Sales Incentive Plan

Purpose: This document outlines the performance-based incentive plan designed to motivate and reward the sales team for meeting and exceeding sales targets. It includes eligibility criteria, performance metrics, and payout structure to ensure a transparent and achievable incentive model.

Employee Information

Name: {employeeName}
Employee ID: {employeeId}
Department: {department}
Manager: {managerName}

Plan Duration

This Sales Incentive Plan is applicable for the following period:
Start Date: {startDate}
End Date: {endDate}

Eligibility Criteria

• Must be an active full-time employee during the plan period.
• Must not be under any performance improvement plan during the period.
• Compliant with all company policies and code of conduct.

Performance Metrics

The following metrics will be used to evaluate performance:

{#metrics}

• {metricName}: {metricDescription}

{/metrics}

Incentive Structure

Incentives will be awarded based on achieving specific sales targets as shown below:

Payment Terms

Bonuses will be paid out in the second payroll of the month following the end of the quarter, provided performance validation is complete and approved.

Adjustments and Exceptions

{#hasAdjustments} In certain cases, adjustments may be made to accommodate unique situations. Below are approved modifications:

• {adjustmentDescription}

Sign-Off

Employee acknowledges that they have read and understood the terms of this incentive plan.

Employee Signature: _______________________
Date: {signatureDate}

Manager Signature: _______________________
Date: {managerSignatureDate}