Payments and Fees. a. The fees associated to JBD REFERRED SPONSOR are outlined in Exhibit B of this Agreement which is hereby incorporated by reference herein. b. For the first year, JBD REFERRED SPONSOR will receive revenue share based on all Accountholder’s card usage, the associated fees charged. After which JBD REFERRED SPONSOR must maintain a minimum of 500 cumulative Active Accountholders per SPONSORship annually as set forth in Section 5 of this Agreement to continue receiving revenue. JBD REFERRED SPONSOR shall receive revenue sharing payments from JBD through MOBILE MONE according to the specific transaction fees scheduled in Exhibit A which is hereby incorporated by reference herein. Based on Accountholder’s card usage and the associated fees charged (retail price), JBD REFERRED SPONSOR agrees to the “Revenue Sharing Fee Schedule,” set forth in Exhibit A herein. Upon JBD REFERRED SPONSOR’s written request and direction, JBD may agree, in its sole discretion, to deduct amounts from the commissions otherwise payable to JBD REFERRED SPONSOR and to pay such amounts instead to such agents or other representatives not registered with JBD. These payments by JBD through MOBILE MONE are subject to the restrictions and limitations of this Agreement, and JBD, MOBILE MONE, its Processor or its affiliates will have no liability for its failure to pay any sums to any such agents or representative. c. During the term of this Agreement, for Active Accountholders, JBD through MOBILE MONE will remit payment due to JBD REFERRED SPONSOR, within 30 days after the prior month end from the fees earned during that month from JBD REFERRED SPONSOR’s Active Accountholders. JBD through MOBILE MONE shall provide JBD REFERRED SPONSOR with commission reporting in accordance with MOBILE MONE standard formats and procedures. Notwithstanding any other provision to the contrary, in the event of termination as set forth in Section 5, JBD through MOBILE MONE will pay JBD REFERRED SPONSOR any revenue shares earned prior to the effective date of termination. d. Accountholder retail prices are subject to change and JBD will provide a 30 day written and/or electronic notice to JBD REFERRED SPONSOR, REP, and Accountholder of such changes and any new retail fees. In the event of any new retail fees charged that JBD REFERRED SPONSOR may share in, JBD shall amend Exhibit A to include the new retail fees and corresponding revenue share due JBD REFERRED SPONSOR. Should a pricing adjustment notification be made that significantly changes the business model, JBD REFERRED SPONSOR reserves the right to terminate this agreement with a 30 day written notice. e. Upon signing of written Agreement, fees associated to become a JBD MOBILE MONE SPONSOR are refundable, excluding set up cost as set forth in Exhibit B, if this Agreement is terminated within 90 days. f. JBD REFERRED SPONSOR must provide JBD with written notice of dispute regarding the amount of any payments (or lack thereof) made to JBD REFERRED SPONSOR or regarding the manner in which MOBILE MONE provided services for JBD REFERRED SPONSOR/SPONSOR (as defined in Exhibit A) for calculated commissions under this Agreement. JBD REFERRED SPONSOR shall have the right, at its own expense and not more than once in any twelve (12) month period, to inspect at reasonable times MOBILE MONE relevant accounting records to verify the accuracy of commissions paid by JBD through MOBILE MONE under the terms of this Agreement. JBD REFERRED SPONSOR shall receive any assistance that they may reasonably require. If the audit correctly reveals that JBD through MOBILE MONE has underpaid JBD REFERRED SPONSOR, then JBD shall reimburse the amount of underpayment. g. Commissions paid by JBD through MOBILE MONE to JBD REFERRED SPONSOR are exclusive of federal, state and local taxes, tax like charges, fees and surcharges (“Tax” or “Taxes”), which JBD REFERRED SPONSOR shall pay. JBD REFERRED SPONSOR will be responsible for all Taxes due as a result of receiving payments of commissions by JBD through MOBILE MONE to JBD REFERRED SPONSOR, including, but not limited to, income taxes and withholding taxes.
