SALES MANAGER INCENTIVES Sample Clauses

SALES MANAGER INCENTIVES. 1. A monthly allowance will be paid to the Managing Partner, to be passed through to the SM, for those SM's who qualified for an Agency Builders Conference in the current year (plus qualified for a prior Agency Builders Conference, if the SM has been an SM for less than four calendar years). The amount will be either $200 or $300 per Qualifying Agent* in the SM's unit, as follows: FYC (all products) In Prior Calendar Year Status as of 1/1 - Current Yr. For $200/month For $300/month Agents in 1st contract year $22,000 $29,500 Agents in 2nd contract year 25,000 33,500 Agents in 3rd contract year 31,000 43,000 Agents in 4th contract year 37,500 54.000 Agents in 5th+ contract year 38,500 54,000 *Agent with FYC from all products as indicated in above table with at least 50% from individual life, DI, and annuities (minimum of $10K FYC in annuities), or 50% from individual life and DI. Regarding new recruits in current year, for SM to receive $200 in a given month, recruit must average $1800 FYC YTD per month; for SM to receive $300 in a given month, recruit must have produced $29,500 YTD. 2. A monthly allowance will be paid to the Managing Partner, to be passed through to the SM, for those SM's who qualified for the Agency Builders Conference in the current year and have been an SM for at least 24 months. The amount shall be paid for Qualified Recruits, who are agents recruited by the SM during the current calendar year who are either financed or, if not financed, are averaging at least $1,200 per month YTD in FYC for all products, with at least 50% from life, DI, and annuities (minimum of 10K FYC in annuities), or 50% from individual life and DI. The amount of this allowance shall be $150 per month per Qualified Recruit plus 10% of the FYC of the Qualified Recruit in the prior month. 3. SM Management Trainee Allowance - A monthly allowance of $500 per sales ------------------------------- management trainee, for up to one year, will be paid to the Managing Partner, to be passed through to the trainee, for company-approved SM candidates. These trainees must be following Company-approved development plans to continue receiving the allowance, and will be eligible for SIP at the completion of the Management Trainee Program.
Sample 1
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Related to SALES MANAGER INCENTIVES

  • Incentive Management Fee In addition to the Management Fee, RREM shall, on an annual basis, pay to Manager, an Incentive Management Fee equal to thirty percent (30%) of the actual income for each calendar year in excess of 110% of the budgeted income for such calendar year, not to exceed $7,500.

  • Long-term Incentive Compensation Programs During the Employment Period, the Executive shall participate in all long-term incentive compensation programs (including, without limitation, programs providing for the grant of stock options and other equity-based awards) for key executives at a level that is commensurate with the Executive's participation in such plans immediately prior to the Effective Date, or, if more favorable to the Executive, at the level made available to the Executive or other similarly situated officers at any time thereafter.

  • Long-Term Incentives The Company shall provide the Executive the opportunity to earn long-term incentive awards under the current equity and cash based plans and programs or replacements therefor at a level commensurate with the current aggregate opportunity being provided to the Executive.

  • Incentive Programs During the Term of Employment, the ------------------ Executive shall be entitled to participate in any annual and long-term incentive programs adopted by the Company and which cover employees in positions comparable to that of the Executive.

  • 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.

  • Long-Term Incentive Program During the Term, the Employee shall participate in all long-term incentive plans and programs of the Group that are applicable to its senior executives in accordance with their terms and in a manner consistent with his position with the Company.

  • Long-Term Incentive Programs The Executive shall be eligible to participate in the Company's long-term incentive compensation programs (including stock options and stock grants).

  • Bonus Program You will be eligible for an annual target bonus of 35% of your annual base salary as determined by the Board in its sole discretion based upon, among other things, the achievement of pre-determined performance milestones. Any annual bonus, if earned, shall be paid no later than March 15th of the year immediately following the year to which the applicable annual bonus relates.

  • MIP The term "MIP" for purposes of this Agreement shall mean --- the SunTrust Banks, Inc. Management Incentive Plan or, if there is any material change in the terms, operation or administration of such plan following a Change in Control, any successor to such plan in which Executive is eligible to participate and which provides an opportunity for a bonus for Executive which is comparable to the opportunity which Executive had under such plan before such Change in Control or, if Executive reasonably determines that there is no such plan in which Executive is eligible to participate but SunTrust or a parent corporation maintains a short term bonus plan for the benefit of senior executives which provides for such an opportunity, such other plan as agreed to by Executive and the Compensation Committee.

  • Compensation of the Investment Manager 4.1 For the services to be rendered as provided herein, the Adviser shall pay to the Investment Manager for each month of the Fund’s fiscal year on the last day of each such month a fee based upon the average daily net assets of the Account, as determined pursuant to the Fund’s Registration Statement, at the following annual rate as a percentage of the Account's average daily net assets:

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