Page 42 - SG_English HandBook
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Compensation Plan for Independent Distributor





                 CHAPTER 5

                 Compensation Plan for Independent Distributor




          5.1  Structure of the Direct Sales Organization

              •  Nefful International’s Independent Distributor Organization is comprised of six titles: Consultant, Manager, Area Manager, Area
                 Manager Plus, Area General Manager and Nefful Executive Top Leader. Independent Distributors will be advanced based solely
                 on their organization and sales volume, and duration of their participation is inconsequential.
              •  For those who want to join Nefful International’s businesses outside their registered country, they must complete the
                 International Sponsorship Agreement.
              •  For the purposes of title advancement, the Independent Distributor’s sales volume is calculated based on its value in New
                 Taiwan Dollar (NT$). The sales volume exchange rate for sales in Singapore Dollars is 21.6607.
              •  All sales volume stated in this handbook have been converted to Singapore Dollars.
              •  The Company reserves the right to amend the sales volume exchange rate.




                                                                  NET        Nefful Executive Top Leader

                                                           AGM               Area General Manager


                                                    AM   +                   Area Manager Plus


                                              AM                             Area Manager


                                        M                                    Manager


                                C                                            Consultant


          5.2  Types of Commission
              •  Organization Bonus, Leadership Bonus, AGM Incentive Bonus, Nefful Executive Top Leader Bonus.

          5.3  Commission Payment Schedule
              •  The commission of an Independent Distributor shall be directly transferred to the Independent Distributor’s bank account on
                 the 10th of the following month.
              •  If the Independent Distributor does not provide information on direct deposit, the commission will be retained by the Company
                 for a maximum of two (2) years, and those who fail to collect the commission after two (2) years will be deemed to have waived
                 their right of receipt.

          5.4  Calculation of Commission

              •  The commission of an Independent Distributor is calculated monthly based on his or her pin title and sales volume of the
                 Independent Distributor’s organization.
              •  The calculation period of monthly sales volume is from the first day of the month to the sales closing day of the same month.
              •  Immediately after a title advancement, the commission percentage will remain the same until the effective date of said title
                 advancement, all sales volume prior to said effective date will still be calculated based on the Independent Distributor’s previous
                 pin title.

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