Change of Sponsorship Sample Clauses

Change of Sponsorship. VIVRI® prohibits changes in sponsorship. As a result, the transfer of a VIVRI® business from one sponsor to another is not allowed. A Leader can legitimately change organizations or sponsor by canceling his/her VIVRI® business and remaining inactive (i.e., without purchases of VIVRI® products for resale, sales of VIVRI® products, sponsorship, or assistance to any of the VIVRI® functions, the participation in any other form of Leader activity, or the operation of any other VIVRI® business, or the perception of income derived from the VIVRI® business) for six (6) full calendar months. After the six-month period of full inactivity, the former Leader may reapply for a new sponsor, however, the former leader's descending line will remain on their original line of sponsorship. Claims Waiver In cases where adequate sponsorship change procedures have not been followed, and a descending organization has been created in the second business developed by a Leader, VIVRI® reserves the sole and exclusive right to determine the final disposition of the descending organization. The conflict resolution around the correct placement of a descending line that has been developed in an organization that has incorrectly changed sponsors is often very difficult. Therefore, LEADERS WAIVE ALL CLAIMS AGAINST VIVRI®, ITS OFFICERS, DIRECTORS, OWNERS, EMPLOYEES AND AGENTS THAT RELATE TO, OR RESULT FROM, THE VIVRI® DECISION IN RELATION TO THE PROVISION OF ANY DESCENDING LINE ORGANIZATION THAT IS DEVELOPED UNDER AN ORGANIZATION THAT HAS INCORRECTLY CHANGED ITS SPONSORSHIP LINES.
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Change of Sponsorship. Unicity strongly discourages changes of Sponsorship. A Distributor may not attempt to persuade other Distributors to change Sponsors. This is known as “Downline Raiding,” and a Distributor who engages in Downline Raiding may be subject to disciplinary action by Unicity, including termination of the Distributor Agreement. Unicity may, at its discretion, allow a Distributor to change Sponsors. Unless waived by Unicity, the following conditions apply to any change of Sponsors:
Change of Sponsorship. To protect the integrity of all marketing organizations and safeguard the hard work of all Independent Representatives, MSTG Solutions, Inc. strongly discourages changes in sponsorship. Maintaining the integrity of sponsorship is critical for the success of every Independent Representative and market organization. Accordingly, the change of a MSTG Solutions, Inc. business from one sponsor to another is rarely permitted. Requests for changes of sponsorship must be submitted in writing to the Compliance Department and must include the reason for the change. Changes will be considered only in the following circumstances: o In cases involving fraudulent inducement or unethical sponsoring, an Independent MSTG SOLUTIONS - POLICIES AND PROCEDURES o Representative may request that he or she be changed to another organization with his or her entire marketing organization intact. All requests for change alleging fraudulent enrollment practices shall be evaluated on a case-by-case basis, with MSTG Solutions, Inc. having the final decision whether such infraction occurred. o The Independent Representative seeking to change submits a properly completed and fully executed Sponsorship Change Form (available by faxed request to the Compliance o Department), which includes the written approval of all parties (up to seven [7] levels of active Independent Representative uplines), whose income will be affected by the change. Photocopied or facsimile signatures are not acceptable. All Independent Representatives' signatures must be notarized. The Independent Representative who requests the change must submit a non-refundable $50.00 for administrative charges and data processing. If the changing Independent Representative also wants to move any Independent Representative in his or her marketing organization, each downline Independent Representative also must obtain a properly completed Sponsorship Change Form and return it to MSTG Solutions, Inc. with the non-refundable $50.00 change fee (i.e., the cost to move an MSTG Solutions, Inc. business). o Downline Independent Representatives will not be moved with the changing Independent Representative unless all of the requirements of this paragraph are met. Changing Independent Representatives must allow thirty [30] days after the receipt of the Sponsorship Change Form for processing and verifying change requests. Final approval rests with MSTG Solutions, Inc.
Change of Sponsorship. Any IP who wishes to change their sponsorship must resign their Juice Plus+ Business and comply with the Period of Inactivity (see Rule 9.5) before applying for a new Juice Plus+ Independent Partnership under a new Sponsor.
Change of Sponsorship. Managers 5
Change of Sponsorship. Members NSPdiscourages any change in Sponsors. The onlyway for a Member to change sponsors is for the Member to resign or terminate his/her account by writing a letter to NSP Distributor Education and Compliance requesting the resignation or termination. The Member must wait six months from the date of resignation to reapply for membership under a new Sponsor. During this waiting period, the Member must cease all participation in NSP activities, including attendance at any meetings, and the purchase and resale of NSP products. A Member whose account has passed the yearly expiration date mayreapplyfor membership under a newsponsor immediatelyso long as:
Change of Sponsorship. Managers Active Managers may not change their respective Sponsors. Managers who have dropped rank may change their sponsor in the same manner as a Member by requesting the resignation or termination of their accounts and must wait six months from the date of resignation to reapply for membership under a new Sponsor. During this waiting period, the Manager must cease all participation in NSP activities, including attendance of all meetings and the purchase and resale of NSP products.
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Related to Change of Sponsorship

