Common use of Compensation Formula Clause in Contracts

Compensation Formula. Compensation rates are based upon the volume of Taxes Due from each Volunteer Seller with whom the Contractor agrees to provide CSP services as a CSP. Compensation to the Contractor shall be paid in accordance with the formula set forth below. (a) For the first $250,000 of Taxes Due from each Volunteer Seller to all Member States, Contingent Member States and Associate Member States combined, the Contractor shall be allowed compensation in an amount equal to eight percent (8%) of the Taxes Due. The remainder shall be remitted to the Member States, Contingent Member States and Associate Member States. (b) For Taxes Due from each Volunteer Seller to all Member States, Contingent Member States and Associate Member States combined that exceed $250,000 but total no more than $1,000,000, the Contractor shall be allowed compensation in an amount equal to seven percent (7%) of the Taxes Due. The remainder shall be remitted to the Member States, Contingent Member States and Associate Member States. (c) For Taxes Due from each Volunteer Seller to all Member States, Contingent Member States and Associate Member States combined that exceed $1,000,000 but total no more than $2,500,000, the Contractor shall be allowed compensation in an amount equal to six percent (6%) of the Taxes Due. The remainder shall be remitted to the Member States, Contingent Member States and Associate Member States. (d) For Taxes Due from each Volunteer Seller to all Member States, Contingent Member States and Associate Member States combined that exceed $2,500,000 but total no more than $5,000,000, the Contractor shall be allowed compensation in an amount equal to five percent (5%) of the Taxes Due. The remainder shall be remitted to the Member States, Contingent Member States and Associate Member States. (e) For Taxes Due from each Volunteer Seller to all Member States, Contingent Member States and Associate Member States combined that exceed $5,000,000 but total no more than $10,000,000, the Contractor shall be allowed compensation in an amount equal to four percent (4%) of the Taxes Due. The remainder shall be remitted to the Member States, Contingent Member States and Associate Member States. (f) For Taxes Due from each Volunteer Seller to all Member States, Contingent Member States and Associate Member States combined that exceed $10,000,000 but total no more than $25,000,000, the Contractor shall be allowed compensation in an amount equal to three percent (3%) of the Taxes Due. The remainder shall be remitted to the Member States, Contingent Member States and Associate Member States. (g) For Taxes Due from each Volunteer Seller to all Member States, Contingent Member States and Associate Member States combined that exceed $25,000,000, the Contractor shall be allowed compensation in an amount equal to two percent (2%) of the Taxes Due. The remainder shall be remitted to the Member States, Contingent Member States and Associate Member States. (h) For purposes of Sections D.5 and D.6, the combined Taxes Due from all Member States, Contingent Member States and Associate Member States that will result in a rate adjustment shall include all taxes due from Volunteer Sellers to the State of North Carolina under the separate agreement between the Contractor and the State of North Carolina for the Contractor’s provision of CSP services.

Compensation Formula. Compensation rates are based upon the volume of Taxes Due from each Volunteer Seller with whom the Contractor agrees to provide CSP services as a CSP. Compensation to the Contractor shall be paid in accordance with the formula set forth below. (a) For the first $250,000 of Taxes Due from each Volunteer Seller to all Member States, Contingent Member States and Associate Member States combined, the Contractor shall be allowed compensation in an amount equal to eight percent (8%) of the Taxes Due. The remainder shall be remitted to the Member States, Contingent Member States and Associate Member States. (b) For Taxes Due from each Volunteer Seller to all Member States, Contingent Member States and Associate Member States combined that exceed $250,000 but total no more than $1,000,000, the Contractor shall be allowed compensation in an amount equal to seven percent (7%) of the Taxes Due. The remainder shall be remitted to the Member States, Contingent Member States and Associate Member States. (c) For Taxes Due from each Volunteer Seller to all Member States, Contingent Member States and Associate Member States combined that exceed $1,000,000 but total no more than $2,500,000, the Contractor shall be allowed compensation in an amount equal to six percent (6%) of the Taxes Due. The remainder shall be remitted to the Member States, Contingent Member States and Associate Member States. (d) For Taxes Due from each Volunteer Seller to all Member States, Contingent Member States and Associate Member States combined that exceed $2,500,000 but total no more than $5,000,000, the Contractor shall be allowed compensation in an amount equal to five percent (5%) of the Taxes Due. The remainder shall be remitted to the Member States, Contingent Member States and Associate Member States. (e) For Taxes Due from each Volunteer Seller to all Member States, Contingent Member States and Associate Member States combined that exceed $5,000,000 but total no more than $10,000,000, the Contractor shall be allowed compensation in an amount equal to four percent (4%) of the Taxes Due. The remainder shall be remitted to the Member States, Contingent Member States and Associate Member States. (f) For Taxes Due from each Volunteer Seller to all Member States, Contingent Member States and Associate Member States combined that exceed $10,000,000 but total no more than $25,000,000, the Contractor shall be allowed compensation in an amount equal to three percent (3%) of the Taxes Due. The remainder shall be remitted to the Member States, Contingent Member States and Associate Member States. (g) For Taxes Due from each Volunteer Seller to all Member States, Contingent Member States and Associate Member States combined that exceed $25,000,000, the Contractor shall be allowed compensation in an amount equal to two percent (2%) of the Taxes Due. The remainder shall be remitted to the Member States, Contingent Member States and Associate Member States. (h) For purposes of Sections D.5 and D.6, the combined Taxes Due from all Member States, Contingent Member States and Associate Member States that will result in a rate adjustment shall include all taxes due from Volunteer Sellers to the State of North Carolina under the separate agreement between the Contractor and the State of North Carolina for the Contractor’s provision of CSP services.

