Memorandum Regarding Incentive Plan

Memorandum Regarding Incentive Plan :

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

TO :



SUBJECT : Incentive Plan

Congratulations! The annual sales report shows an increase of 12 percent in gross sales over last year! We want to continue this trend. Our target for next year is a gross of Rs.5 crores million, an increase of 20 percent. We know our sales team is capable of achieving this goal.

Currently all sales representatives receive a commission of 5 percent on monthly gross sales. This year, all representatives with monthly sales over Rs.10 00 000 will receive an 8 percent commission of the sales for that month in lieu of the 5 percent commission.

We wish you luck!

Memorandum Regarding Incentive Plan