Sales Compensation Plan Sample Clauses

Sales Compensation Plan. ‌ A complete copy of the Sales Compensation Plan has been provided to you. The Sales Compensation Plan is a part of the Contract, and you are bound to its terms. The Sales Compensation Plan may be changed by the Company at any time with 30 days prior notice. A current copy of the Sales Compensation Plan may be found at xxx.xxxxxx.xxx.xx.
Sample 1
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Sales Compensation Plan. The Sales Compensation Plan shall apply to employees working in the following occupations:
Sample 1Sample 2
Sales Compensation Plan. The specific plan utilized by the Company that outlines the details and requirements of the compensation structure for Brand Affiliates. A Brand Affiliate Account under which another Brand Affiliate Account is originally placed after it has applied to become a Brand Affiliate. A group of Brand Affiliates either directly sponsored or linked in a direct chain of sponsorship in the sales organization of a particular Brand Affiliate. Any market that is not an Authorized Market. A Uniform Resource Locator or web address.
Sample 1
Sales Compensation Plan. The specific plan utilized by the Company that outlines the details and requirements of the compensation structure for Distributors. A Distributorship under which another Distributorship is originally placed after it has applied to become a Distributor. Any country or market that is not an Authorized Country. A Uniform Resource Locator or web address.
Sample 1
Sales Compensation Plan. In addition to your base salary, you will be eligible for a bonus of 70% of your base salary for meeting specific revenue growth objectives with the potential to exceed if goals are exceeded. The Sales Compensation Plan and bonus specifics will be defined within two (2) weeks of your date of hire. The Board shall determine, in its sole discretion, whether you are entitled to receive any such bonus and, if so, the amount of any such bonus. Any such bonus for 2012 will be pro-rated based upon your actual days of service. In order to earn any such bonus, you must remain employed by the Company through the date the bonus is paid according to the Sales Compensation Plan.
Sample 1
Sales Compensation Plan. You will also qualify to participate in a Sales Compensation Plan under which you can earn up to $355,000 in sales compensation. Details of your Sales Compensation Plan will be provided to you around the Closing Date. Stock Options: Adobe inspires employees to contribute at peak performance and share in the success of the company. In accordance with Adobe’s Equity Granting Guidelines, you will be granted the opportunity to purchase 30,000 shares of Adobe common stock, although these shares and the price at which you would be able to purchase them are subject to final approval by the appropriate committee of the Board of Directors and to the terms of the applicable equity plan. The option price is the closing price on the option grant date as quoted on the Nasdaq Global Select Market. Your stock options will vest with respect to 25% of the shares subject thereto on the first anniversary of the vesting measurement date and then with respect to 1/48th of the shares subject thereto monthly thereafter, subject to your continued employment through each vesting date.
Sample 1
Sales Compensation Plan. The Company will formalize and present you with an incentive compensation plan, which you will be required to sign in order to earn incentive compensation. Incentive compensation will be subject to payroll deductions and all required withholdings, and will be payable in accordance with the terms of the Sales Compensation Plan. For calendar year 2013, the amount of your annual bonus will be based on the attainment of established performance goals, which are reviewed annually. Your target and maximum annual commission potential shall be 100% and 175%, respectively, of $200,000. Commissions, if any, are paid following the close of each quarter.
Sample 1
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Sales Compensation Plan. A. An Executor (ET) receives no compensation for sponsoring other Executor (ET)s. B. An Executor (ET) is neither guaranteed a specific income nor assured any level of profit or success. An Executor (ET)’s profit and success can come only through the successful sale of products or services and the sales of other Executor (ET)s within the Executor (ET)’s Organization. All success is based primarily on the efforts of the Executor (ET). C. Without affecting an Executor (ET)’s right to retail profits based on his sale of products or services, an Executor (ET) can receive a Bonus only if, on a monthly basis, he fulfills all requirements of the Sales Compensation Plan, including but not limited to, retail sales requirements, and is not in default of any material obligations under the Contract. D. An order for products or services to be resold is included in the Bonus and qualification computations for a given week or month only if received on or before the last business day of that period (week or month). Qualification and calculation of bonuses is subject to any cooling off and return policy requirements. If a Company credit is issued on products or services ordered but not available that month, Personal Sales Volume for those products or services will only be included in Bonus qualification computations for the month in which that credit is redeemed. E. Each Executor (ET) receiving a Bonus agrees to retain documentation, for at least four years, evidencing retail sale of products in the month for which the Bonus was paid. Each Executor (ET) agrees to make this documentation available to the Company at the Company’s request. An Executor (ET)’s failure to do so constitutes a breach of the Contract and entitles the Company to recoup any Bonus paid for orders in a month for which retail sales documentation is not maintained. F. In addition to any recoupment rights provided above, the Company reserves the right to recoup any Bonuses paid to any Executor (ET)s on products or services: 1) returned under the Company’s refund policy or exceptions thereto established by an authorized Distribution Center. 2) returned to an authorized Distribution Center under any applicable law; or 3) returned in relation to any incident of Distributor misconduct, including but not limited to unauthorized or misleading representations made either in connection with the offer or sale of any product or service, the opportunity or operation of the Sales Compensation Plan; or 4) stolen or obt...
Sample 1
Sales Compensation Plan. You will remain on and be eligible to receive a revenue based incentive payment based on sales metrics defined in the 2013 and 2014 Prolexic Incentive Compensation Plan. After the Closing Date, you will be converted to an Akamai Sales Compensation plan to be determined.] [Performance Bonus. You are eligible to participate in the Company Performance Bonus Program in accordance with the written terms and conditions of that program, which provides the potential for a bonus up to [__]% of your annual base salary. The bonus award, if any, will be based on both individual and corporate performance and will be determined by the Company and your manager in his or her sole discretion and will be prorated based on the date you actually begin working for the Company. In order to earn a bonus, you must be an active employee of the Company, in good standing, on the date the bonus is distributed. If a bonus award is declared and earned, it will be paid in Q1-2015.]
Sample 1

