Commission Compensation definition

Commission Compensation means compensation if a substantial portion of the services provided by an Eligible Associate consist of the direct sale of a product or service to a customer, the compensation paid by the Company to the Eligible Associate consists of either a portion of the purchase price for the product or service or an amount calculated solely by reference to the volume of sales, and payment of the compensation is contingent upon the Company receiving payment from an unrelated customer for the product or services, or as otherwise defined by Section 409A.
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Commission Compensation means Compensation earned by a Participant a substantial portion of whose services to the Participating Employer consists of the direct sale of a product or service to a customer, where the Compensation paid to the Participant consists of a portion of the purchase price for the product or service or an amount calculated solely by reference to the volume of sales, and where payment of the Compensation is contingent upon the Participating Employer receiving payment from an unrelated customer for the product or services.
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Examples of Commission Compensation in a sentence

  • The Client may be entitled to compensation from the FCCF if the Company cannot meet its obligations in the situations explained in the website with reference to the “Financial Commission Compensation Fund”.

  • More information can be found in “Financial Commission Compensation Fund” section of the Website.

  • Notwithstanding Section 6 below, the Executive shall be entitled to receive the Commission Compensation, as determined by the Board, for a period of two (2) years from the date of termination of his employment with the Company for whatever reason.

  • Such Commission Compensation shall be payable on a monthly basis.

  • In such event the Employee's estate shall be paid her Annual Salary and accrued Commission Compensation for the remainder of the month in which such termination occurs.

  • The Commission Compensation clause gave a Sales Representative Agreement details a mortgage amount typically defined as a percentage of commisison b how.

  • During the Employment Term and beginning with January 1, 1998, Employee will be entitled to participate in either the 1997 Compensation Program for DSC Communications Corporation and Subsidiaries, Sales Representatives of DSC or the 1997 Sales Commission Compensation Program of CELCORE, as deemed appropriate by the Company.

  • All employees are covered by Industrial Commission Compensation Insurance, except when they elect otherwise as provided by law.

  • The Company and Local 39117 agree to establish a Joint Committee to review experiences under the Commission Compensation Plan and the associated commission data.

  • Lemongrass Spa Products, LLC also has the right to make changes to the Commission Compensation Plan in order to remain competitive within the industry.