SALES INCENTIVE PLAN FOR EMPLOYEES

 

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Identification of Parties.

Signature Blocks.

ARTICLE I.    PLAN PURPOSE

ARTICLE II.    DEFINITIONS

ARTICLE III.    INCENTIVE COMPENSATION REQUIREMENTS

1.    Territory.

        (a)    Designation of Territory.

        (b)    Sales in Geographic Territory.

        (c)    Sales Outside Territory.

        (d)    Sales to Company Affiliates.

2.    Sales Quotas.

        (a)    Quota Assignments.

        (b)    Achievement Level.

        (c)    Quota & Territory Review.

3.    Credit Toward Achievement Level.

        (a)    Sales Commission Credit.

        (b)    Approval of Exceptions.

        (c)    Special Incentive Programs.

4.    Payment Date.

        (a)    Sales Commission Payments.

        (b)    Approval of Exceptions.

        (c)    Special Incentive Programs.

ARTICLE IV.    PLAN ADMINISTRATION

5.    Overview.

6.     Split Commissions.

7.      No Duplicate Commissions.

8.      Chargebacks & Adjustments.

9.      Certain Business Practices.

10.    Good Contracting Practices.

11.    Reservation of Rights.

ARTICLE V.    TRANSITIONAL CONSIDERATIONS.

12.    New Sales Agents.

13.    Reassignments.

14.    Termination of Employment.

        (a)    Credit Toward Achievement Level.

        (b)    Credit Split.

        (c)    Final Payment.

15.    Leaves of Absence.

        (a)    Credit Toward Achievement Level.

        (b)    Credit Split.

        (c)    Payments.

        (d)    Subsequent Termination.

16.    No Assignment.

ARTICLE VI.    DISPUTE RESOLUTION

17.    Administrative Escalation.

18.    Time Limit.

19.    Law & Forum.

        (a)    Governing Law.

        (b)    Tribunal.

20.    Claim Limit.

21.    Miscellaneous.

INDIVIDUAL SALES QUOTA WORKSHEET

 
 

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