I am aiming to resign, but still receive Sales Commission payments for sales deals closed. I believe this is the case but would like an opinion. My employment contract states:
"Except as required by applicable law, where a Participant’s employment with the Company is terminated for any reason, the Company will only pay Plan Payments that are attributable to Earned fees for Transactions that closed prior to the effective date of employment termination. As an exception to this rule, the Company will make Commission Payments for Transactions that the Participant closed prior to their termination date, even if the Quota Credit-eligible fees were not collected prior to the termination date as long as the Company has collected the corresponding fees from the Customer within 90 days of the Participant’s termination date. In all other cases, no Plan payments will be Earned or paid if the underlying Transaction did not close or the other requirements for Earning such Payments were not satisfied prior to the termination of employment"
A "Transaction" is easily defined in this case. And "Earned" is too. I'm confident that the deals closing are "Earned".
Thanks
"Except as required by applicable law, where a Participant’s employment with the Company is terminated for any reason, the Company will only pay Plan Payments that are attributable to Earned fees for Transactions that closed prior to the effective date of employment termination. As an exception to this rule, the Company will make Commission Payments for Transactions that the Participant closed prior to their termination date, even if the Quota Credit-eligible fees were not collected prior to the termination date as long as the Company has collected the corresponding fees from the Customer within 90 days of the Participant’s termination date. In all other cases, no Plan payments will be Earned or paid if the underlying Transaction did not close or the other requirements for Earning such Payments were not satisfied prior to the termination of employment"
A "Transaction" is easily defined in this case. And "Earned" is too. I'm confident that the deals closing are "Earned".
Thanks