Commissions and Bonuses Sample Clauses

Commissions and Bonuses. Sellers and Buyer agree that Employees of the Business who become Transferee Employees will continue under the applicable commissions or bonus compensation policy of Seller through July 2, 1999. Buyer shall use commercially reasonable efforts to cooperate with Sellers in preparing the necessary sales and business performance data required to calculate such commissions or bonuses for performance during such period. Payment of such bonuses will be allocated between Sellers and Buyer on the basis of time of ownership of the unit for the applicable period for which the bonus is being paid. Sellers will use commercially reasonable efforts to forward such payments to such Transferee Employees as soon as possible, and Sellers shall invoice Buyer for its allocated share of such payments. Commissions with respect to shipments prior to the Closing Date and which were not accrued for in the Final Closing Balance Sheet will be paid by Sellers; all other commissions will be paid by Buyer.
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Commissions and Bonuses. (i) Deutsche Bank and the Sellers shall pay to all Transferred Employees, and remain solely responsible for, all commissions, bonuses (including all bonuses for a prorated portion of calendar year 2002) and other remuneration accrued through midnight on the Closing Date, and shall indemnify and hold Purchaser and its Affiliates harmless for all such amounts. To the extent that the Closing Date occurs prior to the date on which Deutsche Bank, the Sellers and the DB Entities pay annual bonuses in respect of calendar year 2002 (the “2002 Bonus”) to their employees generally, (A) the ratio of the bonus pool for the Business to the aggregate bonus pool for the Global Transaction Banking (“GTB”) division of Deutsche Bank and the Global Technology Operations (“GTO”) division of Deutsche Bank (the “Ratio”) for calendar year 2002 will be substantially the same as the Ratio for calendar year 2001, subject to equitable and proportionate adjustments in such Ratio due to increases or decreases in the GTB or GTO employee population and in the employee population of the Business Employees; (B) Deutsche Bank and the Sellers shall determine, in their sole discretion, those Transferred Employees who are eligible for a 2002 Bonus payment and the amount of each such payment; and (C) subject to clauses (1) through (3) below, Purchaser shall pay through Purchaser’s or its Affiliate’s payroll the 2002 Bonus on or before March 31, 2003 to the Transferred Employees in accordance with the directions provided by Deutsche Bank, provided that (1) the requested date of payment is not less than fifteen (15) Business Days following the Closing Date and Purchaser has run at least one payroll in each Transferred Employee employment location since the Closing Date, (2) Deutsche Bank and the Sellers have previously transferred the aggregate amount of such 2002 Bonus payments and all applicable tax and social withholding obligations, including the employer portion of such obligations, to an account of Purchaser, and (3) Purchaser has notice of not less than ten (10) Business Days that its assistance in making such payments is required. Notwithstanding anything contained herein to the contrary, Deutsche Bank and the Sellers shall pay any Transferred Employee who has a guaranteed 2002 Bonus such guaranteed amount and shall indemnify and hold Purchaser harmless for any claims of a Transferred Employee in respect of any 2002 Bonus guarantee. With respect to Italian Employees, the payment of any “...
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Commissions and Bonuses. Buyer shall have no responsibility or liability for any amounts earned under profit-sharing, commission or bonus compensation plans and policies of Seller through the Closing Date, including any such profit-sharing, commissions or bonuses that depend on performance during a period that would end after the Closing Date.
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Commissions and Bonuses. Employee shall be eligible to receive commissions and annual bonuses in accordance with the incentive compensation plan that will be jointly developed between Employee and TACT.
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Commissions and Bonuses. 4.1 Rideshare
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Commissions and Bonuses. 8.1 The Dealer shall be entitled to Commissions and bonuses on the terms set out in Schedule 1, or as otherwise specified by the Distributor. The Distributor reserves the right to alter the Commission rates and payments at any time. 8.2 If payment of any sum payable to the Dealer is not made on or before the due date, the Dealer shall inform the Distributor and if payment is not made within 7 days the dealer will be entitled to charge simple interest thereafter on such sum at the rate of one per cent per annum above the base rate of The Royal Bank of Scotland plc from time to time. Such right shall be the Dealer’s sole and exclusive remedy. The Dealer acknowledges such a remedy is substantial. 8.3 Where the parties agree that the Distributor can be the self-xxxxxx in respect of Commission and/or bonuses, the Distributor shall issue invoices on the Dealer’s behalf in respect of the Commission and/or bonuses. In these circumstances, the Dealer confirms that it shall not issue VAT invoices in respect of Commission and/or bonuses due to the fact the Distributor will be self-billing. For the avoidance of doubt, the Distributor shall not self-bill upon the cessation of the Dealer’s right to receive Commission and bonuses. The Dealer undertakes to inform the Distributor promptly in writing in the event of any change, reissue or cancellation of its VAT number or a transfer of any part of the Dealer’s business as a going concern. 8.4 The Distributor may at any time withhold payment of, or make any deduction from any liability of the Dealer which is owed (or is alleged to be owed) to the Distributor and/or any member of the Distributor’s Group (however arising and whether such liability is present or future, liquidated or unliquidated) against any liability of the Distributor and/or any member of the Distributor’s Group to the Dealer (however arising and whether such liability is present or future, liquidated or unliquidated) whether such liability is under this Agreement or any other agreement between any member of the Distributor’s Group and any member of the Dealer’s Group or pursuant to any other cause of action which any member of the Distributor’s Group has.
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Commissions and Bonuses 
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Related to Commissions and Bonuses

