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Copyright © 2017 SALT WAVE ™ - Halotherapy

 

DISCLAIMER: All content on this site is for reference purposes and is not a substitute for advice from a licensed health-care professional. You should not rely solely on this content, and SALT WAVE assumes no liability for inaccuracies. Always read directions before using  services that have not been evaluated. Salt Therapy and any therapy seen on this website are not an alternative therapy or treatment for any medical condition. Please consult with your physician or other healthcare professional regarding any medical or health-related diagnosis or treatment options.

Section 2: Definitions

Active: 

A SALT WAVE CLUB MEMBER who has purchased SALT WAVE  products within the past twelve months. 

 

Annual Renewal Fee: 

 A fee that is required to be paid by a SALT WAVE CLUB MEMBER to the Company to renew his or her Distributorship each year on the SALT WAVE CLUB MEMBER`S anniversary signup date.

 

Bonus: 

 Compensation (sometimes called “commissions”) paid by the Company to a SALT WAVE CLUB MEMBER based on the volume of services and products sold by a SALT WAVE CLUB MEMBER`S organization upon meeting the requirements of the SALT WAVE  Sales Compensation Plan.  See, Section 10.

 

Business Application Addendum:

A supplemental document to the SALT WAVE CLUB MEMBER Agreement Form.  The Business Application Addendum must be completed and signed by a partnership, corporation, or other legal entity (see Corporation) applying to become a SALT WAVE CLUB MEMBER.  The Business Application Addendum should list all Persons who are partners, shareholders, principals, officers, beneficiaries, directors or members of a Corporation.

 

Company:  

Company or “SALT WAVE” means SALT WAVE. 

Company Credit:  Company Credit is a SALT WAVE CLUB MEMBER'S account receivable balance.  Company Credit can be used to purchase product or can be redeemed for cash (compare, Product Credit).

 

Contract: 

The agreements between a SALT WAVE CLUB MEMBER and the Company comprised of this Policy Manual and the SALT WAVE CLUB MEMBER Agreement Form together with any Business Application

Addendum.

 

Corporation: 

Any business entity such as a corporation, partnership, limited liability company, or other form of business organization legally formed under the laws of the state in which it was organized.

 

Customer:  

The term “Customer” includes Wholesale Customers. 

 

Distributorship:

The term Distributorship is another term for the business of any SALT WAVE CLUB MEMBER, as represented by a SALT WAVE CLUB MEMBER`S contractual relationship with the Company. 

SALT WAVE  Intellectual Property:

SALT WAVE  Intellectual Property means all intellectual property which

SALT WAVE  or an affiliated company claims to own, or claims a right to use, including but not limited to trademarks, trade names, service marks, and content of its publications, whether registered with relevant governmental authorities or not.

Downline: 

Another term for Organization.

Enrollee: 

An Enrollee is a SALT WAVE CLUB MEMBER who was enrolled by an Enroller.

 

Enroller:

Enroller is a designation that entitles a SALT WAVE CLUB MEMBER to qualify for Ranks and Fast Start Bonuses in the Sales Compensation Plan.  Enrollers also enjoy the ability to identify a new SALT WAVE CLUB MEMBER`S Sponsor within the Enroller’s Organization.  An Enroller can also be the Sponsor (compare, Sponsor).

 

Local Market: 

A single country or grouping of countries that the Company designates. 

 

Loyalty Rewards Program:

The Loyalty Rewards Program (LRP) is a product ordering program wherein a

SALT WAVE CLUB MEMBER can set up automatic monthly deliveries of SALT WAVE  products, and which may qualify a SALT WAVE CLUB MEMBER to receive Product Credits and other benefits in the Sales Compensation Plan (see, Section 10.B.7).

Open Local Market: 

A country or geographical region designated in writing by the Company as officially open for SALT WAVE  business. 

Organization: 

The group of SALT WAVE CLUB MEMBER sponsored in a SALT WAVE CLUB MEMBER`S direct and subsequent downline chain of sponsorship.  

Person:

An individual, Corporation, partnership, or other legal entity. 

 

Ranks: 

Designations (levels) earned by and given to SALT WAVE CLUB MEMBER in the Company’s Sales Compensation

 

Plan structure, including:

DISTRIBUTOR, BRONZE AGENT, SILVER AGENT, GOLD AGENT,

PLATINUM AGENT, BRONZE DIRECTOR, SILVER DIRECTOR, GOLD DIRECTOR, PLATINUM DIRECTOR, MANAGER DIRECTOR, SUPER DIRECTOR.  Ranks are earned and determined each month.

 

Policy Manual: 

Another term for Contract.

Product Claims: 

Claims related to the efficacy or effect of SALT WAVE  products.  Product claims are regulated by federal, state, or local governments in which the SALT WAVE CLUB MEMBER does business, including the Food and Drug Administration, Federal Trade Commission, or similar governmental agencies in the jurisdiction of the SALT WAVE CLUB MEMBER.  

Sales Aid: 

Any material, whether physically printed or in digital form, used in the offer or sale of Company products, recruitment of prospective SALT WAVE CLUB MEMBER, or training of SALT WAVE CLUB MEMBER, which makes reference to the Company, the Company products, the Sales Compensation Plan, or SALT WAVE 

Intellectual Property. 

 

Sponsor:

A SALT WAVE CLUB MEMBER who has another SALT WAVE CLUB MEMBER placed directly                        underneath him in his Organization (compare, Enroller).

SALT WAVE CLUB MEMBER:

A person who is an independent contractor authorized by the Company to purchase and retail products to Customers, recruit other SALT WAVE CLUB MEMBER, and receive Bonuses in accordance with the requirements of the Sales Compensation Plan.  A SALT WAVE CLUB MEMBER`S relationship to the Company is governed by the Contract.  More than one Person may be included on a Distributorship as a co-applicant.  In such a case, SALT WAVE CLUB MEMBER refers to all Persons collectively, although each Person individually has all the SALT WAVE CLUB MEMBER rights and obligations. 

 

SALT WAVE CLUB MEMBER Agreement Form: 

The application, whether in printed or electronic form, to become a SALT WAVE CLUB MEMBER which, upon acceptance by the Company, is part of the Contract between the

SALT WAVE CLUB MEMBER and the Company. 

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