Common use of Severable Clauses Clause in Contracts

Severable Clauses. If any clause in this agreement is found to be invalid or unenforceable by a court of law, the remainder of this agreement will not be affected and all other provisions of this agreement will remain valid and enforceable. This Fee Schedule is attached to and a part of, that contract by and between Associate and PERCH. Leasing Commissions shall be divided as follows on Company generated leads in calendar month: 1. ▇▇▇▇▇▇ agrees to remit to Associate, upon receipt, forty-five percent (45%) of total commissions earned by Associate. 2. If by day 90 after contract acceptance date, the Associate’s production on Company generated leads meets or surpasses $15,000 while maintaining Company defined conversion and fall off rates, ▇▇▇▇▇▇ agrees to remit to Associate, upon receipt, fifty percent (50%) of total commissions earned by Associate starting at day 1 of month 4. 3. If Associate does not meet criteria in (2), at any consecutive three-month interval, if condition (2) is met, ▇▇▇▇▇▇ agrees to remit to Associate, upon receipt, fifty percent (50%) of total commissions earned by Associate starting at day 1 of month 4. 4. If Associate production falls below $15,000 or does not meet conversion and fall off rates for any three-month time period, ▇▇▇▇▇▇ agrees to remit to Associate, upon receipt, forty-five percent (45%) of total commissions earned by Associate. Leasing Commissions shall be divided as follows on self-generated leads in calendar month: 1. For total commissions earned by Associate within first year of tenure, ▇▇▇▇▇▇ agrees to remit to Associate, upon receipt, sixty percent, (60%) thereof. Associate may work Company generated leads. 2. For total commissions earned by Associate after first year of tenure, ▇▇▇▇▇▇ agrees to remit to Associate, upon receipt, seventy percent, (70%) thereof. Associate may work Company generated leads. 3. For total commissions earned by experienced Associate’s producing $75,000 annually or higher, ▇▇▇▇▇▇ agrees to remit to Associate, upon receipt, eighty five percent, (85%) thereof. Associate may not work Company generated leads and must provide proof of production. All commissions will accrue to that calendar month during which the security deposit was paid to the landlord or apartment manager. All bonuses of whatsoever nature that are paid as a result of the activities covered by this Agreement, shall be allocated an amount based on the reasonable discretion of Broker and shall be credited to the Associate for the calendar month earned in accordance with the terms hereof. Regardless of any language to the contrary herein or elsewhere, upon termination, voluntary separation or moving to remote status, all leasing commissions earned by Associate and thereafter received by ▇▇▇▇▇▇, regardless of when earned, shall be equally divided between Broker and Associate upon receipt.