  • Commissions and Fees Pentegra has not incurred any obligation for any finder's, broker's or similar fees in connection with the transactions contemplated hereby.

  • COMMISSIONS AND EXPENSES 15.1 The Issuer agrees to pay to the Agent such fees and commissions as the Issuer and the Agent shall separately agree in respect of the services of the Paying Agents under this Agreement together with any out of pocket expenses (including legal, printing, postage, fax, cable and advertising expenses) incurred by the Paying Agents in connection with their services. 15.2 The Agent will make payment of the fees and commissions due under this Agreement to the other Paying Agents and will reimburse their expenses promptly after the receipt of the relevant moneys from the Issuer. The Issuer shall not be responsible for any payment or reimbursement by the Agent to the other Paying Agents.

  • PENSIONS AND ANNUITIES 1. Subject to the provisions of paragraph 2 of Article 19, pensions and other similar remuneration paid to a resident of a Contracting State in consideration of past employment and any annuity paid to such a resident shall be taxable only in that State. 2. The term "annuity" means a stated sum payable periodically at stated times during life or during a specified or ascertainable period of time under an obligation to make the payments in return for adequate and full consideration in money or money's worth.

  • Other Compensation and Fringe Benefits In addition to any executive bonus, pension, deferred compensation and long-term incentive plans which the Company or an affiliate of the Company may from time to time make available to the Employee, the Employee shall be entitled to the following during the Employment Term: (a) the standard Company benefits enjoyed by the Company’s other top executives as a group; (b) medical and other insurance coverage (for the Employee and any covered dependents) provided by the Company to its other top executives as a group; (c) supplemental disability insurance sufficient to provide two-thirds of the Employee’s pre-disability Annual Base Salary; (d) an annual incentive bonus opportunity under the Company’s annual incentive plan (“Annual Bonus Plan”) for each calendar year included in the Employment Term, with such opportunity to be earned based upon attainment of performance objectives established by the Committee (“Annual Bonus”). The Employee’s target Annual Bonus under the Annual Bonus Plan shall be no less than 150% of the Employee’s Annual Base Salary (collectively, the target and maximum are referred to as the “Annual Bonus Opportunity”). The Employee’s Annual Bonus Opportunity may be periodically reviewed and increased (but not decreased without the Employee’s express written consent) at the discretion of the Committee. The Annual Bonus shall be paid no later than the March 15th first following the calendar year to which the Annual Bonus relates. Unless provided otherwise herein or the Board determines otherwise, no Annual Bonus shall be paid to the Employee unless the Employee is employed by the Company, or an affiliate thereof, on the Annual Bonus payment date; and (e) participation in the Company’s equity incentive plans.

