Common use of Effect of Cancellation Clause in Contracts

Effect of Cancellation. So long as an Affiliate remains active and complies with the terms of the Agreement, Novae shall pay commissions to such Affiliate in accordance with the Compensation Plan. An Affiliate's commissions constitute the entire consideration for the Affiliate's efforts in generating sales of Novae products and services and all activities related to generating such sales (including building a Marketing Organization). Following an Affiliate's non-renewal of his or her Affiliate Agreement, cancellation for inactivity, or voluntary or involuntary termination of his or her Affiliate Agreement (all of these methods are collectively referred to as "cancellation"), the former Affiliate shall have no right, title, claim or interest to the Marketing Organization which he or she operated, or any commission from the sales generated by any Affiliate in his or her Marketing Organization. An Affiliate whose business is cancelled/terminated will lose all rights as an Affiliate. This includes the right to sponsor the sale of the Novae products and services and the right to receive future commissions, bonuses or other income resulting from the sales by other Affiliates in the Affiliate's former Marketing Organization. In the event of cancellation, Affiliates waive all rights they may have, including but not limited to property rights, to their former Marketing Organization and to any bonuses, commissions or other remuneration derived from the sales of Novae services sponsored by any of the Affiliates in his or her former Marketing Organization. Immediately upon expiration, nonrenewal or termination of the Agreement, the affected Affiliate: • Must remove and permanently discontinue the use of the intellectual property, copyrighted materials and any signs, labels, stationery or advertising referring to or relating to any Company products, services or program; • Must cease representing himself or herself as an Affiliate of the Company; • Loses all rights to his or her position in the genealogy and Compensation Plan and to all future commissions and earnings resulting therefrom; and • Must take all action reasonably required by the Company relating to the protection of its Confidential Information and intellectual property. The Company has the right to offset any amounts owed by an Affiliate to the Company including, without limitation, any indemnity obligation incurred, from commissions or other compensation due to the Affiliate. An Affiliate whose Affiliate Agreement is canceled 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).

Appears in 2 contracts

Samples: novaemoneytraining.com, novaemoneytraining.com

AutoNDA by SimpleDocs

Effect of Cancellation. So long as an Affiliate a LifeVantage Distributor remains active Active and complies with the terms of the Agreement, Novae including this Manual, LifeVantage shall pay commissions Financial Distributions (as described in Section 12) to such Affiliate LifeVantage Distributor in accordance with the LifeVantage Compensation Plan. An Affiliate's commissions A LifeVantage Distributor’s Financial Distributions constitute the entire consideration for the Affiliate's LifeVantage Distributor’s efforts in generating sales of Novae products and services and all activities related to generating such sales (including building a Marketing Organization). Following an Affiliate's a LifeVantage Distributor’s non-renewal of his his, her or her Affiliate Agreement, cancellation for inactivity, or voluntary or involuntary termination of his or her Affiliate its Agreement (all of these methods are collectively referred to as "cancellation"“Cancellation”), the former Affiliate LifeVantage Distributor shall have no right, title, claim or interest to the Marketing Organization which he he, she or she it operated, or any commission or bonus from the sales generated by any Affiliate in his or her the Marketing Organization. An Affiliate A LifeVantage Distributor whose business LifeVantage distributorships is cancelled/terminated cancelled will permanently lose all rights as an Affiliatea LifeVantage Distributor. This includes the right to sponsor the sale of the Novae sell LifeVantage products and services and the right to receive future commissions, bonuses or other income resulting from the sales by and other Affiliates in activities of the Affiliate's LifeVantage Distributor’s former Marketing Organization. In the event of cancellation, Affiliates LifeVantage Distributors agree to waive all rights they may havehave including, including but not limited to to, property rights, to their former Marketing Organization and to any bonuses, commissions or other remuneration derived from the sales and other activities of Novae services sponsored by any of the Affiliates in his his, her or her its former Marketing Organization. Immediately upon expirationFollowing a LifeVantage Distributor’s cancellation of his, nonrenewal her or termination of the its Agreement, the affected Affiliate: • Must remove and permanently discontinue the use of the intellectual property, copyrighted materials and any signs, labels, stationery or advertising referring to or relating to any Company products, services or program; • Must cease representing former LifeVantage Distributor shall not hold himself or herself out as an Affiliate of the Company; • Loses all rights to his or her position in the genealogy a LifeVantage Distributor and Compensation Plan and to all future commissions and earnings resulting therefrom; and • Must take all action reasonably required by the Company relating to the protection of its Confidential Information and intellectual property. The Company has shall not have the right to offset any amounts owed by an Affiliate to the Company including, without limitation, any indemnity obligation incurred, from commissions or other compensation due to the Affiliatesell LifeVantage products. An Affiliate A LifeVantage Distributor whose Affiliate Agreement is canceled cancelled shall receive commissions and bonuses only for the last full pay commission period he he, she or she it was active prior to cancellation (less any amounts withheld during an investigation preceding an involuntary cancellation). LifeVantage Distributors may reapply as a new LifeVantage Distributor in accordance with Section 4.7.5 “Cancellation and Reapplication.

