Remuneration System definition

Remuneration System means the system followed by the direct selling entity to compensate the direct seller which illustrates the mode of sharing of incentives, profits and commission, including financial and non-financial benefits, paid by the direct selling entity to the direct sellers, on a monthly or periodic or yearly basis or both, as the case may be. This system, for every Direct Selling entity, shall:
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Remuneration System means the system followed by the direct selling entity to compensate the direct seller which illustrates the mode of sharing of incentives, profits and commission, including financial and non financial benefit, paid by the direct selling entity to the direct sellers, on a monthly or periodic or yearly basis or both a the case may be. This system for every Direct selling entity, shall: 11 Have no provision that a direct seller will receive remuneration from the recruitment to participate in such direct selling. 12 Ensure that direct sellers shall receive remuneration derived from the sale of goods or services. 13 Clearly disclose the method of calculation of remuneration 14. State includes a Union territory.
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Remuneration System means the system followed by the Company to compensate the Direct Seller which illustrates the mode of sharing of incentives, profits and commission, including financial and non-financial benefits, paid by the Company to the Direct Sellers, on a monthly or periodic or yearly basis or both, as the case may be. a) Have no provision that a Direct Seller will receive remuneration from the recruitment to participate in such direct selling; b) Direct Sellers shall receive remuneration derived from the sale of goods or services; c) Clearly disclose the method of calculation of remuneration.
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Examples of Remuneration System in a sentence

  • Remuneration Reviews shall be undertaken annually in accordance with the Remuneration System following a Performance and Development Review.

  • The following outlines the increases in wages available under this Agreement and the Performance Remuneration System.


More Definitions of Remuneration System

Remuneration System means the system followed by the direct selling entity to compensate the direct seller which illustrates the mode of sharing of incentives, profits and commission, including financial and non-financial benefit, paid by the direct selling entity to the direct sellers, on a monthly or periodic or yearly basis or both a the case may be. This system for every Direct selling entity, shall: a) Have no provision that a direct seller will receive remuneration from the recruitment to participate in such direct selling. b) Ensure that direct sellers shall receive remuneration derived from the sale of goods or services. c) Clearly disclose the method of calculation of remuneration.
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Remuneration System means the system followed by the direct selling entity to compensate the direct seller which illustrates the mode of sharing of incentives, profits and commission, including financial and non-financial benefit, paid
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Remuneration System means a system of remuneration referred to in regulation 37(3);
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Related to Remuneration System

  • Classification system means system relating either to an office, post or position or to an employee that provides a basis for the remuneration of employees by identifying the level which correctly reflects the functions and responsibilities of the office, post or position or of the employee;

  • Distribution System Code means the code approved by the Board which, among other things, establishes the obligations of the distributor with respect to the services and terms of service to be offered to customers and retailers and provides minimum, technical operating standards of distribution systems;

  • Distribution System means the system of wires and associated facilities between the delivery points on the transmission lines or the generating station connection and the point of connection to the installation of the consumers;

  • Production System means a live SAP system used for running Licensee’s internal business operations and where Licensee’s data is recorded.

  • Water distribution system means that portion of the water supply system in which water is conveyed from the water treatment plant or other supply point to the premises of the consumer.