Independent Business Owner definition

Independent Business Owner means an individual or organization that meets the minimum criteria to become an Independent Business Owner pursuant to the Agreement. With regard to Business Entities that are Independent Business Owners, the equity holders of such Business Entities shall be subject to the obligations contained in the Agreement, and the fact that an Independent Business Owner is a Business Entity shall not prevent Common Sense Wellness Worldwide from enforcing the Agreement against the individuals who own or control such Business Entity. An individual’s execution of a Common Sense Wellness Worldwide Independent Business Owner Agreement on behalf of a Business Entity shall demonstrate acceptance of the foregoing.
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Independent Business Owner means any independent agent of the Company or its Subsidiary that acts as a salesperson or manages an operation to perform fulfillment services in connection with the Business, including fulfillment with respect to freight shipped by customers of such Independent Business Owner or on behalf of other Sales Agents.
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Independent Business Owner or “IBO” means an individual who is participating in this Compensation Plan via its status as an Active Independent Business Owner, and is eligible to earn Compensation.
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Examples of Independent Business Owner in a sentence

  • An independent contractor who’s Independent Business Owner Application has been accepted by ENZACTA, and is otherwise in good standing.

  • By completing the IBO Application and submitting it to us, you are applying to become an Independent Business Owner of ENZACTA with an initial title of Independent Business Owner or IBO.

  • Accordingly, an Independent Business Owner should consult an attorney to assist him or her in the preparation of a will or other testamentary instrument.

  • This provision shall survive the termination of the Independent Business Owner Agreement.

  • An Independent Business Owner may use such a website provided the website is in strict compliance with Section 8.

  • These terms do not include a fax or e-mail: (a) to any person with that person’s prior express invitation or permission; or (b) to any person with whom the Independent Business Owner has an established business or personal relationship.

  • Life Activated Brands and its Independent Business Owners will be entitled to injunctive relief or to recover damages against any Independent Business Owner who violates this provision in any action to enforce its rights under this section.

  • An Independent Business Owner may operate or have an ownership interest, legal or equitable, as a sole proprietorship, partner, shareholder, trustee, or beneficiary, in only one (1) Life Activated Brands business.

  • An Independent Business Owner has the right to cancel the Agreement at any time.

  • In the event an Independent Business Owner discovers that an Independent Business Owner in their downline has re-enrolled under a different Independent Business Owner, the Independent Business Owner has thirty (30) days from the date the downline Independent Business Owner enrolled under a new Independent Business Owner to notify the Life Activated Brands Compliance department and request the downline Independent Business Owner be transferred back to his/her downline.


More Definitions of Independent Business Owner

Independent Business Owner means an independent contractor who has signed and completed the official TLC Independent Business Owner Application and Agreement and whose Agreement has been accepted by TLC. May also be referred to as an IBO. An IBO is required to meet certain qualifications and is responsible for the training, motivation, support and development of the IBOs in their respective marketing organization. IBOs are entitled to purchase TLC products at wholesale prices, enroll Customers and new IBOs, and participate in the Compensation Plan. Preferred Customers and Direct Retail Customers are not Independent Business Owners. Level – means the layers of downline IBOs in a particular IBO’s marketing organization. This term refers to the relationship of an IBO relative to a particular upline IBO, determined by the number of IBOs between them who are related by sponsorship. For example, if A is the sponsor of B, B is the Sponsor of C, C is the sponsor of D, and D is the sponsor of E, then E is on A’s fourth level. Marketing Organization – means the Independent Business Owners and Customers who are enrolled or sponsored below a particular Independent Business Owner or Customer. Official Total Life Changes Material – means literature, audio or digital recordings and other materials developed, printed, published and distributed by Total Life Changes to Independent Business Owners. Qualifying Sales Volume (QV) – means the commissionable value of Total Life Changes products generated by an Independent Business Owner’s marketing organization, including the Independent Business Owner’s Personal Sales Volume (PV).
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Related to Independent Business Owner

  • Parent Business has the meaning set forth in the Separation and Distribution Agreement.