  • Change of Name, Etc Immediately after the Closing, Purchaser will (a) change the name and logo on all documents, Branches and other facilities relating to the Assets and the Assumed Liabilities to Purchaser’s name and logo, (b) notify all persons whose Loans, Deposits or Safe Deposit Agreements are transferred under this Agreement of the consummation of the transactions contemplated by this Agreement, and (c) provide all appropriate notices to the OCC and any other Regulatory Authorities required as a result of the consummation of such transactions. Seller shall cooperate with any commercially reasonable request of Purchaser directed to accomplish the removal of Seller’s signage (or the removal of signage of an Affiliate of Seller, if applicable) by Purchaser and the installation of Purchaser’s signage by Purchaser; provided, however, that (i) all such removals and all such installations shall be at the expense of Purchaser, (ii) such removals and installations shall be performed in an environmentally friendly manner (including the recycling of such materials) and in such a manner that does not unreasonably interfere with the normal business activities and operations of the Branches and Purchaser shall repair any damage to the area altered to its pre-existing condition, (iii) such installed signage shall comply with the applicable Branch Lease and all applicable zoning and permitting laws and regulations, (iv) such installed signage shall have, if necessary, received the prior approval of the owner or landlord of the facility, and such installed signage shall be covered in such a way as to make Purchaser signage unreadable at all times prior to the Closing, but such cover shall display the name and/or logo of Seller (or of its Affiliates) in a manner reasonably acceptable to Seller and (v) if this Agreement is terminated prior to the Closing, Purchaser shall immediately and at its sole expense restore such signage and any other area altered in connection therewith to its pre-existing condition. During the fourteen (14) calendar day period following the Closing, Purchaser shall afford to Seller and its authorized agents and representatives reasonable access during normal business hours to the Branches to allow Seller the opportunity to confirm Purchaser’s compliance with the terms of this Section 7.9.

  • Change of Name or Location; Change of Fiscal Year Such Grantor shall not (a) change its name as it appears in its organizational documents and as filed in such Grantor’s jurisdiction of organization, (b) change its chief executive office, principal place of business, mailing address or corporate offices or change or add warehouses or locations at which Collateral is held or stored, or the location of its records concerning the Collateral, in each case from the locations identified on Exhibit A, (c) change the type of entity that it is, (d) change its organization identification number, if any, issued by its state of incorporation or other organization, or (e) change its state of incorporation or organization, in each case, unless the Administrative Agent shall have received at least fifteen days (or such lesser period of time as the Administrative Agent may agree) prior written notice of such change and the Administrative Agent shall have acknowledged in writing that either (1) such change will not adversely affect the validity, perfection or priority of the Administrative Agent’s security interest in the Collateral, or (2) any reasonable action requested by the Administrative Agent in connection therewith has been completed or taken (including any action to continue the perfection of any Liens in favor of the Administrative Agent, on behalf of Lenders, in any Collateral), provided that, any new location shall be in the continental U.S. Such Grantor shall not change its fiscal year except as permitted under the Credit Agreement.

  • Change of Name When the CONTRACTOR asks to change the name in which it holds this Contract with the STATE, the procurement officer of the purchasing agency (hereinafter referred to as the "Agency procurement officer") shall, upon receipt of a document acceptable or satisfactory to the Agency procurement officer indicating such change of name (for example, an amendment to the CONTRACTOR'S articles of incorporation), enter into an amendment to this Contract with the CONTRACTOR to effect such a change of name. The amendment to this Contract changing the CONTRACTOR'S name shall specifically indicate that no other terms and conditions of this Contract are thereby changed.

  • Change of Management Not to make any substantial change in the present executive or management personnel of the Borrower.

  • Change of Name or Location Merchant will not conduct Merchant’s businesses under any name other than as disclosed to the Processor and FUNDER, nor shall Merchant change any of its places of business without prior written consent by FUNDER.

  • Change in Name The Purchaser shall intimate the Seller of any change in its name (on account reasons other than a change in its Control), immediately upon occurrence of name change. The Parties shall thereafter take necessary steps to record such change in the name of the Purchaser in the books and records of the Seller and shall also execute an amendment agreement to the Agreement to record such name change.

  • Prior to a Change in Control If the Final Measurement Date occurs prior to a Change in Control, the Award will be settled in shares of Tyson Class A common stock no later than sixty (60) days after the Final Measurement Date; provided, however, that if the 60-day period for execution and non-revocation of a Release pursuant to Section 3.3 above will span two (2) calendar years, then the settlement of the Award will occur as soon as practicable after, but no earlier than, the first (1st) day of the second (2nd) calendar year.

  • Change of Corporate Name Any and all references in the Indenture and the Securities to OCEAN ENERGY, INC., a Delaware corporation, or the "Company," shall be deemed henceforth to refer to OCEAN ENERGY, INC., a Texas corporation.

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