Commission Clauses

1 Commission on Net Profits

1.1 You will be entitled to a commission of an amount equal to enter percentage% of the Net Profits of the Employer OR Group [in excess of the Profit Threshold] in each financial period of the OR Employer OR Group during your employment under this Agreement.

1.2 Any payment of commission for any financial period will be:

  • 1.2.1 conditional upon the receipt by the Employer of the auditors' report on the Net Profits of the Employer OR each company for the time being in the Group, which report will, except in the case of manifest error, be conclusive and binding on both you and the Employer;

  • 1.2.2 made to you within specify period after the date of receipt of the auditors' report.