Residual Compensation Sample Clauses
The Residual Compensation clause defines the ongoing payments or benefits that a party is entitled to receive after the primary term of an agreement has ended. Typically, this applies to situations such as royalties for intellectual property, commissions for sales agents, or deferred payments for services rendered, where compensation continues based on future use or revenue generated. Its core practical function is to ensure that parties are fairly compensated for their contributions or rights even after the main contractual obligations have concluded, addressing the need for ongoing remuneration tied to the lasting value or impact of their work.
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Residual Compensation. (1) Initial compensation paid to the credited writer(s) of a High Budget SVOD Program intended for initial exhibition on a subscription consumer pay new media platform with 15 million or more subscribers in the United States and Canada constitutes payment for ninety (90) daysone year of use worldwide on such platform (including any related or affiliated foreign subscription consumer pay platform(s)), commencing with the first day the High Budget SVOD Program is available on such subscription consumer pay platform(s). “Company shall pay to such credited writer(s) residual compensation as set forth below.
(2) Subsequent Use on the Domestic Subscription Consumer Pay Platform on Which the High Budget SVOD Program Was Initially Exhibited. For each year of use of such programs on the subscription consumer pay platform (including any related or affiliated foreign subscription consumer pay platform(s)) beyond the initial one-year use period, the Company shall make a fixed residual payment based on the applicable network prime time residual base (Article 15.B.1.b.(2)(a)), according to the following schedule: Exhibition Year* Percentage of Applicable Network Prime Time Residual Base (Article15.B.1.b.(2)(a)) Year 3 30.0% Year 4 25.0% Year 10 4.5% Year 11 3.0% Year 12 2.5% Each Year thereafter 1.5% * Each Year shall commence with the first day that the High Budget SVOD Program is made available for exhibition on the subscription consumer pay platform following the conclusion of the prior one-year use period. Initial compensation paid to the credited writer(s) of a High Budget SVOD Program intended for initial exhibition on a subscription consumer pay new media platform with fewer than 15 million subscribers in the United States and Canada constitutes payment for one year of use on the domestic subscription consumer pay platform on which it is first exhibited and on any related or affiliated foreign subscription consumer pay platform(s), commencing with the first day that the High Budget SVOD Program is available on such subscription consumer pay platform. For all use of such High Budget SVOD Program on the domestic subscription consumer pay platform and on any related or affiliated foreign subscription consumer pay platform(s) beyond the initial one-year use period, the Company shall make a fixed residual payment for each subsequent one-year period according to the schedule set forth above, but the residual base shall be 65% of the applicable network prime time residu...
Residual Compensation. 9.5.1 Abraxis shall pay AstraZeneca residual compensation (“Residual Compensation”) equal to ten percent (10%) of Net Sales of the Product in the Territory recognized by Abraxis during the one year period following the expiration or termination of the Term (the “First Residual Period”) and five percent (5%) of Net Sales of the Product in the Territory recognized by Abraxis during the one year period following the First Residual Period (the “Second Residual Period”). However, if this Agreement is terminated prior to the expiration of the Term, AstraZeneca shall only be entitled to Residual Compensation pursuant to this Section 9.5 as follows:
(a) If AstraZeneca elects to terminate this Agreement pursuant to Sections 12.5 (Failure of Supply), 21.2.1(a) (Material Breach) by reason of an intentional breach by Abraxis, 21.2.1(b) (Termination for Insolvency), or 21.2.1(d) (Termination for violation of law); and
(b) To the extent provided in Section 19.3.1 (If Abraxis Fails to Meet Detail Minimum). Notwithstanding anything in this Agreement to the contrary, in the event that at any time during the First Residual Period or the Second Residual Period an event occurs that would have given Abraxis the right to terminate this Agreement CONFIDENTIAL TREATMENT REQUESTED. CONFIDENTIAL PORTIONS OF THIS DOCUMENT MARKED [***] HAVE BEEN REDACTED AND HAVE BEEN FILED SEPARATELY WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION. pursuant to Sections 21.2.1(a) by reason of a breach by AstraZeneca of its obligations under Sections 4.5 (Non-Solicitation), 14 (Noncompetition) or 15 (Confidentiality), Abraxis shall have the right, exercisable by delivery of a written notice to AstraZeneca, to terminate immediately the First Residual Period or Second Residual Period, as applicable, and AstraZeneca’s right to receive Residual Compensation.
9.5.2 Abraxis shall pay AstraZeneca any Residual Compensation that AstraZeneca is entitled to receive pursuant to this Section 9.5 for Net Sales of the Product in the Territory recognized during a Calendar Quarter within sixty (60) days after the end of such Calendar Quarter. Notwithstanding the foregoing if only a portion of a Calendar Quarter falls during the First Residual Period or the Second Residual Period, as applicable, the Residual Compensation that AstraZeneca shall be entitled to receive for such Calendar Quarter shall be determined by multiplying the Residual Compensation it would have received for such Calendar Quarter pursuant to 9.5.1 ...
Residual Compensation. “Refer to Paragraph 3.b.(4) above for residual compensation for a High Budget SVOD Non-Dramatic Program. The limitation to programs budgeted at or above $25,000 per minute in Paragraph 3.b.(4)(b)(i) and (ii) shall not apply to a High Budget SVOD Non-Dramatic Program.
