GROW TH 2018 INCENTIVE PROGRAM - Amway.co.nz
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Personal & Frontline Awards Program Grow your personal and frontline volume to be in the running for more earnings! Performance Year: PY 2018 Qualification Period: 1 September, 2017 to 31 August, 2018 This program is for all IBOs. Simply grow the total number of personal and/or frontline Qs (qualifying growth months) you achieve in PY 2018 above what you achieved in PY 2017 to receive a payment (please see payment schedule below) What is a Personal / Frontline Q? Volume Personal Q Frontline Q Total # of Q 7,500 PGV with no qualified legs 1 0 1 3,250 PGV plus 1 x qualified leg 0 1 1 5,000 PGV plus 1 x qualified leg 1 1 2 150 PGV plus 2 x qualified legs 0 2 2 5,000 PGV plus 2 x qualified legs 1 2 3 150 PGV plus 3 x qualified legs 0 3 3 5,000 PGV plus 3 x qualified legs 1 3 4 The following examples below indicate what happens when PGV amounts multiply. Volume Personal Q Frontline Q Total # of Q 15,000 PGV with no qualified legs 2 0 2 22,500 PGV with no qualified legs 3 0 3 10,000 PGV plus 1 x qualified leg 2 1 3 10,000 PGV plus 2 x qualified legs 2 2 4 10,000 PGV plus 3 x qualified legs 2 3 5 • Where an IBO has one or more qualified legs AND achieves Ruby Volume (15,000PGV or more) they will only be entitled to receive a maximum of 2 x Personal Q’s. Personal & Frontline Q Program Payment Schedule Not a qualified Platinum in PY 2017 Qualified Platinum or above in PY 2017 $1000 for each Q you achieve above the total $2,000 for each Q you achieve above the total number number of Qs you achieved in PY 2017 of Qs you achieved in PY 2017 • You must have at least 150 PPV in ALL qualifying Q months. • All payments will be made progressively once you have requalified at the pin level you achieved in PY 2017. • All New Zealand qualifiers will be paid in Australian dollars which will then be converted to the equivalent amount in New Zealand dollars at the time of payment. GIP 2018
Great Business Seminars coming your way... Achievers 2018 is going to the Ritz Carlton, Nusa Dua! How to qualify for Achievers 2018 Nusa Dua? Previously qualified events? Achievers Qualified Months Required? Never qualified Q8 Q9 Qualified once or Qualified twice and Q10 Q12 More than twice and and Or via Volume Equivalency with at least 10 x Achievers Qualified Months plus at least 108,000 PGV. Emerald Bonus/Rebate Recipients receive an automatic qualification. What is an Achievers Qualified Month? Achieve a minimum of 150 PPV plus... 7,500 PGV or 3,250 PGV plus 1xQ leg or 2,000 PGV plus 2xQ leg or 1,000 PGV plus 3xQ legs • You must also qualify at least Platinum pin. *STOP PRESS All Achievers 2018 Nusa Dua qualifiers with an initial target of 8 x Achievers Qualified Months, must achieve a minimum of 6 x Achievers Qualified Months plus a minimum of two 15% bonus/rebate schedule months. All other Achievers 2018 Nusa Dua qualifiers with initial targets of 9, 10 or 12 Achievers Qualified Months may count a maximum of one 15% or more bonus/rebate schedule month towards their required Achievers Qualified Months targets. NEW EMERALD UBUD GETAWAY! New Emerald Bonus Recipients and Emerald Rebate Recipients in 2018 will be whisked away to Ubud, the cultural heart of Bali located in the cool mountains, for 3 luxurious nights at a five-star resort, as an addition to Achievers 2018 Nusa Dua. Accommodation, meals, transfers and a fantastic activities package are all included!
