Diamond Level Accrual Sample Clauses

Diamond Level Accrual. If Distributor elects to defer the purchase or lease of a vehicle upon reaching the Paid-As-Rank of Diamond, the Distributor may accrue ₺3.200 per month toward the purchase or lease of a car for up to twenty-four months. Therefore, the Distributor may have a maximum of ₺87,600 available for the purchase or lease at the end of two years (₺3.200 per month, multiplied by twenty-four months is ₺76,800, plus the ₺10.800 down payment). If the Distributor does not purchase or lease a qualified car within twenty-five months from the Effective Date, this Agreement shall be terminated, and Distributor shall receive nothing. Distributor will accrue ₺3.200 each month he or she achieves Paid-As-Rank Diamond or above until opting for a car or the accrual deadline is met. The accrual amount per month will not change unless the Distributor qualifies for the Green Diamond level at which time the Distributor will be required to opt for a car. If Distributor reaches Paid- As-Rank Ruby or Emerald while enrolled in the Diamond level accrual the Distributor will accrue at the Ruby level (₺2.200 per month) for each month he or she remains below Paid-As-Rank Diamond. If the Distributor falls below Paid-As-Rank Ruby the Distributor will not accrue any payment that month.
Sample 1
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