Minimum Commission Sample Clauses

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Minimum Commission. ▇▇▇▇▇▇ 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). ▇▇▇▇▇ agrees that (if neither box is checked, then “Properties Excluded” shall apply):
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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).
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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.
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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.
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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.
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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.
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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.
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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...
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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.
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Related to Minimum Commission

  • Minimum Commitment If for a certain Service a minimum commitment has been determined in the Agreement, the Customer guarantees to respect the minimum commitment described in the Agreement during the entire period of the Agreement. If the Customer does not respect this minimum commitment, the Customer shall pay the compensation mentioned in the Agreement. If no compensation has been mentioned in the Agreement, the Customer has to pay the applicable Charges for the respective Service, or the average of the applicable Charges if different Charges are applied for the respective Service, per missing number of its minimum commitment. Services that are timely cancelled by the Customer or Services for which the Customer has paid a cancellation fee , do not, even not partly, release the Customer from its obligation to respect the minimum commitment . Services cancelled as due to Force Majeure and Services cancelled by Lineas for other reasons than Force Majeure, will be considered as a Services ordered and paid for by the Customer. Services cancelled by the Customer or by Lineas because of holidays do not, even not partly, release the Customer from its obligation to respect its minimum commitment.

  • Minimum Amount No prepayment shall be required pursuant to Section 5.2(a)(i) (i) in the case of any Disposition yielding Net Cash Proceeds of less than $1,000,000 in the aggregate and (ii) unless and until the amount at any time of Net Cash Proceeds from Prepayment Events required to be applied at or prior to such time pursuant to such Section and not yet applied at or prior to such time to prepay Term Loans pursuant to such Section exceeds (x) $10,000,000 for a single Prepayment Event or (y) $50,000,000 in the aggregate for all Prepayment Events (other than those which are either under the threshold specified in subclause (i) or over the threshold specified in subclause (ii)(x)) in any one fiscal year, at which time all such Net Cash Proceeds referred to in this subclause (y) with respect to such fiscal year shall be applied as a prepayment in accordance with this Section 5.2.

  • Minimum Cash Balance Licensee shall fund the Facility Checking Account --------------------- with an initial amount equal to $25,000.00 and thereafter Licensee shall provide the working capital required by Section I(H) of this Agreement

  • Minimum wages a. All laborers and mechanics employed or working upon the site of the work, will be paid unconditionally and not less often than once a week, and without subsequent deduction or rebate on any account (except such payroll deductions as are permitted by regulations issued by the Secretary of Labor under the ▇▇▇▇▇▇▇▇ Act (29 CFR part 3)), the full amount of wages and bona fide fringe benefits (or cash equivalents thereof) due at time of payment computed at rates not less than those contained in the wage determination of the Secretary of Labor which is attached hereto and made a part hereof, regardless of any contractual relationship which may be alleged to exist between the contractor and such laborers and mechanics. Contributions made or costs reasonably anticipated for bona fide fringe benefits under section 1(b)(2) of the ▇▇▇▇▇-▇▇▇▇▇ Act on behalf of laborers or mechanics are considered wages paid to such laborers or mechanics, subject to the provisions of paragraph 1.d. of this section; also, regular contributions made or costs incurred for more than a weekly period (but not less often than quarterly) under plans, funds, or programs which cover the particular weekly period, are deemed to be constructively made or incurred during such weekly period. Such laborers and mechanics shall be paid the appropriate wage rate and fringe benefits on the wage determination for the classification of work actually performed, without regard to skill, except as provided in 29 CFR 5.5(a)(4). Laborers or mechanics performing work in more than one classification may be compensated at the rate specified for each classification for the time actually worked therein: Provided, That the employer's payroll records accurately set forth the time spent in each classification in which work is performed. The wage determination (including any additional classification and wage rates conformed under paragraph 1.b. of this section) and the ▇▇▇▇▇-▇▇▇▇▇ poster (WH–1321) shall be posted at all times by the contractor and its subcontractors at the site of the work in a prominent and accessible place where it can be easily seen by the workers. (1) The contracting officer shall require that any class of laborers or mechanics, including helpers, which is not listed in the wage determination and which is to be employed under the contract shall be classified in conformance with the wage determination. The contracting officer shall approve an additional classification and wage rate and fringe benefits therefore only when the following criteria have been met: (i) The work to be performed by the classification requested is not performed by a classification in the wage determination; and (ii) The classification is utilized in the area by the construction industry; and (iii) The proposed wage rate, including any bona fide fringe benefits, bears a reasonable relationship to the wage rates contained in the wage determination. (2) If the contractor and the laborers and mechanics to be employed in the classification (if known), or their representatives, and the contracting officer agree on the classification and wage rate (including the amount designated for fringe benefits where appropriate), a report of the action taken shall be sent by the contracting officer to the Administrator of the Wage and Hour Division, Employment Standards Administration, U.S. Department of Labor, Washington, DC 20210. The Administrator, or an authorized representative, will approve, modify, or disapprove every additional classification action within 30 days of receipt and so advise the contracting officer or will notify the contracting officer within the 30-day period that additional time is necessary. (3) In the event the contractor, the laborers or mechanics to be employed in the classification or their representatives, and the contracting officer do not agree on the proposed classification and wage rate (including the amount designated for fringe benefits, where appropriate), the contracting officer shall refer the questions, including the views of all interested parties and the recommendation of the contracting officer, to the Wage and Hour Administrator for determination. The Wage and Hour Administrator, or an authorized representative, will issue a determination within 30 days of receipt and so advise the contracting officer or will notify the contracting officer within the 30-day period that additional time is necessary. (4) The wage rate (including fringe benefits where appropriate) determined pursuant to paragraphs 1.b.(2) or 1.b.

  • Minimum Salaries 12.1 The minimum base salary for all Bargaining Unit members shall be as follows: 12.2 The minima defined in this Article shall apply to AAUP-represented adjuncts on a pro-rated basis proportional to their percent of full- time.