Memorandum Regarding Sales Managers Incentive Plan
Memorandum Regarding Sales Managers Incentive Plan :
This Memorandum should be typed in the official letter-head of the company.
SUBJECT : Sales Managers Incentive Plan
Effective immediately, all sales managers will be operating under the following incentive
plan. This remains in effect through the end of our fiscal year in June.
For each percentage point increase in net sales revenue for the quarter we will use the
1 to 5 percent Rs.20 000.00
6 to 10 percent Rs.30 000.00
11 to 15 percent Rs.40 000.00
15 percent and above Rs.60 000.00
For example, if your net sales in your region increase by 11.25 percent within one
quarter your quarterly bonus would be Rs.280 000.
Please remember this is based on net sales revenue increases. For purposes of this
plan, net sales shall be calculated as gross sales revenues less commissions, a
percentage of production costs and management fees.
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