Net Commission definition
Examples of Net Commission in a sentence
Subscriber Commissions are specified in the record field "Net Commission Due" as described on Exhibit "A".
Capital Investment Group also may deduct from the Net Commission any amount attributable to defaults by Customers.
In the event the Net Commission received by the Cantor Parties does not reflect an amount equal to 66.67% and the Net Commission received by Scotia Parties does not reflect an amount equal to 33.33%, respectively, of the sum of the total Net Commission paid by the Company in such quarter, then the Agent who has received an amount of Net Commission in excess of its respective percentage (such agent, the “Paying Agent”, and such amount, the “True Up Payment”) shall pay to the other Agent the True Up Payment.
For a sale to generate a Net Commission, the customer must follow the Link for your Website to our Website, purchase the product or service in question using our online ordering system, accept delivery of the products or service, if applicable, at the shipping destination, and remit full payment to us.
The term "Net Commission Income" shall mean the gross commissions or fees received and/or billed by TIG as a result of the sale of insurance products or policies less commissions payable to the writing agent.
We will pay your Net Commission on a monthly basis when total Net Commissions equal or exceed $100.00.
From and after April 1, 2000, the monthly Net Commission Pool shall be divided equally between the parties.
If, however, Capital Insurance Affiliates or Capital Investment Group assists in the transaction, the Net Commission is split, and, then, the prevailing grid applies.
As used in this Schedule, Net Commission shall be defined as the Gross Dealer Concession received by Capital Investment Group less expenses as a result of any and all product sales placed through Capital Investment Group by its Representative for as long as the attached Agreement is in effect.
Executive bonus compensation paid on this Sub-Producer Call Center shall be ten percent (10%) of the Product Net Price/Product Net Commission, whichever is applicable, as defined in the Employment Agreement.