Commission Splits Sample Clauses
The Commission Splits clause defines how commissions earned from a transaction or series of transactions will be divided among the involved parties. Typically, this clause specifies the percentage or fixed amount each party is entitled to, and may outline the timing and method of payment. By clearly allocating the distribution of commissions, this clause helps prevent disputes and ensures all parties understand their financial entitlements.
POPULAR SAMPLE Copied 3 times
Commission Splits. 20% of commission for Representative where the purchase order originates, 50% of commission for Representative providing the engineering (may be split); 30% of commission for Representative where the Product is delivered. Provision for Revision: The Commission schedule outlined herein may be revised from time to time at the sole discretion of the Manufacturer by providing thirty (30) days written notice of such revision to the Representative. SCHEDULE B-2 Open Path Systems Model Description 2000 DOAS: Ambient and Open Path Monitoring Systems Commission for Open Path Systems DOAS Product Amount of Commission The following Commission Schedule will apply to all Orders for Open Path Systems. Commission will be paid on shipments only.
a. On Sales at Full List Price 15%
b. On Sales of Options and Spare Parts 10% Discounted Price versus Commission If price discounts are offered, the discounted price will be determined after consultation between the Representative and Manufacturer. The Manufacturer will, in all instances, decide on the discount to be offered and the price to be quoted. When a discount is offered, the Representative and Manufacturer will share on an equal basis the percentage deduction in selling price from the full List Price. (See table below for examples.) Full List Price Manufacturer Representative Representative's Commission Rate ---------------- --------------------- ------------------------ ---------------------------- 4% 2% 2% 13% 6% 3% 3% 12% 8% 4% 4% 11% 10% 5% 5% 10% 12% 6% 6% 9% 20% 10% 10% 5% Discounts beyond 20% will have minimum 5% commission.
1. Discounts other than those shown will be shared in a similar manner to those above.
2. Minimum commission will be 5% (five percent) from List Price).
Commission Splits. 20% of commission for Representative where the Purchase Order originates, 50% of commission for Representative providing the engineering (may be split); 30% of commission for Representative where the Product is delivered. Provision for Revision: The commission schedule outlined herein may be revised from time to time at the sole discretion of the Manufacturer by providing thirty (30) days written notice of such revision to the Representative. SCHEDULE E-1 Commission for Total Solutions Packaged Systems All Industries except Pulp & Paper, and Wood. The following commission schedule will apply to all orders for Total Solutions/Packaged Systems.Commission will be paid on shipments only as follows:
a. Eight percent (8%) will be paid on all TEI manufactured/integrated Total Solutions/Packaged Systems based on NET Sales.
b. No commission will be paid to the Representative on systems sold to the International Community when projects are initiated through any Architectural and Engineering (A&E) Firm. SCHEDULE E-2 Commission for Total Solutions Packaged Systems Pulp & Paper, and Wood Industry The following commission schedule will apply to all orders for Total Solutions/Packaged Systems.Commission will be paid on shipments only as follows:
c. Eight percent (8%) will be paid on all TO manufactured / integrated Total Solutions Packaged Systems based on NET Sales.
Commission Splits. (a) CFM may nominate for the Commission payment for a Product to be split between up to four (4) bank accounts.
(b) Where a bank account in 9.5(a) is not an account owned by CFM or Associate Member, then CFM is responsible for providing a Recipient Created Tax Invoice for the recipient of such funds.
Commission Splits a. One hundred (100) percent commission will be paid to Agent
b. $0.00 desk fees
c. $0.00 management fees
Commission Splits. EXPERT MORTGAGE Brokers & Agents There will be no other ongoing “administrative” fees, such as “desk fees”, cost for errors & omissions insurance, or cost for credit inquiries.
