Common use of Inactive Clause in Contracts

Inactive. An Account status resulting when 200 points in PRV is not achieved during a single month. Inactivity, or being Inactive for three consecutive months, results in an Account Cancellation. Inventory on Hand Your supply of authentic Scentsy products that you previously ordered, physically stored or have in your possession. Level Each Consultant sponsored into your Downline, whether by you or another Consultant in your Downline, is organised into a structure that is based on layers of sponsorship. A Consultant’s Level to you is determined by the number of Sponsors, including only Current Consultants, between you and that Consultant. For example: You are always Level 0 in your Group. The Consultants you sponsor are your Level 1, or Frontline. The Consultants your Level 1 sponsors are your Level 2. The Consultants your Level 2 sponsors are your Level 3, etc. Lifetime PRV (LPRV) The sum total of all Personal Retail Volume (PRV) you have accumulated on your Account, from your enrolment date to the present date. LPRV is not lost or reset as a result of an Account Cancellation. Non-public Information Any information related to Scentsy that has not been announced publicly by Scentsy. This includes, but is not limited to, information about new products, processes, equipment, territories or sales areas, business changes, products or product lines, personnel, intellectual property and promotions. Personal Retail Volume (PRV) The point value of commissionable products. Personal Wholesale Volume (PWV) 75 percent of Personal Retail Volume (PRV). Principal Member Any director, officer, executive, sole proprietor, general partner or owner of 10 percent or more of a business entity who conducts sales through a direct sales channel, or anyone acting at the direction of a principal of another direct selling company. This does not include being an independent consultant or representative with another direct sales company. Product Credit An amount, equivalent to a British pound, which can be added to your Account and redeemed for product purchases. Also, a payment type that may be used on an order if there is a positive Product Credit balance. Rank A monthly qualification used to determine your rate of compensation. You will begin each month with the Rank of Escential Consultant, unless you have previously qualified for a Rank of Certified Consultant or higher (in which case, you will begin each month with the Rank of Certified Consultant). Your ending Rank each month is determined by the Rank qualifications you achieved during that month. Region Countries that Scentsy has grouped together for sales and marketing purposes. Reinstatement (Welcome Back!) The reactivation of a cancelled Account with a Title of Escential or Certified Consultant, depending on the Lifetime PRV of the Account. Reinstated Accounts may choose any Sponsor. Downline are not restored to a reinstated Account. Replacement If an item that you (or your Customers) ordered arrives damaged, is defective or becomes defective, you may request a new product (must be exact for exact) for any products eligible under the applicable product warranty. Resalable Products and sales aids that meet the following conditions:

Appears in 1 contract

Sources: Independent Consultant Agreement

Inactive. An Account status resulting when 200 points in PRV is not achieved during a single month. Inactivity, or being Inactive for three consecutive months, results in an Account Cancellation. Inventory on Hand Your supply of authentic Scentsy products that you previously ordered, physically stored or have in your possession. Level Each Consultant sponsored into your Downline, whether by you or another Consultant in your Downline, is organised into a structure that is based on layers of sponsorship. A Consultant’s Level Level, to you you, is determined by the number of Sponsors, including only Current Consultants, between you and that Consultant. For example: You are always Level 0 in your Group. The Consultants you sponsor are your Level 1, or Frontline. The Consultants your Level 1 sponsors are your Level 2. The Consultants your Level 2 sponsors are your Level 3, etc. Lifetime PRV (LPRV) The sum total of all Personal Retail Volume (PRV) you have accumulated on your Account, Account from your enrolment date to the present date. LPRV is not lost or reset as a result of an Account Cancellation. Non-public Information Any information related to Scentsy that has not been announced publicly by Scentsy. This includes, but is not limited to, information about new products, processes, equipment, territories or sales areas, business changes, products or product lines, personnel, intellectual property and promotions. Personal Retail Volume (PRV) The point value of commissionable products. Personal Wholesale Volume (PWV) 75 percent of Personal Retail Volume (PRV). Principal Member Any director, officer, executive, sole proprietor, general partner or owner of 10 percent or more of a business entity who conducts sales through a direct sales channel, or anyone acting at the direction of a principal of another direct selling company. This does not include being an independent consultant or representative with another direct sales company. Product Credit An amount, equivalent to a British poundNew Zealand dollar, which can be added to your Account and redeemed for product purchases. Also, a payment type that may be used on an order if there is a positive Product Credit balance. Rank A monthly qualification used to determine your rate of compensation. You will begin each month with the Rank of Escential Consultant, unless you have previously qualified for a Rank of Certified Consultant or higher (in which case, you will begin each month with the Rank of Certified Consultant). Your ending Rank each month is determined by the Rank qualifications you achieved during that month. Region Countries that Scentsy has grouped together for sales and marketing purposes. Reinstatement (Welcome Back!) The reactivation of a cancelled Account with a Title of Escential or Certified Consultant, depending on the Lifetime PRV of the Account. Reinstated Accounts may choose any Sponsor. Downline are not restored to a reinstated Account. Replacement If an item that you (or your Customers) ordered arrives damaged, is defective or becomes defective, you may request a new product (must be exact for exact) for any products eligible under the applicable product warranty. Resalable Products and sales aids that meet the following conditions:

Appears in 1 contract

Sources: Independent Consultant Agreement