JOHNSON INDUSTRIES

SPECIAL TERMS REQUEST

Requestor: _________________________________ Date: ___________________
Customer Name: ____________________________ Date: ___________________
Requested Terms: (check one or detail other)
30/60
30/60/90
60
90

Days
Days
Days
Days

____
____
____
____

(two equal payments)

(three equal payments)
(no payment for 2 months, balance due) Due Date: _______
(no payment for 3 months, balance due) Due Date: _______

Other:

Invoice # ___________
Invoice # ___________
Invoice # ___________
Invoice # ___________

Invoice Amt: $_______________

Invoice Amt: $_______________
Invoice Amt: $_______________
Invoice Amt: $_______________

Invoice Date: __________

Invoice Date: __________
Invoice Date: __________
Invoice Date: __________

Date Balance Must be Paid In Full _________________________________________

Approved by: (Sales Mgr.) ________________________________________________
Approved by: (Credit Mgr.) _______________________________________________
P0LICY ON SPECIAL TERMS
Special Terms = Any terms of sales other than net 15th or net 10th
All special terms must be submitted and approved by both the Sales and Credit Manager in writing. A special
terms form must be completed including signatures of both Managers. The terms must also be stated on the
invoice as well as the Special Terms Request form.
Special Terms on sales greater than $10,000.00 commission will carry the same terms.
Failure to get authorization in advance from the Sales and Credit Manager in writing will result in the following
penalty: .05% per month of the outstanding balance reduction in commission for any unapproved terms.
Example: 90 day terms on $100,000.00 extended to our customer without authorization. Since this is 60 days
beyond the normal credit terms, the salesperson would be charged 60 days/30 days * 0.5% = 1.0% of the
outstanding balance or $1,000.00.
Note that this example would also apply to a situation in which the dollar amount of credit extended is beyond
our standard credit limits.
In the event that the salesperson fails to get advance authorization on non-standard credit terms and that sale
becomes uncollectible, the salespersons participation in the amount written off will be twice the normal amount.

ALL QUESTIONS /CONCERNS REGARDING THIS POLICY SHOULD BE

DIRECTED TO YOUR MANAGER.