Common use of Performance Commission Clause in Contracts

Performance Commission. A share of commission is to be paid in cash on the closing of each quarter for all sales on the preceding quarter. The commission for the entire Consumer Appliance Division is as follows: Up to $25 Million of gross sales of Consumer Appliance Division - commission of 1% of gross sales of Consumer Appliance Division Above $25 Million to $50 Million of gross sales of Consumer Appliance Division - commission of 1.5% of gross sales of Consumer Appliance Division Above $50 Million of gross sales of Consumer Appliance Division - commission of 2% of gross sales of Consumer Appliance Division The distribution of commission to the Employee will be determined by the Executive Vice President, Consumer Appliance Division.