Product Info - Buy Commission Agreements - Investment Management: Sales Rep
Sample Investment Trading Broker CommissionPlan Template
This document describesthe agreement betweeniii______________(“Company”)andiv (“Broker”) regardingterms related to compensation.
Companyand Repenterinto this agreement wherebyBrokerprovides sales services to the
Company in return for compensation specified in this agreement.
This agreement covers the period starting from v and endson.
All commissions will be calculated and paid once every month, for the preceding month. Commissions will be calculated and paid out as part of the next payout cycle, following the month for which commissions are calculated.
viSales Rep's basesalary(if any) is specified as part ofaseparateagreement.
Targeted sales compensation for the full year is vii .The sales compensation is not capped.
Sales Rep will be paid for all travel and lodging expenses related to sales activities. Auto travel will be reimbursed at the current federal reimbursement rate viii(Currently$0.56 cents per mile).
Sales Reps will be required to maintain a cellphone as part to conducting sales business.Sales Rep will be provided an allow an ceo fix$50 per month for cellphone usage.
Client entertainment expenses will be reimbursed as following: Meals: Reimbursable with receipts.
Special Events: Mustbepre-approved. Reimbursable with receipts.
Expenseswillbereimbursedwithin 30 daysof beingpresented withthereceiptsand a completed expensereimbursement form.
Territory:Rep gets direct creditforallclients assigned to. Assignment ofclients to reps can beby Client, Sector orlocation
Sales Commission is paid to theRep based on thesale ofthe followingproductsthat the
Rep is involved in directly:
Rep getscreditforspecific clients or specificlocations within clients. Rep earns commissions onlywhenatradeis completed.
Sales credits are provided to the Rep.Incoming commission/Revenueto thefirm is calculated bymultiplying acommission rate bythe number ofshares sold.
Sales rep’s commission rate is then applied on this incomingcommission due to the Rep.
AssumingRep completesthe followingTrades in thefirst month-
# of Shares
Comm. Rate Revenue
Commissions willbecalculated as following:
INTC $5,000at 25% =$1,250
Sales Commission is paid to theRep based on thesale ofthe followingproducts that the
Rep is involved in directly: Bond Trades
Rep getscreditforspecific clients or specificlocations within clients. Repearns commissions onlywhenatradeis completed.
Sales credits are provided to the Rep.Incoming revenue to the firm is calculated by finding the difference between the buy and sell portions of the transaction
Sales rep’s commission rate is then applied on this in coming commission due to the Rep.
Assuming Rep completes the following Trades in the first month-Stock Amount Trade
GE8.75 $100,000 Buy
Commissions will be calculated as following:
GE8.75 $10,285 at 10% =$1,028.5
Thereis no cap on anypayouts to theRep.
Rep is not due any other compensation.
Termination of Agreement: On voluntary of Rep engagement with the Company, commissions will be paid on transactions dated prior to the termination date only. Any
Amountsowed to the Repwillbeaccordingto regulations after withholdingtaxes and
1.Rep agrees to follow all Federal and Local laws while engaged in providing services to the Company during the period of this agreement.
2.Rep shallrepresent theproducts of the companypositivelyand with thehighest standards.
3. Rep shallusethe most ethical practices whileengagingin anysales activity.
4.Rep agrees to protect all confidential material including prospect data, sales data, and client information belonging to the Company and shall take all reasonable care in making sure that such confidential material is not disbursed to anyone outside the company.
5. This entireagreement shallbegoverned bythelaws ofthe State of .
iAny part of this agreement can be changed oroverridd enbased onyourneeds
iiThis date will give us information as to when this agreement was written and distinguishit from similar other agreements.
iiiFill out the company name here
ivFill out the payee's full name here
vEnter the start and end date for the sales commission plan effective period. Most companies use the calendar orfiscal year start and end date for these values.Some companies may not have an end date
viAlternatively you can remove this section or phrase it such as Base salary is specified in as eparate employment agreement.
viiTargeted sales compensation for the fully ear
viiiSearch for current IRS mileage rate.
ixYou can put any amount or you may completely remove to rechange based on your needs