CIC Accounts definition
CIC Accounts which have not resulted in a purchase order within six (6) months may become "Corporate Accounts" upon notification to CIC in writing by the Company prior to Company employed personnel scheduling initial sales call activity for the purpose of soliciting purchase orders from the customer. Each party agrees to promptly furnish the other with copies of invoices upon request. In the event that both CIC and Company employed personnel have participated in the sales procurement process which results in the securing of a purchase order(s) for a "Corporate Account", 50% commission compensation will be payable to CIC for such account(s) and subject to the terms and conditions set forth herein.
CIC Accounts means the audited statement of the financial position of CIC as at, and the audited profit and loss account of CIC, the audited cash flow statement of CIC and the audited statement of changes in equity of CIC for the financial period ended on, the Accounts Date, together with the notes relating to them, the directors’ and auditor’s reports on them and all other statements incorporated in each of them;