Related to Sales Compensation Plan

  • Incentive Compensation Plan In addition to receipt of Basic Compensation under the Employment Agreement, you shall participate in the Incentive Compensation Plan for Executive Officers of the Company (the “Compensation Plan”) and shall be eligible to receive incentive compensation under the Compensation Plan as may be awarded in accordance with its terms.

  • Long-Term Incentive Compensation Subject to the Executive’s continued employment hereunder, the Executive shall be eligible to participate in any equity incentive plan for executives of the Firm as may be in effect from time to time, in accordance with the terms of any such plan.

  • Extra Compensation The Board shall pay no fees, other than described above, to the PA/E unless authorized by the Board as follows: A. If the scope of the Project or site is changed, the Board and the PA/E shall negotiate a reasonable fee based upon the probable estimated construction cost in changing the scope of the work and the approximate percentage of the estimated construction cost which was used to negotiate this Agreement if, and, as such may be applicable. B. If the DOE or Board requires the PA/E to make major or costly changes to the Schematic, Preliminary or Construction Document Phase submittals, which changes are not caused by architectural or engineering error or oversight, the PA/E shall be paid to redesign for additional expenses in an amount agreed to by the parties. Under no circumstances will the principals of the PA/E and the principals of his consultants be paid a fee in excess of $125.00 per hour.

  • Short-Term Incentive Compensation In addition to the foregoing Base Salary, the Executive shall be eligible during the Term to receive cash short-term incentive compensation, determined and payable in the discretion of the Compensation Committee of the Board. At least annually, the Compensation Committee shall consider awarding short-term incentive compensation to the Executive.

  • Deferred Compensation Plan Manager shall be eligible to participate in the First Mid-Illinois Bancshares, Inc. Deferred Compensation Plan in accordance with the terms and conditions of such Plan.

  • Cash and Incentive Compensation (a) All payments referenced in this Agreement are subject to applicable tax withholdings and authorized or required deductions.

