, including, without limitation, commissions payable to the Dealer Manager.