Common use of INCOME, REMUNERATION Clause in Contracts

INCOME, REMUNERATION. 5.1. According to the ENAGIC Compensation Plan, a Distributor receives commissions and remuneration from commercial procurement and structure work based on the calculation of sales results of the members of his Line of Responsibility. The Distributor shall check the calculations transmitted and inform ENAGIC without delay regarding any possible objections. If a member of the Distributor’s Line of Responsibility returns any product within the duration of the right-to-return period, ENAGIC will deduct the commissions and remunerations received by the Distributor on the basis of this product’s sale from his bank account. This is in the event of the return taking place within the course of warranty claim execution as stipulated by the law.

Appears in 6 contracts

Samples: Enagic Europe GMBH, Enagic Europe GMBH, Distributor Agreement

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INCOME, REMUNERATION. 5.1. According to the ENAGIC Compensation Plan, a Distributor receives commissions and remuneration from commercial procurement and structure work based on the calculation of sales Rev 13/03/2024 results of the members of his Line of Responsibility. The Distributor shall check the calculations transmitted and inform ENAGIC without delay regarding any possible objections. If a member of the Distributor’s Line of Responsibility returns any product within the duration of the right-to-return period, ENAGIC will deduct the commissions and remunerations received by the Distributor on the basis of this product’s sale from his bank account. This is in the event of the return taking place within the course of warranty claim execution as stipulated by the law.

Appears in 1 contract

Samples: Distributor Agreement

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