Appears in 1 contract
Samples: Sponsorship Licensing Agreement (Mascot Ventures, Inc.)
Payments and Fees. a. The fees associated to JBD eMONĒco REFERRED SPONSOR are outlined in Exhibit B of this Agreement which is hereby incorporated by reference herein.
b. For the first year, JBD eMONĒco REFERRED SPONSOR will receive revenue share based on all Accountholder’s card usage, the associated fees charged. After which JBD eMONĒco REFERRED SPONSOR must maintain a minimum of 500 2,500 cumulative Active Accountholders per SPONSORship SPONSORSHIP annually as set forth in Section 5 of this Agreement to continue receiving revenue. JBD eMONĒco REFERRED SPONSOR shall receive revenue sharing payments from JBD eMONĒco through MOBILE MONE the mobile monē Mobile Banking Platform according to the specific transaction fees scheduled in Exhibit A which is hereby incorporated by reference herein. Based on Accountholder’s card usage and the associated fees charged (retail price), JBD eMONĒco REFERRED SPONSOR agrees to the “Revenue Sharing Fee Schedule,” set forth in Exhibit A herein. Upon JBD eMONĒco REFERRED SPONSOR’s SPONSOR written request and direction, JBD eMONĒco may agree, in its sole discretion, to deduct amounts from the commissions otherwise payable to JBD eMONĒco REFERRED SPONSOR and to pay such amounts instead to such agents or other representatives not registered with JBDeMONĒco. These payments by JBD eMONĒco through MOBILE MONE the mobile monē Mobile Banking Platform are subject to the restrictions and limitations of this Agreement, and JBD, MOBILE MONEeMONĒco, its Processor or its affiliates will have no liability for its failure to pay any sums to any such agents or representative.
c. During the term of this Agreement, for Active Accountholders, JBD eMONĒco through MOBILE MONE its Processor will remit payment due to JBD eMONĒco REFERRED SPONSOR, within 30 days after the prior month end from the fees earned during that month from JBD eMONĒco REFERRED SPONSOR’s ’ Active Accountholders. JBD eMONĒco through MOBILE MONE its Processor shall provide JBD eMONĒco REFERRED SPONSOR with commission reporting in accordance with MOBILE MONE mobile monē standard formats and procedures. Notwithstanding any other provision to the contrary, in the event of termination as set forth in Section 5, JBD eMONĒco through MOBILE MONE its Processor will pay JBD eMONĒco REFERRED SPONSOR any revenue shares earned prior to the effective date of termination.
d. Accountholder retail prices are subject to change and JBD eMONĒco will provide a 30 day written and/or electronic notice to JBD eMONĒco REFERRED SPONSOR, REP, and Accountholder of such changes and any new retail fees. In the event of any new retail fees charged that JBD eMONĒco REFERRED SPONSOR may share in, JBD eMONĒco shall amend Exhibit A to include the new retail fees and corresponding revenue share due JBD eMONĒco REFERRED SPONSOR. Should a pricing adjustment notification be made that significantly changes the business model, JBD eMONĒco REFERRED SPONSOR reserves the right to terminate this agreement with a 30 day written notice.
e. Upon signing of written Agreement, fees associated to become a JBD MOBILE MONE an eMONĒco mobile monē REFERRED SPONSOR are refundable, excluding set up cost as set forth in Exhibit B, if this Agreement is terminated within 90 days.
f. JBD eMONĒco REFERRED SPONSOR must provide JBD eMONĒco with written notice of dispute regarding the amount of any payments (or lack thereof) made to JBD eMONĒco REFERRED SPONSOR or regarding the manner in which MOBILE MONE mobile monē provided services for JBD eMONĒco REFERRED SPONSOR/SPONSOR”S SPONSOR (as defined in Exhibit A) for calculated commissions under this Agreement. JBD REFERRED SPONSOR shall have the right, at its own expense and not more than once in any twelve (12) month period, to inspect at reasonable times MOBILE MONE relevant accounting records to verify the accuracy of commissions paid by JBD through MOBILE MONE under the terms of this Agreement. JBD REFERRED SPONSOR shall receive any assistance that they may reasonably require. If the audit correctly reveals that JBD through MOBILE MONE has underpaid JBD REFERRED SPONSOR, then JBD shall reimburse the amount of underpayment.
