86-0528 Fetty qc- osa$
AMENDMENT TO
GOLF PROFESSIONAL
LETTER OF UNDERSTANDING
The compensation section of this Letter shall be amended as follows:
b) Eight percent (8%) gross of power golf carts. Receipts payable
as provided under item (d) of this section.
c) Ten percent (10%) net of golf merchandise and concession (food
and beverage) receipts. In determining net receipts, expenditures
shall include item costs, delivery charges, publicity and promotion
costs, directly made for these items and water ball recovery. Re-
ceipts payable as provided under item (d) of this section.
d) Payment of all eligible commissions will be on an advance system.
An amount as determined by the Finance Department not to exceed
seventy-five percent (75%) of the 1985 commissions will be equally
distributed and paid bi-weekly along with the per annum base rate.
Any balance due will be determined following an annual audit pay-
able on the bi-weekly distribution after January 31st.
e) Former item d) re-lettered.
f) Former item e) re-lettered.
EXECUTED this dg TY- day of 7 , in the 1986.
Attest: Fo the City:
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Attest: Golf Professional : Ap