Commission/ Incentive Calculator
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File description
*INCENTIVE POLICY* :
> When employee hits its 50% of sales goal, then employee become eligible for 5% commission.
> When employee hits its 100% of sales goal, then employee become eligible for 10% on the balance 50%.
> Anything over and above the annual sales goal makes the employee eligible for 15% commission on additional revenue.
*CONDITIONS* :
·  Collection within 30 days of due date with a 14 day grace period will be calculated @ 100% of incentive calculation.
·  Collection beyond 45-59 days of due date will be calculated @ 50% of incentive calculation.
· Collection within 60 to 89 days of due date will be calculated @ 25% of incentive calculation.
·  Collection beyond 90 days of due date will not be considered for incentives.
·  All incentives to be paid only after 100% collection.
·  Commissions are paid quarterly.
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