SALES COMMISSION POLICY

OVERVIEW

This policy sets the guidelines for entire distribution and calculation of sales commission to our eligible employees within our Company, ensuring Company’s commitment to maintaining ethical and fair relationship with the employees. It encourages competitive bidding whenever possible to obtain best value for money.

1. PURPOSE
   1. The purpose of this policy is to establish clear guidelines and procedures for calculation of sales commission to our employees or sales representative, engaged in the Marketing program of Company’s Products and services. This policy aims at maintaining transparency, efficiency and productive workplace for every working individual in our company.
2. SCOPE
   1. This policy applies to all employees, involved in marketing and promotional activities including full-time, part-time, temporary, at all levels within the Company. This policy covers all activities related to the Marketing of goods and services, including the request, evaluation, approval of purchase order and inspection.
3. COMMISSION STRUCTURE
   1. The Base Commission rate is [INSERT PERCENTAGE] % of the Total Sales Value. Different Commission rates may apply to different products or services based on Company’s specific criteria such as profit margins, strategic priorities etc.
   2. For increased or exceptional performance, a tiered commission structure is implemented: [INSERT SALES RANGE AND CORRESPONDING COMMISSION %].
   3. Any changes to the commission structure will be communicated to the employees or sales representatives of the Company.
4. COMMISSION PAYMENT
   1. Commissions are paid [INSERT FREQUENCY SUCH AS MONTHLY OR QUARTERLY] after the close of the sales period. Deductions, if any, will be applied for product returns and cancellations.
   2. The Company reserves the right to withhold or delay commissions to the employees in cases where suspected fraudulent activity, violations of the Agreement, or other breach of terms are detected. The Company's decision in such matters shall be final and binding.
5. REPORTING AND COMMUNICATION
   1. Sales representatives will receive regular commission statements detailing the calculation and breakdown of commissions earned.
   2. Any changes to the commission structure will be communicated well in advance.
6. CONFIDENTIALITY, INFORMATION SECURITY, PROPRIETARY INFORMATION AND INTELLECTUAL PROPERTY
   1. We are committed to Company information confidentiality, integrity and accessibility, we implement proper technical security measures this and it is our staff’s obligation to uphold this. Proprietary information includes all non-public information that might be harmful to the company or its customers, business partners if disclosed to unauthorized parties. All staff must handle any such information as secret. It also covers that, no one is entitled to trade with securities while in possession of non-public information or deliver non-public information to others that could have impact on the securities. Every rule ensuring information security must be followed all times.
7. COMPLIANCE
   1. Compliance with this policy and applicable laws should be regularly monitored and audited to identify and address any potential gaps or non-compliance.
   2. Any identified breaches or non-compliance should be promptly investigated and appropriate corrective actions should be taken.
8. CHANGES TO THE POLICY
   1. We reserve to right to update and make changes to this policy from time to time based on the working conditions of the Company. The Company on updating this policy will inform the members of the Company.
9. FURTHER INFORMATION
   1. For any queries or further Information regarding our Company or about this Policy, the concerned person can contact us through email [EMAIL ADDRESS]
10. ACKNOWLEGEMENT
    1. We expect all employees to adhere to this policy of the Company. The Company will apply this policy consistently and fairly to ensure a harmonious and productive workplace for all.
    2. By signing below, you acknowledge that you have carefully read and understood the terms and contents of this policy.
    3. You acknowledge that you will follow the set guidelines of this policy as well as of the Company and failure to do so; the Company can take Disciplinary action against such person.

COMPANY                  

Authorized Signature

Print Name and Title

[INSERT SIGNING AUTHORTIY AND DESIGNATION