Compensation Formula. Compensation rates are based upon the volume of Taxes Due from each Volunteer Seller with whom the Contractor agrees to provide CSP services as a CSP. Compensation to the Contractor shall be paid in accordance with the formula set forth below. (a) For the first $250,000 of Taxes Due from each Volunteer Seller to all Member States, Contingent Member States and Associate Member States combined, the Contractor shall be allowed compensation in an amount equal to eight percent (8%) of the Taxes Due. The remainder shall be remitted to the Member States, Contingent Member States and Associate Member States. (b) For Taxes Due from each Volunteer Seller to all Member States, Contingent Member States and Associate Member States combined that exceed $250,000 but total no more than $1,000,000, the Contractor shall be allowed compensation in an amount equal to seven percent (7%) of the Taxes Due. The remainder shall be remitted to the Member States, Contingent Member States and Associate Member States. (c) For Taxes Due from each Volunteer Seller to all Member States, Contingent Member States and Associate Member States combined that exceed $1,000,000 but total no more than $2,500,000, the Contractor shall be allowed compensation in an amount equal to six percent (6%) of the Taxes Due. The remainder shall be remitted to the Member States, Contingent Member States and Associate Member States. (d) For Taxes Due from each Volunteer Seller to all Member States, Contingent Member States and Associate Member States combined that exceed $2,500,000 but total no more than $5,000,000, the Contractor shall be allowed compensation in an amount equal to five percent (5%) of the Taxes Due. The remainder shall be remitted to the Member States, Contingent Member States and Associate Member States. (e) For Taxes Due from each Volunteer Seller to all Member States, Contingent Member States and Associate Member States combined that exceed $5,000,000 but total no more than $10,000,000, the Contractor shall be allowed compensation in an amount equal to four percent (4%) of the Taxes Due. The remainder shall be remitted to the Member States, Contingent Member States and Associate Member States. (f) For Taxes Due from each Volunteer Seller to all Member States, Contingent Member States and Associate Member States combined that exceed $10,000,000 but total no more than $25,000,000, the Contractor shall be allowed compensation in an amount equal to three percent (3%) of the Taxes Due. The remainder shall be remitted to the Member States, Contingent Member States and Associate Member States. (g) For Taxes Due from each Volunteer Seller to all Member States, Contingent Member States and Associate Member States combined that exceed $25,000,000, the Contractor shall be allowed compensation in an amount equal to two percent (2%) of the Taxes Due. The remainder shall be remitted to the Member States, Contingent Member States and Associate Member States. (h) For purposes of Sections D.5 and D.6, the combined Taxes Due from all Member States, Contingent Member States and Associate Member States that will result in a rate adjustment shall include all taxes due from Volunteer Sellers volunteer sellers to the State of North Carolina under the separate agreement between the Contractor and the State of North Carolina for the Contractor’s provision of CSP services. [Prior reference to ND compensation removed.]

Compensation Formula. Compensation rates are based upon the volume of Taxes Due from each Volunteer Seller with whom the Contractor agrees to provide CSP services as a CSPservices. Compensation to the Contractor shall be paid in accordance with the formula set forth below. (a) For the first $250,000 of Taxes Due from each Volunteer Seller to all Member States, Contingent Member States and Associate Member States combined, the Contractor shall be allowed compensation in an amount equal to eight percent (8%) of the Taxes Due. The remainder shall be remitted to the Member States, Contingent Member States and Associate Member States. (b) For Taxes Due from each Volunteer Seller to all Member States, Contingent Member States and Associate Member States combined that exceed $250,000 but total no more than $1,000,000, the Contractor shall be allowed compensation in an amount equal to seven percent (7%) of the Taxes Due. The remainder shall be remitted to the Member States, Contingent Member States and Associate Member States. (c) For Taxes Due from each Volunteer Seller to all Member States, Contingent Member States and Associate Member States combined that exceed $1,000,000 but total no more than $2,500,000, the Contractor shall be allowed compensation in an amount equal to six percent (6%) of the Taxes Due. The remainder shall be remitted to the Member States, Contingent Member States and Associate Member States. (d) For Taxes Due from each Volunteer Seller to all Member States, Contingent Member States and Associate Member States combined that exceed $2,500,000 but total no more than $5,000,000, the Contractor shall be allowed compensation in an amount equal to five percent (5%) of the Taxes Due. The remainder shall be remitted to the Member States, Contingent Member States and Associate Member States. (e) For Taxes Due from each Volunteer Seller to all Member States, Contingent Member States and Associate Member States combined that exceed $5,000,000 but total no more than $10,000,000, the Contractor shall be allowed compensation in an amount equal to four percent (4%) of the Taxes Due. The remainder shall be remitted to the Member States, Contingent Member States and Associate Member States. (f) For Taxes Due from each Volunteer Seller to all Member States, Contingent Member States and Associate Member States combined that exceed $10,000,000 but total no more than $25,000,000, the Contractor shall be allowed compensation in an amount equal to three percent (3%) of the Taxes Due. The remainder shall be remitted to the Member States, Contingent Member States and Associate Member States. (g) For Taxes Due from each Volunteer Seller to all Member States, Contingent Member States and Associate Member States combined that exceed $25,000,000, the Contractor shall be allowed compensation in an amount equal to two percent (2%) of the Taxes Due. The remainder shall be remitted to the Member States, Contingent Member States and Associate Member States. (h) For purposes of Sections D.5 and D.6, the combined Taxes Due from all Member States, Contingent Member States and Associate Member States that will result in a rate adjustment shall include all taxes due from Volunteer Sellers to the State of North Carolina under the separate agreement between the Contractor and the State of North Carolina for the Contractor’s provision of CSP services.