Common use of BROKER’S COMPENSATION Clause in Contracts

BROKER’S COMPENSATION. a. Subject to the limitations specified herein, upon the acceptance and enrollment of a Broker Party into a CARExpress program, Broker shall be entitled to receive compensation in the amounts designated on the payment schedule attached hereto as EXHIBIT B (the "Payment Schedule"). Notwithstanding the foregoing, Broker shall not be entitled to receive any compensation from CARExpress unless and until (i) Broker has provided written notice to CARExpress which identifies the particular person, entity, group account or marketing sponsor claimed by Broker as being a Broker Party (such notice referred to herein as the "Broker Party Identification Notice"); and (ii) CARExpress has received all information requested on the Membership Form from an identified Broker Party and CARExpress has received the applicable Membership Payment from such Broker Party; and (iii) CARExpress has approved the applicant Broker Party for membership in the applicable CARExpress program. As a condition to CARExpress's obligation to compensate Broker, Broker must provide CARExpress with the applicable Broker Party Identification Notice on or before the expiration of thirty (30) days following the date on which the Broker Party submits his/her/its Membership information and Membership Payment to CARExpress. Broker's failure to timely submit the applicable Broker Party Identification Notice shall void CARExpress's obligation to compensate Broker for the applicable Broker Party's acceptance and enrollment into a CARExpress program as well as any renewals of such Broker Party's membership.