CUSTOMER TURNOVER PROCESS AND COMMISSIONS Sample Clauses

CUSTOMER TURNOVER PROCESS AND COMMISSIONS. (a) At or prior to the Closing, BTi and Marconi shall mutually agree upon the contents of the following Schedules: (i) Schedule 2.2(a)(i) - a list of Marconi Prospects; (ii) Schedule 2.2(a)(ii) - a list of Joint Prospects; and (iii) Schedule 2.2(a)(iii) - a list of Exclusive Neuromag Products. (b) Marconi agrees that during the Agreement Term it will provide sales support to BTi and its sales representatives as may be reasonably necessary to secure, to the extent feasible, binding purchase orders for the Products from the Marconi Prospects and to xxxxxx amicable working relationships with the Marconi Prospects by, among other things, introducing BTi sales representatives to key contact persons associated with the Marconi Prospects. (c) On the Effective Date, Marconi assigns to BTi, and BTi accepts assignment from Marconi, all of Marconi's interest in and to the Joint Prospects and the Marconi Prospects, and any Timely Sale and Timely Revenue Sharing Sale resulting therefrom. BTi hereby assumes all obligations and liabilities that Marconi may have had with respect to the Marconi Prospects, Joint Prospect and under any Timely Sale but for the assignment hereunder. Marconi's assignment to BTi is without representation or warranty of any kind whatsoever. (d) With the exception of MGH, the following commissions will be payable to Marconi on Timely Sales and Timely Revenue Sharing Sale: (i) Commissions are payable to Marconi by BTi on Timely Sales of Exclusive Neuromag Products to Joint Prospects. Payment in the amount of $50,000 shall be made to Marconi by BTi for each Timely Direct Sale of an Exclusive Neuromag Product to a Joint Prospect within the earlier of 45 days after completion of installation of the Exclusive Neuromag Product or nine (9) months of the Timely Direct Sale. Payment in the amount of $25,000 shall be made to Marconi by BTi for each Timely Revenue Sharing Sale of an Exclusive Neuromag Product to a Joint Prospect within the earlier of forty-five (45) days after completion of installation of the Exclusive Neuromag Product or nine (9) months of the Timely Revenue Sharing Sale. (ii) Commissions are payable to Marconi by BTi on Timely Sales of Products to Marconi Prospects. Payment in the amount of $100,000 shall be made to Marconi by BTi for each Timely Direct Sale to a Marconi Prospect within the earlier of 45 days after completion of installation of the Product or nine (9) months of the Timely Direct Sale. Payment in the amount of $50,000 shal...
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Related to CUSTOMER TURNOVER PROCESS AND COMMISSIONS

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