This policy establishes the procedures for identifying rebate payments to be made, and for calculating the appropriate payment value. Rebate payments are remitted to a customer for a trade promotion program. This policy covers both Tier 1 (Operator/Distributor) and Tier 2 (Indirect via a distributor) customers. Tier 1 customers receive either deductions (via credit memo) or payments (via check). Tier 2 customers receive payments.
According to this policy, a master listing of rebate payments to be processed must be monitored on a monthly basis. Monitoring this listing will help ensure completeness of rebate payment processing.