Appears in 2 contracts

Samples: cdn.lifevantage.com, cdn.lifevantage.com

Effect of Cancellation. So long as an Affiliate a LifeVantage Distributor remains active Active and complies with the terms of the Agreement, Novae LifeVantage shall pay commissions Financial Distributions to such Affiliate LifeVantage Distributor in accordance with the LifeVantage Sales Compensation Plan. An Affiliate's commissions A LifeVantage Distributor’s Financial Distributions constitute the entire consideration for the Affiliate's LifeVantage Distributor’s efforts in generating sales of Novae products and services and all activities related to generating such sales (including building a Marketing OrganizationOrganisation). Following an Affiliate's a LifeVantage Distributor’s non-renewal of his or her Affiliate Agreement, cancellation for inactivity, or voluntary or involuntary termination of his or her Affiliate their Agreement (all of these methods are collectively referred to as "cancellation"“Cancellation”), the former Affiliate LifeVantage Distributor shall have no right, title, claim or interest to the Marketing Organization Organisation which he or she they operated, or any commission or bonus from the sales generated by any Affiliate in his or her the Marketing OrganizationOrganisation. An Affiliate A LifeVantage Distributor whose business LifeVantage distributorship is cancelled/terminated cancelled will permanently lose all rights as an Affiliatea LifeVantage Distributor. This includes the right cancelled rights to sponsor the sale of the Novae sell LifeVantage products and services and the right cancelled rights to receive future commissions, bonuses or other income resulting from the sales by and other Affiliates in activities of the Affiliate's LifeVantage Distributor’s former Marketing OrganizationOrganisation. In the event of cancellation, Affiliates LifeVantage Distributors agree to waive all rights they may havehave including, including but not limited to to, property rights, to their former Marketing Organization Organisation and to any bonuses, commissions or other remuneration derived from the sales and other activities of Novae services sponsored by any of the Affiliates in his or her their former Marketing OrganizationOrganisation. Immediately upon expiration, nonrenewal or termination Following a LifeVantage Distributor’s cancellation of the their Agreement, the affected Affiliate: • Must remove former LifeVantage Distributor shall not hold themselves out as a LifeVantage Distributor and permanently discontinue the use of the intellectual property, copyrighted materials and any signs, labels, stationery or advertising referring to or relating to any Company products, services or program; • Must cease representing himself or herself as an Affiliate of the Company; • Loses all rights to his or her position in the genealogy and Compensation Plan and to all future commissions and earnings resulting therefrom; and • Must take all action reasonably required by the Company relating to the protection of its Confidential Information and intellectual property. The Company has shall not have the right to offset any amounts owed by an Affiliate to the Company including, without limitation, any indemnity obligation incurred, from commissions or other compensation due to the Affiliatesell LifeVantage products. An Affiliate A LifeVantage Distributor whose Affiliate Agreement is canceled cancelled shall receive commissions and bonuses only for the last full pay commission period he or she was they were active and qualified in prior to cancellation (less any amounts withheld during an investigation preceding an involuntary cancellation). LifeVantage Distributors may reapply as a new LifeVantage Distributor in accordance with the Agreement.

