Drawing Account. Although commissions shall not be due and payable to the Sales Representative until a customer has paid its account in full, the Employer shall credit the Sales Representative with a drawing account of __________________________ _____ Dollars ($____________) per week, which shall be charged against the Sales Representative's commissions. The Employer in not obligated to pay the Sales Representative an advance credit except at its discretion, and provided that the Sales Representative has no overdraft on his/her account. All such advances shall be considered as loans to the Sales Representative and are to be repaid to the Employer on demand.
Drawing Account. (a) When the Borrower makes drawing under Facility A Loan, the Lender shall remit the amount of the principal of that Loan into the following bank account of the Borrower: Beneficiary’s Bank: China Merchants Bank, Hangzhou Branch Account Name: BEST Logistics Technologies (China) Co., Ltd. (百世物流科技(中国)有限公司) A/C No.: 571905546310301
Drawing Account. The Company’s salespersons shall be entitled to receive the following compensation for their services so long as they continue in the employ of the Company. All commissions earned shall be determined not later than Friday following the close of the week’s business, and commission earning statements shall be furnished to the salespersons at that time. If a salesperson earned less than $90,000.00 in the previous calendar year and earns commissions during the week that do not exceed Six Hundred Dollars ($600.00) then the salesperson shall be entitled to and shall receive no less than Six Hundred Dollars ($600.00) gross as a minimum drawing account. If a salesperson earned more than $90,000.00 in the previous calendar year and earns commissions during the week that do not exceed Nine Hundred Dollars ($900.00) then the salesperson shall be entitled to and shall receive no less than Nine Hundred Dollars ($900.00) gross as a minimum drawing account. In the event that the commission earned during the week shall be less than the Six Hundred Dollar ($600.00) or Nine Hundred Dollar ($900.00) gross minimum drawing account, as set forth above, then the difference shall be charged against so much of the commissions earned during the following weeks as shall exceed the minimum drawing. In other words, in no event shall any salesperson receive less than the Six Hundred Dollar ($600.00) or Nine Hundred Dollar ($900.00) gross dollar minimum drawing account herein specified. Deficiencies in earnings of commissions as against this drawing may be made up out of the future commission earnings which may be in excess of the minimum weekly drawing agreed to be paid to the salesperson, provided, however, that the maximum deficit shall be One Thousand Eight Hundred Dollars ($1,800.00) and in said case there shall be discussion between the Union and the Company relative to whether there shall be a reduction of the weekly drawing to reduce the deficit below One Thousand Eight Hundred Dollars ($1,800.00) or a termination of the weekly drawings for a period of time. Gross minimum drawing accounts shall be cash or check to the salesperson less Union dues subject to check-off. This provision may be reopened if the Company suffers a financial loss as a result of these draws.
