Sales Commission Plan definition

Sales Commission Plan means a plan setting forth, for a given fiscal year, sales commission compensation payable to Executive based on performance criteria previously determined by the Board of Directors of the Company for such fiscal year.
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Examples of Sales Commission Plan in a sentence

  • If the Distribution Date occurs prior to December 31, 2006, Idearc Group shall continue each Short Term Incentive Plan and each Sales Commission Plan in effect as of the Distribution Date, until December 31, 2006.

  • All Liabilities relating to Idearc Individuals under each Short Term Incentive Plan or Sales Commission Plan shall cease to be Liabilities of the Verizon Group and shall be assumed in full and in all respects by Idearc, as of the Distribution Date.

  • The Advertising Sales Commission Plan will be as outlined in the attached Appendix “F” Letter of Understanding.

  • The Company shall cause any successor/acquiring entity in such Change in Control to adopt the Sales Commission Plan.

  • Any Bonus Payment shall be payable by Company (or its corporate successor) to Executive within five (5) business days following the consummation of such Change in Control, and any Sales Commission Payments will be payable in accordance with the terms of the Sales Commission Plan.

  • It is understood by the parties that commission paid on the yellow pages product will be paid to the selling sales person only at their regular commission rate and is not otherwise subject to Article 6, Commission Plan or Appendix F, Advertising Sales Commission Plan letter of understanding.

  • However, if the policies were issued on the Modified Pro Rata First-Year Sales Commission Plan and lapsed during the first policy year, the pro rate first-year commission lapse charge will be made against the writing Agent only.

  • For purposes of this definition of Compensation, the terms "non-recoverable draws" and "recoverable draws" shall mean payments made to sales personnel in advance of actual earnings as specifically explained in the Horizons Technology, Inc., Sales Commission Plan communicated to all affected employees.

  • The Executive’s commission overrides shall be governed by the IMAX Sales Commission Plan, as may be amended from time to time, to the extent not modified in this Agreement.

  • In addition to her Annual Base Salary, the Employee will be entitled to receive commission on certain sales credited to her during the Employment Period (the “Commission Award”), per the Sales Commission Plan detailed in Exhibit A.