MA Rule Number (6) Six

The Company COMMISSION POLICY
The Company, LLC. (AAG)
Membership Agreement Rule No. 6

SUBJECT: Compensation

Notwithstanding any provision to the contrary, no commission shall be deemed earned and no payment shall be due and owing unless and until:

  1. The order for products and services that has been submitted by the Member has been approved by AAG, a Product Provider, or an approved AAG designee;
  2. Payment for the order has been made by the customer and receipt of funds has been verified; and
  3. AAG has received payment from the Product Provider and any charge back time period has passed; provided, however, that during the term of this Agreement while Member is providing services to AAG, AAG will advance commissions in accordance with its usual practices and policies prior to the expiration of the charge back period and subject to the express agreement that in the event that The Company will offset any charge backs against the calculation of future commissions (and to the extent that the engagement terminates and Member owes AAG for commissions that had been advanced and not earned due to charge backs, Member will repay AAG promptly upon the termination of the engagement).
  4. Member expressly agrees that any amounts owed to AAG may be deducted from future earned commissions. Without limitation, in the event that AAG refunds any payment to a customer of AAG, any commission paid on that refunded amount must be paid back to AAG by Member and will be deducted from any future commission owed to Member. Any decision with respect to refunding any payments to customers shall be made in AAG’s sole discretion.
  5. In the event that Member owes any amounts to AAG greater than any earned commissions due for the applicable month (including, but not limited to, amounts for expenses, license fees, modification of commissions due to customer cancellations, withdrawals, non-renewals, terminations, or otherwise), Member shall pay such amount to AAG within thirty days after receiving an invoice from Any amounts not paid within this time period shall accrue interest at the rate of 10% per annum and Member shall be responsible for all fees and costs incurred by AAG in collecting such amounts owed.
  6. Upon the voluntary termination of this Agreement by a Member or termination pursuant to Section 8 of the Agreement, all amounts said Member owes to AAG (including, but not limited to, amounts for expenses, license fees, modification of commissions due to customer cancellations, withdrawals, non-renewals, terminations, or otherwise) shall be paid to AAG within thirty days of termination. Any amounts not paid within this time period shall accrue interest at the rate of 10% per annum and Member shall be responsible for all fees and costs incurred by AAG in collecting such amounts
  7. Member shall pay all expenses incurred by Member in connection with performing Member’s duties under this Agreement.  Without limitation, Member shall be solely responsible for all Member’s operating expenses and will not be entitled to any reimbursement for such expenses whatsoever.
  8. Notwithstanding any provision to the contrary, Member shall not be entitled to receive any compensation whatsoever for recruiting its own employees or contractors, and Member shall not be entitled to receive any compensation directly from any Product Providers whatsoever.
  9. Notwithstanding any provision to the contrary, Member shall not be entitled to receive any compensation whatsoever if at any time Member’s required errors and omissions and fidelity insurance is not current. Should Member fail to keep current errors and omissions and fidelity insurance, any compensation earned during such time that Member’s errors and omissions and fidelity insurance is not current shall be forfeited.
  10. Notwithstanding any provision to the contrary, Member shall not be entitled to receive any compensation whatsoever if at any time Member’s required licenses are not current. Should Member fail to keep current licenses, any compensation earned during such time that Member’s licenses are not current shall be forfeited.
  11. In the event that Member, at the time of termination of this Agreement either voluntarily or as set forth in Section 8, has not qualified and attained all qualifications including specified time at qualifying position established by AAG as a condition to becoming Vested, Member shall have no right to commissions or any compensation of any kind.