Dormant Outstanding Commission Payments. A monthly dormant commission fee of Twenty Dollars ($20.00) will be charged for the following: 1. All outstanding commissions checks that have not been negotiated within six (6) months of issuance; 2. Commissions in a distributor's wallet when there has been no activity in the wallet for a period of six (6) months; 3. Pending commission payments that are delayed for a period of six (6) months due to the action or inaction of a distributor. The fee will be charged monthly on each outstanding weekly commission payment. The dormant commission fee cannot reduce the commission below $0.
Appears in 3 contracts
Samples: Policies and Procedures, Policies and Procedures, Policies and Procedures
Dormant Outstanding Commission Payments. β A monthly dormant commission fee of Twenty Dollars ($20.00) will be charged for the following:
1. All outstanding commissions checks that have not been negotiated within six (6) months of issuance; 2. Commissions in a distributor's wallet when there has been no activity in the wallet for a period of six (6) months; 3. Pending commission payments that are delayed for a period of six (6) months due to the action or inaction of a distributor. The fee will be charged monthly on each outstanding weekly commission payment. The dormant commission fee cannot reduce the commission below $0.
Appears in 2 contracts
Samples: Distributor Agreement, Policies and Procedures
