No. Wound tokens are returned to their owners (the player of the eliminated unit) when the unit is removed from the battlefield. But -- they do not become available as command tokens during that turn. They are set aside until the following turn begins.
That second clause is a reference to wound tokens that are on a unit due to damage taken prior to elimination, on units with more than one hit point.
Thanks, that helps. I've been playing with mostly Inf armies (Romans v Celts) so Troops are quickly removed after Shooting and Engagement as Wound tokens are never actually placed on an Inf Troop.
I like the idea of reducing your options as Wound / Order tokens are taken away but I couldn't get how you lost them if they were never placed on a Inf Troop in the first place.