  • Equity Incentive Compensation Upon the Closing, each incentive award in respect of the common stock of Seller Parent (a “Seller Parent Equity Award”) held by a Transferred Employee shall become vested or eligible to vest (subject to the satisfaction of any applicable performance goals) in a prorated amount, determined based on the number of days in the applicable vesting period elapsed as of the Closing Date. Effective as of the Closing, Purchaser or its Affiliates shall grant to each Transferred Employee an equity- or cash-based incentive award (a “Make-Whole Award”) with a grant date fair value that is no less favorable than the value of the portion of the Seller Parent Equity Awards forfeited by the Transferred Employee in connection with the Closing (which forfeited amount shall be disclosed to Purchaser Parent no later than five (5) Business Days prior to the Closing), which Make-Whole Award shall have terms and conditions that are no less favorable than the terms and conditions (including vesting schedule and accelerated vesting terms) that were applicable to the corresponding Seller Parent Equity Award. In the event that the post-Closing transfer of a Delayed Transfer Employee results in a larger portion of the Seller Parent Equity Awards held by such Delayed Transfer Employee becoming vested upon such Delayed Transfer Employee’s transfer of employment than if the employment of such Delayed Transfer Employee had transferred upon the Closing, then the incremental cost of such additional vesting (which cost shall be measured based on the taxable income the Delayed Transfer Employee either realized or would have realized had such awards been settled or exercised upon such Delayed Transfer Employee’s transfer of employment to Purchaser or its Subsidiaries) shall be considered Purchaser Assumed Employee Liabilities.

  • Bonus Compensation During the term hereof, the Executive shall participate in the Company’s Senior Executive Annual Incentive Plan, as it may be amended from time to time pursuant to the terms thereof (the “Plan,” a current copy of which is attached hereto as Exhibit A) and shall be eligible for a bonus award thereunder (the “Bonus”). For purposes of the Plan, the Executive shall be eligible for a Bonus, and the Executive’s specified percentage (the “Specified Percentage”) for such Bonus shall initially be fifty percent (50%) of Base Salary and shall thereafter be established annually by the Board of Directors (the “Board”) or, if the Board delegates the Specified Percentage determination process to a Committee of the Board, by such Committee. In the event the Board or Committee does not approve the Executive’s Specified Percentage within 90 days of the beginning of a fiscal year, such Specified Percentage shall be the same as the immediately preceding year. Whenever any Bonus payable to the Executive is stated in this Agreement to be prorated for any period of service less than a full year, such Bonus shall be prorated by multiplying (x) the amount of the Bonus otherwise earned and payable for the applicable fiscal year in accordance with this Sub-Section 4.2 by (y) a fraction, the denominator of which shall be 365 and the numerator of which shall be the number of days during the applicable fiscal year for which the Executive was employed by the Company. Executive agrees and understands that any prorated Bonus payments will be made only after determination of the achievement of the applicable Performance Measures (as defined in the Plan) in accordance with the terms of the Plan. Any compensation paid to the Executive as Bonus shall be in addition to the Base Salary.

  • Profit Sharing Plan Under the Northrim BanCorp, Inc. Profit Sharing Plan (the “Plan”), Executive shall be eligible to receive an annual profit share based on performance as defined by the Board of Directors. Executive will be classified in the Executive tier under the Plan’s Responsibility Factors. If Employer is required to prepare an accounting restatement due to “material noncompliance of the Employer,” the Employer will recover from the Executive any incentive compensation during the three (3) years prior to the date of the restatement, in excess of what would have been paid under the restatement. Executive’s signature on this Agreement authorizes Employer to offset or deduct from any compensation Employer may owe Executive, any excess payments (in whole or in part) that Executive may owe Employer due to such restatement(s).

  • Separation Compensation In exchange for your agreement to the general release and waiver of claims and covenant not to sue set forth below and your other promises herein, the Company agrees to provide you with the following:

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