Common use of Allocation of Commissions Clause in Contracts

Allocation of Commissions. The Executive acknowledges and agrees that the sales commission amount described in subsections (a), (b), and (c), above, represents the total amount of sales commissions which are payable with respect to the service or product described in that subsection, and that the sales commission amount may be allocated by the Company among all of the salespersons participating in the sales effort to that employer or customer. The Chief Executive Officer of the Company shall have the authority to allocate the sales commission amount in any manner such officer deems appropriate, in his reasonable discretion. In the event of any dispute regarding the allocation by the Chief Executive Officer of the sales commission amount, such dispute shall be referred to, and resolved by, the WCH Board, whose determination shall be binding and conclusive on all parties.

Allocation of Commissions. The Executive Employee acknowledges and agrees that the sales commission amount described in subsections (a), (b), and (c), above, represents the total amount of sales commissions which are payable with respect to the service or product described in that subsection, and that the sales commission amount may be allocated by the Company among all of the salespersons participating in the sales effort to that employer or customer. The Chief Executive Officer of the Company shall have the authority to allocate the sales commission amount in any manner such officer deems appropriate, in his reasonable discretion. In the event of any dispute regarding the allocation by the Chief Executive Officer of the sales commission amount, such dispute shall be referred to, and resolved by, the WCH BoardCommittee, whose determination shall be binding and conclusive on all parties.