Common use of SALES COMMISSIONS ON OTHER SERVICES AND PRODUCTS Clause in Contracts

SALES COMMISSIONS ON OTHER SERVICES AND PRODUCTS. In addition to the payment of sales commissions relating to third party administrative services for workers' compensation and unemployment compensation claims and MCO services, as described above, the Company shall pay to the Executive sales commissions on fees payable to the Company with respect to the Company's other services and/or products (collectively, the "Other Services"), which fees were generated by the sales efforts of the Executive. Such sales commissions shall be payable only on the first year of fees payable by a customer of the Company for one or more of the Other Services. The amount of sales commissions for Other Services shall vary with respect to each service or product offered by the Company, with the amount of sales commissions ranging from 10% to up to 25% of the fees for each Other Service. The amount of sales commissions for each Other Service shall be determined by the Chief Executive Officer of the Company and shall be subject to allocation as described in subsection (d), below, and review and approval by the WCH Board. With respect to a business acquisition by the Company (whether such acquisition is structured as an asset, stock, merger, or other similar type of transaction), no sales commissions on Other Services shall be payable with respect to any fees received by the Company from any customer who, at the time of such acquisition, was receiving such service or product from the business acquired by the Company.

Appears in 6 contracts

Samples: Employment Agreement (Security Capital Corp/De/), Employment Agreement (Security Capital Corp/De/), Employment Agreement (Security Capital Corp/De/)

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SALES COMMISSIONS ON OTHER SERVICES AND PRODUCTS. In addition to the payment of sales commissions relating to third party administrative services for workers' compensation and unemployment compensation claims and MCO services, as described above, the Company shall pay to the Executive Employee sales commissions on fees payable to the Company with respect to the Company's other services and/or products (collectively, the "Other Services"), which fees were generated by the sales efforts of the ExecutiveEmployee. Such sales commissions shall be payable only on the first year of fees payable by a customer of the Company for one or more of the Other Services. The amount of sales commissions for Other Services shall vary with respect to each service or product offered by the Company, with the amount of sales commissions ranging from 10% to up to 25% of the fees for each Other Service. The amount of sales commissions for each Other Service shall be determined by the Chief Executive Officer of the Company and shall be subject to allocation as described in subsection (d), below, and review and approval by the WCH Board. With respect to a business acquisition by the Company (whether such acquisition is structured as an asset, stock, merger, or other similar type of transaction), no sales commissions on Other Services shall be payable with respect to any fees received by the Company from any customer who, at the time of such acquisition, was receiving such service or product from the business acquired by the Company.

Appears in 2 contracts

Samples: Employment Agreement (Health Power Inc /De/), Employment Agreement (Health Power Inc /De/)

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