Common use of COMMISSION PROGRAM Clause in Contracts

COMMISSION PROGRAM. 10.1. The Commission Program can be found on ▇▇▇▇▇://▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇. Commissions are subject to forfeiture should the Introducer and/or the introduced Prospective Client breach any of the obligations under this Agreement and/or any other agreement between the Company and the Existing Client, the Complementary Agreement. 10.2. The Introducer is entitled to the Introducer’s Commission structure as agreed in line with the Appendix 1 of this Agreement which forms an integral part of this Agreement and may not be subject to any changes unless agreed by both Parties otherwise. The Introducer’s commission, which is percentage-based commission on the net earnings from the fees received by the Company for the introduced Existing Client, is provided as a consideration for the intermediary financial services provided and for actively acting as a mediator for the conclusion of a contractual relationship between the Company and the Prospective Client. 10.3. An Introducer who wishes to create different Campaigns may choose to receive different commission structure for all or some of his introduced Existing Clients. An Introducer who wishes to create a Campaign should notify the Company via email at ▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇. 10.4. In case the Introducer chooses to create a Campaign that will have a different commission structure than as per Appendix 1 of this Agreement and the Company has consented, a Complementary Agreement needs to be signed by the Introducer which will be provided to him by the Company. 10.5. Each Campaign created by the Introducer following Company’s approval, will have its unique Introducer Campaign ID. A client is deemed to be under a Campaign created by the Introducer, if he opens a trading account with the Company by using the link(s) available in the Introducer’s information resources or if he expressly requests from the Company to manually attach his clicktrades account to a specific Campaign created by the Introducer. 10.6. The Introducer shall be able to identify the Introducer commission generated by each Campaign he has created via his clicktrades area. 10.7. In case a Campaign is terminated by the Introducer, it will be archived with immediate effect and cannot be re-activated. Once a Campaign has been archived, the following shall apply: 10.7.1. Any commission generated by a client’s trading account that used to be under the archived Campaign, will reflect the commission structure as per Appendix 1 of this Agreement, if different; 10.7.2. Any new client’s clicktrades account opened under the archived Campaign, will reflect the commission structure as per Appendix 1 of this Agreement, if different. 10.8. The Introducer’s commission on the trading account assigned under any competition/promotions is specified in the relevant competition/promotions terms and conditions. 10.9. The Company has the right to decrease the Introducer’s commission structure at any time and shall provide prior notice to the Introducer of such a decision. 10.10. The Introducer has the option to share a percentage of the remuneration he receives from the Company, based on the Introducer and/or Complementary Agreement, with any of the Existing Clients the Introducer has referred to the Company. The terms and conditions of Rebates are outlined below: • Rebates apply only to Existing Clients of the Company who have been introduced by Introducers. • If an Introducer wishes to share a percentage of his received remuneration with his referred Existing Clients, he must send an email to the Company at ▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇. In order to be able to receive this service, he has to have at least 3 active Existing Clients introduced by him. • It is understood that the Introducer and the Prospective Client do not maintain a relationship when the Prospective Client has already entered into an agreement with the Company, becoming an Existing Client. The Introducer is able to change the percentage of Rebate shared with a client at any time, without the client’s prior consent. • The maximum percentage of the Introducers’ commission that can be used for Rebates is 100%. • Rebates apply to any trading account that the referred client has opened with the Company. • Introducer rebate cannot be applied to the Introducer’s own trading accounts. • Rebates is the percentage of the Introducer commission which is calculated based on the volume of trading transactions performed by the referred clients and are applied to the client’s trading account. • The Introducer has the option to fund the trading account of the referred client either automatically or manually. The client’s account can be credited with the rebate amount every day at midnight server time, given that the rebate generated amount has exceeded 5USD. 10.11. If the Introducer and/or the client wishes to receive a detailed statement of the amount of rebates received upon the closure of a trade, he must send an email to the Company at ▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇. 10.12. The Introducer hereby acknowledges and confirms that rebates are discretionary and the Company reserves the right to terminate the offer at any time with prior notice to the Introducer.

