This plan has been created to incentivize key members of American Medical Imaging (AMI) sales management team to achieve profitable growth and the retention of customers. One of the primary purposes of our organization is to create long and continuous relationships with our clients that are sustained by all levels of the organization through the delivery of excellent customer service. The sales management team members will work closely with our operations and national leadership team members to ensure that the needs of our clients are met on a continuous basis. Compensation is directed at ensuring the growth and sustainment of these relationships and our business.

Goals: The goal of this plan is to create a structure that enables the Account Executive to be compensated for growing business in a profitable way. In developing sales, the Account Executive is required to act as a business manager in analyzing the needs of our customers. The Account Executive will work within the team structure in coordinating operational and administrative efficiencies necessary to meet these needs and deliver customer satisfaction.

The successful Account Executive will accomplish the following goals under this plan:

? Develop new business development opportunities to increase sales volume

? Sell services wherever they are used in order to maintain Gross Profit

? Work with the team to provide the highest level of customer satisfaction

? Completely understand all costs associated with a job for accurate quoting

? Be a leader in organizational accountability

SALARY: AMI will provide the Account Executive with a salary, as outlined in your offer letter, payable bi-weekly. This salary will not be recovered for any reason.

Account Executive

2022/2023 Commission Plan

This plan has been created to incentivize key members of American Medical Imaging (AMI) sales management team to achieve profitable growth and the retention of customers. One of the primary purposes of our organization is to create long and continuous relationships with our clients that are sustained by all levels of the organization through the delivery of excellent customer service. The sales management team members will work closely with our operations and national leadership team members to ensure that the needs of our clients are met on a continuous basis. Compensation is directed at ensuring the growth and sustainment of these relationships and our business.

The following are the specific elements of your commission plan:

Effective Date: July 1st, 2022 – June 30th, 2023

Eligibility: The Account Executive is eligible under the following compensation plan during employment with the company. The company reserves the right to modify, restructure, change or eliminate this plan at any time.

Purpose: The purpose of this plan is to compensate our leading sales force and develop their role in being an integral and driving force in the achievement of sales and company goals.

Goals: The goal of this plan is to create a structure that enables the Account Executive to be compensated for growing business in a profitable way. In developing sales, the Account Executive is required to act as a business manager in analyzing the needs of our customers. The Account Executive will work within the team structure in coordinating operational and administrative efficiencies necessary to meet these needs and deliver customer satisfaction.

The successful Account Executive will accomplish the following goals under this plan:

• Develop new business development opportunities to increase sales volume
• Sell services wherever they are used in order to maintain Gross Profit
• Work with the team to provide the highest level of customer satisfaction
• Completely understand all costs associated with a job for accurate quoting
• Be a leader in organizational accountability

SALARY: AMI will provide the Account Executive with a salary, as outlined in your offer letter, payable bi-weekly. Annual salary is non-recoverable.

COMMISSION PLAN: At the discretion of AMI’s Executive Management team, this Commission plan will be amended/approved each year no later than 30 days of new Fiscal year start date.

EARNED COMMISSION: Should the eligible Account Executive exceed the minimum metrics outlined below, commissions can be earned based on equipment sales and/or executed contracts for new or renewed service. All commissions will be earned and calculated based on (A) a fully executed service agreement, (B) receipt of monthly payments from the new client for the services provided, and (C) all other earning criteria identified below. See the sections below for detailed commission types, earning criteria, and levels.

COMMISSION PAYOUT SCHEDULE: Total commissions earned are paid monthly following the close of each month. A commission pay schedule will be provided at the beginning of the fiscal year. (July 1st – June 30th)

EQUIPMENT SALES

Commission is based on gross profit margin, less install expenses. (No deduction is made for installation labor or travel.)

REVENUE LESS THAN TWO MILLION: Driving profitable revenue growth is critical to AMI’scurrent strategic goals. Thus, the commission earned for any sale made by the Account Executive will be 13.0% of the Gross Profit Margin.

REVENUE OVER TWO MILLION: Any commission earned for any sale made by the Account Manager will be 15.0% of the total Gross Profit.

EQUIPMENT SALES EXAMPLE:

Sales Revenue: $1,000,000 – 1,999,999

Commission Percent: 13%

Commission Earned at typical 40% GP:$52,000 to $103,999.95

Sales Revenue: $2,000,000+

Commission Percent: 15%

Commission Earned at typical 40% GP:$120,000 up

SERVICE CONTRACT SALES

All qualifying service contract sales are earned where there is a minimum Gross Profit Margin (GPM) of 30% or more.

NEW AND RENEWAL SERVICE CONTRACTS: Driving profitable revenue growth is criticalto AMI’s current strategic goals. Thus, the commission earned for any new or renewal service contact made by the Account Manager will be included in the total sales equipment sales amount and commissioned along with the same tiered rate as the equipment sales.

ACCESSORY - CONSUMABLE SALES

Ex:

Sales Revenue: $50,000

Commission Percent: 20%

Commission Earned at typical 30% GP: $3,000

EMPLOYEE REIMBURSED BUSINESS EXPENSES: AMI will reimburse you for your business expenses, per current expense reimbursement policy. This includes, but is not limited to: internet service, non-vehicle travel expenses, client entertainment, etc. Extraordinary expenses must be approved in advance by the CCO. AMI will issue and provide a company car or car allowance program, cell phone and laptop computer. Reimbursement will be paid upon receipt of an expense report and receipts for the prior month’s expenses.

DISPUTES AND QUESTIONS: All disputes will be decided by the CCO. Any Account Executive who is not satisfied with the decision of the CCO may appeal the dispute to the Chief Operating Officer of The Innovation Institute, whose decision will be final. Each case will be reviewed on its own merits and no decision rendered will be precedent setting.

SEPARATION FROM AMI: Part of the Account Executive’s duties include ongoing customer service and maintenance of sales accounts. This requires regular weekly and monthly efforts. Commissions will be paid to the Account Executive on all jobs which are “invoiced and paid”, pursuant to the schedule below:

Within 30 days of termination: 100%

30-60 days of termination: 50%

61-90 days of termination: 25%

The percentage of commission earned over time declines, in light of the fact that others must be relied upon to provide customer service and maintain the sales accounts. Unless the employee makes other arrangements in writing in advance, any payments to the employee will be sent by regular U.S. mail to the employee's last known address on file with AMI.

EXECUTION: I have received this agreement and understand the components of my commission plan. I understand that I should bring any questions regarding the plan and its application to the President of AMI, or to the Chief Operating Officer of The Innovation Institute.