Commission Payouts definition

Commission Payouts means the amounts payable to a Participant by an Employer in cash in respect of services rendered during a Plan Year under any commission scheme or commission draw arrangement, including any Elective Deductions, but excluding Bonus Amounts, stock-related awards and other non-monetary incentives.

Examples of Commission Payouts in a sentence

  • Commission Payouts covered by the Agreement will be processed in Paypal or other methods determined by us and in the USD currency.