An Employment Agreement — Commission for New Business is an agreement between an employer and an employee outlining the terms of the employee’s commission for any new business they bring in. This agreement typically states that the employee will be paid a certain percentage of the total amount of revenue generated from each new business they bring in. It also outlines the circumstances under which the commission is payable, such as if the sale is completed within a certain timeframe or if the customer remains a paying customer for a specific period of time. Types of Employment Agreement — Commission for New Business include: 1. Flat Fee Commission: This type of commission is a fixed amount paid to the employee regardless of the amount of revenue generated from the new business. 2. Tiered Commission: This type of commission is based on the amount of revenue generated from a new business and increases the higher the revenue is. 3. Performance-Based Commission: This type of commission is based on the performance of the employee in generating new business and may include bonuses or other incentives.