Common use of Allocation of Commissions Clause in Contracts

Allocation of Commissions. The Employee acknowledges and agrees that the "25%" sales commission amount described in (a) and (b), above, represents the total amount of sales commissions which are payable with respect to any CMI Employer or CHS Employer, as the case may be, and that the 25% sales commission amount may be allocated by the Company among all of the salespersons participating in the sales effort to the CMI Employer or CHS Employer, as the case may be. The Chief Executive Officer of CMI or CHS, as the case may be, shall have the authority to allocate the 25% 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 25% sales commission amount, such dispute shall be referred to, and resolved by, the Compensation Committee of Health Power, whose determination shall be binding and conclusive on all parties.