Appears in 1 contract

Samples: cdn.lifevantage.com

Effect of Cancellation. So long as an Affiliate a LifeVantage Distributor remains active Active and complies with the terms of the Agreement, Novae including this Manual, LifeVantage shall pay commissions Financial Distributions (as described in Section 12) to such Affiliate LifeVantage Distributor in accordance with the LifeVantage Sales Compensation Plan. An Affiliate's commissions A LifeVantage Distributor’s Financial Distributions constitute the entire consideration for the Affiliate's LifeVantage Distributor’s efforts in generating sales of Novae products and services and all activities related to generating such sales (including building a Marketing Organization). Following an Affiliate's a LifeVantage Distributor’s non-renewal of his his, her or her Affiliate Agreement, cancellation for inactivity, or voluntary or involuntary termination of his or her Affiliate its Agreement (all of these methods are collectively referred to as "cancellation"“Cancellation”), the former Affiliate LifeVantage Distributor shall have no right, title, claim or interest to the Marketing Organization which he he, she or she it operated, or any commission or bonus from the sales generated by any Affiliate in his or her the Marketing Organization. An Affiliate A LifeVantage Distributor whose business LifeVantage distributorships is cancelled/terminated cancelled will permanently lose all rights as an Affiliatea LifeVantage Distributor. This includes the right to sponsor the sale of the Novae sell LifeVantage products and services and the right to receive future commissions, bonuses or other income resulting from the sales by and other Affiliates in activities of the Affiliate's LifeVantage Distributor’s former Marketing Organization. In the event of cancellation, Affiliates LifeVantage Distributors agree to waive all rights they may havehave including, including but not limited to to, property rights, to their former Marketing Organization and to any bonuses, commissions or other remuneration derived from the sales and other activities of Novae services sponsored by any of the Affiliates in his his, her or her its former Marketing Organization. Immediately upon expirationFollowing a LifeVantage Distributor’s cancellation of his, nonrenewal her or termination of the its Agreement, the affected Affiliate: • Must remove and permanently discontinue the use of the intellectual property, copyrighted materials and any signs, labels, stationery or advertising referring to or relating to any Company products, services or program; • Must cease representing former LifeVantage Distributor shall not hold himself or herself out as an Affiliate of the Company; • Loses all rights to his or her position in the genealogy a LifeVantage Distributor and Compensation Plan and to all future commissions and earnings resulting therefrom; and • Must take all action reasonably required by the Company relating to the protection of its Confidential Information and intellectual property. The Company has shall not have the right to offset any amounts owed by an Affiliate to the Company including, without limitation, any indemnity obligation incurred, from commissions or other compensation due to the Affiliatesell LifeVantage products. An Affiliate A LifeVantage Distributor whose Affiliate Agreement is canceled cancelled shall receive commissions and bonuses only for the last full pay commission period he he, she or she it was active prior to cancellation (less any amounts withheld during an investigation preceding an involuntary cancellation). LifeVantage Distributors may reapply as a new LifeVantage Distributor in accordance with Section 4.7.5 “Cancellation and Reapplication.

