[Company Logo][Company Name]
SALES COMMISSION LETTER
- Ref. No.:
- [Reference Number]
- Date:
- [Date]
To,
[Employee Name]
Employee ID: [Employee ID]
[Designation], [Department]
Subject: Sales Commission Terms Effective [Effective Date]
Dear [Employee Name],
In addition to your fixed salary, you will be eligible for sales commission on the terms below, effective [Effective Date].
| Product / Deal Type | Commission Rate | Basis |
|---|---|---|
| [Product / Service 1] | [Percentage]% | Net invoice value excluding GST |
| [Product / Service 2] | [Percentage]% | Net invoice value excluding GST |
| Renewals / Repeat Orders | [Percentage]% | Net invoice value excluding GST |
| Shared Deals | Split [Percentage]% / [Percentage]% | As recorded in CRM before closure |
- Qualifying sale: an order recorded in [CRM Name] under your name, invoiced by the company, at approved pricing.
- Earning: commission is earned only when the customer payment is received in full.
- Payment: commission earned in a month is paid with the salary of the following month, along with a statement.
- Clawback: if an order is cancelled or refunded within [Number] days of payment, the commission paid on it will be adjusted against future commission.
- Exit: commission on payments received up to your last working day will be settled in your full and final settlement; amounts received thereafter are not payable.
- Changes: the company may revise rates for future periods with [Number] days' written notice; earned commission will not be affected.