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An “override” (also sometimes called an overwrite) is a commission paid on the sales someone else makes. For example, you may have a sales person with a 5% commission (earns 5% of the sales value of whatever they sell).
A commission override is an additional sales commission or bonus given to managers based on the sales performance of their team. It serves as an incentive for managers to motivate and lead their team effectively, as they receive a percentage of the total sales made by their subordinates.
Mar 7, 2023 · An override agreement is a contract between a sales manager and a sales representative that provides that a commission be paid to the manager for sales. The contract identifies each contract party and determines what percentage of the sale each party will receive upon closing.
(of a person who has the necessary authority) to decide against or refuse to accept a previous decision, an order, a person, etc.: Every time I make a suggestion at work, my boss overrides me/it. The president used his veto to override the committee's decision. [ T ] to operate an automatic machine by hand:
Overriding commission, often referred to simply as override commission, is a type of compensation arrangement commonly used in sales organizations, particularly in multi-level marketing (MLM) or direct selling companies.
Aug 16, 2022 · When managers abuse their override powers to ignore or subvert internal control, all manner of risk and misconduct can follow. Let’s explore how such overrides can happen, and how organizations can reduce “management override risk” to protect the company’s assets, financial position, and reputation.
Sep 7, 2022 · What is a Price Override? A price override happens when you allow negotiations and flexibility to dominate your pricing structure. Basically when a sales representative overrides the official price in the system and enters a new price that is usually lower to win a deal.
uk / ˈəʊvəraɪd / us. a vote or a decision that ends or changes an earlier law or decision: The city council voted in favor of a tax override. a way of changing the control of a machine or system in special situations, especially from automatic to control by a person: The heating system has a manual override. HR.
From Longman Business Dictionary o‧ver‧ride /ˌəʊvəˈraɪdˌoʊ-/ verb (past tense overrode /-ˈrəʊd-ˈroʊd/, past participle overridden /-ˈrɪdn/) [transitive] to ignore a decision, rule, law etc made by a person or organization with less authority It has the power to override state banking laws to sell insolvent thrifts. → See ...
The amount of money given to managerial roles as a bonus from the sales achieved by their employees. An occurrence where a decision, rule, or action is negated or set aside. How to use "override" in a sentence. Despite the team's initial decision, the CEO decided to override their choice.
