Independent Business Owner definition

Independent Business Owner means an individual or organization that meets the minimum criteria to become an Independent Business Owner pursuant to the Agreement. With regard to Business Entities that are Independent Business Owners, the equity holders of such Business Entities shall be subject to the obligations contained in the Agreement, and the fact that an Independent Business Owner is a Business Entity shall not prevent Common Sense Wellness Worldwide from enforcing the Agreement against the individuals who own or control such Business Entity. An individual’s execution of a Common Sense Wellness Worldwide Independent Business Owner Agreement on behalf of a Business Entity shall demonstrate acceptance of the foregoing.
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Independent Business Owner means any independent agent of the Company or its Subsidiary that acts as a salesperson or manages an operation to perform fulfillment services in connection with the Business, including fulfillment with respect to freight shipped by customers of such Independent Business Owner or on behalf of other Sales Agents.
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Independent Business Owner or “IBO” means an individual who is participating in this Compensation Plan via its status as an Active Independent Business Owner, and is eligible to earn Compensation.
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Examples of Independent Business Owner in a sentence

  • An independent contractor who’s Independent Business Owner Application has been accepted by ENZACTA, and is otherwise in good standing.

  • By completing the IBO Application and submitting it to us, you are applying to become an Independent Business Owner of ENZACTA with an initial title of Independent Business Owner or IBO.

  • You can purchase any “Join” option to become eligible to be an active Independent Business Owner (IBO) at your choosing.

  • Accordingly, an Independent Business Owner should consult an attorney to assist him or her in the preparation of a will or other testamentary instrument.

  • You will be considered a Wholesale Buyer WB, WB/RS, or WB Plus until you complete the requirements to be an actual Independent Business Owner (IBO).

  • Independent Business Owner (IBO)To obtain a position in the business organization you must buy and sign an Independent Business Owner (IBO) Application and Agreement Form.

  • It is a violation of these Policies and Procedures for an Independent Business Owner or a third party to access this data via reverse engineering, keystroke monitoring, or by any other means.

  • This provision shall survive the termination of the Independent Business Owner Agreement.

  • As a self-employed business person the FBO, except to the extent that it is contrary to the terms of the FBO Agreement or current Company Policies, may conduct his/her business as an Independent Business Owner of Forever Living Products in the manner and at the time of his/her choosing and may carry out such other activities in addition to their Forever Living Products’ activity as he/she considers appropriate.

  • Any Compensation paid to the Independent Business Owner and its Upline for Product returned by an Independent Business Owner or Retail Customer may be debited from each such Upline Independent Business Owner’s account or withheld from present or future Compensation payments.


More Definitions of Independent Business Owner

Independent Business Owner means an independent contractor who has signed and completed the official TLC Independent Business Owner Application and Agreement and whose Agreement has been accepted by TLC. May also be referred to as an IBO. An IBO is required to meet certain qualifications and is responsible for the training, motivation, support and development of the IBOs in their respective marketing organization. IBOs are entitled to purchase TLC products at wholesale prices, enroll Customers and new IBOs, and participate in the Compensation Plan. Preferred Customers and Direct Retail Customers are not Independent Business Owners. Level – means the layers of downline IBOs in a particular IBO’s marketing organization. This term refers to the relationship of an IBO relative to a particular upline IBO, determined by the number of IBOs between them who are related by sponsorship. For example, if A is the sponsor of B, B is the Sponsor of C, C is the sponsor of D, and D is the sponsor of E, then E is on A’s fourth level. Marketing Organization – means the Independent Business Owners and Customers who are enrolled or sponsored below a particular Independent Business Owner or Customer. Official Total Life Changes Material – means literature, audio or digital recordings and other materials developed, printed, published and distributed by Total Life Changes to Independent Business Owners. Qualifying Sales Volume (QV) – means the commissionable value of Total Life Changes products generated by an Independent Business Owner’s marketing organization, including the Independent Business Owner’s Personal Sales Volume (PV).
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Related to Independent Business Owner

  • Parent Business shall have the meaning set forth in the Separation and Distribution Agreement.

  • food business operator means the natural or legal persons responsible for ensuring that the requirements of food law are met within the food business under their control;

  • Inactive business operations means the mere continued holding or renewal of rights to property previously operated for the purpose of generating revenues but not presently deployed for such purpose.

  • Active business operations means all business operations that are not inactive business operations.

  • Target Business means any businesses or entity with whom the Company wishes to undertake a Business Combination;

  • Restricted business operations means business operations in Sudan that include power production activities, mineral extraction activities, oil-related activities, or the production of military equipment, as those terms are defined in the Sudan Accountability and Divestment Act of 2007 (Pub. L. 110-174). Restricted business operations do not include business operations that the person (as that term is defined in Section 2 of the Sudan Accountability and Divestment Act of 2007) conducting the business can demonstrate—

  • Independent System Operator means a person that may receive or has received, by transfer pursuant

  • JV Entity means any joint venture of the Borrower or any Restricted Subsidiary that is not a Subsidiary.

  • Independent Software Vendor or “ISV” means a Person that makes available to Participants and Authorized Traders a system or platform offering smart order routing, front-end trading applications, an aggregation platform or a combination of the foregoing but that does not provide Participants or Authorized Traders with the ability to effect transactions other than through the Trading System.

  • Subject Business means the policy or policies that are the subject of the Insurance Business Transfer Plan.

  • Trust business means the business of acting as trustee, executor or administrator;

  • Significant business transaction means any business transaction or series of transactions that, during any one fiscal year, exceeds the lesser of $25,000 or 5 percent of the total operating expense of a provider.

  • Project Company means Company incorporated by the bidder as per Indian Laws in accordance with Clause no 3.5.

  • Eligible business means a business located within the counties of Cook, DuPage, Kane, Lake, McHenry or Will in the State of Illinois (the “Six County Region”), and as to which: (1) a majority of the business' fleet is located and used within the Six County Region; and (2) a majority of those vehicles located and used within the Six County Region are alternatively powered vehicles.

  • Independent living services means services and activities provided to a child in foster care 14 years

  • Company Business means the business of the Company and its Subsidiaries as presently conducted.

  • Separate Business means each of the activities of the Licensee connected

  • Related Business Assets means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided that any assets received by the Issuer or a Restricted Subsidiary in exchange for assets transferred by the Issuer or a Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary.

  • Transferred Business has the meaning ascribed to such term in the Separation Agreement.

  • Excluded Business has the meaning set forth in Section 6.10.

  • Independent Assets or Operations means, with respect to any such parent company, that such parent company’s total assets, revenues, income from continuing operations before income taxes and cash flows from operating activities (excluding in each case amounts related to its investment in the Issuer and the Restricted Subsidiaries), determined in accordance with GAAP and as shown on the most recent balance sheet of such parent company, is more than 3.0% of such parent company’s corresponding consolidated amount.

  • Subject Company shall have the meaning set forth in Section 6.10(a).

  • Disadvantaged Business Enterprise (DBE) means a firm certified as such by the Department in accordance with 49 CFR Part 26.

  • Transition Property means the property right created by a financing order, including without

  • Approved Entity means a body corporate which, on the occurrence of the Takeover Event, has in issue Approved Entity Shares.

  • Excluded Entities has the meaning set forth in Section 2.2(b)(iv).