Calculation of Commissions. All sales commissions are calculated using the DirectScale Software system. This system tracks all sales and ISR enrollments made through ISR Websites at xxxx://xxx.xxxxxxxxx.xxx. All commissions are calculated pursuant to the Mpgxtreme ISR Compensation Plan.
Calculation of Commissions. At the end of each quarter, the commission is calculated based on the achievement of the quarterly goals as per the tables below. Commission payable is expressed as a percentage of the base salary earned in the quarter. The Company will make an assessment of the commissions owing at the end of the quarter, and may at its discretion, advance commissions in lieu of payment by the customer. Commission schedule: ------------------------------ --------------------- *Attainment of Revenue Goal Commission Payable ------------------------------ --------------------- 0-50% 10% ------------------------------ --------------------- 51-60% 15% ------------------------------ --------------------- 61% - 70% 20% ------------------------------ --------------------- >70% - 80% 30% ------------------------------ --------------------- >80% - 90% 40% ------------------------------ --------------------- >90% - 100% 50% ------------------------------ --------------------- >100% - 120% 60% ------------------------------ --------------------- >120%-140% 70% ------------------------------ --------------------- >140%-160% 80% ------------------------------ --------------------- >160%-180% 90% ------------------------------ --------------------- >180%-200% 100% ------------------------------ --------------------- PAYMENT OF COMMISSIONS Commissions will be calculated at the end of each quarter - October 31st, January 31st, April 30th, and July 31st. Although the commission is based on the sales earned in a particular quarter, the commission is also subject to the Company receiving the cash for the sales earned in that particular quarter. In order to not delay the payment of the commission in a particular quarter, once the Accounting department has completed their quarter-end reporting, the commission will be calculated and every attempt will be made to pay 50% of it on the next payroll, while the remaining 50% will be held back to ensure that the Company receives the cash for sales earned in that quarter. The Accounting department will review the outstanding accounts receivable at the end of each month, and when 90% of the accounts receivable has been received, or at the discretion of the CFO, the balance of the commission will be paid on the next payroll. Any bad debts will be charged against total sales for the quarter. If all of the cash is not received, the commission will be recalculated for the quarter and if repayment of commission is necessary, it will be deducted from the nex...
Calculation of Commissions. The Senior Vice President, Worldwide Field Operation’s commissions are calculated based on the achievement of both quarterly revenue targets as well as operating costs or contribution margin targets. The revenue achievement target represents ***** of the commission structure while a ***** component is based on operating costs or contribution margin. Revenue Portion: Each quarter the commission amount attributable to Revenue will be determined by multiplying the quarterly Revenue by the commission rate documented below. The commission rate will depend on the actual Revenue achievement as a percentage of the quarterly revenue target. ***** The omitted portions of this exhibit have been filed with the Securities Exchange Commission pursuant to a request for confidential treatment under Rule 406 promulgated under the Securities Act of 1933. Operating expense/Contribution margin Portion: Each quarter the commission amount attributable to operating expense/contribution margin will be determined by either incurring actual sales operating expenses less than or equal to the sales operating expense target or achieving actual sales contribution margins equal to or greater than the sales contribution margin target. The quarterly commission amount will vary depending on the level of revenue achieved relative to the quarterly revenue target. For example in Q1, if the Revenue achieved equaled 102% of the Revenue target and the actual operating costs were less than target or the actual contribution margin was greater than target, then the commission amount would be $11,250. Annual Revenue Quota ***** Annual Variable Compensation ***** Variable Compensation based on Revenue target $ ***** $ ***** $ ***** $ ***** $ ***** Variable Compensation based on operating expense or Contribution margin target $ ***** $ ***** $ ***** $ ***** $ ***** Revenue target $ ***** $ ***** $ ***** $ ***** $ ***** Operating expense target $ ***** $ ***** $ ***** $ ***** $ ***** Contribution margin target $ ***** $ ***** $ ***** $ ***** $ ***** 0 - 100% 0.21 % 0.20 % 0.17 % 0.16 % 100% - 105% 2.06 % 2.00 % 1.72 % 1.56 % 105% - 110% 3.12 % 3.00 % 2.59 % 2.34 % >110% 4.00 % 4.00 % 4.00 % 4.00 % 100% $ 7,500 $ 7,500 $ 7,500 $ 7,500 $ 30,000 100% - 105% $ 11,250 $ 11,250 $ 11,250 $ 11,250 $ 45,000 105% - 110% $ 16,875 $ 16,875 $ 16,875 $ 16,875 $ 67,500 > 110% $ 22,500 $ 22,500 $ 22,500 $ 22,500 $ 90,000 ***** The omitted portions of this exhibit have been filed with the Securities Exchange Commission...
