Annual Commission Clause Samples

Annual Commission. For each fiscal year of the Company during the Employment Term, Employee shall be entitled to receive a commission equal to 0.8 percent of the Company's sales (net of returns and discounts), as determined by the Company's accountants, for such fiscal year (the "Annual Commission") (such Annual Commission to be prorated for partial years). The Annual Commission shall be paid by the Company to Employee in fifty-two (52) weekly draws of $1,539.00 each, provided, however, that the Company shall have the right to make quarterly adjustments to the amount of such draws based on the actual sales of the Company. Within thirty (30) days after the completion of the Company's financial statements for each fiscal year or termination of this Agreement, the Company or Employee, as the case may be, shall make the appropriate payment to the other in an amount which the Company's accountants have determined is necessary to adjust for any overpayments or underpayments of the Annual Commission. The Company shall have the right to setoff any amounts owing by Employee to the Company pursuant to this Section against any amounts owing by the Company to Employee, whether pursuant to this Agreement or otherwise. Employee shall have the right from time-to-time to review, inspect and/or audit the books and records of the Company in order to compute and/or verify the Annual Commission owing to Employee pursuant to this Section 3(b).

Annual Commission. For each fiscal year during the Term, the Employee will be entitled to receive a commission (the “Annual Commission”) pursuant to the terms of the Company’s commission plan, as in effect from time to time (the “Commission Plan”). The target commission level shall be 100% of Annual Base Salary (“Target Commission”), with an opportunity to earn up to 150% of Annual Base Salary for performance exceeding the target goals, as set forth in the Commission Plan. Except as provided in Section 7(d) below and in the Commission Plan, payment of any Annual Commission shall be subject to the Employee’s continued employment with the Company through the time of payment. Any Annual Commission shall be paid on a quarterly basis based on quarterly targets agreed to by the Company pursuant to the terms set forth in the Commission Plan.

Annual Commission otherwise provided herein, PSAV shall pay to ANAHEIM a 16 commission based on the following percentage of gross revenue generated by PSAV’s provision 17 of audio-visual services pursuant to this Agreement:

Annual Commission. In addition to the Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual sales incentive commission (the "Annual Commission") in cash at least equal to the Executive's highest annual commission under the Company's annual sales commission plan, or any comparable commission under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized, in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Commission"). Each such Annual Commission shall be paid on a quarterly basis no later than the last day of the month following each calendar quarter end.

Annual Commission. Except as otherwise provided herein, PSAV shall pay to ANAHEIM a commission based on the following percentage of gross revenue generated by PSAV’s provision of audio-visual and rigging services pursuant to this Agreement: i) Twenty-nine percent (29%) of gross revenues, including labor, for all audio- visual and rigging services provided in the Convention Center pursuant to this Agreement on non-national contracted business; and ii) Fifteen percent (15%) of gross revenues, including labor, for all audio-visual and rigging services provided in the Convention Center pursuant to this Agreement on all national contracted business. Within fifteen (15) days of the Effective Date of this Agreement, PSAV shall provide ANAHEIM with a list of all signed agreements for national contracted business for the remainder of calendar year 2014. For each calendar year, thereafter, during the term of this Agreement (including any Extension), PSAV shall provide ANAHEIM with a list of all signed agreements for national contracted business for the calendar year in question on or before the first day of January of each said calendar year. Notwithstanding the foregoing, PSAV shall pay ANAHEIM annual minimum commissions as follows: Year 1 (April 15, 2014 through April 14, 2015): $300,000.00 Year 2 (April 15, 2015 through April 14, 2016): $350,000.00 Year 3 (April 15, 2016 through April 14, 2017): $400,000.00 Each Extension (April 15 through April 14): $400,000.00 (if applicable) Commissions, as set forth herein, shall be payable no later than the twentieth (20th) day of each month during a calendar year based on the previous monthly gross revenues, as that term is defined in Paragraph 14.B below. At the end of each contract year (including any Extension), if PSAV has not paid ANAHEIM commissions in an amount equal to or greater than the minimum commissions set forth above for the applicable year, PSAV shall, within sixty (60) days, pay ANAHEIM the difference between the minimum commissions due ANAHEIM for the applicable calendar year and the amount PSAV actually paid ANAHEIM for that same time period. Late payments will be subject to additional charges of one percent (1%) per month.

Annual Commission. As soon as practicable, but in no event later than April 1 each year, the Company shall calculate the Representative's annual commission for the preceding calendar year (the "Annual Commission") in the following manner: (i) a commission as listed on Exhibit C of the Company's Net Sales in the Territory of Products in the Video Wall Markets for the preceding calendar year; plus (ii) a commission of such percentage of the Company's Net Sales in the Territory of Products in Traditional Markets for the preceding calendar year equal to the Commission Percentage; plus (iii) commissions, at the rates set forth in (i) and (ii) above, for sales of Products in the Markets outside the Territory for the preceding calendar year, which sales are generated by the Representative. If the Annual Commission is greater than the sum on Monthly Commissions paid for the preceding calendar year (the "Aggregate Monthly Commission"), the Company shall, no later than ten (10) business days after such calculation, pay to the Representative the difference between the Annual Commission and the Aggregate Monthly Commission.