Appears in 1 contract

Sources: Retail Business Introducer Agreement

COMMISSION PROGRAM. 10.1. The Commission Program can be found on ▇▇▇▇▇://▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇. Commissions are subject to forfeiture should the Introducer and/or the introduced Prospective Client breach any of the obligations under this Agreement and/or any other agreement between the Company and the Existing Client, the Complementary Agreement. 10.2. The Introducer is entitled to the Introducer’s Commission structure as agreed in line with the Appendix 1 of this Agreement which forms an integral part of this Agreement and may not be subject to any changes unless agreed by both Parties otherwise. The Introducer’s commission, which is percentage-based commission on the net earnings from the fees received by the Company for the introduced Existing Client, is provided as a consideration for the intermediary financial services provided and for actively acting as a mediator for the conclusion of a contractual relationship between the Company and the Prospective Client. 10.3. An Introducer who wishes to create different Campaigns may choose to receive different commission structure for all or some of his introduced Existing Clients. An Introducer who wishes to create a Campaign should notify the Company via email at ▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇. 10.4. In case the Introducer chooses to create a Campaign that will have a different commission structure than as per Appendix 1 of this Agreement and the Company has consented, a Complementary Agreement needs to be signed by the Introducer which will be provided to him by the Company. 10.5. Each Campaign created by the Introducer following Company’s approval, will have its unique Introducer Campaign ID. A client is deemed to be under a Campaign created by the Introducer, if he opens a trading account with the Company by using the link(s) available in the Introducer’s information resources or if he expressly requests from the Company to manually attach his clicktrades capex account to a specific Campaign created by the Introducer. 10.6. The Introducer shall be able to identify the Introducer commission generated by each Campaign he has created via his clicktrades capex area. 10.7. In case a Campaign is terminated by the Introducer, it will be archived with immediate effect and cannot be re-activated. Once a Campaign has been archived, the following shall apply: 10.7.1. Any commission generated by a client’s trading account that used to be under the archived Campaign, will reflect the commission structure as per Appendix 1 of this Agreement, if different; 10.7.2. Any new client’s clicktrades capex account opened under the archived Campaign, will reflect the commission structure as per Appendix 1 of this Agreement, if different. 10.8. The Introducer’s commission on the trading account assigned under any competition/promotions is specified in the relevant competition/promotions terms and conditions. 10.9. The Company has the right to decrease the Introducer’s commission structure at any time and shall provide prior notice to the Introducer of such a decision. 10.10. The Introducer has the option to share a percentage of the remuneration he receives from the Company, based on the Introducer and/or Complementary Agreement, with any of the Existing Clients the Introducer has referred to the Company. The terms and conditions of Rebates are outlined below: • Rebates apply only to Existing Clients of the Company who have been introduced by Introducers. • If an Introducer wishes to share a percentage of his received remuneration with his referred Existing Clients, he must send an email to the Company at ▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇. In order to be able to receive this service, he has to have at least 3 active Existing Clients introduced by him. • It is understood that the Introducer and the Prospective Client do not maintain a relationship when the Prospective Client has already entered into an agreement with the Company, becoming an Existing Client. The Introducer is able to change the percentage of Rebate shared with a client at any time, without the client’s prior consent. • The maximum percentage of the Introducers’ commission that can be used for Rebates is 100%. • Rebates apply to any trading account that the referred client has opened with the Company. • Introducer rebate cannot be applied to the Introducer’s own trading accounts. • Rebates is the percentage of the Introducer commission which is calculated based on the volume of trading transactions performed by the referred clients and are applied to the client’s trading account. • The Introducer has the option to fund the trading account of the referred client either automatically or manually. The client’s account can be credited with the rebate amount every day at midnight server time, given that the rebate generated amount has exceeded 5USD. 10.11. If the Introducer and/or the client wishes to receive a detailed statement of the amount of rebates received upon the closure of a trade, he must send an email to the Company at ▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇. 10.12. The Introducer hereby acknowledges and confirms that rebates are discretionary and the Company reserves the right to terminate the offer at any time with prior notice to the Introducer.

