Residual Commissions definition

Residual Commissions means Commissions that are calculated as a percentage of the Commissionable Revenues and payable over a specified period of time.
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Residual Commissions will be paid based on the plan changed to in accordance with this Schedule as at the date of change, except that if Residual Commissions' have already commenced, they will continue unchanged.
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Residual Commissions shall be monthly residual amounts payable to Agent for Telecom Services sold by Agent under this Agreement.
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Examples of Residual Commissions in a sentence

  • Finally, HSG argues that section 8.3 of the Representation Agreement is not enforceable as written because it violates public policy and is unconscionable.The Court finds that HSG is not entitled to Residual Commissions based on its solicitation of Customers in violation of the surviving obligations of the RepresentationAgreement.

  • In addition, the Debtors also demanded that HSG turn over the Residual Commissions inadvertently paid by the Debtors to HSG for the period July 21-31, 2002 and the months of August and September 2002 (the “Postpetition Payments”).The Official Committee of Unsecured Creditors filed a Joinder to the Objection to Motion for Allowance and Payment of Administrative Claim on March 17, 2003.

  • The provision of loans, guarantees or credit amounts for the members of BOD, CEO, Managers, Executive Officers, and their affiliated persons, and the legal persons having interest-finance relation to such persons must comply with the laws.

  • The Debtors argue that HSG’s September Letter constitutes an act of solicitation under section 8.1 of the Representation Agreement, and therefore, the act of solicitation terminated the Debtors’ obligation to pay Residual Commissions to HSG.

  • The Court agrees.The Debtors’ obligation to pay Residual Commissions following termination of the Representation Agreement was defined in the Representation Agreement, Exhibit B, Subpart 3.

  • Therefore, in accordance with the Court’s order on April 27, 2004, denying administrative claim status for the Residual Commissions owed to HSG, the Court finds that all Residual Commissions that HSG was entitled to receive up to and including Thursday, November 24, 2002, constitute general unsecured claims.Furthermore, HSG argues that under the theory of judicial estoppel, the Debtors are prohibited from arguing that the November Letter terminated the Residual Commission obligation.

  • The Debtors argue that the Court should grant summary judgment because HSG’s act of solicitation represented a violation of the Representation Agreement and five days following MCI WorldCom’s notice to HSG, the Debtors’ obligation to pay Residual Commissions terminated.

  • HSG argues that section 8.3 of the Representation Agreement required the Debtors to give notice of their intention to terminate the payment of Residual Commissions and the November letter did not constitute sufficient notice because it did not express any intention to terminate payments.

  • The Debtors’ obligation to pay future Residual Commissions was expressly conditioned upon HSG’s continuing obligation not to solicit the WorldCom Customers procured by HSG.

  • Unless other arrangements are made with you, for each month in which you receive the Services, Viasat will offset the Application Fee against amounts owed by Viasat to you for Commissions and/or Residual Commissions (as such terms are defined in the Retailer Agreement).


More Definitions of Residual Commissions

Residual Commissions means the residual sales commissions due salespeople of HPS arising out of the sale or servicing of a Contract on behalf of HPS, as Residual Commissions are calculated and shown in the Commission Report Format, and including payroll-related expenses such as FICA, Medicare, state and federal unemployment taxes and similar taxes.
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Residual Commissions has the meaning attributed to it in Schedule "A-1";
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Related to Residual Commissions

  • Selling Commissions means any and all commissions payable to underwriters, dealer managers or other broker-dealers in connection with the sale of Shares, including, without limitation, commissions payable to the Dealer Manager.

  • Securities Commissions means collectively, the applicable securities commission or securities regulatory authority in each of the Qualifying Jurisdictions;

  • Tax Commission means the Oklahoma Tax Commission;

  • Selling Commission means three percent (3%) of the gross proceeds of Shares sold pursuant to this Agreement, or as otherwise agreed between the Company and the Agent with respect to any Shares sold pursuant to this Agreement.

  • Joint Commission means the accrediting body whose standards are referred to in these Bylaws.

  • Planning Commission means the Planning Commission of the City.

  • Leasing Commissions means leasing commissions incurred by Borrower in connection with leasing any Mortgaged Property or any portion thereof (including renewals of existing Leases).

  • Securities Commission means the applicable securities commission or regulatory authority in each of the Qualifying Jurisdictions;

  • Central Commission means the Central Electricity Regulatory Commission referred to in sub-section (1) of section 76 of the Act;

  • Canadian Securities Commissions means the securities regulatory authorities in each of the Qualifying Jurisdictions;

  • the Commission means the Charity Commission for England and Wales;

  • Nuclear Regulatory Commission (NRC) means the U.S. Nuclear Regulatory Commission or its duly authorized representatives.

  • Goods and Services Tax (Compensation to States) Act means the Goods and Services Tax (Compensation to States) Act, 2017;

  • Ceding Commission shall have the meaning specified in Section 5.2.

  • Diocesan Schools Commission means the education service provided by the diocese, which may also be known, or referred to, as the Diocesan Education Service.

  • Redevelopment Commission means the Fishers Redevelopment Commission.

  • Commission Share means each C share issued under circumstances which would normally give rise to an obligation of the holder of such share to pay a CDSC upon redemption of such share (including, without limitation, any C share issued in connection with a permitted free exchange), and any such share shall continue to be a Commission Share of the applicable Fund prior to the redemption (including a redemption in connection with a permitted free exchange) or conversion of such share, even though the obligation to pay the CDSC may have expired or conditions for waivers thereof may exist.

  • Commission means the Securities and Exchange Commission.

  • Railways Commission means the Western Australian Government Railways Commission established pursuant to the Government Railways Xxx 0000;

  • State Information Commission means the State Information Commission constituted under sub-section (1) of section 15;

  • Governmental Bar Date means the date established pursuant to the Bar Date Order by which Proofs of Claim of Governmental Units must be Filed.

  • Antitrust Authorities means the Antitrust Division of the United States Department of Justice, the United States Federal Trade Commission or the antitrust or competition Law authorities of any other jurisdiction (whether United States, foreign or multinational).

  • (2) COMMISSION.—The term Commission’ means the Federal Communications Commission.’’

  • County commission means the board of county commissioners of the county.

  • Election Commission means the Election Commission appointed by the President under article 324;

  • Securities Regulatory Authorities means the securities commission or similar regulatory authority in each province and territory of Canada that is responsible for administering the Canadian securities legislation in force in such jurisdictions;