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The commission is based on amount collected
as that word is used following generated.
so it is the lower of receivables versus collections
it is therefore earned, when generated, but paid when collected
so if not collected, it is not part of the commission payout
Please let me know if that is clear and you are satisfied with the answer.
So by way of example:
If I sold a deal worth 10,000 and was to be paid 10%, I would earn a $1000 commission. Then if the client paid in quarterly installments, I would be paid my earned commission of $250 on their quarterly installment. Is that right?
it becomes an issue of timing only
paid on receipt
wishing you the best.
Have a nice weekend
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