Catering Commission Clause Samples
The Catering Commission clause defines the terms under which a commission is paid to a party, typically an agent or intermediary, for securing catering services or clients. This clause outlines the percentage or amount of commission, the timing of payments, and any conditions that must be met for the commission to be earned, such as successful completion of an event or receipt of payment from the client. Its core function is to ensure transparency and agreement on compensation for services rendered in facilitating catering arrangements, thereby preventing disputes over payment and clarifying the financial expectations of all parties involved.
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Catering Commission. Company shall separately account and report all on-site and off-site catering and shall pay a commission of % on such gross sales.
Catering Commission. In consideration for the License granted herein, Operator shall pay City ten percent (10%) of Net Receipts for Food and Beverage Services provided during catering events by Operator for events held at the VC, except for City or Como Friends sponsored events for which the City or Como Friends has received a discounted price. Net Receipts shall be determined for every year during the Term of this Agreement individually and shall not cumulate to any previous determinations of prior years. Catering Commissions due to City from Operator shall be made monthly upon Operator's determination of Net Receipts for the month provided that such calculation shall occur within twenty (20) business days following the end of each calendar month. A statement of Net Receipts shall be provided to City with each payment.