Guarantee with Variable Commission Sample Clauses

Guarantee with Variable Commission. Upon ratification, the Company will implement a guarantee with variable percentage commission program. The draw rate prior to ratification will be the guaranteed rate for existing employees. New major home fashion employees will have the same minimum hiring rate as Wage Group 1. Every February will have the guaranteed rate amended based on previous year’s earnings. Appendix A and Letter of Understanding #6 do not apply to major home fashion employees. There is no change to non-productive rate use or practice as a result of the move to guarantee with variable commission. Effective upon ratification, any deficit from fall commission will be forgiven. The parties agree that the optimum complement of home fashion employees is 5 based on annual volume of $1,500,000. An additional full time home fashion employee may be added once volume reaches $1,850,000 in any 12 month period and the total gross commission earnings earned on the new volume level exceeds the total gross commission earnings from the preceding 12 month period by $18,000. Going forward, the complement of home fashion employees may be increased by 1 every subsequent time volume increases by $350,000 and total gross commission earnings exceed the total gross commission earnings from the preceding 12 month period by $18,000. Additionally, a 7th –or subsequent- home fashion employee will not be hired until at least 12 months have elapsed since the most recent hiring. The Company retains the discretion to staff the major home fashion area to optimum numbers. Before a new home fashion employee is hired the Company will provide the Union with a report showing the increase in sales volume and the change in gross commission earnings. Any new home fashion employee who cannot match her draw during her probationary period may be dismissed before the conclusion of her probationary period for that reason or any other reason.
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