Plan communication templates

Please enjoy these templates, compliments of The Cygnal Group. Remember that we are not lawyers and cannot give legal counsel. Prepare your plan documentation including all relevant sections, then submit it to review by legal counsel in each applicable jurisdiction....

What is the Difference Between a Commission and a Bonus?

The difference is that the “commission” is communicated as a “piece of the action,” whereas a “bonus” is a fixed incentive amount offered for achieving a specific objective. Commissions and bonuses both have their place in sales compensation plans – but knowing when to use which one can be a bit tricky.