Sales Credits Sample Clauses

Sales Credits. Sales Commission is paid to the Sales Rep based on MRM of the following merchant services products: PaymentXL MobilePay GiftCardz Sales Rep earns commissions on sales where they had a direct responsibility for the sale. Sales Revenue minus Tax and Shipping charges are credited to the Sales Rep. Sales credit is allocated on the booking of a contract. An advance commission on 3-month MRM is calculated and provided at the same time. After three months the actual MRM is assessed, and commission is earned against that. The advanced commission is adjusted against the earned commission at the same rate. Calculation: Sales credits related commissions are calculated at the following rates: First 3 months of MRM. Example: Assuming Sales Rep completes the following sales- Contract MRM Duration Contract1 $200 1 month Advance = $600 $250 1 month $100 1 month True-up adjustment = -$50
Sample 1
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Sales Credits. Sales Commission is paid to the Sales Rep based on long term contracts: Sales Rep earns commissions on sales where they had a direct responsibility for the sale. Sales Rep earns commissions only when an invoice to the customer is completely paid. Calculation: Sales commissions are paid as a percent of MRM Commission rate = 2% Example: Assuming the following monthly MRM – Invoice 1 $1000 Invoice 2 $1000 Invoice 3 $2000 Commissions will be calculated as following: $4000 $4000 X 2% = $80 (Commission) President’s Club On achievement of 125% of the annual quota for the main sales commission incentive, Sales Rep will join the President’s club. President’s club members will be invited to the annual sales meeting trip held in the first quarter of the next year.
Sample 1
Sales Credits. Where a sales credit has to be given to a client (because of a dispute over the amount of the job or quality of the final result not meeting client expectation), the credit amount will be adjusted to the “allowable sales” of the team member either in the same month or future months sales. Allocation of jobs: Surface Restoration Technicians cannot pick and choose the jobs or quotes they are allocated. The nature of contracting is taking the good with the bad. Head Office will endeavour to allocate jobs fairly to Technicians with location taken into consideration.
Sample 1
Sales Credits. Sales Commission is paid to the Sales Rep based on the sale of the following products: xiiProduct 1 Product 2 Product 3 Sales Rep earns commissions only when an invoice to the customer is completely paid.xiii Sales Revenue minus Tax and Shipping charges are credited to the Sales Rep and compared to the Quota. Calculation: Sales credits are accumulated and compared against the annual quota. Based on the percentage of quota achievement a different sales commission percent is applied against the current sales revenue and commission amt is calculated. Commission Tiers Quota Achievement Commission Rate 0% to 79.99% 3% 80% to 99.99% 5% 100% to 149.99% 7% 150% and above 10% Example: Assuming Sales Rep has a goal of $100,000 and in the first month completes the following sales- Invoice1 $60,000 Invoice2 $30,000 Commissions will be calculated as following: Invoice 1 $60,000 at 3% = $1,800 (Is in the first tier) Invoice 2 $30,000 (Crosses two tiers) $20,000 at 3% = $600 (this portion is in the first tier) $10,000 at 5% = $500 (this portion is in the second tier) Total Commission: ($2900) xivService Gross Profit Commission Quota: Sales Rep does not have a quota for this Commission. Sales Credits: Sales Commission is paid to the Sales Rep based on the sale of the following services: Service 1
Sample 1
Sales Credits. Sales Commission is paid to the Sales Engineer based on their involvement with the sale of the following products: xiiSoftware Product 1 Software Product 2 Software Product 3 Sales Engineer earns commissions only when an invoice to the customer is completely paid.xiii Sales Revenue minus Tax and Shipping charges are credited to the Sales Engineer and compared to the Quota. Calculation: Sales credits are accumulated and compared against the annual quota. Based on the percentage of quota achievement a different sales commission percent is applied against the current sales revenue and commission amt is calculated. Commission Tiers Quota Achievement Commission Rate 0% to 79.99% 1% 80% to 99.99% 2% 100% to 149.99% 3% 150% and above 4% Example: Assuming Sales Engineer has a goal of $100,000 and in the first month completes the following sales- Invoice1 $60,000 Invoice2 $30,000 Commissions will be calculated as follows: Invoice 1 $60,000 at 1% = $600 (Is in the first tier) Invoice 2 $30,000 = $400 (Crosses two tiers) $20,000 at 1% = $200 (this portion is in the first tier) $10,000 at 2% = $200 (this portion is in the second tier) Total Commission: ($1,000) xivMaintenance and Support Commission Quota: Sales Engineer does not have a quota for this Commission. Sales Credits: Sales Commission is paid to the Sales Engineer based on the Maintenance and Support Contract invoiced: Maintenance & Support Contracts Sales Engineer earns commissions only when an invoice to the customer is completely paid.xv Calculation: Sales credits are accumulated and paid at a standard 2.5% of Revenue. Example: Assuming the following services in the first month – Invoice1 $8,000 Commissions will be calculated as following: Invoice 1 $8,000 $8,000 X 2.5% = $200 (Commission) President’s Club On achievement of 125% of the annual quota for the main sales commission incentive, Sales Engineer will join the President’s club. President’s club members will be invited to the annual sales meeting trip held in the first quarter of the next year.
Sample 1
Sales Credits 
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Related to Sales Credits

