Director of Mechanical Parking Sample Clauses

Director of Mechanical Parking. Mechanical Parking Systems sales efforts by Boomerang and JVC personnel shall be managed by Pxxxx Xxxxxxx (“Anderes”). Anderes shall train Boomerang sales staff on how to prospect and sell the Mechanical Parking Systems. Anderes will receive a draw of $12,000 per month (the “Draw”) paid to him in accordance with his Employment Agreement, attached hereto and made a part hereof as Exhibit “B”. In addition, the JVC will pay all reasonable travel expenses of Anderes for commuting to the New Jersey offices until it is determined where Anderes will reside. These reimbursement are limited to economy travel and an agreed upon per diem for food, hotel and transportation. It is anticipated that Anderes will spend 9 business days per month at the corporate offices in New Jersey, unless traveling elsewhere on other related business. It is currently anticipated that Anderes will be available in 3 day increments 3 times per month. Anderes will receive base compensation of 5% of gross sales payable to him (the “Base Compensation”). All such Base Compensation will be applied first toward the repayment of the Draw until repaid. After JVC sales reach $5 million, Anderes’ compensation will be reduced to 3%. Anderes as an officer is not entitled to a commission outside of this compensation. Anderes commissions shall be reduced by 1% in the event that the lead for a project was generated by Boomerang and reduced by 2% in the event that the lead for a project was generated by Boomerang and Boomerang provides material assistance for selling and closing the transaction. Anderes commissions shall be reduced to 3% on the first $5MM in sales and 2% thereafter in the event that Boomerang generated the lead and was primarily responsible for selling and closing the deal. In the event that the lead was generated and closed by the JVC by personnel managed by Anderes, then Anderes shall receive a commission of at least 3% in all cases.
Sample 1
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