Base Salary and Commission Clause Samples
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Base Salary and Commission. (1) As compensation for the services to be provided hereunder and in consideration of Employee's agreement not to compete as set forth in Section 4, during the Term of Employment, Employer shall pay Employee salary of $40,000 per annum plus Commission, or such greater amount as may be established by Employer's Board of Directors, which shall be payable in appropriate installments to conform with the regular payroll dates for salaried personnel of Employer.
(2) For purpose of Section 3.A, the term "Commission" is defined as twenty percent (20%) of the Employee's Gross Profit.
Base Salary and Commission. The Employee’s annual base salary (“Base Salary”) shall be U.S. $165,000, payable in accordance with the Company’s payroll practices as in effect from time to time. The Employee’s Base Salary shall be subject to review and possible adjustment in accordance with the Company’s normal practices, but in no event shall Employee’s Base Salary be less than the amount specified in the first sentence of this Section 4(a). In addition, the Employee will be eligible to receive commissions consistent with the Company’s normal policies, and commission structure for his position, as may be in effect at the time.
Base Salary and Commission. As compensation for the services -------------------------- to be provided hereunder and in consideration of Employee's agreement not to compete as set forth in Section 4, during the Term of Employment, Employer shall pay Employee salary of $36,000 per annum, subject to annual review, or such greater amount as may be established by Employer's Board of Directors, which shall be payable in appropriate installments to conform with the regular payroll dates for salaried personnel of Employer.
Base Salary and Commission. Until this Agreement terminates or expires, Employee (i) shall earn a base salary set from time to time by the Company’s Board of Directors and payable according to Company’s regular payroll cycle, and (b) shall be entitled to earn commissions (currently 7% on collected Company sales directly related to Employee’s sales efforts) and bonuses (based on individual attainment and overall Company performance) according to such annual compensation and bonus plans as may be approved in writing by Company’s Board of Directors from time to time at their reasonable discretion. Employee agrees to conduct himself according to customary and accepted business ethics and to comply, when they are adopted or modified, with the Company’s rules, regulations, practices for its employees in general, including those concerning work schedules, vacation and sick leave.
Base Salary and Commission. A. As full compensation for services rendered under this Agreement, the Company shall pay Employee, during the term of this Agreement, a base salary of One Hundred Thousand and NO/100ths ($100,000.00) per year (the "Base Salary"), payable in accordance with the normal payroll practices of the Company. In addition to the Base Salary, the Company may pay Employee bonuses from time to time as set forth below.
B. On each January 1, during the term of this Agreement, the base Salary shall be increased to reflect the change in the cost of living, based upon the change, from the proceeding January 1, in the Consumer Price Index for All Urban Consumers, as published by the U.S. Bureau of Labor Statistics (reference base 1982-1984 = 100). On each January 1, and at any time that there is a change in the financial condition or character of the business of the Company during the term of this Agreement, the Board of Directors shall review the base salary amount to determine whether or not to grant additional increases in the base salary amount.
C. In addition to the Base Salary referenced above, Employee shall receive a sales commission of one and one-half percent (1-1/2%) of the Net Sales Proceeds (defined hereinbelow) on sales of the Company's products within the United States (the "Commission"). For purposes of this Section C, the terms "Net Sales Proceeds" is defined as the gross sales price of the Company's products, less (a) any commissions paid to third parties by the Company with respect to such products, (b) sales tax, if any, and (c) shipping and handling charges.
Base Salary and Commission. With respect to the Salesperson, it is understood that the total compensation including all incentive programs will on an annual basis result in earnings of no less than the rates stipulated in the collective agreement. Commission will be paid for selling profitable drops, the continued growth of active accounts, and employer contests. Employees may be paid a weekly commission guarantee regardless of actual commissions earned or a regular commission program. Commission arrangements will be set out in writing between the Employer and the employee and disclosed to the Union upon request.