Document:

Unassociated Document

The livethesource® compensation plan is designed to allow individuals to work at their own pace and reach financial goals that they may have only dreamed about. With livethesource®, you work for yourself but not by yourself. You are surrounded by uplines and downlines that include people with experience, passion and the desire to help people. In the livethesource® compensation plan, financial potential is limited only by your willingness to help people and to set goals while creating a company directed and focused business plan.

 

The objective of the livethesource® compensation plan is to help distributors stay active far longer than in other companies. We want the distributors to be able to earn income from the first day along with understanding how ‘People Helping People’ will truly change their lives. Our plan allows distributors to keep customers longer with customer offers, incredible products and promotions for lifestyle changes. livethesource® will also provide state of the art training which will include tracks to run on, effective recruiting, People Helping People leadership training and Diamond Summit Training for advanced leadership skills.

 

The livethesource® Compensation Plan Overview 

Placement Feature

. You may take a first line personally sponsored distributor and move them, their organization and organization volume, anywhere within your organization you feel it’s most needed. The newly sponsored distributor must be moved within the calendar month they join or they remain on your first level. Simply go to MY Organization/Change Personally Sponsored Placement and fill in the appropriate ID numbers”. Another livethesource® feature of People Helping People.

 

There are four distinct price lists given to each product:

• The Retail price is the price Customers pay.

• The Preferred Customer Program price is the price paid by Customers who are on autoship {10% discount off retail price}

• Distributor price is 25% discount off retail price

• Distributor Autoship (livethesource® Plan) {25% discount off retail price}

• PV reflects all purchases made by the individual distributor as well as any volume from their customers

• GV reflects all the volume (including your PV) from your downline organization

• livethesource® autoship is the monthly order automatically shipped on any business day up to the 25th of the month.

• Each product has a point or volume amount called business volume (BV). livethesource® Distributors accumulate BV. Your commissions are calculated on the BV of each product sold or purchased by your downline organization. The greater the BV the higher your commissions.

 

Rank Advancement

A livethesource® distributor advances in rank when they:

• Place a personal order of 108PV every month (customer orders count as PV for the distributor)

• Meet the GV (group volume) requirement of the specific rank

 

  

  

  

• Meet the required number of qualified legs for each rank. (A qualified leg has a required rank anywhere in that leg.)

• To receive commissions for any given month, a distributor must have a PV of 108 for that month.

 

Six ways to earn income with livethesource®

• Retail commissions

• As a new Distributor, you will be generously compensated for every sale generated by your customers (You purchase product at wholesale and sell to customers at the retail price. 25% profit. Distributors on autoship earn a 25% discount.

Retail commissions can pay for your product by:

• Join the livethesource® autoship program where you can purchase your product for a 25% discount or $36.00 per bottle.

• Find three families who each purchase three bottles of daily sourceTM per month.

• 3 bottles at $48.00 apiece = $144.00. As your cost is $108 you earn $36.00

• $36.00 profit X 3 families = $108 and your product is free.

• Uni-Level Pay

• Uni-Level Pay is added to Retail Commission to additionally reward you. You can earn Uni-Level commissions down through 4 levels 

• The commission levels earned is determined by your rank. Rank is the title given to Distributors upon meeting monthly Personal and Rank requirements. Personal Requirement is all personal business volume ordered on your personal account. Rank Requirement is the combination of total volume by all distributors in your organization. This includes your PV.

• Below is a detailed chart showing the different ranks, the number of levels paid per rank and the percentage for each rank and level.

• Generation Pay

• As you enroll additional Distributors in your team and support them in building teams of their own, your downline will quickly grow. Generation Pay provides incredible rewards for leaders who help others become leaders. The livethesource® approach to leadership is to reward building a significant income with teams of your rising stars.

• Generation Pay is powerful - it contributes toward a majority of the monthly residual income of livethesource® leaders. Instead of earning a commission on one specific level, as is the case with Ranks Personal Requirement Rank Requirement

Distributor 65 PV 100 GV

Executive 108 PV 400 GV

Bronze 108 PV 1200 GV Must include three (3) Qualified Executive Legs

Silver 108 PV 5000 GV Must include three (3) Qualified Bronze Legs

Gold 108 PV 20,000 GV Must include three (3) Qualified Silver Legs

Platinum 108 PV 60,000 GV Must include three (3) Qualified Gold Legs

Diamond 108 PV 180,000 GV Must include three (3) Qualified Platinum Legs

Ambassador 108 PV 540,000 GV Must include three (3) Qualified Diamond Legs with one Personally sponsored Diamond (which could be one of the legs)

Uni-Level Pay, you earn a commission from one rank to the next. For example, Silver Distributors earn Generation Pay on all the Customers and Distributors between them and their next Silver.

