Separating a Magneceutical Health Business Sample Clauses

Separating a Magneceutical Health Business. A. Pending a divorce or dissolution of a partnership or other business entity, the parties must adopt one of the following methods of operation: I. One of the parties may, with the written consent of the other(s), operate the Magneceutical Health business whereby the relinquishing spouse, shareholders, partners, members or trustees authorize the Company to deal directly and solely with the other spouse, non-relinquishing shareholder, partner, member or trustee; II. The parties may continue to operate the Magneceutical Health business jointly on a “business as usual” basis, whereupon all compensation paid by the Company will be paid in the name designated as the Wellness Advisors or in the name of the entity to be divided, as the parties may independently agree between them. If no name is stipulated, the Company will pay compensation to the name on record and in such event; the Wellness Advisor named on the account shall indemnify the Company from any claims from the other business owner(s) or the other Spouse with respect to such payment. B. The Company recognizes only one Downline organization and will issue only one commission check per Magneceutical Health business per commission cycle. Under no circumstances will the Downline of an organization be divided, nor will the Company split commission and/or bonus checks. C. If a relinquishing Spouse, partner or owner of the business has completely relinquished (“Relinquishing Party”), in writing, all rights to the original Magneceutical Health business, he or she may immediately thereafter re-enroll under the Sponsor and Placement of his or her choice. In such cases, however, the Relinquishing Party shall have no rights to, and shall not solicit, any Wellness Advisor or active Customer in the former organization and must develop a new business in the same manner as any other new Wellness Advisor. A Wellness Advisor in the Relinquishing Party’s former Downline who wishes to transfer to the Relinquishing Party’s new organization or to any other organization, must comply with the requirements in Section 13.5.
Sample 1
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Related to Separating a Magneceutical Health Business

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