Sales Bonus definition
Examples of Sales Bonus in a sentence
On commencement of this Agreement, the Business Review Payment is made up of a Productivity Bonus and a Sales Bonus.
If this Agreement is terminated for cause by the Company pursuant to Section 10(a) of this Agreement, the Employee shall be ineligible for any Net Sales Bonus following the date of termination of this Agreement; provided, however, if this Agreement is still in effect on the last day of the fiscal year or other financial reporting period on which a Net Sales Bonus payment is based, the Employee shall remain eligible for a Net Sales Bonus payment for such period in accordance with this Section 3.
If this Agreement is terminated by the Employee for any reason (other than for Good Reason), the Employee shall be ineligible for any Net Sales Bonus following the date of termination, provided, however, if this Agreement is still in effect on the last day of the fiscal year or other financial reporting period on which a Net Sales Bonus is based, the Employee shall remain eligible for a Net Sales Bonus payment for such period in accordance with this Section 3.
The Company shall maintain the Sales Bonus Plan for the term of the Collective Agreement which recognizes individual and team contribution toward sales and performance objectives.
In the event that (i) this Agreement expires as of the End Date, without being extended for another term and (ii) Executive has not earned a Sales Bonus hereunder, then the Company agrees to pay to Executive four (4) months worth of his Base Salary; provided, however, that Executive’s entitlement to such payment is conditioned upon Executive’s execution (and non-revocation) of a release of claims acceptable to the Company and substantially in the form of the release attached at Exhibit C.
Executive’s estate shall also be entitled to payment for (i) any Retention Bonus earned but not yet paid, which such Retention Bonus shall not be subject to repayment pursuant to Section 12, (ii) any Sales Bonus earned but not yet paid and (iii) accrued but unused vacation days during the calendar year such termination occurs.
Any Sales Bonus earned hereunder shall be payable to Executive on the date of closing of any sales transaction directly from the proceeds of any such sales transaction and shall be subject to such withholdings and deductions by the Company as are required to be made pursuant to law, government regulations or order.
On commencement of this Agreement, the Business Review Payment for Assistant Store Managers, upon placement in a home Store, is made up of a Productivity Bonus and a Sales Bonus.
Except for claims or rights under such agreements with respect to Fixed Sales Bonus as described in the letter dated January 11, 1999, from ▇▇.
Notwithstanding the foregoing, the initial Sales Bonus shall accrue and only be due and payable on the 30th day of the month after the Company achieves One Million Dollars ($1,000,000) per month in gross revenue from sales.