The Commission Based Employment Contract is essential for businesses in Singapore employing sales professionals and other roles where performance-based compensation is a significant component of remuneration. This document establishes clear parameters for commission calculations, payment terms, and performance expectations while ensuring compliance with Singapore's employment laws and regulations. It protects both employer and employee interests by clearly defining commission structures, targets, and payment schedules, while incorporating mandatory requirements for CPF contributions, statutory benefits, and employment terms under Singapore jurisdiction.
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Key Requirements PROMPT example:
Commission Based Employment Contract
"Need a Commission Based Employment Contract for a new senior sales executive in Singapore, offering 5% commission on all sales with a monthly base salary of SGD 5,000, starting March 2025, with a focus on technology software sales and including non-compete provisions."
1. Parties: Identification and details of employer and employee
2. Background: Context of employment relationship and commission-based arrangement
3. Definitions: Key terms used throughout the contract including commission, targets, and payment terms
4. Appointment and Duties: Role, responsibilities, and scope of employment
5. Commission Structure: Detailed explanation of commission calculation, rates, and payment terms
6. Performance Metrics: Targets and measurement criteria for commission
7. Payment Terms: Timing and method of commission payments, including statutory deductions
8. Statutory Benefits: Leave, CPF contributions, and other mandatory benefits under Singapore law
9. Termination: Conditions and process for ending employment, including notice periods
1. Non-Compete: Restrictions on post-employment competition and client solicitation
2. Travel Requirements: Terms regarding business travel and related expenses reimbursement
3. Training and Development: Provisions for skills development, training requirements and certifications
4. Company Property: Terms regarding use and return of company assets and confidential information
1. Commission Structure Schedule: Detailed breakdown of commission rates, tiers, and calculation methods
2. Performance Targets Schedule: Specific metrics and targets for commission eligibility and calculations
3. Benefits Schedule: Detailed listing of all benefits and entitlements including statutory and additional benefits
4. Territory/Client List: Defined sales territory or client assignments including any exclusivity arrangements
Authors
Relevant legal definitions
Agreement
Base Salary
Commission
Commission Period
Confidential Information
Customer
Effective Date
Eligible Sales
Employment Period
Gross Commission
KPIs
Net Commission
Performance Metrics
Performance Targets
Products
Quarterly Targets
Sales Territory
Services
Target Achievement
Term
Territory
Working Hours
Monthly Sales Quota
Commission Rate
Commission Payment Date
Clawback Period
Probationary Period
Company Property
Intellectual Property Rights
Client
Prospect
Sales Pipeline
Commission Threshold
Commission Cap
Performance Review Period
Base Salary
Commission
Commission Period
Confidential Information
Customer
Effective Date
Eligible Sales
Employment Period
Gross Commission
KPIs
Net Commission
Performance Metrics
Performance Targets
Products
Quarterly Targets
Sales Territory
Services
Target Achievement
Term
Territory
Working Hours
Monthly Sales Quota
Commission Rate
Commission Payment Date
Clawback Period
Probationary Period
Company Property
Intellectual Property Rights
Client
Prospect
Sales Pipeline
Commission Threshold
Commission Cap
Performance Review Period
Clauses
Appointment and Term
Duties and Responsibilities
Commission Structure
Performance Targets
Payment Terms
Working Hours
Place of Work
Probationary Period
Statutory Benefits
Leave Entitlements
Confidentiality
Intellectual Property
Non-Competition
Non-Solicitation
Termination
Notice Period
Commission Clawback
Record Keeping
Expenses
Training and Development
Company Property
Data Protection
Compliance with Policies
Amendments
Dispute Resolution
Governing Law
Force Majeure
Severability
Entire Agreement
Assignment
CPF Contributions
Performance Review
Reporting Requirements
Territory Assignment
Commission Caps
Duties and Responsibilities
Commission Structure
Performance Targets
Payment Terms
Working Hours
Place of Work
Probationary Period
Statutory Benefits
Leave Entitlements
Confidentiality
Intellectual Property
Non-Competition
Non-Solicitation
Termination
Notice Period
Commission Clawback
Record Keeping
Expenses
Training and Development
Company Property
Data Protection
Compliance with Policies
Amendments
Dispute Resolution
Governing Law
Force Majeure
Severability
Entire Agreement
Assignment
CPF Contributions
Performance Review
Reporting Requirements
Territory Assignment
Commission Caps
Relevant Industries
Relevant Teams
Relevant Roles
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