Payment of Commissions definition

Payment of Commissions. “Commissionable Event” means the occurrence of an event when a commission is accrued per Section 2(b) of the Agreement. “YTD Commissions” means the sum of all commissions accrued year-to-date. “YTD Compensation” means the sum of all Commissions, Recoverable Draw, and bonuses paid year to date. At the pay period immediately after the occurrence of a “Commissionable Event,” a commission shall be paid for the pay period, if and only if the YTD Commissions are greater than the YTD Compensation. The amount of commission due shall be the YTD Commissions minus the YTD Compensation. At each pay period, if the YTD Compensation exceeds the annual Recoverable Draw, the portion of the Recoverable Draw due for that pay period and all subsequent pay periods in the year shall no longer be paid, and thereafter the Executive shall be responsible to pay to the Company the employee portion of his elected benefits for continued coverage.
Sample 1

Examples of Payment of Commissions in a sentence

  • Payment of Commissions earned hereunder shall be as specified in or with reference to the terms and conditions of the Senior Secured Facility Loan Documents and may be based on the attainment of certain performance benchmarks by the PSL Agent and/or its Subagent(s).

  • For example, being an employee or owner of an entity that has entered into an agreement in the form set out in Schedule ‘A’ of MFDA Staff Notice MSN-0072 Payment of Commissions to Unregistered Corporations is reportable.

  • Payment of Commissions and BonusesCommission Bonuses earned with Purium are either paid weekly or monthly depending on the Commission Period.

  • Payment of Commissions: LS shall be responsible for payment to Broker/Agent of all commissions on memberships sold or issued through Broker/Agent.

  • Payment of Commissions shall be made by Skrill USA solely by depositing such Commissions into Affiliate’s Skrill USA Digital Wallet Account.

  • Collectively, all accrued Commissions shall be the “Outstanding Commissions.” US Commission ($K) 0 0 0 50 75 100 125 150 175 200 x-US Commission ($K) 0 0 0 0 25 50 75 100 125 150 Down Payment ($MM) 0 0.5 1 1.5 2 2.5 3 3.5 4 4.5 Down Payment Commission ($K) 0 10 25 44 63 81 100 119 138 156 (c) Payment of Commissions.

  • Payment of Commissions will be made in accordance with the above, once monthly on the 15th day of the month for the prior month’s activity, by electronic funds transfer.

  • In addition to reimbursement of the PSL Costs incurred by the PSL Agent and/or its Subagents pursuant to Section 6.1 above, the PSL Agent and/or the PSL Agent’s Subagent(s), as applicable, will receive commissions for sales of PSLs sold by the PSL Agent or its Subagent(s) (the “Commissions”), as determined pursuant to this Section 6.2. Payment of Commissions earned hereunder shall be based on the attainment of certain performance benchmarks by the PSL Agent and/or its Subagent(s).

  • Pursuant to NSHE policy Title 4, Section 1.9, Purchasing Policy Leases and Section 3, Payment of Commissions, TMCC wishes to enter into a long-term lease with SRK Engineering for approximately 10,139 square feet of the total 37,109 square feet available to rent at the Meadowood North building located at 5250 Neil Road, Reno, NV.

  • Division 4 Payment of Commissions, Discounts, Interests, and Debentures and Floating Charges, etc.

Related to Payment of Commissions

  • the Commission means the Charity Commission for England and Wales;

  • Housing commission means a housing commission or housing authority as defined under section 3 of the housing cooperation law, 1937 PA 293, MCL 125.603.

  • Leasing Commissions means leasing commissions incurred by Borrower in connection with leasing any Mortgaged Property or any portion thereof (including renewals of existing Leases).

  • Ceding Commission means [REDACTED]. ]

  • Federal Energy Regulatory Commission or "FERC" means the

  • Planning Commission means the Planning Commission of the City.

  • Central Commission means the Central Electricity Regulatory Commission referred to in sub-section (1) of section 76 of the Act;

  • Securities Commissions means the securities commission or other securities regulatory authority in each of the Qualifying Jurisdictions;

  • CPSC means the U.S. Consumer Product Safety Commission.

  • Selling Commissions means any and all commissions payable to underwriters, dealer managers or other broker-dealers in connection with the sale of Shares, including, without limitation, commissions payable to the Dealer Manager.

  • State Commission means any state regulatory agency having jurisdiction over retail electricity sales in any State in the PJM Region.

  • SEBI Listing Regulations means SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, as amended

  • Department of Education means the United States Department of Education.

  • Nuclear Regulatory Commission (NRC) means the U.S. Nuclear Regulatory Commission or its duly authorized representatives.

  • Election Commission means the Election Commission appointed by the President under article 324;

  • Goods and Services Tax (Compensation to States) Act means the Goods and Services Tax (Compensation to States) Act, 2017;

  • Michigan economic growth authority means the Michigan economic growth authority created in the Michigan economic growth authority act, 1995 PA 24, MCL 207.801 to 207.810.

  • Joint Commission means the accrediting body whose standards are referred to in these Bylaws.

  • Canadian Securities Commissions means the securities regulatory authorities in each of the Qualifying Jurisdictions;

  • Tax Commission means the Oklahoma Tax Commission;

  • Antitrust Division means the Antitrust Division of the United States Department of Justice.

  • Listing Regulations means the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

  • City Commission means the legislative body of the City of Miami.

  • SEBI ICDR Regulations means Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended;

  • Paycheck Protection Program means loan program created by Section 1102 of the CARES Act.

  • Diocesan Schools Commission means the education service provided by the diocese, which may also be known, or referred to, as the Diocesan Education Service.