Common use of Effect of Cancellation Clause in Contracts

Effect of Cancellation. So long as a Business Partner remains active and complies with the terms of the Agreement and these Policies and Procedures, Xxxxx shall pay commissions to the Business Partner in accordance with the Global Compensation Plan. A Business Partner's bonuses and commissions constitute the entire consideration for the Business Partner’s efforts in generating sales and all activities related to generating sales (including building a downline organization). Following a Business Partner's cancellation for inactivity as described herein, or voluntary or involuntary cancellation of his or her Agreement, including for breach of the Agreement or violation of the Policies and Procedures (all of these methods are collectively referred to as being "cancelled" or a "cancellation"), the former Business Partner shall have no right, title, claim or interest to the marketing organization in which he or she operated, to any past, present or future Kyäni trade secrets or other proprietary information or intellectual property, or to any commission or bonus from the sales generated by the organization after the Business Partner's cancellation. A Business Partner whose Agreement is cancelled will lose all rights as a Business Partner. This includes the right to sell Kyäni products, and the right to receive future commissions, bonuses, or other income resulting from the sales and other activities of the Business Partner's former downline sales organization. To remove all doubt, in the event of cancellation, the Business Partner agrees to waive all rights he or she may have, including but not limited to property rights, trade secret rights, intellectual property rights, or otherwise, to their former downline organization, marketing data, financial data, or contact information related to that downline organization, or to any bonuses, commissions, or other remuneration that might otherwise have arisen from the sales or other activities of that downline organization, had the Business Partner not been cancelled. The former Business Partner shall not hold himself or herself out as a Kyäni Business Partner. A cancelled Business Partner shall receive commissions and bonuses only for the last full pay period he or she was active prior to cancellation (less any amounts withheld during an investigation preceding an involuntary cancellation).

Effect of Cancellation. So long as a Business Partner Distributor remains active and complies with the terms of the Agreement and these Policies and Procedures, Xxxxx shall pay commissions to the Business Partner Distributor in accordance with the Global Compensation Plan. A Business PartnerDistributor's bonuses and commissions constitute the entire consideration for the Business PartnerDistributor’s efforts in generating sales and all activities related to generating sales (including building a downline organization). Following a Business PartnerDistributor's cancellation for inactivity as described herein, or voluntary or involuntary cancellation of his or her Agreement, including for breach of the Agreement or violation of the Policies and Procedures (all of these methods are collectively referred to as being "cancelled" or a "cancellation"), the former Business Partner Distributor shall have no right, title, claim or interest to the marketing organization in which he or she operated, to any past, present or future Kyäni trade secrets or other proprietary information or intellectual property, or to any commission or bonus from the sales generated by the organization after the Business PartnerDistributor's cancellation. A Business Partner Distributor whose Agreement is cancelled will lose all rights as a Business PartnerDistributor. This includes the right to sell Kyäni products, and the right to receive future commissions, bonuses, or other income resulting from the sales and other activities of the Business PartnerDistributor's former downline sales organization. To remove all doubt, in the event of cancellation, the Business Partner Distributor agrees to waive all rights he or she may have, including but not limited to property rights, trade secret rights, intellectual property rights, or otherwise, to their former downline organization, marketing data, financial data, or contact information related to that downline organization, or to any bonuses, commissions, or other remuneration that might otherwise have arisen from the sales or other activities of that downline organization, had the Business Partner Distributor not been cancelled. The former Business Partner Distributor shall not hold himself or herself out as a Kyäni Business PartnerDistributor. A cancelled Business Partner Distributor shall receive commissions and bonuses only for the last full pay period he or she was active prior to cancellation (less any amounts withheld during an investigation preceding an involuntary cancellation).