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1. Parties: Identification of 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 agreement, including 'Commission', 'Sales', 'Territory', etc.
4. Employment Terms: Basic terms of employment, including position, duties, and at-will status
5. Commission Structure: Detailed explanation of commission calculations, rates, and payment terms
6. Payment Terms: Timeline and method of commission payments, including any draws against commission
7. Termination: Conditions for termination and treatment of commissions upon termination
1. Non-Compete: Restrictions on post-employment competition, typically used when protecting business interests in competitive industries
2. Confidentiality: Protection of company's confidential information, used when employee will have access to sensitive information
3. Benefits: Additional benefits beyond commission structure, included when offering health insurance, retirement plans, etc.
4. Expenses: Terms for reimbursement of business expenses, included when employee will incur business-related expenses
1. Commission Rate Schedule: Detailed breakdown of commission rates and tiers
2. Sales Territory Map: Geographic definition of sales territory if applicable
3. Product List: List of products/services eligible for commission
4. Commission Calculation Examples: Sample calculations showing how commissions will be computed
5. Performance Metrics: Specific targets and performance expectations
Base Salary
Commission
Commission Period
Commissionable Sale
Confidential Information
Draw
Earned Commission
Effective Date
Employment Term
Net Sales
Performance Targets
Products
Qualified Sale
Sales Territory
Services
Target Commission
Term
Territory
Working Hours
Quota
Revenue Recognition
Sales Cycle
Commission Rate
Clawback Period
Payment Date
Commission Structure
Intellectual Property
Trade Secrets
Customer
Commission Structure
Payment Terms
Duties and Responsibilities
Performance Targets
Territory Assignment
Work Schedule
Commission Calculation
Payment Timing
Draw Against Commission
Clawback Provisions
Benefits
Expenses
Confidentiality
Non-Compete
Non-Solicitation
Intellectual Property
Record Keeping
Reporting Requirements
Training
Termination
Post-Termination Payments
Dispute Resolution
Amendment
Assignment
Governing Law
Severability
Entire Agreement
Notice
Force Majeure
Indemnification
Data Protection
Compliance with Laws
Return of Company Property
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