Residual Compensation. A. Compensation, after termination of this Agreement for whatever reason, shall be vested ("residual compensation") and remitted to Producer by ▇▇▇ according to the following without the Producer having to perform any further service for PEO or client.
B. Residual compensation payments shall accrue and be paid monthly, in arrears, on or before the 10th of the month based upon the schedule of remittance of monies. Residual compensation payments shall be due Producer so long as PEO, or an affiliate of PEO, provides services to the client whether or not under the same contract as originally referred by Producer.
Residual Compensation. To repay the residual value of the defective products or the value difference corresponding to the power difference between the actual output power of the faulty products and the warranty power through refunding;
Residual Compensation. All compensation due under the terms of this Agreement, but not yet paid, shall be paid to Executive notwithstanding the expiration of the term of the Agreement.
Residual Compensation. Sales Partner shall be eligible for the residuals, bonuses and other compensation described in this Agreement:
a. Sales Partner may receive a residual base commission on the price set for the processing of credit/debit card transactions pursuant to a Merchant Agreement. The residual base commission shall be calculated by subtracting the price set by Company for processing, as set forth in the Schedule A, and Pass-Through Fees, from the price agreed to by the Merchant. Company may amend Schedule A pricing from time to time and Sales Partner will be bound by such change upon notice from Company.
b. Residual base commissions shall be paid by Company to Sales Partner within approximately 45 days after the commissions are earned, subject to Company’s right to set off for any amount owed to it by Sales Partner. At the time of each payment, Company will deliver to Sales Partner a statement detailing the computations used by Company in arriving at the compensation. Sales Partner will promptly examine all such statements, and will notify Company in writing within two (2) months of any error or any other claim related to residual-based commissions of any kind (“Residual Claim”). Unless Company is notified of Residual Claim within two (2) months of when payment was due or upon the Company making the statement available, Company shall have no liability to adjust the amount of compensation owed under this Section.
c. Company will establish Merchant fee pricing for merchant client applications, the sale of equipment or software, or other costs associated with a Merchant’s participation in the Merchant Program and may amend such pricing from time to time within its sole discretion or as required by its suppliers, and Sales Partner shall be bound by such change upon notice by Company.
d. Company shall determine pricing, the rate of residual-based commission, costs and any other amounts to be compensated for or charged to Sales Partner, in the event there is a new product, service, or fee charged or offered to Merchants which is introduced by Company subsequent to the of this Agreement.
e. Notwithstanding anything to the contrary, if the Agreement is terminated for cause or Sales Partner does not refer any Merchant to Company within a six (6) month period and Sales Partner is owed less than three hundred ($500.00) dollars of residual base commissions in any given month, then Company shall be under no obligation to pay such amounts or to pay any residual base commissions fo...
Residual Compensation. Residual compensation will only be paid if collected from the Merchants and CTC’s vendors and will be paid three business days after the fifteenth or previous business day of the second month following the month of collection provided all necessary reports needed in the calculations have been received and reconciled by CTC. Independent Contractor shall be paid the “Net Income” for each Merchant as calculated from buy rate schedules, costs of goods and related items as set forth in the Partner Portal and/or as otherwise may be set by CTC’s vendors. “Net Income” equals revenue received by CTC attributable to Merchant contracts submitted by Independent Contractor to CTC less the costs of service set forth in the residual report, taking into account the various commissions percentages and all other relevant items as set forth below less any amounts owed to CTC under this Agreement. No fees may be sold at or below CTC’s vendor buy rates without prior approval.
Residual Compensation. (i) Boost has reached an agreement, or will reach an agreement, with the Master Agent that Master Agent will pass residual compensation to BSR locations in the amount of $1.00 per month for every active subscriber with a tenure of 0 to 6 months, $1.25 per month for every active subscriber with a tenure of 7 to 12 months, and $1.50 per month for every active subscriber with a tenure of 13 months or more that uses $35 or more of Boost Mobile services within that month (Service Revenue)
(a) Residual Compensation will be based only on handsets paired with the IMEI and SIM shipped with the handset via eligible Sales Portal activations. All other activations will not generate additional compensation.
(b) Static IP Address Requirement. Each BSR location must have Static Internet Protocol Address “IP Address” on file with Boost Mobile and only Sales Portal activations done with the submitted IP address will qualify for the residual compensation program.
(c) BSR location must achieve 75 activations per calendar month to qualify for residual compensation
(d) No residual compensation will be paid for activations, sales portal or otherwise, on activations done by the BSR location on equipment not purchased from the assigned master agent of the BSR location.BSR acknowledges and agrees that Boost has no liability if the BSR is unable to access the Sales Portal and chooses to process the activation by another means made available by Boost.
(ii) Boost Mobile has final say in all disputes and interpretations of the business rules for the Boost Mobile Residual Compensation and reserves the right to change, modify or discontinue the residual compensation program at anytime and from time to time.
(iii) Compensation will cease upon termination of BSR’s participation in the Program.
(iv) BSR acknowledges and agrees that ▇▇▇▇▇ has no responsibility or liability if Master Agent fails to pass residual compensation specified in this Section 5 (or any other compensation) to BSR. BSR is responsible for executing any agreement it deems necessary with Master Agent to address any compensation issues between BSR and the Master Agent.