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Commission Based Employment Contract
"I need a Commission Based Employment Contract for a senior sales manager position in our software company, with a 70-30 split between commission and base salary, including quarterly performance targets and accelerators for exceeding goals, starting March 1, 2025."
1. Parties: Identification of the employer and employee with full legal names and addresses
2. Background: Context of the employment relationship and purpose of the agreement
3. Definitions: Key terms used throughout the contract, particularly focusing on commission-related terminology
4. Position and Duties: Description of the employee's role, responsibilities, and reporting structure
5. Duration and Probationary Period: Term of employment and initial probationary period details
6. Remuneration Structure: Base salary (if any) and detailed commission structure including calculation methods
7. Commission Terms: Specific conditions for earning commission, payment timing, and clawback provisions
8. Working Hours: Standard working hours, flexibility requirements, and overtime provisions
9. Leave Entitlement: Annual leave, public holidays, and other types of leave
10. Confidentiality: Protection of company information and trade secrets
11. Data Protection: Compliance with GDPR and German data protection requirements
12. Termination: Notice periods and conditions for contract termination
13. Post-Termination Obligations: Commission payments after termination and final settlement
14. Governing Law: Confirmation of German law application and jurisdiction
1. Non-Competition: Post-employment restrictions, used when protecting client relationships is crucial
2. Company Car: Terms for provision of company vehicle, if applicable
3. Additional Benefits: Details of any additional benefits package, if offered
4. Remote Working: Provisions for working from home or other locations, if permitted
5. Training Requirements: Mandatory training and professional development obligations
6. Expense Reimbursement: Process and eligibility for business expense claims
7. Bonus Schemes: Additional performance-based incentives beyond commission
8. International Travel: Terms for international work if role requires cross-border activities
1. Commission Structure: Detailed breakdown of commission rates, tiers, and calculation methods
2. Performance Metrics: Specific KPIs and targets that trigger commission payments
3. Territory Assignment: Definition of geographical or client territory if applicable
4. Product Portfolio: List of products/services for which commission is payable
5. Commission Payment Schedule: Timing and process for commission calculations and payments
6. Benefits Package Details: Comprehensive overview of all benefits and eligibility criteria
7. Company Policies: Reference to relevant company policies affecting commission-based employees
Authors
Real Estate
Insurance
Financial Services
Retail
Automotive
Software and Technology
Telecommunications
Pharmaceutical Sales
Manufacturing
Professional Services
Media and Advertising
Consumer Goods
Sales
Business Development
Account Management
Commercial Operations
Revenue
Channel Sales
Direct Sales
Inside Sales
Field Sales
Human Resources
Legal
Finance
Sales Representative
Business Development Manager
Account Executive
Sales Manager
Real Estate Agent
Insurance Broker
Financial Advisor
Recruitment Consultant
Sales Director
Commercial Manager
Business Development Executive
Territory Sales Manager
Channel Sales Manager
Inside Sales Representative
Regional Sales Director
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