Kevin Geary

Closer Compensation Overview

How You Get Paid
💰

Base Salary

Guaranteed monthly pay regardless of deal volume

$5,000/mo
🎯

Personal Commission

14% on every deal you close (avg $6K deal)

$840/deal
👥

Team Sales Override

0.5% of total team sales volume each month

$2.4K-$9K/mo
How the 0.5% Override Works
Year 1 0.5% × $480K/mo team sales = $2,400/mo
Year 2 0.5% × $900K/mo team sales = $4,500/mo
Year 3-5 0.5% × $1.8M/mo team sales = $9,000/mo
Year 1 Monthly Snapshot (18 deals/mo)
Monthly Cash
$25,520
Base + Commission + Override + Bonus
Annual Cash
$306,240
Year 1 total compensation
vs. Old Manager Pay
+$14,354
More per month than before
Annual Cash Compensation by Year
Base ($60K)
Commission
Team Override
Bonus
5-Year Cash Compensation
Equity Compensation
$100,000 equity grant at $20M valuation = 50,000 shares (0.50% ownership)
12-month cliff, 36-month vest
Grant Value (Today)
$100,000
➔
Value at $100M (Year 2)
$500,000
5x paper return on valuation mark-up alone
Series A Mark
$100M Valuation
$500K
Paper value
Bear Exit
$250M Valuation
$1.22M
0.50% of proceeds
Base Exit
$500M Valuation
$2.44M
0.50% of proceeds
Bull Exit
$1B Valuation
$4.88M
0.50% of proceeds

Total 5-Year Compensation (Base Exit Scenario)

Cash (5 Years)
$2.04M
Salary + Commission + Override + Bonus
Equity (Base Exit)
$2.44M
0.50% at $500M exit
Total
$4.48M
Combined 5-year value
The financial projections illustrated above are for illustrative purposes only and do not constitute a guarantee of future compensation. Actual outcomes depend on company performance, individual performance, equity vesting, and final terms in the formal employment agreement.