Commission Adjustments Clause Samples
The Commission Adjustments clause defines how and when commission payments may be modified after their initial calculation or payment. Typically, this clause outlines scenarios such as returned products, canceled contracts, or errors in calculation that could require commissions to be increased, reduced, or clawed back. Its core function is to ensure that commission payments accurately reflect the final, actual business outcomes, thereby preventing overpayment or underpayment and maintaining fairness between the parties involved.
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Commission Adjustments. There shall be deducted by ENACT from ---------------------- any future commissions earned by, owed to or later accruing to ALZA, an amount equal to previously paid commissions (or a portion thereof) received by ALZA for any canceled Services for which a commission has been paid in advance, but only if ENACT refunds to the purchaser amounts paid by such purchaser in advance and only if such cancellation is not a result of ENACT's nonperformance under the applicable service agreement. This deduction from or charge against any future commissions shall be made within the three calendar months immediately following the event giving rise to the need for the deduction from or charge against present or future commissions. In the event that no commissions are earned by and payable to ALZA within such three calendar month period, ALZA shall reimburse ENACT for the full amount of such deduction or charge within thirty (30) days of the end of such three calendar month period.
Commission Adjustments. Any upline Member affected by returned products to Velovita will accordingly be subject to adjustments in his or her commissions, overrides and bonus accounts, personal vol- ume, etc. based upon all commissions and bonuses paid on the returned product.
Commission Adjustments. If commissions go up or down to the Company prior to a travel date, Independent Travel Consultant commission will always be based on the Company's actual commission received, less any discounts, rebates, ship credits, upgrades, or gifts given to clients. The Company shall have the right to deduct from commission payments due to the Independent Travel Consultant any amounts owed for services and supplies provided by the Company to the Independent Travel Consultant in the previous months. GROUPS If the Independent Travel Consultant books into the Company group space, you may choose to add-on an additional charge to your client. This additional charge will be treated as increased gross commission, to be split in the customary manner described above. The Independent Travel Consultant may choose to retain one earned free berth in any group for its own use or the free berth may be used as a credit to reduce the total charges of the client group. If the Independent Travel Consultant earns free berths, for any group, that are not passed on to the client, or that the Independent Travel Consultant does not retain for its personal use on the sailing for which the free berth was actually earned, the dollar value of the free berth will be treated as additional gross commission received by the Company, to be split in the customary manner as described above. The dollar value of free berths over and above those used for the client or used by the Independent Travel Consultant will be treated as additional gross commission received by the Company, to be split in the customary manner as described above. If you wish to book individuals into group space reserved by the Company, you must call the Company first to ensure availability still exists. For groups that you organize and sell yourself, it will be your responsibility to work with the Company representative to block group space, arrange for group incentives, and request that contracts be sent to the Company. For all individuals booked into any group space, you must obtain deposits on or before the option dates and supply the Company periodic information regarding booked individuals, i.e., dining preferences, etc. A form will be provided for your use. INDEMNIFICATION I n addition to any other provisions contained herein regarding reimbursement of fees, costs, expenses or damages incurred by the Company hereunder, in the event the acts or omissions of the Independent Travel Consultant, or any of its employees or agents, inc...
Commission Adjustments. Any upline distributor affected by returned products to ▇▇▇▇▇ will accordingly be subject to adjustment in his/her commissions, overrides and bonus accounts, personal volume, etc. based upon all commissions and bonuses paid on the returned products.
Commission Adjustments. Tedalal reserves the right to request an increase or decrease in its fixed fees for a temporary period to run specific campaigns with mutual consent.
Commission Adjustments. Average Commission Adjustments (Account 403) such as commission rate adjustments and policy cancellations are normally recorded when billed.
Commission Adjustments. Any upline distributor affected by returned products to TAUKEMAS will accordingly be subject to adjustment in his/her commissions, overrides and bonus accounts, personal volume, etc. based upon all commissions and bonuses paid on the returned products.
Commission Adjustments. Any upline distributor affected by returned products to OLYLIFE will accordingly be subject to adjustment in his/her commissions, overrides and bonus accounts, personal volume, etc. based upon all commissions and bonuses paid on the returned products.
Commission Adjustments. Any upline Ambassador affected by returned products to Va’a will accordingly be subject to adjustments in his/ her commissions, overrides and bonus accounts, personal volume, etc. based upon all commissions and bonuses paid on the returned product.
Commission Adjustments. All commissions shall be reduced by commissions paid to the agents and brokers (or to their executors, administrators or estates) with whom Equita has contracted as a part of its marketing network. In addition, first year and renewal commissions are subject to the following modifications:
(i) no commissions shall be paid on premiums for short term insurance or flat extra premiums (substandard);
(ii) commissions shall not be paid on policies reinstated unless such reinstatement was accomplished by Equita;
(iii) commissions on policy forms or riders for ages that are not shown in Rate Book of the applicable Company, for the conversion of term policies or changes of one form of insurance to another, or for the rewriting or replacement of lapsed or surrendered policies, are not covered by this Agreement but may be quoted on application to the applicable Company and may be changed from time to time;
(iv) if a policy is reissued, the applicable Company may modify the rate of first year and renewal commissions and the period for which renewals will be paid; and
(v) commissions shall be payable hereunder only in accordance with rules and regulations of the applicable Company and shall not be allowed on premiums waived or commuted by reason of death, disability or exercise of policy options.