Divorce or Dissolution. During the pendency of divorce or entity dissolution, both parties must adopt one of the following methods of operation: • One of the parties may, with written consent of the other(s) and with ▇▇▇▇▇ , operate the ▇▇▇▇▇ business, agreeing to deal directly and solely with the other spouse or nonrelinquishing shareholder, partner, or trustee; or • The parties may continue to operate the ▇▇▇▇▇ business jointly on a business-as-usual basis, whereby all compensation paid by ▇▇▇▇▇ will be paid in the joint names of the distributors or in the name of the entity to be divided as the parties may independently agree between themselves. Under no circumstance will ▇▇▇▇▇ split commissions and bonus checks between divorcing spouses or members of dissolving entities. ▇▇▇▇▇ will recognize only one (1) downline organization and will issue only one (1) commission check per ▇▇▇▇▇ business per commission cycle. Commission checks shall always be issued to the same individual or entity. In the event that parties of a divorce or a dissolution proceeding are unable to resolve a dispute over the disposition of commissions and ownership of the business, the Distributor Agreement shall be involuntarily cancelled.
Appears in 1 contract
Sources: Policies and Procedures
Divorce or Dissolution. During the pendency of divorce or entity dissolution, both parties must adopt one of the following methods of operation: • One of the parties may, with written consent of the other(s) and with ▇▇▇▇▇ , operate the ▇▇▇▇▇ business, agreeing to deal directly and solely with the other spouse or nonrelinquishing shareholder, partner, or trustee; or • The parties may continue to operate the ▇▇▇▇▇ business jointly on a business-as-usual basis, whereby all compensation paid by ▇▇▇▇▇ will be paid in the joint names of the distributors or in the name of the entity to be divided as the parties may independently agree between themselves. Under no circumstance will ▇▇▇▇▇ split commissions and bonus checks between divorcing spouses or members of dissolving entities. ▇▇▇▇▇ will recognize only one (1) downline organization and will issue only one (1) commission check per ▇▇▇▇▇ business per commission cycle. Commission checks shall always be issued to the same individual or entity. In the event that parties of a divorce or a dissolution proceeding are unable to resolve a dispute over the disposition of commissions and ownership of the business, the Distributor Agreement shall be involuntarily cancelled.
Appears in 1 contract
Sources: Policies and Procedures
Divorce or Dissolution. During the pendency of divorce or entity dissolution, both parties must adopt one of the following methods of operation: • One of the parties may, with written consent of the other(s) and with ▇▇▇▇▇ TAUKEMAS , operate the ▇▇▇▇▇ TAUKEMAS business, agreeing to deal directly and solely with the other spouse or nonrelinquishing shareholder, partner, or trustee; or • The parties may continue to operate the ▇▇▇▇▇ TAUKEMAS business jointly on a business-as-usual basis, whereby all compensation paid by ▇▇▇▇▇ TAUKEMAS will be paid in the joint names of the distributors or in the name of the entity to be divided as the parties may independently agree between themselves. Under no circumstance will ▇▇▇▇▇ TAUKEMAS split commissions and bonus checks between divorcing spouses or members of dissolving entities. ▇▇▇▇▇ TAUKEMAS will recognize only one (1) downline organization and will issue only one (1) commission check per ▇▇▇▇▇ TAUKEMAS business per commission cycle. Commission checks shall always be issued to the same individual or entity. In the event that parties of a divorce or a dissolution proceeding are unable to resolve a dispute over the disposition of commissions and ownership of the business, the Distributor Agreement shall be involuntarily cancelled.
Appears in 1 contract
Sources: Policies and Procedures
Divorce or Dissolution. During the pendency of divorce or entity dissolution, both parties must adopt one of the following methods of operation: • One of the parties may, with written consent of the other(s) and with ▇▇▇▇▇ OLYLIFE , operate the ▇▇▇▇▇ OLYLIFE business, agreeing to deal directly and solely with the other spouse or nonrelinquishing shareholder, partner, or trustee; or • The parties may continue to operate the ▇▇▇▇▇ OLYLIFE business jointly on a business-as-usual basis, whereby all compensation paid by ▇▇▇▇▇▇▇ will be paid in the joint names of the distributors or in the name of the entity to be divided as the parties may independently agree between themselves. Under no circumstance will ▇▇▇▇▇ OLYLIFE split commissions and bonus checks between divorcing spouses or members of dissolving entities. ▇▇▇▇▇ OLYLIFE will recognize only one (1) downline organization and will issue only one (1) commission check per ▇▇▇▇▇ OLYLIFE business per commission cycle. Commission checks shall always be issued to the same individual or entity. In the event that parties of a divorce or a dissolution proceeding are unable to resolve a dispute over the disposition of commissions and ownership of the business, the Distributor Agreement shall be involuntarily cancelled.
Appears in 1 contract
Sources: Policies and Procedures