yes i signed a new contract which confirmed a lower salary and new commision rates etc. this said that i would receive 1,000pm for 6 months and then my new sales commision would over ride the guarantee. the thing is every year i have worked here i have made a substantial profit for the business and even i i walk away now i would have made them circa 30,000 in the first 6 months and will be leaving a 40,000 pipeline behind me, i just cant run the risk of them taking me to court for 6k..
the contract had a 1 line statement saying that if i left the company within 12 months then the gaurantee would be repayable, and was no more specific then that. i understand they could probably withhold my final pay cheque once i hand my notice in but i simply cannot afford to pay the full 6,000.
with effect from january 2014 untill 30 june 2014 you will be eligible to receive an initial funding payment to top up your personal commision earnings so that you will not be paid less than £916.67 per month. if your personal commision exceed this figure then you will be paid the personal commision without any initial fuding. following this period you will be paid in line with the 2014 mortgage consultant remuneration structure.
should you leave countrywide principle services with 12 months of receipt of the final initial funding you will be liable to reimburse the full value of all initial funding paid to you by the company. Should the above become applicable, reimbursement will in the first instance recoverable from any salary payment due to you. Any balance to be paid to the company within 30 days of leaving the company. By signing this document you are providing your agreement for such a sum to be deducted from your salary payment, should this clause be applicable.
the above is verbatum from the contract.
3 of the 6 months i earned personal commision so the value of the guarantee was reduced.
i have checked my paylips from feb to july and they only paid £2206. am i safe to assume now that as my last months wage will be more than this amount then they dont have a leg to stand on in terms of asking for full amount of gurantee to be repaid as i never actually received that much anyway ?