 

  

  

  

 

Moreover, the percentages are recalculated with each additional leg you have. A leg starts with every Distributor you personally enroll. Therefore, as you add width to your group by enrolling more Distributors, you will earn more commissions. The possibilities are limitless!

The chart below displays all the generations and percentages that correspond with each of the ranks. 

A generation is the position of all the team members between you and a Distributor who has the same or higher qualified rank in your organization. For example, a Silver generation is defined as all the team members between you and the first Silver, Gold, Platinum or Diamond in each leg of your team. This person could be on your first level, 10th level or 100th level. A Silver Distributor earns Generation Pay on generation deep. In the example below, as a Silver Distributor you will earn 5% Generation Pay on all the volume of the Distributors between you and your first Silver. Since the first Silver is on the Distributor’s 12th level, the Silver Distributor will earn 5% Generation pay down to level 12. Then you will also receive 4% down to your next Silver.

Distributor Executive Bronze Silver Gold Platinum Diamond Ambassador

LV 1 5% 5% 5% 5% 5% 5% 5% 5%

LV 2 5% 5% 5% 5% 5% 5% 5% 5%

LV 3 15% 15% 15% 10% 10% 10% 5%

LV 4 5% 5% 5% 5% 5% 5%

Silver (S) Gold (G) Platinum (P) Diamond (D) Ambassador

S S G S G P S G P D S G P D

Generation 1 5% 5% 4% 5% 4% 3% 5% 4% 3% 2% 5% 4% 3% 2%

Generation 2 4% 4% 4% 4% 4% 3% 4% 4% 3% 2% 4% 4% 3% 2%

Generation 3 3% 3% 2% 3% 2%

Generation 4 2% 2%

Generation 5 2% 2%

Generation 6 1%

Level Title Generation Pay

0 You - Silver

1 Distributor

2 Executive

3 Bronze

4 Distributor

5 Bronze

6 Executive

7 Executive

8 Distributor

9 Distributor

10 Bronze

11 Distributor

 

  

  

  

12 Silver 1

13 Bronze

14 Bronze

15 Distributor

16 Gold 1

17 Silver 2

5%

4%

In summary, the chart below is a representation of a hypothetical percentage payout as a Distributor advances from one rank to the next. The key to understanding Generation Pay is that you will earn 5% to the first Silver, Gold, Platinum or Diamond; 4% to the second Gold, Platinum or Diamond; 3% to the third Platinum or Diamond; 2% to the fifth Diamond; and 1% to the sixth Diamond.

SILVER GOLD PLATINUM DIAMOND AMBASSADOR

Level Description Silver Silver Gold Silver Gold Platinum Silver Gold Platinum Diamond Silver Gold Platinum Diamond

1 Distributor

2 Executive

3 Executive

4 Distributor

5 Executive

6 Executive

7 Executive

8 Distributor

9 Bronze

10 Bronze

11 Distributor

12 Silver 1

13 Bronze

14 Bronze

15 Distributor

16 Gold 1

17 Silver

18 Silver

19 Silver

20 Gold 2

21 Platinum 1

22 Gold

23 Silver

24 Silver

25 Platinum 2

26 Gold

27 Gold

28 Platinum 3

29 Diamond 1

30 Diamond 2

31 Diamond 3

32 Platinum

33 Diamond 4

34 Diamond 5

35 Platinum

36 Gold

37 Diamond 6

4% 4% 4% 4%

3% 3% 3%

4% 4% 4% 4%

3% 3%

3%

3% 3% 3%

2% 2%

2%

 

  

  

  

2%

2%

2%

2%

2%

2%

2%

1%

5%

4%

5%

4%

5%

4%

5%

4%

5%

4%

• Car Bonus

• livethesource® will pay up to $1600 per month in a car allowance. To become car qualified, you must achieve and maintain your title and volume requirements for four consecutive months and have at least four legs with maximum individual leg contribution of 40% from the strongest leg, 30% from the second largest leg, 20% from the third largest and 10% from the fourth largest leg.

• The car program becomes available for Gold and above ranks.

• livethesource® Ambassador Bonus

• Achieving the rank of Ambassador is truly an extraordinary achievement and liivethesourceTM rewards this accomplishment by paying a 1% leadership bonus every month. The Ambassador Bonus is calculated by taking 1% of total company commissionable volume and dividing it by the total number of Ambassador shares. An Ambassador earns one share for qualifying as an Ambassador and one additional share for each Ambassador leg in their organization. An Ambassador leg is any leg that has a qualified Ambassador in it during the current month.

• Incentives and Trips

• Diamond Summit Training

• Gold Distributors and above who qualify will participate in several schedules retreats per year that will include advanced business and leadership training with corporate staff and Diamonds and Ambassadors.

