Compensation Plan - Unicity
Compensation Plan - Unicity
Compensation Plan - Unicity
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12<br />
<strong>Compensation</strong> <strong>Plan</strong><br />
Appendix A to the <strong>Unicity</strong> Europe Inc. Policies & Procedures<br />
R. Personal Volume (PV). The Volume accumulated from a Franchise Partner’s <strong>Unicity</strong> product purchases<br />
and the product purchases made by his or her Customer(s) through <strong>Unicity</strong> during a Volume<br />
Month.<br />
S. Preferred Customer (or Premium Customer). An end consumer, who purchases <strong>Unicity</strong> products<br />
from a Franchise Partner or from <strong>Unicity</strong> (see definition E. Customer) and who receives discount<br />
for his or her product purchases when using the Easyship programme (see definition B. Easyship<br />
agreement).<br />
T. Preferred Customer Profit. The difference between the wholesale price and the preferred price<br />
paid by a Preferred Customer on selected products.<br />
U. Preferred Price. Recommended retail price for sales to Preferred Customers.<br />
V. Bonus Programmes. (see Appendix A.1 to A.5)<br />
W. Qualify. To “Qualify” is to earn a given rank, benefit or award under the <strong>Compensation</strong> <strong>Plan</strong> in a<br />
Volume Month while the Franchise Partnership is in good standing.<br />
X. Rank. A qualification title in the <strong>Compensation</strong> <strong>Plan</strong> used to describe the level of recognition or<br />
Awards that a Franchise Partnership has earned. The ranks include: Bronze, Silver, Gold, Manager,<br />
Senior Manager, Director, Senior Director, Presidential Sapphire, Presidential Ruby, and Presidential<br />
Diamond.<br />
Y. Bonus. See “Personal Bonus Award.”<br />
Z. Retail Customer. (see definition E. Customer).<br />
AA. Retail Price. Recommended retail price for retail sales.<br />
BB. Retail Profit. The difference between wholesale price and the retail price paid by a Customer.<br />
CC. Shares. The portion of a Manager’s GV that is paid to qualifying Upline Senior Manager’s and higher.<br />
DD. Sponsor. The first Upline position to a Franchise Partner. To “Sponsor” is to be recognised on the<br />
Franchise Partner Agreement as the Sponsor and/or to have the Franchise Partner placed on the<br />
Sponsor’s Frontline.<br />
EE. Upline. A Franchise Partner’s Sponsor and successive Sponsors of each Upline.<br />
FF. Volume. The value or points assigned to a <strong>Unicity</strong> product and which accrues to a Franchise Partner<br />
upon the purchase of the product by the Franchise Partner or by the Downline pursuant to the<br />
<strong>Compensation</strong> <strong>Plan</strong>.<br />
GG. Volume Month. The period of time used to calculate Awards and ranks under the <strong>Compensation</strong><br />
<strong>Plan</strong>.