Appears in 1 contract

Samples: cdn.lifevantage.com

Effect of Cancellation. So long as an Affiliate a Hemp Paste® Business Owner remains active and complies with the terms of the AgreementHemp Paste® Business Owner Agreement and these Policies and Procedures, Novae Hemp Paste® shall pay commissions and bonuses to such Affiliate Hemp Paste® Business Owner in accordance with the Compensation Plan. An Affiliate's A Hemp Paste® Business Owner’s bonuses and commissions constitute the entire consideration for the Affiliate's Hemp Paste® Business Owner’s efforts in generating sales of Novae products and services and all activities related to generating such sales (including building a Marketing Downline Organization). Following an Affiliate's non-renewal of his or her Affiliate Agreementa Hemp Paste® Business Owner’s termination, cancellation for inactivity, or voluntary or involuntary termination of his or her Affiliate Hemp Paste® Business Owner Agreement (all of these methods are collectively referred to as "cancellation"“termination”), the former Affiliate Hemp Paste® Business Owner shall have no right, title, claim or interest to the Marketing Organization which direct marketing organization that he or she operated, or any commission or bonus from the sales generated by any Affiliate in his or her Marketing Organizationthat organization. An Affiliate A Hemp Paste® Business Owner whose business is cancelled/terminated will lose all rights as an Affiliatea Hemp Paste® Business Owner. This includes the right to sponsor the sale of the Novae sell Hemp Paste® products and services and the right to receive future commissions, bonuses or other income resulting from the sales by and other Affiliates in activities of the Affiliate's Hemp Paste® Business Owner’s former Marketing Organizationdownline sales organization. In the event of cancellationtermination, Affiliates Hemp Paste® Business Owners agree to waive all rights they may have, including but not limited to property rights, to their former Marketing Organization downline sales organization and to any bonuses, commissions or other remuneration derived from the sales and other activities of Novae services sponsored by any of the Affiliates in his or her former Marketing Organizationdownline sales organization. Immediately upon expiration, nonrenewal or Following a Hemp Paste® Business Owner’s termination of the his or her Hemp Paste® Business Owner Agreement, the affected Affiliate: • Must remove and permanently discontinue the use of the intellectual property, copyrighted materials and any signs, labels, stationery or advertising referring to or relating to any Company products, services or program; • Must cease representing himself or herself former Hemp Paste® Business Owner shall not represent themselves as an Affiliate of the Company; • Loses all rights to his or her position in the genealogy and Compensation Plan and to all future commissions and earnings resulting therefrom; and • Must take all action reasonably required by the Company relating to the protection of its Confidential Information and intellectual propertya Hemp Paste® Business Owner. The Company has the right to offset any amounts owed by an Affiliate to the Company including, without limitation, any indemnity obligation incurred, from commissions or other compensation due to the Affiliate. An Affiliate A Hemp Paste® Business Owner whose Affiliate Hemp Paste® Business Owner Agreement is canceled terminated 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 cancellationtermination).

Appears in 1 contract

Samples: Business Owner Agreement

AutoNDA by SimpleDocs

Effect of Cancellation. So long as an Affiliate a LifeVantage Distributor remains active Active and complies with the terms of the Agreement, Novae LifeVantage shall pay commissions Financial Distributions to such Affiliate LifeVantage Distributor in accordance with the LifeVantage Sales Compensation Plan. An Affiliate's commissions A LifeVantage Distributor’s Financial Distributions constitute the entire consideration for the Affiliate's LifeVantage Distributor’s efforts in generating sales of Novae products and services and all activities related to generating such sales (including building a Marketing Organization/organization). Following an Affiliate's a LifeVantage Distributor’s non-renewal of his or her Affiliate Agreement, cancellation for inactivity, or voluntary or involuntary termination of his or her Affiliate their Agreement (all of these methods are collectively referred to as "cancellation"“Cancellation”), the former Affiliate LifeVantage Distributor shall have no right, title, claim or interest to the Marketing Organization Organization/organization which he or she they operated, or any commission or bonus from the sales generated by any Affiliate in his or her the Marketing Organization/organization. An Affiliate A LifeVantage Distributor whose business LifeVantage distributorship is cancelled/terminated cancelled will permanently lose all rights as an Affiliatea LifeVantage Distributor. This includes the right cancelled rights to sponsor the sale of the Novae sell LifeVantage products and services and the right cancelled rights to receive future commissions, bonuses or other income resulting from the sales by and other Affiliates in activities of the Affiliate's LifeVantage Distributor’s former Marketing Organization/organization. In the event of cancellation, Affiliates LifeVantage Distributors agree to waive all rights they may havehave including, including but not limited to to, property rights, to their former Marketing Organization Organization/organization and to any bonuses, commissions or other remuneration derived from the sales and other activities of Novae services sponsored by any of the Affiliates in his or her their former Marketing Organization/organization. Immediately upon expiration, nonrenewal or termination Following a LifeVantage Distributor’s cancellation of the their Agreement, the affected Affiliate: • Must remove former LifeVantage Distributor shall not hold themselves out as a LifeVantage Distributor and permanently discontinue the use of the intellectual property, copyrighted materials and any signs, labels, stationery or advertising referring to or relating to any Company products, services or program; • Must cease representing himself or herself as an Affiliate of the Company; • Loses all rights to his or her position in the genealogy and Compensation Plan and to all future commissions and earnings resulting therefrom; and • Must take all action reasonably required by the Company relating to the protection of its Confidential Information and intellectual property. The Company has shall not have the right to offset any amounts owed by an Affiliate to the Company including, without limitation, any indemnity obligation incurred, from commissions or other compensation due to the Affiliatesell LifeVantage products. An Affiliate A LifeVantage Distributor whose Affiliate Agreement is canceled cancelled shall receive commissions and bonuses only for the last full pay commission period he or she was they were active and qualified in prior to cancellation (less any amounts withheld during an investigation preceding an involuntary cancellation). LifeVantage Distributors may reapply as a new LifeVantage Distributor in accordance with the Agreement.