• Diamond Club

• Once a year this all expense trip which include:

• Relaxation in one of the world’s most luxurious resorts

• Team building with other qualified Diamonds and Ambassadors

• Time with Corporate Executives and Field Leaders

• Annual and Semi-annual contests and promotions

• livethesource® will offer annual and semi-annual contests with winners qualifying for trips to exotic locations. These contests are open for all Distributors and aboveUnassociated Document

 

LETTER OF AGREEMENT

This Letter Agreement (hereinafter referred to as “Agreement’) dated March 11, 2011 is intended to define the business relationship between The Source Vitamin Company, Inc. (hereinafter referred to as “SVC”) located at 450 E Las Olas Blvd, Suite 830, Ft. Lauderdale, Florida 33301 and Dr. Bob Arnot, an individual (hereinafter referred to as “BA”), with offices located at: 2600 North Flagler, West Palm Beach, FL

WHEREAS, SVC and BA agree that they are initiating this Agreement for the purpose of defining the relationship between the two parties for the purpose of promoting and marketing the defined products.

	
1. 

	
DEFINITION OF PRODUCT(S):

Product to include “DailyMulti-Vitamin and other nutritional products -TBD”

	
2. 

	
DEFINITIONS OF PARTIES:

SVC is a developer, marketer and owner of certain health & nutrition products, which include supplements, functional foods, foods, and proprietary formulas designed to promote healthy weight loss and general nutrition.

BA is a credentialed MD with notoriety and visibility in the consumer marketplace. BA is a recognized spokesperson, author, TV personality and respected health advocate.

	
3. 

	
RELATIONSHIP OF PARTIES:

SVC is engaging BA to be the head of SVC’s Medical Advisory Board for the expressed purpose of representing defined products, specifically DailyMulti-Vitamin and other nutritional products - TBD.

BA agrees that he will be acting as an official spokesperson and/or endorser for the defined products marketed by SVC and promote SVC’s product through all mediums of expression.

	
4.

	
RESPONSIBILITIES OF THE PARTIES:

SVC agrees to create the opportunity for the marketing, sales and distribution of the defined products. SVC is responsible for the complete management and operation of SVC’s company and will be actively promoting and creating opportunities for world-wide sales of all developed products, which may include, but are not limited to, multi-level marketing, direct to consumer sales, direct response TV, radio, print campaigns, media & list acquisition, Internet marketing, interactive marketing and retail sales.

  

1

  

 

It will be SVC’s responsibility to create and manage opportunities for BA to promote and/or endorse SVC’s defined products. SVC will be promoting defined products utilizing domestic and international public relations campaigns, various forms of advertising media, along with existing worldwide business relationships.

SVC agrees to be respectful & considerate of BA’s time & schedule and will cooperate to the best of its ability to utilize BA’s time in a practical manner.

SVC agrees to share in advance any sales and marketing materials for BA’s approval that represents BA’s likeness, voice, or written quotes.

BA agrees that he will be an official recognized spokesperson and endorser of SVC’s defined products, and during such period as acting as a spokesperson for SVC’s product will not compete or endorse a like products without informing SVC.

BA agrees that from time to time his input on overall sales & marketing strategies may be required.

BA agrees that he will lend his name and likeness for the agreed upon advertising, promotion and sales opportunities, with the right to pre-approve all materials.

BA agrees to make himself available to SVC on a pre-determined basis for the following: advertising, marketing and promotional projects, which may include, but not limited to: TV, radio, print, public speaking engagements, photo sessions, and media interviews.

From time to time BA at his choosing may create sales opportunities for the stated products.

	
5. 

	
MUTUALLY AGREED:

SVC & BA agree that time is of the essence and both parties will make every effort to be responsible for the success, marketing and sales of SVC’s products.

This Agreement does not constitute an employer & employee relationship. Both parties agree that they are independent business owners and will be compensated and share in profit from sales as defined in compensation.

SVC agrees that they will make a reasonable effort to incorporate into SVC’s marketing plan BA’s Internet marketing program providing it’s compatible with SVC’s overall marketing program. The engagement of BA’s Internet Marketing Program will be defined in a separate agreement.

SVC agrees that they have the legal right to market and promote the agreed upon products.

  

2

  

 

BA agrees that he has the legal right and is unencumbered to promote and endorse products in the nutritional supplement category.

BA agrees that during the course of his own business activities may, at his choosing create sales opportunities for SVC’s defined products.  SVC agrees to compensate BA for these sales as defined in Compensation.

SVC& BA agree that they will work together to help refine and/or initiate appropriate clinical studies, marketing and collateral materials for the defined products.

SVC & BA agree that from time to time it will be important to share sales & marketing information. And both parties agree to keep said information confidential and private at all times, unless otherwise agreed upon by SVC & BA.

SVC & BA agree that all marketing materials that utilize BA’s likeness or implied endorsement must be pre-approved by BA.

	
6. 

