Common use of Commissions and Bonuses Clause in Contracts

Commissions and Bonuses. Sellers and Buyer agree that Employees of the Business who become Transferee Employees will continue under the applicable commissions or bonus compensation policy of Seller through July 2, 1999. Buyer shall use commercially reasonable efforts to cooperate with Sellers in preparing the necessary sales and business performance data required to calculate such commissions or bonuses for performance during such period. Payment of such bonuses will be allocated between Sellers and Buyer on the basis of time of ownership of the unit for the applicable period for which the bonus is being paid. Sellers will use commercially reasonable efforts to forward such payments to such Transferee Employees as soon as possible, and Sellers shall invoice Buyer for its allocated share of such payments. Commissions with respect to shipments prior to the Closing Date and which were not accrued for in the Final Closing Balance Sheet will be paid by Sellers; all other commissions will be paid by Buyer.