Common use of Change of Sponsorship Clause in Contracts

Change of Sponsorship. To protect the integrity of all marketing organizations and safeguard the hard work of all Independent Representatives, MSTG Solutions, Inc. strongly discourages changes in sponsorship. Maintaining the integrity of sponsorship is critical for the success of every Independent Representative and market organization. Accordingly, the change of a MSTG Solutions, Inc. business from one sponsor to another is rarely permitted. Requests for changes of sponsorship must be submitted in writing to the Compliance Department and must include the reason for the change. Changes will be considered only in the following circumstances: o In cases involving fraudulent inducement or unethical sponsoring, an Independent Representative may request that he or she be changed to another organization with his or her MSTG SOLUTIONS - POLICIES AND PROCEDURES entire marketing organization intact. All requests for change alleging fraudulent enrollment practices shall be evaluated on a case-by-case basis, with MSTG Solutions, Inc. having the final decision whether such infraction occurred. o The Independent Representative seeking to change submits a properly completed and fully executed Sponsorship Change Form (available by faxed request to the Compliance Department), which includes the written approval of all parties (up to seven [7] levels of active Independent Representative uplines), whose income will be affected by the change. Photocopied or facsimile signatures are not acceptable. All Independent Representatives' signatures must be notarized. The Independent Representative who requests the change must submit a non-refundable $50.00 for administrative charges and data processing. If the changing Independent Representative also wants to move any Independent Representative in his or her marketing organization, each downline Independent Representative also must obtain a properly completed Sponsorship Change Form and return it to MSTG Solutions, Inc. with the non-refundable $50.00 change fee (i.e., the cost to move an MSTG Solutions, Inc. business). o Downline Independent Representatives will not be moved with the changing Independent Representative unless all of the requirements of this paragraph are met. Changing Independent Representatives must allow thirty [30] days after the receipt of the Sponsorship Change Form for processing and verifying change requests. Final approval rests with MSTG Solutions, Inc.

Appears in 1 contract

Sources: Independent Representative Agreement (MSTG Solutions Inc)

Change of Sponsorship. To protect the integrity of all marketing organizations and safeguard the hard work of all Independent Representatives, MSTG Solutions, Inc. strongly discourages changes in sponsorship. Maintaining the integrity of sponsorship is critical for the success of every Independent Representative and market organization. Accordingly, the change of a MSTG Solutions, Inc. business from one sponsor to another is rarely permitted. Requests for changes of sponsorship must be submitted in writing to the Compliance Department and must include the reason for the change. Changes will be considered only in the following circumstances: o In cases involving fraudulent inducement or unethical sponsoring, an Independent MSTG SOLUTIONS - POLICIES AND PROCEDURES o Representative may request that he or she be changed to another organization with his or her MSTG SOLUTIONS - POLICIES AND PROCEDURES entire marketing organization intact. All requests for change alleging fraudulent enrollment practices shall be evaluated on a case-by-case basis, with MSTG Solutions, Inc. having the final decision whether such infraction occurred. o The Independent Representative seeking to change submits a properly completed and fully executed Sponsorship Change Form (available by faxed request to the Compliance o Department), which includes the written approval of all parties (up to seven [7] levels of active Independent Representative uplines), whose income will be affected by the change. Photocopied or facsimile signatures are not acceptable. All Independent Representatives' signatures must be notarized. The Independent Representative who requests the change must submit a non-refundable $50.00 for administrative charges and data processing. If the changing Independent Representative also wants to move any Independent Representative in his or her marketing organization, each downline Independent Representative also must obtain a properly completed Sponsorship Change Form and return it to MSTG Solutions, Inc. with the non-refundable $50.00 change fee (i.e., the cost to move an MSTG Solutions, Inc. business). o Downline Independent Representatives will not be moved with the changing Independent Representative unless all of the requirements of this paragraph are met. Changing Independent Representatives must allow thirty [30] days after the receipt of the Sponsorship Change Form for processing and verifying change requests. Final approval rests with MSTG Solutions, Inc.

Appears in 1 contract

Sources: Policies and Procedures (MSTG Solutions Inc)