Handling Fees and Bonus Payments Sample Clauses

Handling Fees and Bonus Payments. Drugstore shall pay to ▇▇▇▇▇ handling fees and bonus payments for the handling, picking and packaging for shipment of both ▇▇▇▇▇ Inventory and Drugstore Inventory in accordance with the following terms: (a) Drugstore shall pay to ▇▇▇▇▇ a basic handling charge of $1.45 per order of goods which shall include up to five Lines of product regardless of the quantity of items of any one particular line of product. In addition, for each Line of product in excess of five for each order, Drugstore shall pay to ▇▇▇▇▇ an additional $0.09 per Line. In determining the number of Lines of product in an individual order, both ▇▇▇▇▇ Inventory and Drugstore Inventory shall be included. The picking and packing of samples, leaflets and other marketing materials shall not be considered a Line. However, if the picking and packing of such items materially increases the cost of fulfillment to ▇▇▇▇▇, ▇▇▇▇▇ shall notify Drugstore. The parties will, within five days of such notice, discuss methods to reduce or eliminate the additional cost to ▇▇▇▇▇, including reducing the picking and packing requirements for such materials or paying ▇▇▇▇▇ its cost for picking and packing such materials. In the event the parties fail to reach an agreement, to reduce or eliminate the additional costs to ▇▇▇▇▇ within ten days from the date of ▇▇▇▇▇'▇ notice to Drugstore, ▇▇▇▇▇ may discontinue the picking and packing of samples, leaflets and other marketing materials until such time the parties may so agree; and any such failure by ▇▇▇▇▇ to pick and pack any such samples, leaflets or other marketing materials shall not be considered a terminable event by either party under the terms of this Agreement. (b) ▇▇▇▇▇ shall invoice Drugstore for handling charges daily. Invoices are due on the fifteenth (15th) day after the date of the invoice (net 15 days) and must be paid by electronic funds transfer to the account specified in paragraph 2(c) above. (c) Drugstore hereby guarantees a minimum of 3,000,000 customer orders for product to be handled by ▇▇▇▇▇ during the three-year term of this Agreement. If Drugstore (1) ceases business for any reason and/or this Agreement is terminated for any reason other than default or breach by ▇▇▇▇▇, or (2) does not send 3,000,000 orders to ▇▇▇▇▇ during the initial three-year term, Drugstore shall pay to ▇▇▇▇▇ a sum calculated as follows: i. where the actual number of orders processed by ▇▇▇▇▇ is less than 2,268,000 orders, Drugstore shall pay that sum of money which is equal ...
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Related to Handling Fees and Bonus Payments

  • Bonus Payments No employee shall be required or requested to make any written or verbal agreement that will conflict with the terms of this Agreement. All employees must be paid weekly for all hours worked as provided in this Agreement. Any bonuses, commissions or other methods of payments over and above the requirements of this Agreement shall be in addition to the requirements of this Agreement and may not be used to offset such contractual requirements and shall not be subject to negotiations.

  • Incentive Payments The Settlement Fund Administrator will treat incentive payments under Section IV.F on a State-specific basis. Incentive payments for which a Settling State is eligible under Section IV.F will be allocated fifteen percent (15%) to its State Fund, seventy percent (70%) to its Abatement Accounts Fund, and fifteen percent (15%) to its Subdivision Fund. Amounts may be reallocated and will be distributed as provided in Section V.D.

  • Bonus Payment Executive will receive a lump-sum payment equal to one hundred fifty percent (150%) of the higher of (A) the greater of (x) Executive’s target bonus for the fiscal year in which the Change of Control occurs (as in effect immediately prior to the Change of Control) or (y) Executive’s target bonus as in effect for the fiscal year in which Executive’s termination of employment occurs, or (B) Executive’s actual bonus for performance during the calendar year prior to the calendar year during which the termination of employment occurs. For avoidance of doubt, the amount paid to Executive pursuant to this Section 3(b)(iii) will not be prorated based on the actual amount of time Executive is employed by the Company during the fiscal year (or the relevant performance period if something different than a fiscal year) during which the termination occurs.

  • Recovery of Bonus and Incentive Compensation Any bonus and incentive compensation paid to you during a CPP Covered Period is subject to recovery or “clawback” by the Company if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.

  • Severance Payments 5.1 The Company shall pay the Executive the payments described in this Section 5.1 ("Severance Payments") upon the termination of the Executive's employment following a Change in Control during the term of this Agreement, including the Executive's termination of employment for Good Reason, unless such termination is (a) by the Company for Cause, or (b) by reason of the Executive's Death or Disability. The Executive's employment shall be deemed to have been terminated following a Change in Control by the Company without Cause if the Executive's employment is terminated prior to a Change in Control without Cause at the direction (or action which constitutes a direction) of a Person who has entered into an agreement with the Company the consummation of which will constitute a Change in Control. (i) Within three (3) business days after the Date of Termination, the Company shall make a lump sum or monthly, at the Executive's option, cash severance payment to the Executive in an amount equal to: (x) the Executive's annual base salary in effect immediately prior to the occurrence of the event or circumstance upon which the Notice of Termination is based or in effect immediately prior to the Change in Control; and (y) a pro-rated portion of Executive's Targeted Annual Bonus for the fiscal year in which the Date of Termination occurs. (ii) For a twelve (12) month period after the Date of Termination, the Company shall arrange to provide the Executive with medical and dental insurance benefits substantially similar to those that the Executive is receiving immediately prior to the Notice of Termination. Benefits otherwise receivable by the Executive pursuant to this Section 5.1(ii) shall be reduced to the extent comparable benefits are actually received by or made available to the Executive without cost during the twelve (12) month period following the Executive's termination of employment (and any such benefits actually received by the Executive shall be reported to the Company by the Executive). 5.2 The Company also shall pay to the Executive all legal fees and expenses incurred by the Executive in disputing the non-payment of Severance Payments in connection with a termination which entitles the Executive to Severance Payments. Such payments shall be made within five (5) business days after delivery of the Executive's written request for payment accompanied with such evidence of fees and expenses incurred as the Company reasonably may require.