Common use of HOW CALCULATED Clause in Contracts

HOW CALCULATED. The primary basis for the calculation of cosmetic commissions payable is the net cosmetic sales figure for your store. This figure is obtained from data on the Daily Weekly Store Cash Summary and is the same information that shows for "cosmetic sales " on the Store Performance Report. Commission amount due will be calculated by the paid through the Payroll department. Any questions regarding the payment of commission should be directed to the Payroll department. Commission will be paid to eligible cosmeticians within 30 days of the end of the relevant quarter. Commission payments will be included with the regular pay, and details of the entitlement will be provided. Commission quarters are outlined as follows: 1st quarter - Periods 1, 2 and 3; 2nd quarter - Periods 4, 5, 6 and 7; 3rd quarter - Periods 8, 9 and 10; 4th quarter - Periods 11, 12 and 13; The amount of commission for which the cosmetician(s) in a store are eligible currently remains at 2% of net cosmetic sales. Where relevant for purposes of paying commission, hours worked will include all vacation hours, and exclude sick leave and leave of absence.

HOW CALCULATED. The primary basis for the calculation of cosmetic commissions payable is the net cosmetic sales figure for your store. This figure is obtained from data on the Daily Weekly Store Cash Summary and is the same information that shows for "cosmetic sales " on the Store Performance Report. Commission amount due will be calculated by the paid through the Payroll department. Any questions regarding the payment of commission should be directed to the Payroll department. Commission will be paid to eligible cosmeticians within 30 45 days of the end of the relevant quarter. Commission payments will be included with the regular pay, and details of the entitlement will be provided. Commission quarters are outlined as follows: 1st quarter - Periods 1, 2 and 3; 2nd quarter - Periods 4, 5, 6 and 7; 3rd quarter - quarter- Periods 8, 9 and 10; 4th quarter - Periods 11, 12 and 13; The amount of commission for which the cosmetician(s) in a store are eligible currently remains at 2% of net cosmetic sales. Where relevant for purposes of paying commission, hours worked will include all vacation hours, and exclude sick leave and leave of absence.