We updated our Policies as of Monday, January 6, 2020 - check out the following Sections of the Policies and Procedures in your Virtual Office for updates (Information Center > Resources > Legal Documents > Policies and Procedures)
Section 2.1.B - Requirements to Become an IR - We expanded the explanation of "reside in open market."
Section 2.4 - Terms and Renewal of a PlanNet Marketing Business - Hyperwallet/Paylution Accounts with a positive balance will no longer be closed after cancellation.
Section 4.4.E - Web Policy, Social Networking Sites - Added a policy about Social Media Groups used for PlanNet Marketing business.
Section 4.7 - Unsolicited Email and Fax Communication - Added a clause requiring prior informed consent of a person before sending them marketing communication.
Section 5.7 - Income Taxes - Added an explanation of Hyperwallet/Paylution Tax Verification system for US Reps and tax waiver requirement for non-US Reps.
Section 5.11 - One PlanNet Marketing Business - Spouses are now allowed only ONE Rep account they may work together. See definition of "spouses" within the Policies.
Section 8.1 - Bonus and Commission Qualifications - Added Hyperwallet/Paylution Account remains open indefinitely, abandoned funds are considered unclaimed property and must legally be treated as such.
Section 11 - Frustration of Purpose - Added a clause that if a person is ineligible to be an Agent, for any reason, they are also ineligible to be a Rep.
Section 13 - Open Markets - Added a full list of our open markets/countries.
Email Compliance@plannetmarketing.com with any questions about these updates or any of our Policies.
~Amanda Restivo, Vice President, Compliance -- arestivo@plannetmarketing.com
Set your reminder for every Friday to take a few minutes to read the newest PlanNetNow! Don’t miss the latest announcements, recognitions, and the motivation this important communication provides. See you next Friday!
