Death of Employee - Handling Commissions
One of our salesmen passed last week and we are working through finalizing his pay. Our salesmen earn commissions based on when payments are made by customers, rather than when business is booked. The question now becomes, do we continue to pay commissions to his beneficiary on accounts that he booked before his death for which future payments are expected or do we consider what has been earned up to this point as the final payout? What is the cutoff of payment in this circumstance? This is a first for our company and so this will set precedent for the future.