Commission Payable Clause Samples
The 'Commission Payable' clause defines the obligation of one party to pay a specified commission to another party, typically in connection with a sale, referral, or successful completion of a transaction. It outlines the conditions under which the commission becomes due, such as upon receipt of payment from a client or completion of a service, and may specify the percentage or amount to be paid, as well as the timing and method of payment. This clause ensures that the party entitled to the commission is compensated fairly and transparently, reducing the risk of disputes over payment and clarifying the financial arrangements between the parties.
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Commission Payable. The commission shall be payable when title passes.
Commission Payable. The commission split shall be as follows: UK Sales - Editorial sales shall be 50/50 with 50 per cent of gross sales payable to the photographer. In the event that Commercial sales are cleared the split shall be the same. Overseas Sales - Editorial sales shall be 50/50 with 50 per cent of net sales payable to the photographer. In the event that Commercial sales are cleared the split shall be 50/50 with 50 per cent of net sales payable to the photographer. Agent agrees to report to the Photographer bi-monthly, once the balance of commission outstanding exceeds the minimum level set from time to time (currently £60), on the last day of the month. The report will detail the amounts received by the Agent in the preceding two months, with respect to all licenses of usage rights within the Territories, namely “the collection report”. For example, the report dated 31 March will represent cash received in January and February.
Commission Payable. 4.1 The Operator agrees to pay to AVS a minimum commission of 12% for online bookings or 15% for manual bookings as is agreed between the parties calculated on the gross value of the booking. The Operator agrees that AVS may deduct the commission due to it on the sale from the monies paid by the Visitor upon completion of the booking and the funds being banked and cleared. The Balance monies shall then be forwarded to the Operator as is hereinafter provided for.
4.2 To qualify for 12% online commission the Operator must maintain their own online calendar through Bookeasy. If this calendar is not maintained by the Operator then bookings made by AVS will be treated as manual and the rate of commission will be 15%.
4.3 An Operator may opt to host an Affiliate Booking Engine link on its website (as per Clause 5.4); Five percent commission will be paid to the Operator on any bookings made via the hosted link.
Commission Payable. Owner shall pay you a commission equal to a Procurement Fee (“Procurement Fee") equal to the first full months “gross” rental payable by Tenant under the Amendment for any additional space leased pursuant to the Amendment and subsequent space leased prior to the Effective Date that exceeds 137,868 rentable square feet. Landlord shall also pay you a commission equal to the product of Aggregate Rent (as defined on Attachment I hereto) less the Procurement Fee payable during the Extension Term, times four percent (4%). Aggregate Rent shall be calculated in accordance with Attachment I.
Commission Payable. Choose an option: Procurement Commission (all inclusive) Once Off Payment: Refer to services in Point 3 of this Agreement 8% of Contract Amount Management Commission (all inclusive) Monthly Payments: Refer to services in Point 4 of this Agreement 10% Sales Commission (all inclusive) Should the property be sold to the Tenant 6%
Commission Payable. Subject to clause 4.2, Paradigm must pay to the Advisor the Commission calculated in the way and at the times set out in Annexure A.
Commission Payable. An amount equal to 3.5% (three and a half percent) of the Contract Price, together with attributable VAT payable as provided for in clause 16 below.
Commission Payable. FirstBingo shall be under no obligation to pay to ▇▇▇▇▇▇▇ ▇.▇. any respect of the execution of a Licence and Trademark commission or payment to ▇▇▇▇▇▇▇ ▇.▇. in respect User Agreement by a Licensee. Any payments to be received by ▇▇▇▇▇▇▇ ▇.▇. will be negotiated by ▇▇▇▇▇▇▇ ▇.▇. directly with the Licence,
Commission Payable. Out of the applicants fulfilling the eligibility conditions, the candidate(s) who opts for the least commission (on the 4% commission slab) shall be selected for appointment.
Commission Payable. (a) The Commission will become payable by XHJ Pty Ltd as soon as Exchange occurs in the following instalments, subject to change from time to time:
(i) 50% of Commission on Exchange; and
(ii) balance of Commission on Settlement.
(b) Within 5 Business Days of Exchange the Agent must submit to XHJ Pty Ltd a tax invoice complying with any legislation under which GST is imposed (Tax Invoice) for each of the 2 instalments of the Commission set out in clause 6.2(a).