Direct sales company definition

Direct sales company means a person that:
Direct sales company means a person that: sells, distributes, or supplies for consideration a good or service through participants: at different levels of distribution; or in accordance with a formula for compensating participants in whole or in part based on: the sale of a good or service; and the recruitment of or the performance or action of another participant; and permits participants to recruit other participants to sell, distribute, or supply for consideration the person's good or service; or provides for commission, cross-commissions, override commissions, bonuses, refunds, dividends, or other consideration that is or may be paid as a result of: the sale of a good or service; or the recruitment of or the performance or action of another participant. As used in this Subsection (3), "participant" means an independent agent, contractor, or distributor. "Principal" means a person who: engages in any of the following activities with regard to a product or service: manufactures; produces; imports; sells; or distributes; establishes a business relationship with a sales representative to solicit orders for a product or a service described in Subsection (4)(a); and agrees to compensate a sales representative, in whole or in part, by commission. Except as provided in Subsection (5)(b), "sales representative" means a person who enters into a business relationship with a principal: to solicit orders for a product or a service described in Subsection (4)(a); and under which the person is compensated, in whole or in part, by commission. "Sales representative" does not include: an employee of a principal; a person licensed under Title 31A, Insurance Code; a person licensed under Title 41, Chapter 3, Part 2, Licensing; a person licensed under Title 61, Chapter 2f, Real Estate Licensing and Practices Act; a person who provides a product or service under a business relationship with a principal that is incident to the purchase or sale of real property; a person who places an order or purchases a product or service for that person's own account for resale; or an independent agent, contractor, or distributor through whom a direct sales company supplies for consideration a good or service. "Terminates" or "termination" means the end of a business relationship between a sales representative and a principal, whether by: agreement; expiration of a time period; or exercise of a right of termination by either the principal or the sales representative. Enacted by Chapter 65, 2007 General Session...

Related to Direct sales company

  • Direct holdings means all publicly traded securities of a company that are held directly by the state treasurer or a retirement system in an actively managed account or fund in which the retirement system owns all shares or interests.

  • Operating Company means an “operating company” within the meaning of 29 C.F.R. §2510.3-101(c) of the Plan Asset Regulations.

  • Production company means a person or entity engaged in the business of making motion picture, television, or radio images for theatrical, commercial, advertising, or education purposes; Reserved

  • Retail Store – means any business facility that sells goods directly to the consumer whether for or not-for-profit, including, but not limited to, retail stores, restaurants, pharmacies, convenience and grocery stores, liquor stores, as well as seasonal and temporary businesses.

  • Distribution Company means a distribution company as defined in Section 1 of Chapter 164 of the Massachusetts General Laws.3

  • Specialty fertilizer means a fertilizer distributed primarily for nonfarm use.

  • Direct services means special education services provided by a special education teacher when the services are related to instruction, including cooperative teaching.

  • Distributor / Distribution Company means Company(ies), Firm(s), Sole Proprietorship concern(s), individual(s), Banks or any other Financial Institution appointed by the Management Company under intimation to the Trustee for performing any or all of the Distribution Functions and who are registered with MUFAP as Registered Service Providers. The Management Company may itself also performs the Distribution Function.

  • Eligible production company means that term as defined under section 455 of the Michigan business tax act, 2007 PA 36, MCL 208.1455.

  • Distribution center means a building or structure used primarily for the storage of goods which are intended for subsequent shipment to retail outlets. Distribution center does not mean a building or structure used primarily to store raw agricultural products, used primarily by a manufacturer to store goods to be used in the manufacturing process, used primarily for the storage of petroleum products, or used for the retail sale of goods.

  • UCITS management company means a management company as defined in Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS)1;

  • Ohio Business Gateway means the online computer network system, created under section 125.30 of the Ohio Revised Code, that allows persons to electronically file business reply forms with state agencies and includes any successor electronic filing and payment system.

  • Management Company means the firm overseeing the operation and management of the Participating Property; and shall mean the Grantee in any event wherein the Management Company is required to perform any obligations under this Agreement.

