YOUnique PayPlanV6.3
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Transcript of YOUnique PayPlanV6.3
Copyright YOUnique™ © March 2010 - Commissions and Bonuses Pay Plan Version 6.3 Page i
1st March 2010 Version 6.3
Copyright YOUnique™ © March 2010 - Commissions and Bonuses Pay Plan Version 6.3 Page ii
Welcome to
Revolutionary New Generation Pay Plan What is described as YOUnique’s Pay Plan for Every Man™ is the result of combining historical MLM statistical data together with 2 years practical field testing and research. This research confirmed that with traditional Company compensation pay plans, a distributor is required to be a ‘statistically’ above average networker to generate a continual residual income.
YOUnique’s™ Pay Plan for Every Man is the world’s first breakthrough to better performance where literally anyone can achieve a cash-flow positive business. • Statistically you can be a below average MLM performer & be cash flow positive. • Payment of Uni~level commissions to thirteen levels (13) is not determined by rank qualification ensuring that all Independent Business Owners who have purchased a qualifying product maximize pay plan pay out.
Copyright YOUnique™ © March 2010 - Commissions and Bonuses Pay Plan Version 6.3 Page iii
Contents
YOUnique™ Commissions and Bonuses Pay PlanTM .................................................................... 1
Section 1. Introduction ....................................................................................................... 1
Section 2. Terms .................................................................................................................. 1
Section 3. Commission & Bonus Types ............................................................................... 1
Section 4. Business Owner Bonuses Generated from Customer Retail sales ..................... 1
Section 5. Unilevel Commissions for Independent Business Owners................................. 2
Section 6. Global Recognition Pool ..................................................................................... 3
Section 7. Bonuses for qualified Independent Business Owner wholesale Purchases ...... 4
Section 8. Compression ....................................................................................................... 5
Section 9. Clawback of Commissions .................................................................................. 6
Section 10. Payment of Commissions and Bonuses ............................................................. 6
Appendix ................................................................................................................................... A-1
Diagrams
Diagram 1: Business Owner Customer retail sale bonus ............................................................. 2
Diagram 2: Unilevel Pay Plan for every man – 13 levels ............................................................. 3
Diagram 3: Ranks ......................................................................................................................... 4
Diagram 4: Unilevel Pay Plan modification for Business Owner wholesale purchase ................ 5
Diagram 5: Compression Explained – Case 1 ............................................................................... 5
Diagram 6: Compression Explained – Case 2 ............................................................................... 6
Copyright YOUnique™ © March 2010 - Commissions and Bonuses Pay Plan Version 6.3 1
YOUnique™ Commissions and Bonuses Pay PlanTM
Section 1. Introduction
1.1. This document describes YOUniqueTM payment of commissions and bonuses to the Company’s Independent Business Owners or abbreviated as YOUnique IBO. The right to make changes to this YOUnique™ Pay PlanTM is reserved by YOUniqueTM (here in after also shown as “the Company”) Notice of change will be published by the Company fourteen (14) days prior to any change taking effect. Such amendments are published in official Company literature, or by electronic communication including e-mail and website postings.
1.2. The Company’s Independent Business Owner’s Code of Conduct and the Independent Business Owner’s Application are incorporated by reference with this YOUnique™ Pay PlanTM. Should at anytime any of the Company’s materials appear to be conflicting or be construed to be conflicting, then the Company’s Independent Business Owner’s Code of Conduct will be overriding, and the Company’s judgment and interpretation will be final and binding.
1.3. All terms used in this document are defined in the Appendix for reference with some key ones introduced below for ease of reading.
Section 2. Terms
2.1. The following terms are used in this document.
a) Commissionable Volume (CV) is the ‘point value’ associated with an individual product. Commissions are calculated for payment to Independent Business Owner’s on this point value. One CV point is equal to USD$0.50.
b) Personal Savings Volume (PSV) is the total amount of CV points accumulated from all purchases of the Independent Business Owners plus the total amount of CV points from all personal Customer Retail purchases.
c) Group Volume (GV) is the grand total of CV and PSV points from each purchase within the Independent Business Owner’s Group. Commissions are paid to Independent Business Owners on the total amount of GV accumulated within a calendar month (excluding own purchase)
Section 3. Commission & Bonus Types
3.1. YOUnique™ pays the following types of commissions to its qualified Independent Business Owners:
a) Business Owner Bonuses from Customer Retail sales (Pays 1 level instantly)
b) Business Owner Bonuses from wholesale Purchases (Pays 1 level instantly)
c) Uni~level Pay Plan Commissions for Independent Business Owners (Pays 13 levels instantly)
Section 4. Business Owner Bonuses Generated from Customer Retail sales
4.1. An Independent Business Owner you can have an unlimited number of personal Customer Retail Sales.
4.2. Bonuses generated from Customer Retail sales are paid instantly to a Business Owner’s YOUnique™ back office virtual account upon the purchase being processed and funds cleared.
