**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.
TBD% 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
B. LAB.co Directorship Referral Bonus -
10% on any new quarterly memberships
III. Weekly “Pilot” Wellness Bonus – up to $50 per week in Wellness Reimbursement (Gym memberships, personal training, Spa treatments, grooming, and nutrition programs.). Based on performance if “pilot” hits 100% or more of weekly campaign goal.
A. Achieve 100% of “annual” campaign target, you receive 1 Wellness Credit
B. Achieve 133% of “annual” campaign target, you receive 3 Wellness Credits
C. Achieve 166% of “annual” campaign target, you receive 5 Wellness Credits
IV. Additional
A. JUNIOR DIRECTOR must meet minimum weekly “Pilot” v-office responsibilities and campaign support raise of >$250 per week to meet draw requirements and 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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