1. Purpose

The purpose of this policy is to establish clear guidelines for compensating non-employees who refer new clients or business opportunities to SlashTime Solutions Inc. This policy ensures transparency, fairness, and mutual benefit for both the referrer and the company.

2. Eligibility

  • Who Can Participate: This policy applies to non-employees, including but not limited to:
    • Freelancers
    • Business partners
    • Vendors
    • Clients
    • Industry peers
    • External consultants
  • Exclusions: Employees of SlashTime Solutions Inc. are not eligible for this program and are subject to the company’s internal employee referral policy.

3. Referral Commission Structure

  • Commission Rate: Referrers will receive a commission of 10% of the total contract value for successfully referred projects or clients.
    • For recurring revenue contracts (e.g., SaaS, maintenance, or subscription-based services), the commission will be 10% of the first year’s revenue.
  • Minimum Deal Size: Referrals must result in a contract with a minimum value of $5,000 to qualify for a commission.
  • Payment Terms: Commissions will be paid within 30 days of the client’s payment to SlashTime Solutions Inc.

4. Referral Process

  1. Referral Submission:
    • Referrers must submit referrals via the official referral form on SlashTime Solutions Inc.’s website or by emailing referrals@slashtime.com.
    • The referral must include the prospect’s name, company, contact information, and a brief description of the potential opportunity.
  2. Verification:
    • SlashTime Solutions Inc. will verify the referral and ensure the prospect is not already in the company’s sales pipeline.
  3. Engagement:
    • The SlashTime sales team will engage with the referred prospect and manage the sales process.
  4. Qualification:
    • A referral will be considered successful if:
      • The prospect signs a contract with SlashTime Solutions Inc.
      • The contract value meets the minimum threshold of $5,000.
      • The referred client makes the first payment.

5. Exclusions

Referrals will not qualify for a commission if:

  • The prospect is already in SlashTime Solutions Inc.’s sales pipeline.
  • The referrer has a conflict of interest (e.g., is a competitor or vendor).
  • The referral does not result in a signed contract or payment.

6. Confidentiality

  • Referrers must maintain the confidentiality of all information shared by SlashTime Solutions Inc. and the referred prospect.
  • Referrers are prohibited from using referral opportunities for personal gain beyond the agreed commission.

7. Disputes

  • In the event of a dispute regarding a referral, SlashTime Solutions Inc. will review the case and make a final decision.
  • The company reserves the right to modify or terminate the referral program at any time.

8. Amendments

  • SlashTime Solutions Inc. reserves the right to amend this policy at any time. Referrers will be notified of any changes.

Acknowledgment

By participating in the SlashTime Solutions Inc. Referral Program, referrers agree to the terms and conditions outlined in this policy.

This policy ensures clarity and professionalism while incentivizing non-employees to refer high-quality leads to SlashTime Solutions Inc. You can customize it further to align with your company’s specific needs and goals.