Copyright YOUnique™ © March 2010 - Commissions and Bonuses Pay Plan Version 6.3 2
4.3. Customer Retail purchases. The Customer creates their order through a YOUnique™ Business Owner Retail Catalogue
YOUnique™ Business Owner Commission
Level 1 Orders
* Purchased a Qualifying product (QP) within the last 30days. ** Business Owner customer retail sales paid 1 level *** Compression will apply if Business Owner is not qualified for commission
BUSINESS OWNER
Level 1 Customers 50% CV*
Customer salesgenerate
commissionsto
Business Owner
*Eg: YOUnique Business Owner customer sale:4 pack quarter shekels CV 114 or $57.00.Jubilee pack 50 QS is CV 990 or $495.00 Commissions paid to Business Owner.
* based on Gold Spot price $915
Diagram 1: Business Owner Customer retail sale bonus
4.4. Customers may only purchase Company goods and services through its Independent Business Owners customer web shop. Customer purchases are made by a simple ‘click’ on ‘Customer Shop’ while visiting the Independent Business Owner’s website. Each Customer receives their own login; they can purchase at any time and can track their own Customer retail purchase history.
4.5. To qualify to receive the commissions from Customer Retail sales, the Independent Business Owner must have purchased the Business Owners qualifying product* within the 30 day period prior to the Customer’s purchase. If not compression applies and customer bonus will pay to next qualified Independent Business Owner in that Business Network.
Section 5. Unilevel Commissions for Independent Business Owners
5.1. The Company pays Unilevel commissions to qualifying Independent Business Owners on the CV of all qualifying $149.00 Wealth Plan paid orders from the first thirteen (13) compressed levels of their group in each calendar month.
5.2. The Independent Business Owner qualifies for to receive Unilevel Commissions by having purchased a Business Owners qualifying product with in the 30 day period to their last qualifying product purchase. (not a calendar month qualification but a 30 day period qualification)
5.3. The diagram below shows the percentages paid for each level:
* Qualifying Product: The monthly $149.00 Qualifying Complete Business System
Copyright YOUnique™ © March 2010 - Commissions and Bonuses Pay Plan Version 6.3 3
Diagram 2: Unilevel Pay Plan for every man – 13 levels
Section 6. Global Recognition Pool
6.1. The YOUnique™ Global Recognition Pool is a YOUnique Marketing discretionary pool & qualifications will be determined and specific to each Company marketing campaign.
This volume is calculated excluding Customer Retail Orders volume. 2% of the CV of every other order world wide collectively accumulates in the YOUnique™ Recognition Pool.
6.2. Ranks are qualifications for recognition purpose and do not determine levels of payment for unilevel
commissions and bonuses.
6.3. The Rank of 2Karat Consultant is achieved upon the purchase of $149.00 Wealth Plan for Every Man program & business system. This is the qualifying product for the payment of commissions and bonuses.
6.4. The ranks of 4Karat Executive, 8Karat Executive, 12Karat Director, 18Karat Director, 22Karat and 24Karat Presidential Business Owner are ‘Recognition Performance’ qualifications and are not a
Copyright YOUnique™ © March 2010 - Commissions and Bonuses Pay Plan Version 6.3 4
qualification requirement for commission payment to 13 (thirteen) levels. The Company pays to 13(thirteen) levels regardless of the Independent Business Owner’s Rank qualification.
