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Commission Based Employment Agreement
"I need a Commission Based Employment Agreement for a senior real estate sales executive in Manila, with a tiered commission structure starting from 3% for properties under 5M PHP to 7% for luxury properties over 20M PHP, including quarterly performance bonuses and team override commissions, starting March 2025."
1. Parties: Identification of the employer and employee, including complete 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', 'Targets', and other relevant terminology
4. Appointment and Term: Nature of employment, position title, and duration (if fixed-term)
5. Duties and Responsibilities: Detailed description of the employee's role, reporting structure, and performance expectations
6. Commission Structure: Basic framework of commission calculation, payment periods, and conditions for earning commission
7. Base Salary and Benefits: Any fixed compensation component and mandatory benefits under Philippine law
8. Working Hours and Location: Expected working schedule, flexibility provisions, and primary work location
9. Statutory Benefits: SSS, PhilHealth, Pag-IBIG, and other mandatory benefits under Philippine law
10. Confidentiality: Protection of company information and trade secrets
11. Non-Competition and Non-Solicitation: Restrictions on competitive activities during and after employment
12. Termination: Grounds for termination, notice periods, and consequences
13. Governing Law: Specification of Philippine law as governing law and jurisdiction
14. General Provisions: Standard clauses including amendments, severability, and entire agreement
1. Probationary Period: Include when the position is subject to an initial probationary period of up to 6 months
2. Training and Development: Include when specific training requirements or professional development opportunities are provided
3. Company Property: Include when employee is provided with significant company assets or equipment
4. Remote Work Provisions: Include when role allows for remote working arrangements
5. Intellectual Property: Include when employee may create IP in course of employment
6. Travel Requirements: Include when position requires regular travel and expense reimbursement
7. Team Management: Include when employee has supervisory responsibilities
8. Data Protection: Include when role involves handling personal or sensitive data
1. Schedule A - Commission Rates and Calculations: Detailed breakdown of commission percentages, tiers, and calculation methodologies
2. Schedule B - Sales Targets and Quotas: Specific performance targets and minimum requirements for commission eligibility
3. Schedule C - Territory or Account Assignments: Defined sales territory or allocated customer accounts
4. Schedule D - Benefit Details: Detailed description of additional benefits and their computation
5. Schedule E - KPIs and Performance Metrics: Specific performance indicators used for evaluation
6. Appendix 1 - Commission Payment Examples: Sample calculations showing how commission is computed in various scenarios
7. Appendix 2 - Expense Policy: Guidelines for business expense claims and reimbursement procedures
Authors
Real Estate
Insurance
Retail
Financial Services
Telecommunications
Automotive
Technology Sales
Pharmaceutical Sales
Advertising and Media
Travel and Tourism
Direct Sales
Professional Services
Manufacturing (Sales Division)
Consumer Goods
Business Services
Sales
Business Development
Commercial
Retail Operations
Channel Management
Account Management
Marketing
Customer Success
Revenue Operations
Business Operations
Human Resources
Legal
Finance
Sales Representative
Business Development Manager
Real Estate Agent
Insurance Agent
Account Executive
Sales Manager
Commission-based Consultant
Territory Manager
Channel Sales Manager
Retail Sales Associate
Leasing Consultant
Sales Director
Business Development Executive
Commercial Sales Representative
Marketing Consultant
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