g. Commissions paid by JBD eMONĒco, through MOBILE MONE its Processor to JBD eMONĒco REFERRED SPONSOR are exclusive of federal, state and local taxes, tax like charges, fees and surcharges (“Tax” or “Taxes”), which JBD eMONĒco REFERRED SPONSOR shall pay. JBD eMONĒco REFERRED SPONSOR will be responsible for all Taxes due as a result of receiving payments of commissions by JBD eMONĒco, through MOBILE MONE its Processor, to JBD eMONĒco REFERRED SPONSOR, including, but not limited to, income taxes and withholding taxes.
Appears in 1 contract
Samples: Sponsorship & Marketing Agreement
Payments and Fees. a. The fees associated to JBD eMONĒco REFERRED SPONSOR are outlined in Exhibit B of this Agreement which is hereby incorporated by reference herein.
b. For the first year, JBD eMONĒco REFERRED SPONSOR will receive revenue share based on all Accountholder’s card usage, the associated fees charged. After which JBD eMONĒco REFERRED SPONSOR must maintain a minimum of 500 1,500 cumulative Active Accountholders per SPONSORship SPONSORSHIP annually as set forth in Section 5 of this Agreement to continue receiving revenue. JBD eMONĒco REFERRED SPONSOR shall receive revenue sharing payments from JBD eMONĒco through MOBILE MONE the mobile monē Mobile Banking Platform according to the specific transaction fees scheduled in Exhibit A which is hereby incorporated by reference herein. Based on Accountholder’s card usage and the associated fees charged (retail price), JBD eMONĒco REFERRED SPONSOR agrees to the “Revenue Sharing Fee Schedule,” set forth in Exhibit A herein. Upon JBD eMONĒco REFERRED SPONSOR’s SPONSOR written request and direction, JBD eMONĒco may agree, in its sole discretion, to deduct amounts from the commissions otherwise payable to JBD eMONĒco REFERRED SPONSOR and to pay such amounts instead to such agents or other representatives not registered with JBDeMONĒco. These payments by JBD eMONĒco through MOBILE MONE the mobile monē Mobile Banking Platform are subject to the restrictions and limitations of this Agreement, and JBD, MOBILE MONEeMONĒco, its Processor or its affiliates will have no liability for its failure to pay any sums to any such agents or representative.
c. During the term of this Agreement, for Active Accountholders, JBD eMONĒco through MOBILE MONE its Processor will remit payment due to JBD eMONĒco REFERRED SPONSOR, within 30 days after the prior month end from the fees earned during that month from JBD eMONĒco REFERRED SPONSOR’s ’ Active Accountholders. JBD eMONĒco through MOBILE MONE its Processor shall provide JBD eMONĒco REFERRED SPONSOR with commission reporting in accordance with MOBILE MONE mobile monē standard formats and procedures. Notwithstanding any other provision to the contrary, in the event of termination as set forth in Section 5, JBD eMONĒco through MOBILE MONE its Processor will pay JBD eMONĒco REFERRED SPONSOR any revenue shares earned prior to the effective date of termination.
d. Accountholder retail prices are subject to change and JBD eMONĒco will provide a 30 day written and/or electronic notice to JBD eMONĒco REFERRED SPONSOR, REP, and Accountholder of such changes and any new retail fees. In the event of any new retail fees charged that JBD eMONĒco REFERRED SPONSOR may share in, JBD eMONĒco shall amend Exhibit A to include the new retail fees and corresponding revenue share due JBD eMONĒco REFERRED SPONSOR. Should a pricing adjustment notification be made that significantly changes the business model, JBD eMONĒco REFERRED SPONSOR reserves the right to terminate this agreement with a 30 day written notice.