  • Asset Management Plan means a strategic document that states how a group of assets are to be managed over a period of time. The plan describes the characteristics and condition of infrastructure assets, the levels of service expected from them, planned actions to ensure the assets are providing the expected level of service, and financing strategies to implement the planned actions. The plan may use any appropriate format, as long as it includes the information and analysis required to be in a plan as described in Ontario’s Building Together: Guide for Asset Management Plans.

  • Asset Management Company means an asset Management Company as defined in the Rules and Regulations.

  • Indirect services means special education services provided by a special education teacher which include ongoing progress reviews; cooperative planning; consultation; demonstration teaching; modification and adaptation of the environment, curriculum, materials, or equipment; and direct contact with children with disabilities to monitor and observe.

  • Indirect holdings means all securities of a company that are held in an account or fund, including a mutual fund, that is managed by one or more persons who are not employed by the state treasurer or a retirement system, if the state treasurer or retirement system owns shares or interests either:

  • Direct service means services involving face-to-face assistance to a consumer such as transporting a consumer or providing therapy.

  • snippet shall have the meaning set out at Recital A;","hash":"813a6ffb30076cb349f66a8364b0fb3a","id":6},{"size":1,"snippetLinks":[{"key":"meaning","type":"clause","offset":[8,15]},{"key":"set","type":"clause","offset":[16,19]},{"key":"the-recitals","type":"clause","offset": [29,41]}],"samples":[{"uri":"/contracts/jhwMa33a02i#assignment-letter","label":"License and Supply Agreement (Vivus Inc)","score":21}],"snippet":"has the meaning set forth in the Recitals.","hash":"8147307746bce1e7e7ce0d9d9441a89a","id":7},{"size":1,"snippetLinks":[{"key":"the-particulars","type":"clause","offset":[6,21]},{"key":"assignment- to","type":"clause","offset":[29,42]},{"key":"performed-by","type":"clause","offset":[46,58]},{"key":"associate","type":"clause","offset":[63,72]}],"samples":[{"uri":"/contracts/kaNWrTtfjki#assignment-letter","label":"Agreement and Terms of Business","score":21}],"snippet":"means the particulars of the Assignment to be performed by the Associate.","hash":"bd75f1727aae028050aeece2ac32060a","id":8},{"size":1,"snippetLinks":[{"key":"that-certain","type":"definition","offset":[6,18]},{"key":"assignment","type":"clause","offset":[19,29]},{"key":"side-letter","type":"clause","offset":[30,41]},{"key":"dated-as-of","type":"definition","offset":[43,54]},{"key":"date- hereof","type":"clause","offset":[59,70]},{"key":"borrower","type":"clause","offset":[78,86]},{"key":"administrative-agent-and-lenders","type":"clause","offset":[88,120]}],"samples":[{"uri":"/contracts/84rXUsuvT9Q#assignment-letter","label":"Financing Agreement (TherapeuticsMD, Inc.)","score":21}],"snippet":"means that certain Assignment Side Letter, dated as of the date hereof, among Borrower, Administrative Agent and Lenders.","hash":"542ac5f8004066ce75a5a5108ba840c2","id":9}],"nextCurs":""}} id=pagination-first-page> , known to be the person(s) who executed the previous instrument.

  • Retail tobacco store means a retail store utilized primarily for the sale of tobacco products and accessories and in which the sale of other products is merely incidental.

  • PPT means Pacific Daylight time when California observes Daylight Savings Time and Pacific Standard Time otherwise.

  • Farmland means land actively devoted to agricultural or

  • Operating Companies shall have the meaning specified in the recitals to this Agreement.

  • Transportation network company driver or “driver” means an

  • Series Company refers to the form of registered open-end investment company described in Section 18(f)(2) of the 1940 Act or in any successor statutory provision;

  • Transportation network company means a company or organization facilitating and/or providing transportation services using a computer or digital application or platform to connect or match passengers with drivers for compensation or a fee.