SALES RESOLUTION ON SPECIAL INCENTIVE BONUSES
The management of [Your Company Name] hereby institutes the following resolution pertaining to the implementation of Special Incentive Bonuses for our sales department:
WHEREAS, the sales team has consistently exceeded the quarterly targets set forth at the beginning of the fiscal year 2050;
WHEREAS, the company has seen unprecedented growth in revenue directly correlated to the efforts of our dedicated sales force;
WHEREAS, it is deemed essential by the management to both recognize and reward the exemplary performance of our sales personnel to encourage sustained excellence;
BE IT THEREFORE RESOLVED, by [Your Company Name], that:
A Special Incentive Bonus program is hereby established to award financial bonuses to sales personnel who achieve and exceed specified sales targets.
The Special Incentive Bonus will be calculated as 10% of the total sales exceeding the individual's assigned quarterly targets.
This program will be effective starting from the fiscal quarter beginning April 1, 2050, and will be subject to review on a bi-annual basis.
Eligibility for the Special Incentive Bonus will be determined by the sales records kept by the company's automated sales tracking system and confirmed by the Sales Department Head.
The Special Incentive Bonus will be disbursed within 30 days following the end of each fiscal quarter.
All matters of dispute regarding the Special Incentive Bonus will be adjudicated by an impartial committee formed by members of the management and the Human Resources department.
This resolution is intended to supplement, not replace, any existing bonus structures or compensatory arrangements currently in practice within the company.
BE IT FURTHER RESOLVED, that a copy of this resolution be delivered to each sales department team member and be made available upon request to other company employees.
This resolution is passed by the consensus of the management team and is effective immediately upon the signature of the company’s authorized representative.
AUTHORIZATION:
By the authority vested in me as [Your Position] of [Your Company Name], I hereby approve the implementation of the Special Incentive Bonuses as described in this resolution.
Executed this [Execution Date].
Authorized Signature:
[Company Representative Name]
[Representative Email]
This document is strictly confidential and is intended for the use of [Your Company Name] employees only. Unauthorized distribution of this document is prohibited.
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