Appears in 1 contract

Sources: Retail Business Introducer Agreement

COMMISSION PROGRAM. 10.1. The Commission Program can be found on ▇▇▇▇▇://▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇. Commissions are subject to forfeiture should the Introducer and/or the introduced Prospective Client breach any of the obligations under this Agreement and/or any other agreement between the Company and the Existing Client, the Complementary Agreement. 10.2. The Introducer is entitled to the Introducer’s Commission structure as agreed in line with the Appendix 1 of this Agreement which forms an integral part of this Agreement Agreement, and may not be subject to any changes unless agreed by both Parties otherwise. The Introducer’s commission, which is percentage-based commission on the net earnings from the fees received by the Company for the introduced Existing Client, is provided as a consideration for the intermediary financial services provided and for actively acting as a mediator for the conclusion of a contractual relationship between the Company and the Prospective Client. 10.3. An Introducer who wishes to create different Campaigns may choose to receive different commission structure for all or some of his introduced Existing Clients. An Introducer who wishes to create a Campaign should notify the Company via email at ▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇. 10.4. In case the Introducer chooses to create a Campaign that will have a different commission structure than as per Appendix 1 of this Agreement and the Company has consented, a Complementary Agreement needs to be signed by the Introducer which will be provided to him by the Company. 10.5. Each Campaign created by the Introducer following Company’s approval, will have its unique Introducer Campaign ID. A client is deemed to be under a Campaign created by the Introducer, if he opens a trading account with the Company by using the link(s) available in the Introducer’s information resources or if he expressly requests from the Company to manually attach his clicktrades capex account to a specific Campaign created by the Introducer. 10.6. The Introducer shall be able to identify the Introducer commission generated by each Campaign he has created via his clicktrades capex area. 10.7. In case a Campaign is terminated by the Introducer, it will be archived with immediate effect and cannot be re-activated. Once a Campaign has been archived, the following shall apply: 10.7.1. Any commission generated by a client’s trading account that used to be under the archived Campaign, will reflect the commission structure as per Appendix 1 of this Agreement, if different; 10.7.2. Any new client’s clicktrades capex account opened under the archived Campaign, will reflect the commission structure as per Appendix 1 of this Agreement, if different. 10.8. The Introducer’s commission on the trading account assigned under any competition/promotions is specified in the relevant competition/promotions terms and conditions. 10.9. The Company has the right to decrease the Introducer’s commission structure at any time and shall provide prior notice to the Introducer of such a decision. 10.10. The Introducer has the option to share a percentage of the remuneration he receives from the Company, based on the Introducer and/or Complementary Agreement, with any of the Existing Clients the Introducer has referred to the Company. The terms and conditions of Rebates are outlined below: • Rebates apply only to Existing Clients of the Company who have been introduced by Introducers. • If an Introducer wishes to share a percentage of his received remuneration with his referred Existing Clients, he must send an email to the Company at ▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇. In order to be able to receive this service, he has to have at least 3 active Existing Clients introduced by him. • It is understood that the Introducer and the Prospective Client do not maintain a relationship when the Prospective Client has already entered into an agreement with the Company, becoming an Existing Client. The Introducer is able to change the percentage of Rebate shared with a client at any time, without the client’s prior consent. • The maximum percentage of the Introducers’ commission that can be used for Rebates is 100%. • Rebates apply to any trading account that the referred client has opened with the Company. • Introducer rebate cannot be applied to the Introducer’s own trading accounts. • Rebates is the percentage of the Introducer commission which is calculated based on the volume of trading transactions performed by the referred clients and are applied to the client’s trading account. • The Introducer has the option to fund the trading account of the referred client either automatically or manually. The client’s account can be credited with the rebate amount every day at midnight server time, given that the rebate generated amount has exceeded 5USD. 10.11. If the Introducer and/or the client wishes to receive a detailed statement of the amount of rebates received upon the closure of a trade, he must send an email to the Company at ▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇. 10.12. The Introducer hereby acknowledges and confirms that rebates are discretionary and the Company reserves the right to terminate the offer at any time with prior notice to the Introducer.

Appears in 1 contract

Sources: Retail Business Introducer Agreement