Distributor Compensation Clause Samples
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Distributor Compensation. A. Except as provided below at paragraph 5.02, the Company shall provide the distributor with sufficient Beverage quantities to supply the accounts in accordance with paragraph 2.00 et. seq. of this Agreement. The Distributor shall deliver the Beverages to accounts at the prices stipulated in the Schedule of Prices set forth in Exhibit B, as from time to time amended, and the effective date of such new price(s) shall be at least one (1) day after the date such notice is transmitted to the Distributor.
B. Unless otherwise agreed by the Company, the Distributor shall pay the Company not later than 4 p.m. on each Friday for all Beverages purchased by the Distributor from the Company during the preceding business week. In the event that due to a holiday the business week ends on a Thursday, the Distributor product payment will be paid by 4 p.m. on Thursday. As compensation for all deliveries made in accordance with this Agreement, the Distributor will receive the commissions specified in, or computed in accordance with Exhibit B. The Distributor shall remit for all merchandise and Beverages received from SBSI and pay by Distributor’s check dated as of the date of payment, cash (to the extent permitted by the Company), or Company pre-approved credits equal to the Company’s stipulated prices appearing upon the Company’s Schedule of Prices.
C. Beverage payments shall not be refundable, except that the Company may credit the Distributor for unsold Beverages returned by the Distributor to the Company unless the Company, in its sole and exclusive discretion, determines that: the quantity of Beverages returned is excessive when compared with the quantity of Beverages purchased by the Distributor; the Beverages have been tampered with or, the Beverages are stamped with an out-of-date code.
Distributor Compensation. As payment for its services hereunder, Insurer shall pay directly to Distributor a fee in accordance with Schedule 3 hereto. Payments shall be made annually no later than December 31st of each year end. Such annual payments shall cover the period of December of the preceding year through November of the then current year; provided that the initial payment shall cover the period of January 1, 2008 through November 30, 2008. The fee may be renegotiated at any time upon the mutual agreement of Insurer and Distributor. The last agreed-to amount for this fee shall remain in effect until the new fee is mutually agreed upon and is set forth in Schedule 3 hereto. No compensation shall be payable for an Application or Premium, and Distributor agrees to reimburse Insurer for any such compensation paid to Distributor, if Insurer:
(1) in its sole discretion, rejects an Application or Premium;
(2) refunds Premium upon an applicant’s surrender or withdrawal pursuant to any “free-look” privilege;
(3) refunds Premium as a result of a complaint by an applicant; or
(4) determines that a person (i) signing an Application who is required to be licensed or (ii) receiving compensation for soliciting the purchase of a Contract, is not duly licensed to sell the Contract in the state or jurisdiction of such sale. Insurer reserves the right to reduce or not to pay compensation that would otherwise have been payable hereunder in accordance with Schedule 3 attached hereto.
Distributor Compensation. The Distributor's compensation will be derived by marking up the price of the products and re-selling them for a profit.
Distributor Compensation. Distributor’s compensation shall be agreed to in writing by Distributor, Marketer and CBKC (attached here as an addendum). Distributor’s sole remedy for nonpayment shall be with Marketer. Distributor agrees to hold CBKC harmless and free from liability arising out of any obligation owed to Distributor by Marketer. Marketer and Distributor shall immediately notify CBKC of any breach by the other party pursuant to an agreement between Marketer and Distributor.
Distributor Compensation. The Distributor's sole compensation under this Agreement shall be derived by marking up the price of the products and re-selling them for a profit, unless otherwise provided for in a written document from the Company.
Distributor Compensation. A. The Board of Directors has adopted a Distribution Plan (the "Distribution Plan") pursuant to Section 12(b) of the 1940 Act and Rule 12b-1 (the "Rule") thereunder after having concluded that there is a reasonable likelihood that the Distribution Plan would benefit the Funds and their shareholders. Pursuant to such Distribution Plan, and as compensation for the services performed and the expenses incurred by the Distributor under this Agreement (including the commissions and other fees and expenses paid by the Distributor for the sale of shares of the Funds), the Company shall pay to the Distributor: (i) on a monthly or quarterly basis, in arrears, a distribution fee, accrued daily, as set forth in the Prospectus; (ii) for shares of the Funds sold with a sales charge, the underwriting discount applicable thereto determined in accordance with the payment schedule set forth in the Prospectus. ; and
Distributor Compensation