Only one registration. (i.e. one ID number) shall be permitted for each natural or legal person. The residential or business address (regis- tered office) of the Marketer must be stated in the registration. Multiple registrations made to obtain unjustified benefits from the Lyconet Compensation Plan shall entitle Lyconet to terminate the contractual relationship for good cause and to withdraw the benefits obtained in this manner. In the event of multiple registrations, the ID numbers last registered shall be deleted. Any benefits from the Lyconet Compen- sation Plan obtained solely by means of multiple registrations shall be forfeited.
Appears in 1 contract
Sources: Lyconet Agreement for Independent Lyconet Marketers
Only one registration. (i.e. one ID number) shall be permitted for each natural or legal person. The residential or business address (regis- tered office) of the Marketer must be stated in the registration. Multiple registrations made to obtain unjustified benefits from the Lyconet Compensation Plan (as definded in Annex 1) shall entitle Lyconet to terminate the contractual relationship for good cause and to withdraw the benefits obtained in this manner. In the event of multiple registrations, the all ID numbers last registered after the first one shall be deleted. Any benefits from the Lyconet Compen- sation Compensation Plan obtained solely by means of multiple registrations shall be forfeited.
Appears in 1 contract
Sources: Lyconet Agreement for Independent Lyconet Marketers