Commission Splits. LISTING BROKERS USUALLY COOPERATE WITH OTHER BROKERAGE FIRMS BY SHARING INFORMATION ABOUT THEIR LISTINGS AND OFFERING TO PAY PART OF THEIR COMMISSION TO THE FIRM THAT PRODUCES A BUYER. THIS IS GENERALLY REFERRED TO AS THE"COMMISSION SPLIT". SOME LISTING BROKERS OFFER TO PAY COMMISSION SPLITS OF A PORTION OF THE GROSS COMMISSION, USUALLY EXPRESSED AS A PERCENTAGE OF THE SELLING PRICE, LESS A SIGNIFICANT DOLLAR AMOUNT. OTHER LIST ING BROKERS OFFER A PORTION OF THE GROSS COMMISSION LESS ONLY A MINI MAL LISTING FEE OR LESS ZERO. THE AMOUNT OF COMMISSION SPLIT YOUR BROKER OFFERS CAN AFFECT THE EXTENT TO WHICH YOUR PROPERTY IS EXPOSED TO PROSPECTIVE BUYERS WORKING WITH LICENSEES FROM OTHER BROKERAGE FIRMS. ON THIS LISTING, THE BROKER IS OFFERING A COMMISSION SPLIT OF _ _ MINUS _ _TO POTENTIAL COOPERATING BROKERS. IF YOU FEEL THAT THIS MAY RESULT IN YOUR PROPERTY RECEIVING LESS THAN MAXIMUM EXPOSURE TO BUYERS, YOU SHOULD DISCUSS THOSE CONCERNS WITH THE LISTING SALESPERSON OR HIS/HER SUPERVISING BROKER. BY SIGNING THIS LISTING AGREEMENT THE OWNER(S) ACKNOW LEDGE HAVING READ THIS STATEMENT ON COMMISSION SPLITS.
Commission Splits. For the calendar year, full time agents will receive the following for consummated sales of residential and/or commercial properties. This does not apply to rental commissions or new developments exclusively represented by BROKER. These splits apply from the date closed forward and are not retroactive. Gross commission is defined as commission actually received minus referral fees or commissions paid to co-brokers. The schedule is on a calendar year basis, and closing dates will determine the appropriate amount of commission. The incentive schedule applies to all monies earned for the company, including exclusive listing commissions and referrals. These commissions are subject to applicable listing fees. All referral commissions and fees to the outside will be charged off the top of each gross commission. Any agent-to-agent referral fee within BROKER will be deducted from the agent’s portion of the commission only. Cash incentives or bonuses paid by the buyer or seller are considered to be part of the gross commission. A cash incentive or bonus is any money received in excess of the standard percentage charged by the company and any other fees received in the course of business. If an agent ends the calendar year at a 55%, 60%, 65% or 70% split level, he/she will revert backwards 5% at the beginning of the next calendar year. Initial For example: ● To begin the year 2011 on a 55% split, an agent’s gross commissions must be at least $225,000 in the prior year. ● To begin the year 2011 on a 60% percent split, an agent’s gross commissions must be at least $300,000 in the prior year. ● To begin the year 2011 on a 65% split, an agent’s gross commissions must be at least $395,000 in the prior year. Incentive splits will be paid on all monies brought into the company by an agent.
Commission Splits. 20% of commission for Representative where the Purchase Order originates; 50% of commission for Representative providing the engineering (may be split); 30% of commission for Representative where the Product is delivered.
Commission Splits. Listing brokers usually cooperate with other brokerage firms by sharing information about their listings and offering to pay part of their commission to the firm that produces a buyer. This is generally referred to as The “COMMISSION SPLIT". Listing brokers offer to pay a commission splits of the gross commission, usually expressed as a percentage of the selling price. By signing this agreement, the seller acknowledge having read the statement on commission splits. The amount of $ which represents percent of the total commission for the Listing ( ) Selling/Renting ( ) Broker of the above property. Payable to The Listing Broker agrees that the Commission may be shared with any Broker who assists Listing Broker in causing a sale, rental, exchange or transfer of the Property.
Commission Splits. The Mentor will be liable for 10% of the Interns share of commission earn on all their successful transfer, by any sale or referral done by the Intern Agent during the agreement period under the Mentor.