Sales Commission Compensation definition

Sales Commission Compensation means Compensation or portions of Compensation earned by the Participant if: (i) a substantial portion of the services provided by the Participant to the Plan Sponsor consists of the direct sale of a product or service to an unrelated customer; (ii) the Compensation paid by the Plan Sponsor to the Participant 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 (iii) Payment of the Compensation is contingent upon the Plan Sponsor receiving Payment for the product or services from a customer who is unrelated to the Plan Sponsor or to the Participant. A customer is related if treated as related under Treasury Regulations §1.409A-2(a)(12)(i).
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Sales Commission Compensation means Compensation or portions of Compensation earned by the Participant if: (i) a substantial portion of the services provided by the Participant to the Corporation consist of the direct sale of a product or service to an unrelated customer; (ii) the Compensation paid by the Corporation to the Participant 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 (iii) payment of the Compensation is contingent upon the Corporation receiving payment for the product or services from a customer who is unrelated to the Corporation or to the Participant. A customer is related if treated as related under Treasury Regulations §1.409A-2(a)(12)(i).
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Sales Commission Compensation means compensation or portions of compensation earned by a Participant if a substantial portion of the services provided by such Participant to the Company consist of the direct sale of a product or service to an unrelated customer, the compensation paid by the Company to the Participant consists of either a portion of the purchase price for the product or service or an amount substantially all of which is calculated by reference to the volume of sales, and payment of the compensation is either contingent upon the Company receiving payment from an unrelated customer for the product or services or, if applied consistently to all similarly situated service providers, is contingent upon the closing of the sales transaction and such other requirements as may be specified by the Company before the closing of the sales transaction.
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Examples of Sales Commission Compensation in a sentence

  • Affiliate Marketer shall receive commissions and other compensation solely in accordance with the Sales Commission Compensation Agreement, attached as Exhibit A, which exhibit is incorporated as if set forth fully herein.

  • 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.

  • For purposes of the deferral election timing rules under Section 409A, an Eligible Participant earning Sales Commission Compensation shall be deemed to provide the services to which such Sales Commissions relate in the Taxable Year in which the customer remits payment to the Corporation.