Memorandum Regarding Incentive Plans



Memorandum Regarding Incentive Plans :




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


TO :


FROM :


DATE :


SUBJECT : Incentive Plans


Due to the amount of unpaid client balances, Batra Industries is changing its commission program. Currently, all sales representatives receive 2 percent of the total sale upon the signing of the contract, not upon receipt of payment.


As of April 1 all sales representatives will receive their commissions upon receipt of payment. As an incentive to encourage our clients to pay on time, we are also increasing the amount of commission from 2 percent to 5 percent.


Please direct any questions to your sales manager.




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