SENIOR DIRECTOR - "CHAPTER PILOT"

DIRECTORSHIP COMPENSATION PLAN

**Disclaimer - this is a non legally binding sample contract used for demonstration purposes only.**


The Company unconditionally reserves the right to change the terms and conditions of its Compensation Plan and any components thereof at any time. 


I. LAB.co Leadership Royalty: 10% of all in-network revenues are to be paid to LAB.co “the company” in monthly installments in accordance with the Company's usual payroll practices.


A. "Lodge" Campaign Commission:

$10 for every *qualified in-network client referral. *(5) minute minimum call time to qualify.

TBD% of net profit from any campaign client close


B. “Chapter” Campaign Commission:

$10 for every *qualified in-network client referral. *(5) minute minimum call time to qualify.

10% of total down-line revenue

100% of net profit from any campaign client close


LAB will not pay out performance bonuses to Contractors who are not employed by, or not in good standing with, LAB on the date of the scheduled bonus payout. The terms of your compensation plan are as follows:


II. LAB.co Campaign Bonus: 

*must have minimum of (2) v-office hours logged to qualify


A. Innovatorslist.com Membership Referral Bonus

10% on any new quarterly memberships

15% on any new annual memberships +

20% on initiation pen


B. LAB.co Directorship Referral Bonus -

10% on any new Test Flights

10% on any new quarterly memberships


III. Weekly “Pilot” Leadership Bonus -  $25 - $100 per Junior Director (JD), per week. 

*must have minimum of (3) Junior Directors staffed to qualify

A. If "Pilot" achieves 100% of campaign target, you receive $25 Bonus

B. If "Pilot" achieves 175% of campaign target, you receive $50 Bonus 

C. If "Pilot" achieves 250% of campaign target, you receive $100 Bonus 


IV. Weekly “Chapter” Wellness Bonus – up to $75 per week in Wellness Reimbursement (Gym memberships, personal training, Spa treatments, grooming, and nutrition programs.). Based on performance if “Chapter” hits 100% or more of weekly campaign goal.

*must have minimum of (6) Junior Directors staffed to qualify

A.  If your “Chapter” raises $500 in campaign support, you receive 1 Wellness Credit 

B.  If your “Chapter” raises $750 in campaign support, you receive 3 Wellness Credits

C.  If your “Chapter” raises $1,500 in campaign support, you receive 5 Wellness Credits


V. Weekly “Lodge” Performance Bonus - $25 - $125 corporate expense reimbursement. Based on performance if “lodge” hits 100% or more of weekly campaign goal.

*Via corporate expense card. *must have minimum of (9) Directors staffed to qualify

A.  If your “Lodge” achieves 100% campaign goal, you receive $25 for the next week’s corporate reimbursement credit. 

B.  If your “Lodge” achieves 125% campaign goal, you receive $75 for the next week’s corporate reimbursement credit.

C.  If your “Lodge” achieves 150% campaign goal, you receive $125 for the next week’s corporate reimbursement credit.


VI.    Additional

A. SENIOR DIRECTOR must meet minimum weekly “Chapter” v-office responsibilities and campaign support raise of >$500 to be eligible for weekly “wellness” bonus.


Should you accept the Company’s offer, you will be eligible to participate in the Company’s commission plan after completion of a (15) hour training orientation.  After 15 business days you will be eligible to participate in the Company “Wellness Reimbursement” plan.


You are entitled to “Wellness Credit” benefits according to the following schedule:


Schedule Benefit Entitlement

Junior Director up to $200 a month

Senior Director up to $300 a month


Wellness Reimbursement credit will be issued monthly. To qualify you must show proof of attendance and qualified service rendered as required by your position.


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