Distributors are required to observe our Code of Ethics at all times.The Company reserves the right to terminate distributorship at any time for any violation. Upon enrollment, distributors are expected to pledge the following : 1. That 1 will follow the highest standards of honesty and integrity in the VMPL* Business. 2. I will present the Company's marketing plan accurately and honestly, clearly por traying the level of effor t required for achieving success. I shall not use misleading, false, deceptive, and/or unfair recruiting practices, including misrepresentation of actual or potential sales or earnings and advantages of the business to any prospective distributor, during interaction with them. 3. I will not make negative or disparaging remarks about the Company, its products, officers, employees or other people and products. I will be respectful to the Company as well as the direct selling business. 4. I will not sell the products of VMPL* through retail outlets. 5. I will not instigate, encourage, indulge and/or guide downlines for bonus rebate/refund of commission. I will not encourage distributors recruited by me to purchase goods/services/ The following Rules & Regulations of VMPL* General Trading LLC (the Company) are formulated and implemented for safeguarding rights and dignity of the distributors while regulating conduct of business. In order to mould yourself as a responsible and ethical distributor of VMPL*, you must understand and abide by the Policies/Rules and Regulations of the Company; any violation of the same can result in termination of your distributorship. The Company reserves the right to amend its Policies, Rules and Regulations without issuing prior notice or clarification.You are expected to visit the Company's website from time to time and keep yourself abreast with updated policies, rules and regulations. literature or sales demonstration equipment in unreasonably large amounts. 6. I will not use the Company's trade name(s), information, literature, adver tising material, and gathering of people or other resources including Intellectual Proper ty to introduce and promote interests of any entity other than the Company. 7. I will strive to ensure that my customers and fellow distributors are satisfied with the Company's products and my services. 8. I will abide by the VMPL* distributor's Rules and Regulations at all times. 12. I shall take appropriate steps to ensure the protection of private information provided to me by the consumers. 10. During distributorship and thereafter, I will not do anything that may adversely affect the Company, its reputation and business interests. 9. I will not resor t to any fraudulent act in promoting the Company's business at the expense of the Company and fellow distributors. 11. I shall not use misleading, deceptive, and/or unfair trade practices. a. Individuals aged 21 years and above can apply to be a distributor of the Company. b. The Company has absolute discretion to decide whether to accept or reject an application. c. Distributor of the Company is not an agent, representative or employee. The relationship is on principal to principal basis. d. All applications must be sponsored by an existing distributor. e. Wife and husband constitute a single unit for the purposes. f. Son or unmarried daughter of a distributor can join the Business with their independent ID if the line of sponsorship is under their Family^^ ID. Similarly any of the family members can join under their son/unmarried daughter. 1 Eligibility to Become a Distributor c. It is mandatory for the distributors to provide their address and bank details. They must also send to us information as per Company Guidelines if there is any change in their address/bank details/mobile no/email id. a. Bonus for all distributors is computed once in a calendar month, and commensurate with the business done in the relevant business month. Pay outs will be issued by the Company to the registered distributors as per Company’s policy. b. On receipt of monthly payout distributors should check accuracy of computation. Any queries in this respect should be made within 14 days from the date of issuance of payout by the Company. In the absence of such queries the figures mentioned in the statement shall be final and binding. d. In order to receive Bonus, the distributor must mandatorily provide his/her Bank Details toVMPL*. In case the distributor fails to provide the Bank Details, VMPL* reserves the right to withhold the bonus amount. 2 Bonus Payment 3 Procedures for Dealing with Instances of Violation The Company provides guidance and advice to deal with situations involving breaches and violation of its policies and these rules and regulations. The Company shall also take appropriate action against the distributor(s) involved. In the event of any violation, the following procedure needs to be observed: c. In case of inadequate information, the Company may request for more details from either par ty. a. A complaint has to be lodged immediately upon knowing about violation of any Policies/Rules and Regulations of the Company. The complaint must be given in writing by giving details of the alleged violation, also he/she must inform his/her upline about the complaint. b. Upon receiving the complaint, the company shall immediately notify the distributor involved, requesting a swift response by way of a chance to explain his/her case. Company may in appropriate cases institute such action suo motu. d. If the Company is convinced that the only way to restore normalcy is to suspend or terminate distributorship, it shall convey its decision by writing a letter to the distributor concerned. The letter shall be posted through Registered mail/ Courier to the last known address of the distributor as listed in Company's database and the post mark shall be taken as proof of receipt.The Company reserves the right to take necessary action against the terminated distributor including seeking compensation, recovery, damages and legal costs incurred, if any. However, the Company reserves the right to amend or modify any par t of the above decision if and when such a need is felt by the Company. C O D E O F E T H I C S P O L I C I E S / R U L E S + R E G U L A T I O N S 11 4 Renewal of Distributorship 1. The Company does not charge any renewal fee. Distributorship is discontinued if the distributor resigns and if the resignation is accepted by the Company.The distributorship is terminated by the Company if the distributor does not conduct any Business with the Company for more than two years or for any violations of Company policies. 2. In the above cases the distributor will be required to put for th his/her claims within one month of the date of the above happenings, thereafter no claim will be enter tained. The claims will be settled as per Company's Policy. 3. The limitation period of claiming any amount due to the distributor by VMPL* shall be three years. No claims after a period of three years from the due date shall be enter tained by VMPL*.
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