Bonuses and Commissions. Employee shall be entitled to certain bonuses and commissions as set forth on Exhibit A hereto;
Bonuses and Commissions. (a) The Executive shall also receive from the Effective Date of this Agreement:
(1) a commission bonus of $10,000 for each transaction brought to Summus by Executive that the Company receives a gross profit of $250,000 from. No funds under this provision of Executive’s employment agreement shall be payable until a gross profit of $250,000 is received by the Company from each such respective transaction.
(2) a commission bonus of three percent (3%) of the gross profit received by Summus from all transactions brought to the Company by Executive and a commission bonus of one percent (1%) of the gross profit received by the Company from all other transactions of the Company brought by personnel under Executive’s supervision. No funds under this provision of Executive’s employment agreement shall be payable to him until funds are received by Summus. Executive shall receive the commission bonus on the transactions as set forth in this Section 5.2 (b)(2) for a period of eighteen (18) months from the launch of each such product related to these transactions arranged by him or by personnel under Executive’s supervision, as the case may be. After such eighteen (18) month period has expired, the commission bonus pursuant to this Section 5.2 (b)(2) shall expire and no longer be payable to Executive. Any funds payable to Executive pursuant to this Section 5.2(b)(2) shall be net of any bonuses earned by Executive pursuant to Section 5.2(b)(1) of this Agreement. For purposes of all of Executive’s commission calculations “gross profit” is equal to revenue received by the Company from such transaction or transactions minus the direct costs and any and all partnership costs associated with such revenues in accordance with generally accepted accounting principles (GAAP).
(b) The Company may consider the Executive for a cash bonus for each fiscal year, or part thereof that he is employed by the Company, in an amount to be determined at the discretion of the Board.
(c) Any cash bonus earned by the Executive pursuant to the provisions of this Section 5.2 or any other provision of this Agreement shall not be paid to the Executive unless and until the Company has achieved a cash flow positive position, which will be certified to the Board of Directors by an executive officer of the Company.
Bonuses and Commissions. 6.1 — Bonus and Commission Qualifications To receive bonuses and commissions in accordance with the Compensation Plan (Essanté Earnings), located online at XxxxxxxXxxxxxxx.xxx, an Associate (Executive) must:
A. Be active and qualified;
B. Be in compliance with the Agreement; and
C. Register and be approved for their choice: Either the Essante Organics Pay Card or Direct Deposit, and accumulate the minimum for each commission load (shown below). USA Pay Card Per Commission Load Minimum: $20.00 USA Auto Deposit (Bank Transfer) Per Commission Load Minimum: $20.00 INTL Pay Card Per Load Commission Minimum: $20.00 INTL Auto Deposit (Bank Transfer) Per Commission Load Minimum: $50.00
6.2.1 - Adjustments for Returned Products Associates (Executives) receive bonuses and commissions based on the actual sales of products to end consumers. When a product is returned to Essanté Organics for a refund (or is repurchased by the Company), the bonuses and commissions originally paid on that sale to the selling Associate (Executive) will be deducted from the selling Associate’s (Executive’s) commissions, in the month in which the refund is given (and continuing every pay period thereafter until the paid commission is recovered in full). In the event any such Associate (Executive) terminates his or her Agreement, the remainder of the outstanding balance may be set off against any amounts owed to the terminated Associate (Executive) pursuant to Section 7.2.
Bonuses and Commissions. 8.1 Commission Earned, Payouts, Minimums And Frequency
Bonuses and Commissions. If the Closing Date occurs in the 2022 calendar year, through the end of 2022, Parent shall continue for the benefit of each Continuing Employee, each Company Benefit Plan that is an annual bonus or annual commission plan in accordance with the terms of each such plan as in effect immediately prior to the Closing Date; provided that bonuses for 2022 shall be paid out under such plan as determined by the Compensation Committee of the Company Board prior to the Closing Date.
Bonuses and Commissions. Executive shall be eligible to participate in Savoy's Bonus Plan and Savoy's Long Term Incentive Compensation Program as may be adopted and approved from time to time by the Board (or a committee or designee thereof).
Bonuses and Commissions. Immediately prior to the Closing Date, Sellers shall make (at no cost or expense to Purchaser) any and all bonus and commission payments owed by Sellers or the Subsidiaries to the Hired Employees for any time period on or prior to the Effective Time.
Bonuses and Commissions. Bonus and Commission Qualifications - Adjustment to Bonuses and Commissions
6.2.1 - Adjustments for Cancelled Services Affiliates receive Bonuses and Commissions based on the actual sales of Products and Services to end consumers. When WOR(l)D issues a refund for cancelled Services, the Bonuses and Commissions attributable to the refunded services will be deducted, in the month in which the refund is given, and continuing every pay period thereafter until the Commission is recovered, from the Affiliates who received Bonuses and Commissions on the sales of the refunded services.
Bonuses and Commissions. Seller shall be responsible for payment to Seller's Employees of any bonuses or commissions attributable to periods of service prior to Closing with respect to any of Seller's Employees, under the terms of any applicable bonus or incentive plan.
Bonuses and Commissions. Except as set forth in Section 3.24 of the Disclosure Schedule, there are not any bonuses or commissions attributable to periods of service prior to Closing with respect to any of Company's employees that will remain due but unpaid at Closing.
