Accrued Commissions definition

Accrued Commissions means accrued commissions payable by the Company calculated in accordance with GAAP applied on a basis consistent with the preparation of the Financial Statements.
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Accrued Commissions shall be as defined in Section 6.7(a)(v).
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Accrued Commissions. Has the meaning set forth in Section 1.3(b).
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Examples of Accrued Commissions in a sentence

  • Includes Accrued Commissions of $13,090 and Accrued Interest of $4,261, for the three months ended June 27, 1997.

  • Includes Accrued Commissions of $13,065 and Accrued Interest of $10,871, at September 26, 1997.

  • The Associate's Reserve Fund is the remainder after/payments are made to the Associate after an amount equal to all of IHI's Cost and additional charges if any, Primary, Administered and Accrued Commissions and Initial Payments in a Calendar Month Unit's/Contract Receivable Units/Bulk Purchase Unit's (whichever is applicable) purchase of Receivables have been paid to IHI in immediately available funds.

  • Total Liabilities: Includes Accrued Commissions of $10,573 and $7,380 and Accrued Interest of $9,712 and $7,745, for the period ended March 28, 1997 and the six months ended March 29, 1996, respectively.

  • Includes Accrued Commissions of $10,573 and $13,090 and Accrued Interest of $9,712 and $4,261, for the year ended March 28, 1997 and the three months ended June 27, 1997, respectively.

  • Xxxxxxxx, Senior Vice President and Secretary Schedule 2.2(a) ---------------- Accounts Payable and Accrued Expenses to be Assumed Summary of Financial Data List of Accrued Commissions List of Groups with Brokers Attached Approximate Value $16,000 Summary of Deferred Revenue Schedule 2.3(b) --------------- Other Executory Obligations to be Assumed (NONE) Schedule 2.5 ------------ Excluded Assets Lease for Office Space located at 000 Xxxx Xxxx Xxxxx, XX.

  • The Accrued Commissions on Letters of Guarantee while outstanding are set at one-half those of funded Initial Payments.

  • Includes Accrued Commissions of $10,573 and $7,380 and Accrued Interest of $9,712 and $7,745, for the period ended March 28, 1997 and the six months ended March 29, 1996, respectively.

  • If IHI funds the Associate/third parties as required by the terms of the Letter of Guarantee then, as of the date of the funding, those Accrued Commissions that would be applicable will be charged to Associate (see paragraphs 1 and 3 above).

  • Buyer shall reimburse Seller and shall indemnify and hold harmless Seller and its Affiliates from and against the Accrued Bonus and Accrued Commissions and the employer portion of Taxes due thereon.

Related to Accrued Commissions

  • Accrued Compensation means an amount which shall include all amounts earned or accrued through the "Termination Date" (as hereinafter defined) but not paid as of the Termination Date, including (i) base salary, (ii) reimbursement for reasonable and necessary expenses incurred by the Executive on behalf of the Company during the period ending on the Termination Date, (iii) vacation pay and (iv) bonuses and incentive compensation (other than the "Pro Rata Bonus" (as hereinafter defined)).

  • Accrued Amounts means:

  • Accrued Obligations means (i) all accrued but unpaid Base Salary through the date of termination of Executive’s employment, (ii) any unpaid or unreimbursed expenses incurred in accordance with Section 7 hereof, and (iii) any benefits provided under the Company’s employee benefit plans upon a termination of employment, in accordance with the terms contained therein.

  • Accrued Rights shall have the meaning set forth in Section 4(a)(iv).

  • Accrued Base Salary means the amount of Executive's Base Salary which is accrued but not yet paid as of the Date of Termination.

  • Accrued Benefits shall include the following amounts, payable as described herein: (i) all base salary for the time period ending with the Termination Date; (ii) reimbursement for any and all monies advanced in connection with the Executive's employment for reasonable and necessary expenses incurred by the Executive on behalf of the Company and its Affiliates for the time period ending with the Termination Date; (iii) any and all other cash earned through the Termination Date and deferred at the election of the Executive or pursuant to any deferred compensation plan then in effect; (iv) notwithstanding any provision of any bonus or incentive compensation plan applicable to the Executive, a lump sum amount, in cash, equal to the sum of (A) any bonus or incentive compensation that has been allocated or awarded to the Executive for a fiscal year or other measuring period under the plan that ends prior to the Termination Date but has not yet been paid (pursuant to Section 5(f) or otherwise) and (B) a pro rata portion to the Termination Date of the aggregate value of all contingent bonus or incentive compensation awards to the Executive for all uncompleted periods under the plan calculated as to each such award as if the Goals with respect to such bonus or incentive compensation award had been attained; and (v) all other payments and benefits to which the Executive (or in the event of the Executive's death, the Executive's surviving spouse or other beneficiary) may be entitled as compensatory fringe benefits or under the terms of any benefit plan of the Employer, including severance payments under the Employer's severance policies and practices in the form most favorable to the Executive that were in effect at any time during the 180-day period prior to the Effective Date. Payment of Accrued Benefits shall be made promptly in accordance with the Employer's prevailing practice with respect to clauses (i) and (ii) or, with respect to clauses (iii), (iv) and (v), pursuant to the terms of the benefit plan or practice establishing such benefits.

