template

Employee Commission Plan (For Employment Contract)

by
Genie Team
Genie Team
Sep, 28 2022

When to use this template

A commission plan is a legal document that can be either incorporated into an employment contract as a schedule, or introduced into an existing employment relationship at any time. The employer has the discretion to make changes to the scheme or withdraw it at any time. The commission plan may be used in conjunction with Standard clause, Commission clauses and Standard document, Letter of invitation to participate in a commission plan.

Key issues covered in this template

  • Commission scheme
  • Commission structure
  • Determination of plan
  • Final salary deduction
  • Misconduct
  • Multiple relevant dates
  • No commission
  • Repay commission
  • Sales commission
  • Sales target
  • N/A

What to watch out for

  • The plan may be changed or withdrawn at any time by the employer

  • The plan may be used in conjunction with other commission clauses

  • The plan may be introduced at any time into an existing employment relationship

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Used by

Author

Genie Team

Genie Team

@genieteam
Genie AI

The Genie Team consists of lawyers and paralegals. Our aim is to open source the law and provide high quality, regularly reviewed legal documents.

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+1 more
Finance
18%
Technology
18%
Other
13%
Consultancy
9%
Legal Services
9%
Media
9%
Consumer, Public & Health Services
9%
Sport & Entertainment
5%
Agriculture, Forestry and Fishing
5%
Insurance
5%

Additional information

Business categories

Business activities

Contract type

Relevant sectors

Agriculture, Forestry and Fishing

Mining

Construction

Manufacturing

Transport

Energy

Wholesale

Retail

Finance

Insurance

Real Estate

Legal Services

Consumer, Public & Health Services

Education

Media

Consultancy

Technology

Public Administration

Sport & Entertainment

Other

Relevant company sizes

1 - 3

4 - 19

20 - 49

50 - 249

250 - 999

1000 +

Governing law

England and Wales

Language

English UK

Gender neutral

Yes