  • Credits An employee shall earn sick leave credits at the rate of nine decimal three seven five (9.375) hours for each calendar month for which such employee receives pay for at least seventy-five (75) hours.

  • Earnings Credits The Fund shall receive a credit for each calendar month against such compensation and fees of the Custodian as may be payable by the Fund in an amount equal to the aggregate of its Earnings Credit for such calendar month. In no event may such credit be transferred to, or utilized by, any other person or entity, except to the extent permitted by law, and then only to or by The Dreyfus Corporation, its affiliates and/or any investment company now or in the future for which The Dreyfus Corporation or any of its affiliates acts as the investment adviser or administrator (each, a “Permitted Transferee”). The credit shall be applied as follows and only in the specified order:

  • Sales on Credit If Collateral Agent sells any of the Collateral upon credit, Grantor will be credited only with payments actually made by purchaser and received by Collateral Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Collateral Agent may resell the Collateral and Grantor shall be credited with proceeds of the sale.

  • Prorations and Credits The following items in this Section 5.4 shall be adjusted and prorated between Seller and Purchaser as of 11:59 P.M. on the day preceding the Closing, based upon the actual number of days in the applicable month or year:

  • Refunds and Credits Any refunds and credits attributable to the Pre-Closing Tax Period shall be for the account of Seller and any refunds and credits attributable to any period which is not part of the Pre-Closing Tax Period are for the account of Buyer.

  • Tax Credits A Creditor Party which receives for its own account a repayment or credit in respect of tax on account of which the Borrowers have made an increased payment under Clause 23.2 shall pay to the Borrowers a sum equal to the proportion of the repayment or credit which that Creditor Party allocates to the amount due from the Borrowers in respect of which the Borrowers made the increased payment, provided that:

  • Payments and Contributions Neither the Company, any subsidiary, nor any of its directors, officers or, to its knowledge, other employees has (i) used any Company funds for any unlawful contribution, endorsement, gift, entertainment or other unlawful expense relating to political activity; (ii) made any direct or indirect unlawful payment of Company funds to any foreign or domestic government official or employee; (iii) violated or is in violation of any provision of the Foreign Corrupt Practices Act of 1977, as amended; or (iv) made any bribe, rebate, payoff, influence payment, kickback or other similar payment to any person with respect to Company matters.

  • CREDITS TO ACCOUNT 1. Promptly after each purchase or sale of Securities by the Fund, the Fund shall deliver to Custodian a Certificate or Instructions, or with respect to a purchase or sale of a Security generally required to be settled on the same day the purchase or sale is made, Oral Instructions specifying all information Custodian may reasonably request to settle such purchase or sale. Custodian shall account for all purchases and sales of Securities on the actual settlement date unless otherwise agreed by Custodian,

  • Cash Receipts (a) Annexed hereto as Schedule 2.22(a) is a list of all present DDAs, which Schedule includes, with respect to each depository (i) the name and address of that depository; (ii) the account number(s) maintained with such depository; and (iii) to the extent known, a contact person at such depository.

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