Earned Commissions Sample Clauses
The Earned Commissions clause defines when and how a party becomes entitled to receive commission payments under an agreement. Typically, it specifies the conditions that must be met for commissions to be considered "earned," such as the completion of a sale, receipt of payment from a customer, or fulfillment of certain performance milestones. This clause ensures that both parties understand exactly when commissions are due, thereby preventing disputes over payment timing and clarifying the obligations of each party regarding compensation.
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Earned Commissions. During the term of and subject to the other terms of this Agreement, one twelfth (1/12) of any commission to which the Independent Contractor is entitled shall become “Earned” at the end of each month of the twelve (12) months following the month in which the sale occurred, provided the Life Insurance Product remains in force and fully paid. Earned Commissions, if not already advanced (as set forth below), become payable the following pay period, subject to NAA®’s right to offset any Agent Debt (see Paragraph 4). If the Carrier pays NAA® any commission following the first year of the initial sale, the same provisions apply with respect to the Commission becoming Earned. After termination of this Agreement, no commissions that have not been advanced or paid become Earned.
Earned Commissions. Commissions shall be earned and accrue to Representative upon DW’s collection of set up fees and hosting fees as described in Exhibit A attached hereto (“Net Fees”). Representative shall not be deemed to have earned Commissions paid or credited to Representative with respect to Net Fees paid to 914810/1/3059.000 DW which are subsequently returned, refunded or credited to Customers (“Unearned Commissions”). Representative shall pay to DW on demand Unearned Commissions paid to Representative, or DW may deduct any such Unearned Commissions from any sums due Representative, including without limitation, Commissions payable.
Earned Commissions. In the event of any expiration, cancellation or termination of this Agreement (regardless of the reason(s) therefore or the Party initiating such termination) each Party, in its capacity as Dealer, shall be entitled to all Dealer Fees and other fees associated with any Customer submitted prior to such termination with all such Dealer Fees being paid according to the time-frames otherwise applicable as if there had been no termination of this Agreement up to a period of one (1) year following the expiration, cancellation, or termination of this Agreement.