  • Accrued Professional Compensation means, at any given moment, all accrued, contingent and/or unpaid fees and expenses (including, without limitation, success fees) for legal, financial advisory, accounting and other services and reimbursement of expenses that are awardable and allowable under section 328, 330(a) or 331 of the Bankruptcy Code and were rendered before the Effective Date by any Retained Professional in the Chapter 11 Cases, or that are awardable and allowable under section 503 of the Bankruptcy Code, that have not been denied by a Final Order, all to the extent that any such fees and expenses have not been previously paid (regardless of whether a fee application has been filed for any such amount). To the extent that the Bankruptcy Court or any higher court denies or reduces by a Final Order any amount of a Retained Professional’s fees or expenses, then those reduced or denied amounts shall no longer constitute Accrued Professional Compensation.

  • Accrued Bonus means the bonus, which may be negative or positive, which is calculated in the manner set forth in Section V.A.

  • Accrued Amount has the meaning set forth in Section 3.1(b) of this Agreement.

  • Accrued Obligation means the sum of (a) Executive’s Annual Base Salary through the Termination Date for periods through but not following his Separation From Service and (b) any accrued vacation pay earned by Executive, in each case, to the extent not theretofore paid.

  • Accrued Servicing Fees based upon the Scheduled Principal Balance of the Mortgage Loan as calculated on a monthly basis.

  • Date of Termination means the date of receipt of the Notice of Termination or any later date specified therein, as the case may be; provided, however, that (i) if the Executive's employment is terminated by the Company other than for Cause or Disability, the Date of Termination shall be the date on which the Company notifies the Executive of such termination and (ii) if the Executive's employment is terminated by reason of death or Disability, the Date of Termination shall be the date of death of the Executive or the Disability Effective Date, as the case may be.

  • Base Salary shall have the meaning set forth in Section 3(a) hereof.

  • Compensation Accrued at Termination means the following:

  • Base Salary Amount means the greater of the Executive’s annual base salary (a) at the rate in effect on the Termination Date and (b) at the highest rate in effect at any time during the 180-day period prior to a Change in Control, and will include all amounts of the Executive’s base salary that are deferred under any qualified or non-qualified employee benefit plan of the Company or any other agreement or arrangement.

  • Accrued Expenses means the accrued and unpaid expenses appearing as a Liability on the Preliminary Closing Statement or the Final Closing Statement.

  • Accrued Liabilities shall include a pro rata contribution to each Employee Benefit Plan or with respect to each such obligation or arrangement for that portion of a plan year or other applicable period which commences prior to, and ends after, the Closing Date, and Accrued Liabilities for any portion of a plan year or other applicable period shall be determined by multiplying the liability for the entire such year or period by a fraction, the numerator of which is the number of days preceding the Closing Date in such year or period and the denominator of which is the number of days in such year or period, as the case may be.

  • Termination Benefits means the benefits described in Section 4.1(b).

  • Annual Salary means the salary given under this Part.

  • Basic Salary shall have the meaning assigned to it in Section 5 of this Agreement.

  • Pro Rata Bonus means an amount equal to the Bonus Amount multiplied by a fraction the numerator of which is the number of days in the fiscal year through the Termination Date and the denominator of which is 365.

  • Transaction Bonuses means any transaction bonuses payable by the Sellers or their Affiliates on or after the Closing to the Transferred Employees.

  • Bonuses means current cash compensation over and above Base Salary whether awarded under the Company’s Incentive Compensation Plan or otherwise awarded.

  • Earned Compensation means any Annual Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends pursuant to Section 3(a) (but excluding any salary and interest accrued thereon payment of which has been deferred).