Common use of Commission Entitlement Clause in Contracts

Commission Entitlement. Notwithstanding anything contained herein, no Commissions shall be considered earned and due to DISTRIBUTOR under any circumstances with respect to: (i) any sales to Direct Account or to any other account from which DISTRIBUTOR is not authorized by GCT to solicit orders; or (ii) any payments obtained through engagement by GCT of any attorney or collection agency; or (iii) any Customer orders submitted to GCT; or (iv) any Customer orders submitted to GCT or its authorized distributors by DISTRIBUTOR prior to termination of this Agreement but which are not shipped to the Customer within the three (3) month period following the effective date of termination of this Agreement; (v) any sales made to DISTRIBUTOR, to DISTRIBUTOR employees, or to any other entity in which DISTRIBUTOR or any of its principals has any ownership or other financial interest; or (vi) any orders or portions thereof to which GCT is obligated to pay the Commissions to any other sales representatives.

Appears in 4 contracts

Samples: International Distribution Agreement (GCT Semiconductor Inc), International Distribution Agreement (GCT Semiconductor Inc), International Distribution Agreement (GCT Semiconductor Inc)

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