Sample Direct Sales Rep Compensation Plan Template - Free Download | Page 2
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i
Direct Sales Rep Compensation Agreement
Revision Date:
ii
This document describes the agreement between
iii
______________ _
(“Company”) and
iv
(“Sales Rep”) regarding terms related
to compensation.
Company and Payee enter into this agreement whereby Payee provides services to the Company
in return for compensation specified in this agreement.
Duration
This agreement covers the period starting from
v
and ends on
.
All commissions will be calculated and paid once every month, for the preceding month.
Commissions will be calculated and paid out as part of the next payroll cycle, following the month
for which commissions are calculated.
vi
Base Pay
Sales Rep is due a base salary of
vii
, payable every
viii
_______________.
Variable Compensation
Targeted variable compensation for the full year is
ix
________.
Other Compensation
Sales Rep will be paid for all travel and lodging expenses related to sales activities. Auto travel
will be reimbursed at the current federal reimbursement rate (Currently 0.37 cents per mile).
Sales Reps will be required to maintain a cell phone as part of conducting sales business. Sales
Rep will be provided an allowance of $50 per month for cell phone usage.
Client entertainment expenses will be reimbursed as following:
Meals: Reimbursable with receipts
Special Events: Must be pre-approved. Reimbursable with receipts
Expenses will be reimbursed within 30 days of being presented with the receipts and a completed
expense reimbursement form.
x
Product Revenue Commission
Product Revenue Commission will have quarterly quotas, but commissions will be calculated and
paid monthly.
source: myfirstsalesjob.com.au
