Bonuses and Commissions Sample Clauses

Bonuses and Commissions. (a) The Executive shall also receive from the Effective Date of this Agreement: (1) a commission bonus of $10,000 for each transaction brought to Summus by Executive that the Company receives a gross profit of $250,000 from. No funds under this provision of Executive’s employment agreement shall be payable until a gross profit of $250,000 is received by the Company from each such respective transaction. (2) a commission bonus of three percent (3%) of the gross profit received by Summus from all transactions brought to the Company by Executive and a commission bonus of one percent (1%) of the gross profit received by the Company from all other transactions of the Company brought by personnel under Executive’s supervision. No funds under this provision of Executive’s employment agreement shall be payable to him until funds are received by Summus. Executive shall receive the commission bonus on the transactions as set forth in this Section 5.2 (b)(2) for a period of eighteen (18) months from the launch of each such product related to these transactions arranged by him or by personnel under Executive’s supervision, as the case may be. After such eighteen (18) month period has expired, the commission bonus pursuant to this Section 5.2 (b)(2) shall expire and no longer be payable to Executive. Any funds payable to Executive pursuant to this Section 5.2(b)(2) shall be net of any bonuses earned by Executive pursuant to Section 5.2(b)(1) of this Agreement. For purposes of all of Executive’s commission calculations “gross profit” is equal to revenue received by the Company from such transaction or transactions minus the direct costs and any and all partnership costs associated with such revenues in accordance with generally accepted accounting principles (GAAP). (b) The Company may consider the Executive for a cash bonus for each fiscal year, or part thereof that he is employed by the Company, in an amount to be determined at the discretion of the Board. (c) Any cash bonus earned by the Executive pursuant to the provisions of this Section 5.2 or any other provision of this Agreement shall not be paid to the Executive unless and until the Company has achieved a cash flow positive position, which will be certified to the Board of Directors by an executive officer of the Company.

Bonuses and Commissions. 6.1 — Bonus and Commission Qualifications To receive bonuses and commissions in accordance with the Compensation Plan (Essanté Earnings), located online at ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇, an Associate (Executive) must: A. Be active and qualified; B. Be in compliance with the Agreement; and C. Register and be approved for their choice: Either the Essante Organics Pay Card or Direct Deposit, and accumulate the minimum for each commission load (shown below). USA Pay Card Per Commission Load Minimum: $20.00 USA Auto Deposit (Bank Transfer) Per Commission Load Minimum: $20.00 INTL Pay Card Per Load Commission Minimum: $20.00 INTL Auto Deposit (Bank Transfer) Per Commission Load Minimum: $50.00 6.2.1 - Adjustments for Returned Products Associates (Executives) receive bonuses and commissions based on the actual sales of products to end consumers. When a product is returned to Essanté Organics for a refund (or is repurchased by the Company), the bonuses and commissions originally paid on that sale to the selling Associate (Executive) will be deducted from the selling Associate’s (Executive’s) commissions, in the month in which the refund is given (and continuing every pay period thereafter until the paid commission is recovered in full). In the event any such Associate (Executive) terminates his or her Agreement, the remainder of the outstanding balance may be set off against any amounts owed to the terminated Associate (Executive) pursuant to Section 7.2.

Bonuses and Commissions. 8.1 Commission Earned, Payouts, Minimums And Frequency

Bonuses and Commissions. Executive shall be eligible to participate in Savoy's Bonus Plan and Savoy's Long Term Incentive Compensation Program as may be adopted and approved from time to time by the Board (or a committee or designee thereof).

Bonuses and Commissions. If the Closing Date occurs in the 2022 calendar year, through the end of 2022, Parent shall continue for the benefit of each Continuing Employee, each Company Benefit Plan that is an annual bonus or annual commission plan in accordance with the terms of each such plan as in effect immediately prior to the Closing Date; provided that bonuses for 2022 shall be paid out under such plan as determined by the Compensation Committee of the Company Board prior to the Closing Date.

