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.

TO :



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 following schedule.

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.

Related Links :

Memorandum Regarding Year-End Sales Reviews
Memorandum Regarding Timely Submission of Weekly Sales Reports
Memorandum Regarding Annual Division Sales Reports
Memorandum Regarding Second Quarter Regional Sales Report
Memorandum Regarding Annual Performance Reviews

Memorandum Regarding Sales Managers Incentive Plan