Qualified Rank PSV**(min) GV***(min)
24Kt-Presidential
*QP qualifying product
*QP 200CV
PSV 1000
7 legs –
GV 4,000,000
compressed to 13 levels
22Kt Presidential
*QP qualifying product
*QP 200CV
PSV 800
6 legs – GV
2,000,000
compressed to 11 levels
18Kt-Director
*QP qualifying product
*QP 200CV
PSV 300
5 legs GV 1,000,000 compressed to 9 levels
12Kt-Director
*QP qualifying product
*QP 200CV 3 active legs GV 100,000 compressed to 7 levels
9Kt-Executive
*QP qualifying product
*QP 200CV 3 active legs
GV 35,000 first 6 levels
4Kt-Executive
*QP qualifying product
*QP 200CV 2 active legs
2Kt-Consultant
*QP qualifying product
*QP 200CV Joining Rank
Diagram 3: Ranks
Section 7. Bonuses for qualified Independent Business Owner wholesale Purchases
7.1. The Company pays commissions to one (1) levels on all Independent Business Owners wholesale purchases.
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Diagram 4: Unilevel Pay Plan modification for Business Owner wholesale purchase
Section 8. Compression
8.1. Compression applies to all bonuses paid with this plan and is applied to infinity thereby ensuring payment of commissions on purchases from the maximum number of levels.
8.2. To understand how compression works consider the following scenario: A Business Owner from three (3) levels away from you makes a purchase and entitled to Level 1 (40%), Level 2 (0.5%) and Level 3 (0.5%).
Diagram 5: Compression Explained – Case 1
Copyright YOUnique™ © March 2010 - Commissions and Bonuses Pay Plan Version 6.3 6
Diagram 6: Compression Explained – Case 2
8.3. If you are not qualified to receive commissions they will by-pass you in search of the next qualified Business Owner. Compression applies to unlimited levels.
Section 9. Clawback of Commissions
9.1. In the event that a product is refunded in accordance with the Code of Conduct, any commissions paid from that purchase will be “clawed back” from any and all who have received commissions at the point of the refund occurring.
9.2. In the event that a product order is cancelled due to the event of a fraudulent act, any commissions paid from that purchase will be “clawed back” from any and all who have received commissions at the point of the cancelled fraudulent order.
Section 10. Payment of Commissions and Bonuses
10.1. This plan describes payment of commissions and bonuses at various times relative to product purchases. Payment in this sense means that the Company is responsible to credit the entitled commissions and bonuses into the Independent Business Owner’s Back Office “Available Commissions” virtual account.
10.2. The Company provides facility for the available commissions to be used for additional purchase, wired to a bank account or transferred to another Business Owner. Other ways of Business owners receiving commissions may be introduced from time to time at the Companies discretion.
10.3. It is the responsibility of the Independent Business Owner to ensure all banking details are accurate for receiving wire transferred funds.
Copyright YOUnique™ © March 2010 - Commissions and Bonuses Pay Plan Version 6.3 7
10.4. In accordance with the Code of Conduct an Independent Business Owner may request funds be transferred to an account by wire transfer at any time. Requests received by the 21st of each month will be authorized for payment with the Company’s bank on or before the end of that calendar month. The Company is not responsible for the time taken by the banking system to actually deposit the funds to your account nor any fees charged by the banks in the process.
10.5. Commissions generated by an Independent Business Owner joining product will be made available for redemption to a nominated bank account 30days after the date of joining.
Copyright YOUnique™ © March 2010 - Commissions and Bonuses Pay Plan Version 6.3 A-1
Appendix
Applicant A person who has submitted an Independent Business Owner Application.
Authorized Country A country that the Company has, in writing, specifically acknowledged and sanctioned to be available to all Independent Business Owners for business.
AutoSaveTM An optional program that authorizes the Company to automatically ship YOUnique™ products to an Independent Business Owner on a reoccurring monthly basis for a period of, but not limited to, twelve (12) months.
Independent Business Owner “IBO”
A person who signs an Independent Business Owner Application and establishes a distributorship within the business network.
Commissionable Volume CV The volume of orders on which Pay Plan payments are paid.
Pay Plan The specific payment plan used by the Company that details the requirements and benefits of the compensation structure for Independent Business Owners.
Customer A Customer is an End Consumer who is not a Business Owner or part of the Pay Plan.
Front Line The hosted Business Owner who appears in the first level of the business network of any particular Independent Business Owner.
Group Volume GV Total of all orders CV achieved by a group in a calendar month and used for qualifications to bonus levels. PSV is included in GV.
Host An Independent Business Owner who has directly introduced and hosted another Independent Business Owner into its business network.
Personal Savings Volume PSV The total of all orders CV achieved by an Independent Business Owner in a calendar month through product purchased both personally, and from personal customer purchases.
Qualifying Product Product requred for qualification to receive commissions.
Rank Levels The current level of the distributorship according to the Pay Plan. The Pay Plan structure provides the qualification requirements an Independent Business Owner may achieve within a commissionable month. Pay Plan payments are paid to an Independent Business Owner based on the order of a qualified product for first compressed thirteen levels of payment