  • Cash Bonuses The Chief Executive Officer shall determine the Executive’s right to receive cash bonuses. Cash bonuses shall be awarded annually based upon the Executive’s and the Company’s annual performance pursuant to the Company’s policy. 5.

  • Bonuses Executive shall be entitled to participate in discretionary bonuses or other incentive compensation programs that the Company and the Bank may award from time to time to senior management employees pursuant to bonus plans or otherwise.

  • Brokers' Fees and Commissions Neither the Purchaser nor any of its officers, partners, employees or agents has employed any investment banker, broker, or finder in connection with the transactions contemplated by the Primary Documents.

  • Underwriting Commissions, Concessions and Discounts The Underwriters’ discounts and commissions, the concessions that the Underwriters may allow to certain dealers, and the discounts that such dealers may reallow to certain other dealers, each expressed as a percentage of the principal amount of the Notes, shall be as follows: [Class ] % % % [Class ] % % % [Class ] % % % [Reimbursement of Expenses: The Underwriters shall reimburse the Bank for an amount not to exceed $ for application towards expenses.]

  • Other Compensation and Benefits Except as may be provided under this Agreement, any benefits to which Executive may be entitled through the date of Executive’s termination pursuant to the plans, policies and arrangements referred to in Section 4(d) shall be determined and paid in accordance with the terms of such plans, policies and arrangements, and except as otherwise provided by this Agreement, Executive shall have no right to receive any other compensation, or to participate in any other plan, arrangement or benefit, with respect to future periods after such termination or resignation.

  • Commission Payments In consideration of the award of this Framework Agreement and the management, marketing and administration by the Authority of the overall contractual structure and associated documentation Contracted Customers will pay the Customer Commission to the Authority. The Supplier shall, unless the Authority notifies the Supplier that the Contracted Customers shall pay the Authority directly, collect the Customer Commission from the relevant Customers and then pay such Customer Commission to the Authority. The Supplier shall invoice each Contracted Customer each Month under the terms of this Framework Agreement and Customer Contracts. The Supplier shall submit to the Authority, on or before the fifth Day of each such Month or such other Day as is notified to the Supplier by the Authority a statement of the total Commission included in invoices to Contracted Customers under all Customer Contracts in the previous Month (“Monthly Statement”). The Parties may agree (such agreement not to be unreasonably withheld or delayed by the Supplier) alternative arrangements for Monthly Statements, including Monthly Statements based on an estimate of the Commission to be recovered under Customer Contracts (with periodic reconciliation against actuals). On receipt of the Monthly Statement the Authority may submit an invoice (“Commission Invoice”) to the Supplier (at its nominated address for invoices) in respect of the Commission set out in that Monthly Statement (“Commission Due”). The Commission Due, as set out in each Commission Invoice, shall be paid by the Supplier to the Authority within twenty (20) Working Days of the date of issue of the Commission Invoice (“Due Date”). Each Commission Invoice shall include Value Added Tax on the Commission Due at the rate and in the manner prescribed by Law from time to time. The Authority shall pay to HMRC an amount equal to any such Value Added Tax. If the Supplier does not pay the Commission Due by the Due Date, the Authority may charge the Supplier interest at a rate of three percent (3%) over LIBOR, as the same may vary from time to time, from the Due Date until such time as the Commission Due is received by the Authority. The Supplier shall be liable to the Authority for all direct costs incurred in collecting any Commission Due from the Supplier. If the Supplier disputes in good faith any Commission Invoice the Supplier shall pay any undisputed amount on or before the Due Date. The Supplier shall give the Authority notice of the amount in dispute and the reasons for the dispute as soon as reasonably practicable. The Parties shall seek to settle the disputed amount as soon as reasonably possible. If the Parties fail to resolve the disputed amount within twenty (20) Working Days of receipt by the Authority of the notice referred to in Clause 5.5, the matter shall be a Dispute and shall be settled in accordance with the Dispute resolution mechanism set out in Clause 16. Any adjustment payment required to be made in accordance with the resolution or determination of a Dispute under Clause 16 shall be made within three (3) Working Days of that resolution or determination.

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