Sales Incentive Sample Clauses
A sales incentive clause establishes the terms under which employees or agents are rewarded for achieving specific sales targets or objectives. Typically, this clause outlines the criteria for earning incentives, such as meeting or exceeding sales quotas within a defined period, and details the form of the incentive, which may include bonuses, commissions, or other rewards. Its core practical function is to motivate and reward sales personnel for high performance, thereby aligning their efforts with the company's sales goals and driving overall business growth.
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Sales Incentive. (a) You may be eligible to participate in the Company's sales incentive plan.
(b) Your participation is subject to the rules of the plan and the Company may amend or revoke these rules at any time. They do not form part of your employment agreement.
(c) Your participation in the plan, and all payments and benefits under the plan (if any), are at the absolute discretion of the Company and may be varied or discontinued from time to time. In doing so, the Company will not be required to replace the sales incentive or provide any benefit or other form of compensation to you.
(d) Any payment to you will be net of any applicable tax and superannuation contribution which the Company is required to make in respect of any incentive payment.
Sales Incentive. LSI shall pay Vendor a sales assistance fee equal to an amount mutually agreed upon at the time it purchases Products. Such fees shall be used by Vendor in any manner to provide incentive to Vendor's sales personnel as a result of Customers entering into Leases under the Program, including, without limitation, as bonuses, incentive programs, sales commissions and other awards.
Sales Incentive. If AMERX net sales for fiscal 2025 quarter increase at least 15% but less than 25% over the prior fiscal years' net sales for the corresponding quarter, incentive pay will consist of a cash payment equal to 4.25% of net sales growth for that quarter over the prior fiscal years' net sales for that quarter.
Sales Incentive. (i) For the calendar year 2015, Executive will be eligible to earn a Sales Incentive determined by the financial results of the North American Sales & Marketing organization, with an overall annual target amount of $500,000 (Five Hundred Thousand Dollars), payable in monthly installments. The specific criteria for this Sales Incentive were determined by the Compensation Committee under and in accordance with the Diamond Resorts International, Inc. 2013 Incentive Compensation Plan.
(ii) For each calendar year during the term beginning January 1, 2016, Executive will be eligible to earn a Sales Incentive determined by the financial results of the North American Sales & Marketing organization, with an overall annual target amount of $500,000 (Five Hundred Thousand Dollars), payable as follows: An amount of the Sales Incentive up to $250,000 (Two Hundred Fifty Thousand Dollars) per year, will be payable in monthly installments. The specific criteria for this Sales Incentive will be determined by the Compensation Committee in its discretion prior to the start of each calendar year covered by the incentive. To the extent payments would be in excess of $250,000 in a calendar year, Executive will be eligible to earn such excess upon achievement of the objectives determined by the Compensation Committee in its discretion under and in accordance with the Diamond Resorts International, Inc. Bonus Compensation Plan for purposes of eligibility for the Annual Performance Bonus under Section 3.2. Any amount due to Executive in excess of $250,000 under the preceding sentence will be paid at the same time and in addition to any Annual Performance Bonus under Section 3.2.
Sales Incentive. If AMERX net sales for fiscal 2020 quarter increase 25% or more over the prior fiscal years’ net sales for the corresponding quarter, incentive pay will consist of a cash payment equal to 5.50% of net sales growth for that quarter over the prior fiscal years’ net sales for that quarter. The Sales Incentive Bonus will be paid by AMERX to the Executive 30 days following the end of the fiscal quarter Profit Incentive: The profit incentive, which includes profit from product sales, as well as profit from other activities which may be designated from time to time by the Board of Directors, will be based on audited fiscal year 2020. AMERX Profit Bonus:
Sales Incentive. In addition to the flat fee, Selling Agents that CLOSE multiple Sky Castle homes between January 1 and December 31 will be paid an additional bonus according to the Bonus Schedule. In order to collect additional bonus, selling agent must submit Closing Form with contract. Additional terms, the Bonus Schedule and the Closing Form can all be found on Sky Castle’s website. TENNESSEE RESIDENTIAL PROPERTY CONDITION EXEMPTION DISCLOSURE SELLER Date BUYER BUYER Date Date ADDENDUM 3 WIRE FRAUD WARNING BUYER BUYER
Sales Incentive. 11 7.4 Audit........................................... 11
Sales Incentive. Your Sales Commission, to the extent earned, shall be paid in accordance with the Lantronix Sales Incentive Plan. Currently the Lantronix Sales Incentive Plan is paid as a monthly draw approximately two (2) months following the applicable sales month, with adjustments made each quarter (“true-up”). Full payment of Sales Commission for applicable quarters shall therefore be paid on a quarterly basis, two (2) months following the end of each fiscal quarter (and following the date upon which the Company publically releases its quarterly financial statements). In the event that your employment with the Company terminates prior to the end of a fiscal quarter, the Sales Commission for such partial fiscal quarter will be paid out on an as-earned basis and will be calculated based on actual results through your termination date, and in accordance with the Lantronix Sales Incentive Plan. Any Sales Commission payments shall be less applicable withholdings and deductions. You shall be eligible to receive a quarterly Sales Commission of up to $18,000, annualized at $72,000, and paid on a pro rata basis according to the actual number of months worked during the fiscal quarter, and based on the Company meeting minimum annual worldwide sales revenue as per the Lantronix Sales Incentive Plan. The annual commission is not capped and should you over-achieve the sales quota, you will earn more than the targeted commission as per the Lantronix Sales Incentive Plan. Your Sales Commission will be guaranteed at 100% for the first six months of employment. Lantronix reserves the right to change or discontinue the plan at any time.
Sales Incentive. The Company will establish a Sales Incentive program, commencing on January 1, 2011, whereby Employee will be eligible to earn a Sales Incentive in the amount of 35% of her Base Salary. Sales incentive is payable at achievement of 95% of financial goal, with the bonus calculated using the percentage of goal achieved with a floor of 95% and up to a maximum of 150%. For example, should the actual results be 120% of the goal amount, the Incentive would be 120% of 35% or 42% of Employee’s Base Salary ($73,500). The goal for each year will be established by mutual agreement of the Employee and Company by January 31 of each plan year.