e. Upon signing of written Agreement, fees associated to become a JBD MOBILE MONE an eMONĒco mobile monē REFERRED SPONSOR are refundable, excluding set up cost as set forth in Exhibit B, if this Agreement is terminated within 90 days.
f. JBD eMONĒco REFERRED SPONSOR must provide JBD eMONĒco with written notice of dispute regarding the amount of any payments (or lack thereof) made to JBD eMONĒco REFERRED SPONSOR or regarding the manner in which MOBILE MONE mobile monē provided services for JBD eMONĒco REFERRED SPONSOR/SPONSOR”S SPONSOR (as defined in Exhibit A) for calculated commissions under this Agreement. JBD REFERRED SPONSOR shall have the right, at its own expense and not more than once in any twelve (12) month period, to inspect at reasonable times MOBILE MONE relevant accounting records to verify the accuracy of commissions paid by JBD through MOBILE MONE under the terms of this Agreement. JBD REFERRED SPONSOR shall receive any assistance that they may reasonably require. If the audit correctly reveals that JBD through MOBILE MONE has underpaid JBD REFERRED SPONSOR, then JBD shall reimburse the amount of underpayment.
g. Commissions paid by JBD eMONĒco, through MOBILE MONE its Processor to JBD eMONĒco REFERRED SPONSOR are exclusive of federal, state and local taxes, tax like charges, fees and surcharges (“Tax” or “Taxes”), which JBD eMONĒco REFERRED SPONSOR shall pay. JBD eMONĒco REFERRED SPONSOR will be responsible for all Taxes due as a result of receiving payments of commissions by JBD eMONĒco, through MOBILE MONE its Processor, to JBD eMONĒco REFERRED SPONSOR, including, but not limited to, income taxes and withholding taxes.
Appears in 1 contract
Samples: Sponsorship & Marketing Agreement
Payments and Fees. a. The fees associated to JBD eMONĒco REFERRED SPONSOR are outlined in Exhibit B of this Agreement which is hereby incorporated by reference herein.
b. For the first year, JBD eMONĒco REFERRED SPONSOR will receive revenue share based on all Accountholder’s card usage, the associated fees charged. After which JBD eMONĒco REFERRED SPONSOR must maintain a minimum of 500 1,000 cumulative Active Accountholders per SPONSORship SPONSORSHIP annually as set forth in Section 5 of this Agreement to continue receiving revenue. JBD eMONĒco REFERRED SPONSOR shall receive revenue sharing payments from JBD eMONĒco through MOBILE MONE the mobile monē Mobile Banking Platform according to the specific transaction fees scheduled in Exhibit A which is hereby incorporated by reference herein. Based on Accountholder’s card usage and the associated fees charged (retail price), JBD eMONĒco REFERRED SPONSOR agrees to the “Revenue Sharing Fee Schedule,” set forth in Exhibit A herein. Upon JBD eMONĒco REFERRED SPONSOR’s SPONSOR written request and direction, JBD eMONĒco may agree, in its sole discretion, to deduct amounts from the commissions otherwise payable to JBD eMONĒco REFERRED SPONSOR and to pay such amounts instead to such agents or other representatives not registered with JBDeMONĒco. These payments by JBD eMONĒco through MOBILE MONE the mobile monē Mobile Banking Platform are subject to the restrictions and limitations of this Agreement, and JBD, MOBILE MONEeMONĒco, its Processor or its affiliates will have no liability for its failure to pay any sums to any such agents or representative.
