Common use of Fee Compensation Clause in Contracts

Fee Compensation. If we specify a fee percent (used to determine the fee paid to you) for each Product, we apply it to the Product's one-time or recurring charge as invoiced to the Customer (exclusive of taxes), unless specified otherwise. For a recurring charge, we apply the fee percent to 1) 12 times the monthly charge or 2) the sum of the initial charge and the annual charge. Additional fees may be paid on other opportunities as outlined in this Exhibit. IBM NET REVENUE IBM Net Revenue is determined, where applicable, by:

Fee Compensation. If we specify a fee percent (used to determine the fee paid to youfee) for each Product, we apply it to the Product's one-time or recurring charge as invoiced to the Customer (exclusive of taxes)customer, unless specified otherwise. For a recurring charge, we apply the fee percent to 1) 12 times the monthly charge or 2) the sum of the initial charge and the annual charge. Additional The NSP/AS and AS are eligible for fees may be paid on selected IBM licensed programs (such as System Programs and Application Programs) and other opportunities offerings such as outlined in this Exhibit. IBM NET REVENUE maintenance, IBM Net Revenue is determinedCredit, where applicableLocal Vendor Program (LVP) fees, by:and services offerings.