  • food business operator means the natural or legal persons responsible for ensuring that the requirements of food law are met within the food business under their control;

  • Inactive business operations means the mere continued holding or renewal of rights to property previously operated for the purpose of generating revenues but not presently deployed for such purpose.

  • Active business operations means all business operations that are not inactive business operations.

  • Target Business means any businesses or entity with whom the Company wishes to undertake a Business Combination;

  • Restricted business operations means business operations in Sudan that include power production activities, mineral extraction activities, oil-related activities, or the production of military equipment, as those terms are defined in the Sudan Accountability and Divestment Act of 2007 (Pub. L. 110-174). Restricted business operations do not include business operations that the person (as that term is defined in Section 2 of the Sudan Accountability and Divestment Act of 2007) conducting the business can demonstrate—

  • JV Entity means any joint venture of the Borrower or any Restricted Subsidiary that is not a Subsidiary.

  • Independent Software Vendor or “ISV” means a Person that makes available to Participants and Authorized Traders a system or platform offering smart order routing, front-end trading applications, an aggregation platform or a combination of the foregoing but that does not provide Participants or Authorized Traders with the ability to effect transactions other than through the Trading System.

  • Subject Business means the policy or policies that are

  • Trust business means the business of acting as trustee, executor or administrator;

  • Significant business transaction means any business transaction or series of transactions that, during any one fiscal year, exceeds the lesser of $25,000 or 5 percent of the total operating expense of a provider.

  • Project Company means Company incorporated by the bidder as per Indian Laws in accordance with Clause no 3.5.

  • Eligible business means a business located within the counties of Cook, DuPage, Kane, Lake, McHenry or Will in the State of Illinois (the “Six County Region”), and as to which: (1) a majority of the business' fleet is located and used within the Six County Region; and (2) a majority of those vehicles located and used within the Six County Region are alternatively powered vehicles.

  • Independent living services means services and activities provided to a child in foster care 14 years

  • Company Business means the business of the Company as presently conducted.

  • Separate Business means each of the activities of the Licensee connected

  • Related Business Assets means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided that any assets received by the Issuer or a Restricted Subsidiary in exchange for assets transferred by the Issuer or a Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary.

  • Transferred Business has the meaning ascribed to such term in the Separation Agreement.

  • Excluded Business means a Business excluded from application for an Inter- Community Business Licence and includes those Businesses referred to in Schedule A attached hereto and forming part of this bylaw.

  • Independent Assets or Operations means, with respect to any Parent Company, that Parent Company’s total assets, revenues, income from continuing operations before income taxes and cash flows from operating activities (excluding in each case amounts related to its investment in the Borrower and the Restricted Subsidiaries), determined in accordance with GAAP and as shown on the most recent balance sheet of such Parent Company, is more than 3.0% of such Parent Company’s corresponding consolidated amount.

  • Subject Company shall have the meaning set forth in Section 6.10(a).

  • Disadvantaged Business Enterprise (DBE) means a small business concern pursuant to ORS 200.005(1), which is at least 51 percent owned by one or more socially and economically disadvantaged individuals, or, in the case of any corporation, at least 51 percent of the stock of which is owned by one or more socially and economically disadvantaged individuals and whose management and daily business operations are controlled by one or more of the socially and economically disadvantaged individuals who own it.

  • Transition Property means the property right created by a financing order, including without

  • Approved Entity means a body corporate that is incorporated or established under the laws of an OECD member state and which, on the occurrence of the Relevant Event, has in issue Relevant Shares.

  • Excluded Entities has the meaning set forth in Section 2.2(b)(iv).

  • Environmental Management Framework or “EMF” means the policy framework for environmental management, approved by the Project Implementing Entity’s Board of Directors on July 21, 2009, which sets forth the environmental policies and procedures that shall apply to the carrying out of the Project.