FOR REFERRAL OF ACCOUNTS Sample Clauses

FOR REFERRAL OF ACCOUNTS. For the referral of accounts to the Agency, the Independent Contractor shall be entitled to the following share of commissions received by the Travel Agency: *10 percent (10%) of the Net Commissions shall be paid for the referral of a client whereby the Agency services the entire referral. *25 percent (25%) of the Net Commissions shall be paid for the referral of a client whereby the Agent contributes some research and assists the Agency in service to the client but not to include the administrative functions. *40 percent (40%) of the Net Commissions shall be paid for compensation on any client activity whereby the Host Agency must contribute extraordinary time and effort on behalf of the clients servicing (TBD by agreement per booking). *50 percent (50%) of the Net Commissions shall be paid for compensation on any client activity until the Independent Contractor reaches a total amount of $5,000.00 in earned personal commissions. Agent performs all activity with and for clients. *60 percent (60%) of the Net Commissions shall be paid for compensation on any client activity until the Independent Contractor reaches a total amount of $9,999.99 in earned personal Commissions. *70 percent (70%) of the Net Commissions shall be paid for compensation on any client activity where the Independent Contractor earns an amount of $10,000.00 or more in earned personal commissions. The Net Commission is defined as the Commission to the Agency minus any gifts (i.e. flowers, tote bags, Christmas gifts, etc. [agent sets value see below for recommendations] and minus any commissions rebated to any account. Each year the Independent contractor must maintain at least percent (50%) of the total Net Commissions of the preceding 6 months or the Commission level will drop to the next lower scale until the required Income level is met again. *OVERRIDES are additional % points offered by a service provider to the Host Agency for meeting certain $ goals which are set by the service provider. All overrides collected will be disbursed to all agents based on the % of the volume of business generated by each agent to that particular service provider. This % of business will be calculated for each agent relative to the whole of the collective agency sales to a particular service provider and calculated from a base commission of 10% in most cases. Money will be distributed accordingly on an annual basis. *GIFTS can be given to clients for their business and continued loyalty. They can be giv...
Sample 1
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FOR REFERRAL OF ACCOUNTS. For the referral of accounts to the Agency, the Independent Contractor shall be entitled to the following share of commissions received by the Travel Agency: *10 percent (10%) of the Net Commissions shall be paid for the referral of a client whereby the Agency services the entire referral. The Net Commission is defined as the Commission to the Agency minus any gifts or expenses necessary on behalf of the transaction
Sample 1

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