Appears in 1 contract

Samples: cdn.lifevantage.com

Effect of Cancellation. So long as an Affiliate a LifeVantage Distributor remains active Active and complies with the terms of the Agreement, Novae LifeVantage shall pay commissions Financial Distributions to such Affiliate LifeVantage Distributor in accordance with the LifeVantage Sales Compensation Plan. An Affiliate's commissions A LifeVantage Distributor’s Financial Distributions constitute the entire consideration for the Affiliate's LifeVantage Distributor’s efforts in generating sales of Novae products and services and all activities related to generating such sales (including building a Marketing Organization). Following an Affiliate's a LifeVantage Distributor’s non-renewal of his or her Affiliate Agreement, cancellation for inactivity, or voluntary or involuntary termination of his or her Affiliate their Agreement (all of these methods are collectively referred to as "cancellation"“Cancellation”), the former Affiliate LifeVantage Distributor shall have no right, title, claim or interest to the Marketing Organization which he or she they operated, or any commission or bonus from the sales generated by any Affiliate in his or her the Marketing Organization. An Affiliate A LifeVantage Distributor whose business LifeVantage distributorship is cancelled/terminated cancelled will permanently lose all rights as an Affiliatea LifeVantage Distributor. This includes the right cancelled rights to sponsor the sale of the Novae sell LifeVantage products and services and the right cancelled rights to receive future commissions, bonuses or other income resulting from the sales by and other Affiliates in activities of the Affiliate's LifeVantage Distributor’s former Marketing Organization. In the event of cancellation, Affiliates LifeVantage Distributors agree to waive all rights they may havehave including, including but not limited to to, property rights, to their former Marketing Organization and to any bonuses, commissions or other remuneration derived from the sales and other activities of Novae services sponsored by any of the Affiliates in his or her their former Marketing Organization. Immediately upon expiration, nonrenewal or termination Following a LifeVantage Distributor’s cancellation of the their Agreement, the affected Affiliate: • Must remove former LifeVantage Distributor shall not hold themselves out as a LifeVantage Distributor and permanently discontinue the use of the intellectual property, copyrighted materials and any signs, labels, stationery or advertising referring to or relating to any Company products, services or program; • Must cease representing himself or herself as an Affiliate of the Company; • Loses all rights to his or her position in the genealogy and Compensation Plan and to all future commissions and earnings resulting therefrom; and • Must take all action reasonably required by the Company relating to the protection of its Confidential Information and intellectual property. The Company has shall not have the right to offset any amounts owed by an Affiliate to the Company including, without limitation, any indemnity obligation incurred, from commissions or other compensation due to the Affiliatesell LifeVantage products. An Affiliate A LifeVantage Distributor whose Affiliate Agreement is canceled cancelled shall receive commissions and bonuses only for the last full pay commission period he or she was they were active and qualified in prior to cancellation (less any amounts withheld during an investigation preceding an involuntary cancellation). LifeVantage Distributors may reapply as a new LifeVantage Distributor in accordance with the Agreement.

Appears in 1 contract

Samples: cdn.lifevantage.com

Time is Money Join Law Insider Premium to draft better contracts faster.