COMMISSION SYSTEM. The Company will make available as of the end of the first pay period in September 1994 , a new commission system to all commission sales specialists in Electronics and Big Ticket departments. Anyone who goes onto the new system will have their current deficits at that time wiped out. Those commission sales specialists who will be in deficit greater than $2000.00 will be required to go to the new system at the time of implementation. Those whose deficit figures will be below $2000.00 and who have draws that are higher than the guarantee at the time of implementation will have the choice of remaining on the current system (draw against commission) at their current draw. Those who choose to remain on the current system will keep their existing draw and their deficits will not be wiped out. They will be required to move onto the new system if they accumulate deficits above $2000.00. The new commission system will pay sales specialist commission on all sales transactions at the current commission rate. In place of their current draw, they will receive a guarantee which will be set at $354.50/wk effective January 1, 1997. Effective January 1, 1998 a guarantee which will be set at $358.25/wk. They will not carry a deficit. New hires will start at $300.00/wk for the first three months, after which they will move to a $354.50/wk guarantee. Commissions will be paid out every four weeks (every second pay period) on earnings above the guarantee. In the first pay period, commission specialists will receive the guarantee amount only. In the second pay period any commission earned (during the four weeks) over the guarantee for the four weeks will be included.
Appears in 4 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
