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:
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.
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.
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.
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
Remuneration System means a system of remuneration referred to in regulation 37(3);