Memorandum Regarding Commission Plan

Memorandum Regarding Commission Plan :

This Memorandum should be typed in the official letter-head of the company.

TO :



SUBJECT : Commission Plan

Welcome to our sales team. It’s great to have you on board and ready to go. As we discussed earlier, the following will be your commission plan for the first 90 days. After that time period we will review your performance and this plan to determine whether or not any changes are necessary.

Draw against commission $500 per week

Base commission 2 percent of gross sales per month

PIA commission 5 percent of all PIA sales

Promotions 10 percent of all sales prior to first deadline

8 percent of all sales prior second deadline

2 percent of all sales past second deadline

All accounts falling into 90-days past due will be deducted from your commission check. For example, if you were paid 2 percent on an Rs.20 000 sale that went bad, then the Rs.400 you previously paid on that account would be deducted from your check.

Again, welcome to the team. Your plan is designed to provide the maximum reward possible for maximum effort. Work hard and it will work for you.

Memorandum Regarding Commission Plan