Base Commission definition
Examples of Base Commission in a sentence
Commission is currently calculated as follows: (Annual Gross Income x Base Commission Rate) less Amounts Payable Changes can be made to the overall Commission Based Remuneration Structure, or to any or all of its elements (including in relation to eligibility or participation) at the discretion of the Employer, but no changes will affect any existing client payment direction given to and accepted by Macquarie.
The Company Base Commission will be payable monthly and in arrears; provided, that any portion of the Company Base Commission otherwise accruing shall not be deemed to have accrued or be payable until all standards imposed by the Mortgage Broker Commission Deferral has been satisfied where the commission related to a sale of loans by Bank of Manhattan or any other mortgage banking affiliate of Manhattan Bancorp.
If Executive is the account executive of record and provides both the buyer and seller in the transaction the Base Commission will be increased to 25%.
Your base commission rate, re-enrollment commission rate, re-pitch commission rate, and bonus commission rate, if any, are as follows: Base Commission 6.2% 10.25% Re-enrollment Commission 4.0% 6.2% Re-pitch Commission 2.0% 3.0% Bonus Commission, if any 1.0% 1.6% The Institute will tabulate your sales performance and productivity statistics for the previous 7 days each week on Wednesday mornings.
Example: Total Controllable Revenue $400,000 Total Compensation $ 40,000 Base Commission Rate = $40,000/$400,000 = 10% Thus, a sales representative will earn a 10% commission for each dollar of controllable revenue sold.