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    Incentive Agreement

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    This incentive agreement between Nasato Food Supplement Trading and an executive outlines a compensation structure based on monthly sales targets of Meganox capsules. The executive will receive various vehicle incentives for hitting sales quotas of 50,000, 100,000, 150,000, etc capsules per month. Monthly sales reports will determine incentive payouts, and the agreement renews each month contingent on maintaining the sales target. The agreement scope is based on the executive's local area and can be terminated by either party at any time with or without notice.

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    Incentive Agreement

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    121 views2 pages
    This incentive agreement between Nasato Food Supplement Trading and an executive outlines a compensation structure based on monthly sales targets of Meganox capsules. The executive will receive various vehicle incentives for hitting sales quotas of 50,000, 100,000, 150,000, etc capsules per month. Monthly sales reports will determine incentive payouts, and the agreement renews each month contingent on maintaining the sales target. The agreement scope is based on the executive's local area and can be terminated by either party at any time with or without notice.

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    INCENTIVE AGREEMENT.docx

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    This incentive agreement between Nasato Food Supplement Trading and an executive outlines a compensation structure based on monthly sales targets of Meganox capsules. The executive will receive various vehicle incentives for hitting sales quotas of 50,000, 100,000, 150,000, etc capsules per month. Monthly sales reports will determine incentive payouts, and the agreement renews each month contingent on maintaining the sales target. The agreement scope is based on the executive's local area and can be terminated by either party at any time with or without notice.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    121 views2 pages

    Incentive Agreement

    Uploaded by

    Eg Eg
    This incentive agreement between Nasato Food Supplement Trading and an executive outlines a compensation structure based on monthly sales targets of Meganox capsules. The executive will receive various vehicle incentives for hitting sales quotas of 50,000, 100,000, 150,000, etc capsules per month. Monthly sales reports will determine incentive payouts, and the agreement renews each month contingent on maintaining the sales target. The agreement scope is based on the executive's local area and can be terminated by either party at any time with or without notice.

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    NASATO FOOD SUPPLEMENT TRADING

    P2B Sayre Highway, Panadtalan Maramag Bukidnon 8714


    088-828-4588

    October 25, 2019

    INCENTIVE AGREEMENT
    This Incentive Agreement (the “Agreement”) is by and between NASATO FOOD SUPPLEMENT
    TRADING (“Company”) and _________________________________________ (“Executive”).
    W I T N E S S E T H:

    WHEREAS, the parties hereto desire to enter into this Incentive Agreement to define and
    set forth the terms and conditions of certain compensation to be paid to Executive by Company;

    NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth
    below, it is hereby covenanted and agreed by Company and Executive as follows:

     The company shall compensate the executive if the target numbers of Meganox
    capsules sold is met. Please refer below:

    MEGANOX CAPSULES INCENTIVE COMPENSATION


    50,000 Yamaha Mio / Honda Beat
    100,000 Alto
    150,000 Celerio/Wigo/Picanto
    200,000 Xpander/Rush/Ertiga
    250,000 Hilux/Ranger/Estrada
    300,000 Montero/Everest/Terra

     The monthly sale reports will be the only basis for the incentive compensation provided
    by the Sales Agent and Account Executive. Reports will be available 5 days after the end
    of the month. Target quota must be maintained every month. Once it is below the quota
    there is a corresponding deduction for the monthly payment.

     The area of scope will be based on the locality of the Executive (e.g Municipality or City).

     This Agreement between the parties shall be an agreement that will be commencing on
    every first day of the month up until last day of the month and shall reboot monthly,
    subject to immediate termination by either party with or without notice or cause.
    IN WITNESS WHEREOF, the parties have executed this Agreement on the date written first above.

    ONNIE DON A. TORRES


    Nasato Food Supplement Trading ________________________
    PROPRIETOR Executive
    NASATO FOOD SUPPLEMENT TRADING
    P2B Sayre Highway, Panadtalan Maramag Bukidnon 8714
    088-828-4588

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