Calculation of Commissions. Producer agrees to accept, commissions calculated in accordance with the following terms and conditions:
(a) Forty percent (40%) of first twelve (12) months (New) annual Net Commissions and Fees received on Client Accounts for commercial property and casualty policies and personal lines policies in each case assigned and Coded to Producer as the sole originating/selling and sole servicing producer;
(b) Twenty Five percent (25%) on annual Net Commissions and Fees received subsequent to first twelve (12) months (Renewals) on Client Accounts for commercial property and casualty policies assigned and Coded to Producer as the sole originating/selling and sole servicing producer and zero percent on Renewals of personal lines policies; and
(c) An amount determined on a case by case basis by the Company for Client Accounts of which there is a substantial portion of fee based revenue attributable in whole or part to Producer’s efforts as an originating/selling and/or servicing producer; and
(d) An amount determined by the Company’s policies then in effect on Client Accounts for which the Producer is not both the sole originating/selling producer and the sole servicing producer. These policies may be changed from time to time in the sole discretion of the Company.
(e) Notwithstanding anything to the contrary contained herein, Producer shall not be compensated on clients (new and renewal) listed on Exhibit A.
Calculation of Commissions. The commission is calculated based on the achievement of the quarterly goals as per the tables below. Commission payable is expressed as a percentage of the base salary earned in the quarter. The Company will make an assessment of the commissions owing at the end of the quarter, and may at its discretion, advance commissions in lieu of payment by the customer.
Calculation of Commissions. Qualified New Merchants - A Referred Merchant must satisfy all of the following criteria to constitute a “
Calculation of Commissions. All sales commissions are calculated using the Firestorm Software System. This system tracks all sales and Distributor enrollments made through Distributor Websites at xxxx://xxx.xxxxxxx.xxx. All commissions are calculated pursuant to the Revii Distributor Compensation Plan.
Calculation of Commissions. At the end of each quarter, the commission is calculated based on the achievement of the quarterly goals as per the tables below. Commission payable is expressed as a percentage of the base salary. The Company will make an assessment of the commissions owing at the end of the quarter, and may at its discretion, advance commissions in lieu of payment by the customer. Commissions will be calculated at the end of each quarter - October 31st, January 31st, April 30th, and July 31st. Although the commission is based on the sales earned in a particular quarter, the commission is also subject to the Company receiving the cash for the sales earned in that particular quarter. In order to not delay the payment of the commission in a particular quarter, once the Accounting department has completed their quarter-end reporting, the commission will be calculated and every attempt will be made to pay 50% of it on the next payroll, while the remaining 50% will be held back to ensure that the Company receives the cash for sales earned in that quarter. The Accounting department will review the outstanding accounts receivable at the end of each month, and when 90% of the accounts receivable has been received, or at the discretion of the CFO, the balance of the commission will be paid on the next payroll. Any bad debts will be charged against total sales for the quarter. If all of the cash is not received, the commission will be recalculated for the quarter and if repayment of commission is necessary, it will be deducted from the next commission and/or from the next payroll. Commission payments will be subject to regular payroll deductions. If an employee leaves the Company before the end of a quarter, they will not be entitled to any commission. This plan has been approved for FY2004 only.
Calculation of Commissions. 1. SD shall be receive from SM payment of commissions on all sales of SD Electric Motors (including improvements and new products) less the amount corresponding to those sales falling under the exclusions pursuant to Appendix 7 (hereinafter referred to as “Sales Eligible for Commission”) in the amount of 5.5% of Sales Eligible for Commission during the term of the Agreement.
2. Commissions to be paid to SD by SM shall be calculated monthly on the basis of Sales Eligible for Commission within 60 working days after the end of the respective month and payment made by the end of the month in which the amount of the commissions is calculated. Calculations shall initially be based on invoice dates, and a corresponding adjustment shall be made at the end of the year in the case of uncollectible receivables. As a result, monthly commission payments shall initially represent upfront payments that will if necessary be corrected when accounts are settled as of the end of the year.
3. Commission payments shall be limited to €4.6 million during the term of the Agreement. No further claims for payment of commission shall be honored.