	
COMPENSATION:

SVC agrees to compensate BA in the following manner:

SVC agrees to provide BA 25 cents per unit sold as defined in this agreement as long as BA is acting as a spokesperson and promoting SVC’s products.

BA is entitled to receive ____per unit sold for a period of 1 (one) year, less charge backs and returns from the time SVC terminates the use of BA through all mediums of expression.

In consideration of BA’s time, SVC agrees to compensate BA a minimum of $120,000 per year for as long as this agreement is in force, or 25 cents per unit sold of defined products during the period of this agreement of whichever is greater.

SVC agrees to compensate BA a monthly compensation of $10,000 per month to begin on the first official scheduled production date. SVC will in good faith send BA an advance payment of $10,000 upon execution of this agreement.

SVC agreed to be mindful and considerate of BA’s time.

BA agrees to make himself available for appearances, production, photo shoots, meetings, interviews, recordings & broadcasts.

SVC agrees to pay the agreed upon pre-determined expenses associated with said appearances to BA.

SVC agrees to maintain standard and acceptable accounting practices.

  

3

  

 

SVC agrees to provide the opportunity for BA and/or his accountant access to the financial records related to the sales of the agreed upon products. SVC agrees to make said accounting records available on a quarterly basis.

	
7. 

	
TERM OF THIS AGREEMENT:

The term of this agreement shall be in effect for period of 1 (one) year, and may be extended yearly thereafter if both parties agree in writing. SVC may terminate the Agreement within thirty days (30) days notice.

SVC agrees that should the agreement be terminated for any reason with BA that SVC will in a timely manner, cease to use any and all advertising materials to include, but not limited to: electronic, print and Internet media that utilizes BA’s likeness and endorsements. BA at his option can provide SVC a written waiver allowing SVC continued use, for a specified period of time.

	
8. 

	
CONFIDENTIALITY OF AGREEMENT:

 

a.             The Parties agree that the negotiations leading to the execution of this Agreement and the terms of this Agreement shall be held in confidence, and shall not be disclosed, communicated, or divulged to any person, other than those who must perform tasks to effectuate this Agreement.

 

b.             Notwithstanding the foregoing, the Parties may disclose the terms of this Agreement to those persons to whom disclosure is necessary for the preparation of tax returns and other financial reports, to spouses, and to persons to whom disclosure is ordered by a court of competent jurisdiction or otherwise required by law.

 

c.             Any breach of any provision of this Paragraph shall render the breaching Party liable for all remedies available in equity or at law.

	
9. 

	
ENTIRE AGREEMENT:

This Agreement sets forth the entire, final and complete agreement and understanding between the Parties. No party herein has made any representations, oral or otherwise, express or implied, other than those contained herein.  If for any reason any portion of this Agreement shall be deemed void or unenforceable, then the remaining portions of this Agreement shall be binding upon the Parties hereto with the same effect as though the void or unenforceable parts were deleted.

  

4

  

 

	
10. 

	
FURTHER ASSISTANCE:

The Parties shall execute and deliver all documents and do all acts necessary to carry out the intention of the Parties as set forth in this Agreement.

	
11. 

	
BINDING EFFECT:

This Agreement shall be binding upon the Parties, and each of their respective agents, attorneys, assigns, heirs, representatives and successors.

	
12. 

	
APPLICABLE LAW AND ARBITRATION:

The Parties agree that Florida law will govern, including Florida’s choice of law provisions.  Any and all disputes, claims, or proceedings between SVC and BA arising out of or relating to any work or ser­vices performed per the Agreement, the nature, terms, or en­forceability of this Agreement, any claims or any dispute of any nature between SVC and BA shall be settled by binding and final arbitration held before a single arbi­trator.  Arbitration shall be held in the County of Broward, Florida and shall be pursuant to the laws of the State of Florida.  The arbitrator shall also have the power to impose any sanction against any party permitted by Florida law.  The arbi­tra­tion award shall be final.  Judg­ment on any arbi­tra­tion award may be entered in any court in the County of Broward. The parties agree to split evenly the fees and costs of the arbitrator.  Arbitration is final and binding on both SVC and BA.

	
13. 

	
INDEMNITIES:

SVC & BA each agree to indemnify, defend and hold each other harmless from and against any and all claims, settlement, damages, expenses, reasonable attorney’s fees, costs and judgments imposed upon or suffered by the other from any and all causes whatsoever to the extent they arise out of any material breach of such party’s representation, warranties or other agreements hereunder, or any infringement of any right of SVC to any of the intellectual property supplied to BA herein.

If the foregoing accurately reflects our understanding and agreement please so indicate by signing and dating in the space provided below.

 

	The Source Vitamin Company, Inc.	Dr. Bob Arnot
	 	 
	Signature: /s/ Ted Farnsworth	Signature: /s/ Dr. Bob Arnot

 

  

5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00187-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00187-of-00352.parquet"}]]