Sales Resolution to Address Incentive Plan Feedback
In a meeting of the Board of Directors of [Your Company Name] held on [Month Day, Year], the following resolution was unanimously adopted:
WHEREAS, the feedback from the sales team members on the existing incentive plan has been evaluated by the management team;
WHEREAS, the need for reviewing and adjusting the sales incentive plan aligns with [Your Company Name]'s commitment to continuous improvement and remaining a competitive employer in the market;
WHEREAS, the intent is to ensure equal distribution opportunities, foster a sense of fair play, encourage teamwork, boost morale, and ultimately increase sales turnover for [Your Company Name];
NOW, THEREFORE, BE IT RESOLVED, that the Board of Directors authorizes the formation of an Incentive Plan Review Committee whose sole responsibility will be to discuss, analyze, and restructure the existing sales incentive plan based on the feedback received. This Committee will comprise of representatives from the Board, Management, and Sales Team to provide diverse perspectives.
BE IT FURTHER RESOLVED, that the Committee is to present a new incentive plan no later than [Month Day, Year] for board approval. The plan shall incorporate the feedback and recommendations from the sales team, ensuring it drives motivation, aligns with company objectives, and leads to increased sales performance.
BE IT FURTHER RESOLVED, that once approved, the revised incentive plan shall be communicated within seven (7) days to all affected parties in a clear and comprehensible manner. Any necessary training shall be provided to ensure successful implementation.
Adopted this [Day] day of [Month], [Year].
[Signature]
[Name of Secretary]
Secretary of the Board
[Signature]
[Name of Chairman]
Chairman of the Board
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