Minimum Commission. To be eligible for the Kenmore Royalty Credit for a Buyer fiscal quarter Buyer will during the fiscal quarter pay the Franchisees and the owners of the Sears Hometown Stores the Average Aggregate Minimum Commission Rate specified on Appendix 5(d) on sales of Kenmore-Branded Products.
Minimum Commission. The annual minimum commission (the “Minimum Commission”) for each Contract Year is set forth below. Termination by SHGS under Section 3 will not relieve LE of its obligation to pay the Minimum Commission for the then current Term. 2014* $2,744,000 $4,116,000 $6,860,000 2015 $2,744,000 $4,116,000 $6,860,000 2016** To be negotiated. 2017** To be negotiated. 2018** To be negotiated. * The annual Minimum Commission for this Contract Year will be pro-rated based on the total number of days in the First Contract Year. ** Minimum Commission applies to this Contract Year only if this Agreement is extended under Section 2(c).
Minimum Commission. $175.00 If cost of vehicle is < $25,000.00 $215.00 If cost of vehicle is > $25,000.00 $500 On all demos or paid on real gross (excluding write down) or whichever is greater. Employee price of invoice.
Minimum Commission. Xxxxxx is ordinarily paid a commission by the Seller. In some cases, Sellers offer no commission or an inadequate commission. For purposes of this Agreement, the “Minimum Commission” shall be % of the sales price (3% if not filled in). Xxxxx agrees that (if neither box is checked, then “Properties Excluded” shall apply):
Minimum Commission. The annual minimum commission (the “Minimum Commission”) for each Contract Year is set forth below. Termination by SHGS under Section 3 will not relieve LE of its obligation to pay the Minimum Commission for the then current Term. 2014* [*****] [*****] [*****] 2015 [*****] [*****] [*****] 2016** To be negotiated. 2017** To be negotiated. 2018** To be negotiated. * The annual Minimum Commission for this Contract Year will be pro-rated based on the total number of days in the First Contract Year. ** Minimum Commission applies to this Contract Year only if this Agreement is extended under Section 2(c). [*****] Confidential material redacted and filed separately with the Securities and Exchange Commission.
Minimum Commission. Where the above formulas do not result in a commission over $200.00, the Company shall pay to every sales person, who completes an approved sale, a commission of $200.00. Minimum Commission Clarification; On the sale of ìAs-Is” used vehicles, gross up to $400.00, commission is flat $75.00; on gross greater than $400.00, commission is 35% of gross or a $150.00 minimum, whichever is greater.
Minimum Commission. (a) The amount of Scheduled Commission paid or caused to be paid by the Company to Sellers, together with additional commission paid pursuant Section 3.3, shall be subject to an aggregate minimum of $5 million (the "Minimum Amount"), with a minimum amount of $2 million through the end of the first year, $4 million through the end of the second year, and $5 million through the end of the third year (such minimum accrued amounts being referred to herein as the "Minimum Annual Amount"). If the Scheduled Commission paid pursuant to Section 3.1 together with additional commission paid pursuant to Section 3.3 does not equal the Minimum Annual Amount applicable to such year, the Company shall pay or cause to be paid to Sellers, concurrent with the payment of the amount due for the final period for such year, the amount by which the Minimum Annual Amount exceeds such Scheduled Commission paid for such year. For the avoidance of doubt, the aggregate Minimum Annual Amount for the three years is cumulative and shall take into account any amount of Scheduled Commission paid and commission paid pursuant to Section 3.3 in excess of the Minimum Annual Amount, such that once the aggregate Scheduled Commission paid in any or all of the three years under Section 3.1 and commission paid pursuant to Section 3.3 below equals or exceeds $5 million, no further Minimum Annual Amount shall be due or payable.
(b) In order to secure the obligations of the Company to pay or cause to be paid the Minimum Annual Amounts, the Company shall, within five Business Days of the date of this Agreement, post or cause to be posted a letter of credit, in such form as agreed by the Company and Sellers, in favor and for the benefit of Sellers in the amount of $2 million, which, subject to adjustments as discussed below, shall be renewed or replaced upon the first anniversary of the Non-Renewal Date with a replacement letter of credit in the amount of $2 million and on the second anniversary of the Non-Renewal Date with a replacement letter of credit in the amount of $1 million; provided, that in lieu of any of the foregoing letters of credit, the Company shall be permitted to place in escrow funds in the amount required hereby with an escrow agent and subject to the terms of an escrow agreement in each case as agreed by the Company and Sellers. The letter(s) of credit or escrow account may be drawn upon by Sellers only to the extent that the Company fails to pay or cause to be paid when due the Sch...
Minimum Commission. The annual minimum commission (the “Minimum Commission”) for each Contract Year is set forth below. Termination by Agent under Section 3 will not relieve LE of its obligation to pay the Minimum Commission for the then current Term. 2016* $7,500,000 2017 $7,500,000 2018** To be negotiated. 2019** To be negotiated. *The annual Minimum Commission for the First Contract Year (i) takes into account the two different commission rates defined under Section 8(b); and (ii) shall be reduced by the amount of commissions earned by Sears Holdings Global Sourcing Ltd. (“SHGS”) subsequent to January 31, 2016 pursuant to the Buying Agency Agreement between SHGS and LE dated as of April 4, 2014, as amended. **Minimum Commission applies to this Contract Year only if this Agreement is extended under Section 2(b) if based on the services outlined in this contract.
Minimum Commission. Broker is ordinarily paid a commission by the Seller. In some cases, Sellers offer no commission or an inadequate commission. For purposes of this Agreement, the “Minimum Commission” shall be % of the sales price (3% if not filled in). Buyer agrees that (if neither box is checked, then “Properties Excluded” shall apply):
Minimum Commission. The annual minimum commission (the “Minimum Commission”) for each Contract Year is set forth below. Termination by Agent under Section 3 will not relieve LE of its obligation to pay the Minimum Commission for the then current Term. Contract Year Annual Minimum Commission 2016* $7,500,000 2017 $7,500,000 2018** To be negotiated. 2019** To be negotiated.