c. During the term of this Agreement, for Active Accountholders, JBD eMONĒco through MOBILE MONE its Processor will remit payment due to JBD eMONĒco REFERRED SPONSOR, within 30 days after the prior month end from the fees earned during that month from JBD eMONĒco REFERRED SPONSOR’s ’ Active Accountholders. JBD eMONĒco through MOBILE MONE its Processor shall provide JBD eMONĒco REFERRED SPONSOR with commission reporting in accordance with MOBILE MONE mobile monē standard formats and procedures. Notwithstanding any other provision to the contrary, in the event of termination as set forth in Section 5, JBD eMONĒco through MOBILE MONE its Processor will pay JBD eMONĒco REFERRED SPONSOR any revenue shares earned prior to the effective date of termination.
d. Accountholder retail prices are subject to change and JBD eMONĒco will provide a 30 day written and/or electronic notice to JBD eMONĒco REFERRED SPONSOR, REP, and Accountholder of such changes and any new retail fees. In the event of any new retail fees charged that JBD eMONĒco REFERRED SPONSOR may share in, JBD eMONĒco shall amend Exhibit A to include the new retail fees and corresponding revenue share due JBD eMONĒco REFERRED SPONSOR. Should a pricing adjustment notification be made that significantly changes the business model, JBD eMONĒco REFERRED SPONSOR reserves the right to terminate this agreement with a 30 day written notice.
e. Upon signing of written Agreement, fees associated to become a JBD MOBILE MONE an eMONĒco mobile monē REFERRED SPONSOR are refundable, excluding set up cost as set forth in Exhibit B, if this Agreement is terminated within 90 days.
f. JBD eMONĒco REFERRED SPONSOR must provide JBD eMONĒco with written notice of dispute regarding the amount of any payments (or lack thereof) made to JBD eMONĒco REFERRED SPONSOR or regarding the manner in which MOBILE MONE mobile monē provided services for JBD eMONĒco REFERRED SPONSOR/SPONSOR”S SPONSOR (as defined in Exhibit A) for calculated commissions under this Agreement. JBD REFERRED SPONSOR shall have the right, at its own expense and not more than once in any twelve (12) month period, to inspect at reasonable times MOBILE MONE relevant accounting records to verify the accuracy of commissions paid by JBD through MOBILE MONE under the terms of this Agreement. JBD REFERRED SPONSOR shall receive any assistance that they may reasonably require. If the audit correctly reveals that JBD through MOBILE MONE has underpaid JBD REFERRED SPONSOR, then JBD shall reimburse the amount of underpayment.
g. Commissions paid by JBD eMONĒco, through MOBILE MONE its Processor to JBD eMONĒco REFERRED SPONSOR are exclusive of federal, state and local taxes, tax like charges, fees and surcharges (“Tax” or “Taxes”), which JBD eMONĒco REFERRED SPONSOR shall pay. JBD eMONĒco REFERRED SPONSOR will be responsible for all Taxes due as a result of receiving payments of commissions by JBD eMONĒco, through MOBILE MONE its Processor, to JBD eMONĒco REFERRED SPONSOR, including, but not limited to, income taxes and withholding taxes.
Appears in 1 contract
Samples: Sponsorship & Marketing Agreement
Payments and Fees. a. The fees associated to JBD eMONĒco REFERRED SPONSOR are outlined in Exhibit B of this Agreement which is hereby incorporated by reference herein.
b. For the first year, JBD eMONĒco REFERRED SPONSOR will receive revenue share based on all Accountholder’s card usage, the associated fees charged. After which JBD eMONĒco REFERRED SPONSOR must maintain a minimum of 500 cumulative Active Accountholders per SPONSORship SPONSORSHIP annually as set forth in Section 5 of this Agreement to continue receiving revenue. JBD eMONĒco REFERRED SPONSOR shall receive revenue sharing payments from JBD eMONĒco through MOBILE MONE the mobile monē Mobile Banking Platform according to the specific transaction fees scheduled in Exhibit A which is hereby incorporated by reference herein. Based on Accountholder’s card usage and the associated fees charged (retail price), JBD eMONĒco REFERRED SPONSOR agrees to the “Revenue Sharing Fee Schedule,” set forth in Exhibit A herein. Upon JBD eMONĒco REFERRED SPONSOR’s SPONSOR written request and direction, JBD eMONĒco may agree, in its sole discretion, to deduct amounts from the commissions otherwise payable to JBD eMONĒco REFERRED SPONSOR and to pay such amounts instead to such agents or other representatives not registered with JBDeMONĒco. These payments by JBD eMONĒco through MOBILE MONE the mobile monē Mobile Banking Platform are subject to the restrictions and limitations of this Agreement, and JBD, MOBILE MONEeMONĒco, its Processor or its affiliates will have no liability for its failure to pay any sums to any such agents or representative.
