AGENT'S INCENTIVES TIES TO GROSS SALES

 

The agent shall be compensated for services under this agreement, a sum equal to __________ percent of the gross sales ____________________ (In Specified Territory).  If any sales are written and considered bad debts, an appropriate adjustment to the commission will be made.  Principal will supply to the agent monthly statements of the gross sales.  The agent shall receive commission each _______________ (Date).

 

When this agreement expires, the agent shall be paid additional compensation ____________ days after expiration an amount equal to __________ percent of the average annual gross sales of principal.

 

 

 

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Signature                                                                           Date