- 2.1. Hofy shall make a Commission Payment to the Referrer for any Eligible Referrals which satisfy the Payment Conditions.
- 2.2. The Payment Conditions are:
- 2.3. The Eligible Referral must submit an order to Hofy for equipment and services within two months of the Eligible Referral being successfully submitted according to clause 1.2.1; and
- 2.4. The Eligible Referral must pay Hofy’s first invoice in accordance with the terms of the applicable purchase order; and
- 2.5. The Eligible Referral must comply with Hofy’s terms and conditions of service.
- 2.6. Hofy will notify a Referrer if an Eligible Referral becomes eligible for a Commission Payment.
- 2.7. Calculation of Commission: Hofy shall pay an amount to Referrer in consideration for one Qualified Referral (according to section 2.4) according to the criteria below (a “Commission”). The Commission amount is calculated as of the day the Qualified Referral signs its first purchase order. The Commission shall equal:
- • £200.00
- ◦ For Eligible Referrals with 1 - 100 employees;
- ◦ Where the Eligible Referral submits an order for goods and services of at least £10,000 within the first three months of their contract, including access to any Hofy SAAS tier.
- • £350.00
- ◦ For Eligible Referrals with 101 - 500 employees;
- ◦ Where the Eligible Referral submits an order for goods and services of at least £25,000 within the first three months of their contract, including access to any Hofy SAAS tier.
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- • £500.00
- ◦ For Eligible Referrals with 500+ employees;
- ◦ Where the Eligible Referral submits an order for goods and services of at least £40,000 within the first three months of their contract, including access to any Hofy SAAS tier.
The applicable commission shall represent the Referrer’s sole remuneration for their activities under these Terms.