Incremental Commission definition
Incremental Commission means for each net gallon that Buyer takes under this Agreement, Buyer shall receive an additional 0.20% of the net purchase price as defined in Section 7.1, if Seller elects to be paid no later than the seventh (7th) day after the Friday of the week in which Seller issues the ▇▇▇▇ of lading for such gallons sold and delivered during said week as defined in Section 10.1. If Seller elects to be paid no later than the twentieth (20th) day after the Friday of the week in which Seller issues the ▇▇▇▇ of lading for such gallons sold and delivered during said week as defined in Section 10.1, no Incremental Commission is payable. Seller may make the election by fax or email no later than the Friday of the week in which Seller issues the ▇▇▇▇ of lading for such Gallons sold and delivered during said week. The election will remain in effect until Seller changes the election.
Incremental Commission means any direct or indirect acquisition costs, the amount of which is directly related to the premium or commission without being a part of the premium.
Examples of Incremental Commission in a sentence
In this case, Buyer shall also receive the Incremental Commission.
Deduction of the Incremental Commission applies only if Seller elects early payment under the provisions of Section 10.1.