Bonuses and Commissions. The Buyers shall cause the relevant Acquired Company to honor all bonus and commissions arrangements in effect on the Closing Date, as required pursuant to applicable Law, provided such arrangements were disclosed to Buyer in Section 4.13 of the Seller Disclosure Letter. Notwithstanding anything in this Article VIII to the contrary, the Sellers shall be solely responsible for, and shall satisfy any obligations under, any arrangement pursuant to which any Transferred Employee has any right to a change of control bonus, retention bonus, transaction bonus or similar “single trigger” payment as a result of the Transactions (it being understood and agreed that the Sellers shall not be responsible for any payment which is conditioned upon the occurrence of any one or more events other than the closing of the Transactions). Seller shall not, and shall cause its Affiliates not to, enter into any arrangement pursuant to which any Transferred Employee has any right to receive a change of control bonus, retention bonus, transaction bonus or similar payment that contains a “double trigger” payment as a result of the Transactions (it being understood and agreed that the Sellers and their Affiliates shall not enter into any such arrangement that provides for any payment which is conditioned upon the occurrence of any one or more events other than the Closing of the Transactions).

Bonuses and Commissions. During the Bankruptcy Case, Seller shall continue to pay in full to employees of Seller all bonuses and commissions as they become due and payable consistent with normal course past practices and in conformity with any Seller plans applicable to such bonuses and commissions.

Bonuses and Commissions. Without limiting the generality of this Section 7.5, and only to the extent the Closing Date is prior to February 1, 2025, with respect to each Transferred Employee who is eligible to receive a cash bonus or incentives under an Employee Benefit Program included on Schedule 7.5(h) (each such Employee Benefit Program, a “Bonus Plan”) as of immediately prior to the Closing, Buyer shall assume and honor, or cause its Affiliates to assume and honor, any and all obligations under such Bonus Plans to pay such Transferred Employee’s bonus and/or incentives with respect to the performance period ending January 31, 2025, to each Transferred Employee who remains employed through January 31, 2025, in accordance with the terms of the applicable Bonus Plan (the “Assumed Incentive Payments”). Buyer or its Affiliates shall pay the Assumed Incentive Payments to eligible Transferred Employees no later than March 13, 2025. Seller shall reimburse Buyer for the Assumed Incentive Payments actually paid by Buyer in accordance with this Section 7.5(h); provided, Buyer provides Seller with reasonably acceptable evidence of such payments actually made. For the avoidance of doubt, the amount of any reimbursement pursuant to this Section 7.5(h) shall not reduce the Reimbursement Pool under Section 7.5(c). For the avoidance of doubt, if the Closing Date occurs on or after February 1, 2025, Buyer shall not assume any obligation to make the Assumed Incentive Payments, and Seller will make direct payment of such amounts.

Bonuses and Commissions. You must be a current Independent Wellness Consultant and in compliance with the Agreement to qualify for bonuses and commissions. MAPLE ORGANICS pays commissions, in accordance with the Success Plan, on your personal selling activity. There is no minimum sales requirement to receive commission on your sales. Commissions cheques are processed and generated after the end of each month and are scheduled to mail within 10 business days after month-end. Attached to each cheque is an itemized statement of earnings. MAPLE ORGANICS Independent Wellness Consultants should retain all itemized earnings statements for their tax records. The minimum amount for which MAPLE ORGANICS will issue a cheque is $10. If a MAPLE ORGANICS Independent Wellness Consultant’s commissions and profit share do not equal or exceed $10, the Company will accrue the earnings until they total $10. A cheque will be issued once $10 has been accrued. All accrued overrides, commissions and bonuses will be paid out in the last earnings cycle of the year regardless of the amount accrued. The last earnings cycle ends in December, but commissions and profit share are not paid until January of the following year. Direct deposit will be available in the future to those who so desire it. Please allow time for the postal service to deliver any cheque. MAPLE ORGANICS Independent Wellness Consultants who haven’t received a cheque by the first day of the next month should contact the MAPLE ORGANICS head office.