c. During the term of this Agreement, for Active Accountholders, JBD eMONĒco through MOBILE MONE its Processor will remit payment due to JBD eMONĒco REFERRED SPONSOR, within 30 days after the prior month end from the fees earned during that month from JBD eMONĒco REFERRED SPONSOR’s ’ Active Accountholders. JBD eMONĒco through MOBILE MONE its Processor shall provide JBD eMONĒco REFERRED SPONSOR with commission reporting in accordance with MOBILE MONE mobile monē standard formats and procedures. Notwithstanding any other provision to the contrary, in the event of termination as set forth in Section 5, JBD eMONĒco through MOBILE MONE its Processor will pay JBD eMONĒco REFERRED SPONSOR any revenue shares earned prior to the effective date of termination.
d. Accountholder retail prices are subject to change and JBD eMONĒco will provide a 30 day written and/or electronic notice to JBD eMONĒco REFERRED SPONSOR, REP, and Accountholder of such changes and any new retail fees. In the event of any new retail fees charged that JBD eMONĒco REFERRED SPONSOR may share in, JBD eMONĒco shall amend Exhibit A to include the new retail fees and corresponding revenue share due JBD eMONĒco REFERRED SPONSOR. Should a pricing adjustment notification be made that significantly changes the business model, JBD eMONĒco REFERRED SPONSOR reserves the right to terminate this agreement with a 30 day written notice.
e. Upon signing of written Agreement, fees associated to become a JBD MOBILE MONE an eMONĒco mobile monē REFERRED SPONSOR are refundable, excluding set up cost as set forth in Exhibit B, if this Agreement is terminated within 90 days.
f. JBD eMONĒco REFERRED SPONSOR must provide JBD eMONĒco with written notice of dispute regarding the amount of any payments (or lack thereof) made to JBD eMONĒco REFERRED SPONSOR or regarding the manner in which MOBILE MONE mobile monē provided services for JBD eMONĒco REFERRED SPONSOR/SPONSOR”S SPONSOR (as defined in Exhibit A) for calculated commissions under this Agreement. JBD REFERRED SPONSOR shall have the right, at its own expense and not more than once in any twelve (12) month period, to inspect at reasonable times MOBILE MONE relevant accounting records to verify the accuracy of commissions paid by JBD through MOBILE MONE under the terms of this Agreement. JBD REFERRED SPONSOR shall receive any assistance that they may reasonably require. If the audit correctly reveals that JBD through MOBILE MONE has underpaid JBD REFERRED SPONSOR, then JBD shall reimburse the amount of underpayment.
g. Commissions paid by JBD eMONĒco, through MOBILE MONE its Processor to JBD eMONĒco REFERRED SPONSOR are exclusive of federal, state and local taxes, tax like charges, fees and surcharges (“Tax” or “Taxes”), which JBD eMONĒco REFERRED SPONSOR shall pay. JBD eMONĒco REFERRED SPONSOR will be responsible for all Taxes due as a result of receiving payments of commissions by JBD eMONĒco, through MOBILE MONE its Processor, to JBD eMONĒco REFERRED SPONSOR, including, but not limited to, income taxes and withholding taxes.
Appears in 1 contract
Samples: Sponsorship Marketing Agreement