Commission

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Definition of "Commission"

Commission is a type of compensation typically given to salespeople. Commission involves paying an employee a percentage of the revenue earned from a sale that the employee has made. For example, if a salesperson earns a 10% commission on sales he or she makes, he or she will be paid $10 for making a $100 sale. Commission can be an employee’s sole form of compensation, or it may be combined with a salary or hourly wage.

"Commission" is referred to in the following legal documents:

Employment Offer Letter

Employment Agreement

See also:

Compensation