7.

Salary, Incentives and Commission Structure

7.1 Salary Structure

Component Details Amount Frequency Conditions/Notes

Base Salary Fixed monthly salary Rs.30000 Monthly Paid at the end of each
month
Training Compensation during Rs.15000 Monthly Applicable for the first
Period training period 2 months
Stipend
Other Travel and Own Monthly For business-related
Allowances communication travel and
allowance communication
expenses
Deductions TDS, PF, Tax, social Varies Monthly As per local laws and
security, etc. regulations
Early Repayment of Up to Rs. One-time Applies if employment
Termination training/recruitment 100% of CTC is terminated before 1
Fee costs year

Notes:

 Exact deduction amounts will vary based on local tax laws and other regulations.
7.2 Incentive and Commission Structure

a) Incentive and Commission Structure –

ASM Name- ___________________ Area _________ For the month – July 2024

Issuance date – 27.6.2024 Effective from – 01.07.2024

S Product Type Price Commissio Commissio 0-7 Days 7-15 Days 15-30 Additional
N Range/ n per Unit n per Unit New New Days New Incentive
unit Sold (New Sold Customer Customer Customer for Meeting
(Rs.) Customer) (Existing s Target s Target s Target Target
Customer)

1 Diesel 33,000 4% 2% 1 3 4 Rs. 10,000

Tracking GPS

2 Child and 6,000 4% 2% 2 3 5 Rs. 3,000

Employee
Tracking
3 Bike Tracking 6,000 4% 2% 2 3 5 Rs. 3,000

4 Car Tracking 6,000 4% 2% 2 3 5 Rs. 3,000

5 Multipurpose 6,000 4% 2% 2 3 5 Rs. 3,000

GPS

6 Asset Tracker 8,000 - 4% 2% 2 3 5 Rs. 3,000

12,000
7 GPS Locks 12,000 - 4% 2% 2 3 5 Rs. 3,000
20,000

8 AIS 140 GPS 12,000 - 4% 2% 2 3 5 Rs. 1,000

Tracker 15,000

9 4G SIM-based 5,000 - 4% 2% 2 3 5 Rs. 1,000

CCTV 9,000
Camera
10 Dash Board 10,000 - 4% 2% 2 3 5 Rs. 1,000
Camera with 15,000
ADAS
11 Dash Board 12,000 - 4% 2% 2 3 5 Rs. 1,000
Camera with 18,000
ADAS and
GPS
b) Incentive Structure issuance and revisions: Company reserves the right to share, revise
separate documents for mentioning incentive scheme details which may contain but not
limited to Product and services price list, Sales Targets, Incentive Schemes, Commissions,
Bonuses, Penalties, Individual Targets, Team Targets (Team of salesman under ASM) etc.
or as per the structure deemed fit to the company to the ASM and ASM agrees to accept
the same.
c) Verification of Sales:
a. All sales must be documented with valid invoices and customer details.
b. New customer acquisitions must include verifiable contact information (phone
number, email, address) and a signed purchase agreement.
d) New Customer Definition:
a. A new customer is defined as an individual or business that has not made a
purchase from the company in the past 12 months.
b. Repeat customers who place orders within 12 months of their last purchase will
be considered as existing customers.
e) Commission Payment:
a. Commissions will be paid out monthly after verification of sales.
b. Payments will be withheld or adjusted for any returned or cancelled orders.
c. If a sale is found to be fraudulent or fabricated, the commission will be revoked,
and disciplinary action may be taken.
f) Target Achievement:
a. New customer acquisition targets must be met to qualify for the additional
incentive.
b. If the target is not met, the additional incentive will not be paid.
c. Sales from existing customers cannot be counted towards new customer
acquisition targets.
g) Conflict of Interest:
a. Employees must disclose any personal relationships with customers.
b. Sales to family members or friends will be scrutinized for authenticity and may
not qualify for commission.
h) Ethical Conduct:
a. Employees are expected to adhere to the company’s code of conduct and ethical
guidelines.
b. Any attempt to manipulate the incentive structure, such as creating fake accounts
or processing fictitious sales, will result in immediate termination.
i) Audit and Review:
a. The company reserves the right to audit sales records and customer data to ensure
compliance.
b. Regular audits will be conducted to identify and prevent any potential misuse.
j) Dispute Resolution:
a. Any disputes regarding commission payments must be raised within 30 days of
the payment date.
b. Disputes will be reviewed by the sales management team, and their decision will
be final.
k) Policy Changes:
 a. The company reserves the right to modify the incentive structure and terms and
conditions with prior notice.
b. Any changes will be communicated to employees in advance.
l) Training and Awareness:
a. Employees will receive training on the incentive structure and terms and
conditions.
b. Regular refreshers and updates will be provided to ensure understanding and
compliance.
m) Rollover Mechanism: If the target for any period is not met, the missed target will be
rolled over to subsequent 4 months or as deemed fit by the company. Company reserves
the right to change Roll over mechanism as and when deem fit.
n) Employment Termination or Transfer - Terms and Conditions for Non-Payment of
Commission from Existing Customers Upon Termination or Transfer- to prevent misuse
and ensure clarity regarding the non-payment of commission from existing customers in
the event of employment termination or area transfer, the following terms and conditions
are established:

 Commission Eligibility:
o Commissions are earned based on active engagement and ongoing
relationships with customers.
o Employees must be actively employed and servicing their designated area to
be eligible for commission payments from existing customers.
 Termination of Employment:
o Upon termination of employment, whether voluntary or involuntary, the
employee will forfeit any pending commissions from existing customers.
o Final commission payments will only include commissions for sales
completed and verified prior to the termination date.
 Area Transfer:
o If an employee is transferred to a different sales area, they will not be entitled
to commissions from existing customers in their previous area.
o Commission entitlements will transfer to the new area, and the employee will
start earning commissions based on new sales in the new designated area.
 Commission Payout:
o Commissions will be calculated and paid based on sales verified up to the last
working day in the designated area or employment.
o Any sales or customer engagements completed after the transfer or
termination date will not qualify for commission payments.
 Verification of Sales:
o All sales must be documented with valid invoices and customer details.
o Commissions will be paid out only after thorough verification of sales to
ensure they were completed prior to termination or transfer.
 Dispute Resolution:
o Any disputes regarding commission payments must be raised within 30 days
of the final payout.
o Disputes will be reviewed by the sales management team, and their decision
will be final.
  Non-Transferable Commissions:
o Commissions are non-transferable and linked to the employee’s active service
and area designation.
o Any attempt to claim commissions after termination or transfer will be
considered a breach of policy and may result in legal action.
 Confidentiality and Ethical Conduct:
o Employees are expected to adhere to the company’s code of conduct and
confidentiality agreements.
o Any misuse or manipulation of the commission structure will result in
disciplinary action, including immediate termination.

o) Incentive and Commission Structure Validity - This structure will be applicable for
subsequent months with suo moto target revisions as per target roll over policy agreed upon by
the employee until a revised structure is issued by the company.