Commission Compensation Sample Clauses

Commission Compensation. As compensation to the Agent, in full, for the performance of services as authorized in the Contract, MFG will pay commissions as set forth in the attached Schedules of Commissions. The rate of commissions may be changed, altered or amended from time to time by MFG, and effective upon any business written by the Agent subsequent to the effective date of the change. The Agent will receive at least ten (10) days prior written notice of any change in the Schedule of Commissions. Commissions are calculated on the basis of the commission rate on the effective date of the policy and of original commissionable policy premium, unless the commissionable policy premium is decreased, at which time commission will be paid on the decreased premium. Commissions are not payable on administrative fees or policy application fees. In the event MFG’s commissions on any in-force premium are reduced, commissions to the Agent on the same in-force premium may be reduced in the same proportion. If commissions on any premiums must be refunded by MFG to the COs, the Agent shall repay to MFG corresponding commissions that may have been previously paid to the Agent. Commission advances are at the sole discretion of MFG, and may be changed at any time by MFG without prior notice. Each advance paid to the Agent will be charged (debited) to the Agent’s account, and MFG will credit the Agent’s account with all commissions earned by the Agent. The Agent who receives commission advances from MFG may not market directly or indirectly the same or similar product through other commission sources within the same insurance company.

Commission Compensation. As compensation for the services rendered by Independent Contractor under this Agreement, the Independent Contractor shall be entitled to commissions on sales as follows: A. The Independent Contractor shall be entitled to 70% (commission share) of the Gross Commissions received by the Travel Agency for sales of travel or services by the Independent Contractor. All expenses relating to these sales shall be borne by the Independent Contractor. Payment shall be made to Independent Contractor within two weeks after completion of travel by client unless supplier has not paid the commission to the Travel Agency in this length of time. Otherwise, they shall be paid to the Independent Contractor after clear funds have been received by the Travel Agency. Independent Contractor shall also be entitled to 70% of the Gross Commissions, if they are booking for their own travel. Independent Contractor agrees not to share or publish their commission share. B. Travel Agency is entitled to see what bookings are being made in the name of the Travel Agency, so Independent Contractor may also have suppliers email confirmations sent directly to them, but Travel Agency does not permit the Independent Contractor to “Change” the E-Mail address that is in the Travel Agency profile with suppliers. Independent Contractor shall not conduct travel business outside of Travel Agency or their registered suppliers for commission. Independent Contractor may use third party travel companies when not being compensated.

Commission Compensation. Unless the parties mutually agree to amend and extend the Term of this Agreement or enter into a new Consulting Services Agreement upon mutually agreeable terms, Client will pay Catalyst a Three and One Half percent (3.5%) commission fee based on the Net Revenues for any particular Transaction entered into with any Enterprise Target which has been accepted by Client during the term of this Agreement or within 3 months after Termination. The Commission shall apply to specific Opportunities identified by Catalyst plus “joint effort” Enterprise Targets agreed upon by Client and Catalyst, All commissions are due and payable thirty (30) days after Client receives a payment giving rise to the commission obligation from the Enterprise Target. The “Net Revenue” means the amount actually received by Company from a Transaction with an Enterprise Target, less returns credits, allowances, adjustments, freight, taxes, insurance, and the value of any swap or trade-in products.

Commission Compensation. This Agent Compensation Schedule sets out the terms of payment of Compensation under the GK Agreement. In the event of any discrepancy between the terms of this Schedule and the Agreement, the Agreement shall prevail. Compensation is subject to change when changes are made by GK to its Financial Services programs.

Commission Compensation. Commission representatives shall be compensated at a rate established in the annual LAFD budget. Elected officials appointed to the Fire Commission are ineligible for compensation pursuant to state statute.

Commission Compensation. As compensation to the Agent, in full, for the performance of services as authorized in the Contract, PPI will pay commissions as set forth in the attached Schedules of Commission. Since the PPI and CO’s may choose to modify their commission agreements annually (or at other times), the rate of commissions may be changed, altered or amended from time to time by COs, and effective upon any business written by the Agent subsequent to the effective date of the change or as the COs may require. Typical reasons for a commission adjustment would be: an increase of commission due to higher production, a CO modification of commissions, an increase of commission to accommodate the recruiting of downline agents/agencies, or a modification (increase or decrease) based on a change from the insurance company commission schedule to PPI, or a reduction of commission based on exceptionally low sales production based on sales expectations provided by the Agent when they acquired their desired level of compensation. Commissions are calculated on the basis of the commission rate on the effective date of the policy in the original commissionable policy premium (or per member per month rates), unless the commissionable policy premium/rate is decreased, at which time commission will be paid on the decreased premium/rate. Commissions are not payable on administrative fees or policy application fees unless specified by the CO. In the event that PPI’s commissions on any in-force premium are reduced, commissions to the Agent on the same in-force premium will be reduced in similar proportion. If commissions must be refunded by PPI to the COs, the Agent shall repay to PPI corresponding commissions that may have been previously paid to the Agent or sub agents. Commission advances are the sole discretion of PPI and may be changed at any time by PPI without prior notice. Each advance paid to the Agent will be charged (debited) to the Agent’s account, and PPI will credit the Agent’s account with all commissions earned by the Agent. A debit balance in arrears owed to PPI or an Insurance Cos may be retained from other commissions earned by a separate Insurance company in order to repay the debit balance. The Agent and any/all affiliates may not market directly or indirectly the same or similar product through other commission sources within the same insurance company.

Commission Compensation. In addition to Annual Salary, the Employee ----------------------- shall receive commissions ("Commission Compensation") equal to __% of all revenue (the "Commission Rate") earned by the Company or ORC from clients originated by the Employee, payable quarterly. Neither the Employee's Commission Rate nor the basis upon which Commission Compensation is paid, shall be reduced or changed in a manner adverse to Employee during the term of this Agreement.

Commission Compensation. Consultant is eligible to receive commission compensation based on “Transactions” (defined below) entered into between the Company and an “Eligible Contact” (defined below) related to the Property and/or “Other Properties” (defined below). The term “Transactions” or “Transaction” as used herein refers to the entry by the Company into an agreement or transaction that results in the Company acquiring by lease or purchase a working, royalty, or other ownership interest in any mineral lease or other real property on which minerals are capable of being exploited, or the Company selling or leasing such an interest to a third party for value, including by way of example, any sales agreements, purchase contracts, and mineral leases.

Commission Compensation. The Executive will be eligible to participate in the Company’s annual sales commission plan (the “Commission Plan”). The Executive’s annual target commission will be $________, based on bookings targets established by the Compensation Committee and/or CEO and other metrics as mutually agreed upon by the Executive and the CEO, within the broader terms of the Commission Plan. The Executive’s annual target commission for fiscal year 2014 shall be prorated based on the Effective Date of this Agreement. Further details of the Commission Plan will be provided separately as soon as practicable after the Effective Date, as well as for each year Executive participates in the Commission Plan. The Commission Plan may be revised at the discretion of the Company at any time.]

Commission Compensation. 3.1 The Agent shall be entitled to the commission (compensation) set forth on Schedule 3.1, on all net sales. 3.2 For the purposes of this Agreement, net sales shall be defined as the price actually charged to the customers less the sum of all sales or value added tax, discounts, returns, credits, advertising promotional allowances, rebates, test orders and collection fees (including all attorney's fees, costs and disbursements).