Gold Coast in October 2018 Stay 3 days and 2 nights in luxury while you take your business to the next level with exclusive business training. At your nearest Amway Business Centre in April 2018. Join your State Sales Manager in Australia or Senior Manager in New Zealand to get a glimpse of some high level training and insight into New Gold & Silver Producer Seminar important forthcoming business, product, training and digital initiatives. Amway 60th Anniversary is an exclusive Diamond Invitational Event at Las Vegas in May 2019 Qualify as a Diamond and you can be on your way! Amway 60th Anniversary GIP 2018
PY 2018 One Time Cash Awards for 9% and 12% First Time 9% Performance Bonus Schedule level* plus minimum 1500 PGV $500 First Time 12% Performance Bonus Schedule level* plus minimum 2500 PGV $1000 *You must hit 9% for the very first time together with minimum 1500 PGV or 12% for the very first time together with minimum 2500 PGV. First time will be measured as not having been at these bonus schedule levels in the past 3 qualification years - PY 2017, PY 2016, PY 2015. *BSP (Balanced Sustainable and Profitable) rules apply. *Further, to be eligible an IBO must have minimum 2 bonus paying legs in month of qualification. Where an IBO has in history achieved more than 12% level are not eligible to participate in a 9% OTCA payment; and where they have in history been 15% or higher they are not eligible to participate in a 12% payment. Terms and Conditions apply.
Founders Achievement Awards(FAA) These annual cash awards are presented to those IBOs who demonstrate extraordinary business development and exhibit high ethical and business standards. There is a New FAA Program being introduced this year as well - please see page 7 for further details. Both FAA programs will be monitored simultaneously for the next three years 2018,2019,2020. Eligible recipients will be paid and rewarded on whichever FAA program offers them the higher of the two FAA rewards. How to Calculate FAA credits International Legs Credits Domestic Legs Credits #2 Businesses Q12 Leg 1.0 #2 Q12 leg 1.0 EBR Leg 1.5 #2 EBR 1.5 DBR Leg 3 #2 DBR 3 Other Q12 International leg 0.5 Existing FAA Program FAA Points Range AU Payment NZ Payment 8 leg credits AU$44,000 NZ$45,000 12 leg credits AU$88,000 NZ$90,000 16 leg credits AU$176,000 NZ$180,000 20 leg credits AU $264,000 NZ $270,000 25 leg credits AU $352,000 NZ $360,000 30 leg credits AU $528,000 NZ $540,000 35 leg credits AU $704,000 NZ $720,000 40 leg credits AU $880,000 NZ $900,000 45 leg credits AU $1,056,000 NZ $1,080,000 50 leg credits AU $1,232,000 NZ $1,260,000 55 leg credits AU $1,408,000 NZ $1,440,000 60 leg credits AU $1,584,000 NZ $1,620,000 65 leg credits AU $1,760,000 NZ $1,800,000 70 leg credits AU $1,936,000 NZ $1,980,000 GIP 2018
PY 2018 One Time Cash Awards These annual cash awards are presented to those IBOs who demonstrate extraordinary business development and exhibit high ethical and business standards. AWARD AU$ NZ$ Double Diamond $66,000 $67,500 Founders Double Diamond $88,000 $90,000 Triple Diamond $110,000 $112,500 Founders Triple Diamond $132,000 $135,000 Crown $176,000 $180,000 Founders Crown $220,000 $225,000 Crown Ambassador $264,000 $270,000 Founders Crown Ambassador $308,000 $315,000
THE NEW Founders Achieverment Award Rewarding balanced, sustainable business
THE NEW PROGRAM COMMITTED TO WAS DESIGNED YOUR WITH SIX KEY SUCCESS PRINCIPLES IN MIND: ALIGN WITH CORE PLAN REWARD LEADERS FOR BUSINESS BUILDING EFFORTS Since our founding in 1959, Amway has been committed to enabling success for our ABOs. Our founders, Rich DeVos and Jay Van Andel, started Amway REWARD ACTIVE & DIRECT as a way to help people everywhere start their own business and achieve their full potential. MARKET INVOLVEMENT The business was built on four Founders Fundamentals: FREEDOM FAMILY HOPE REWARD NO INTERNATIONAL BORDERS We believe that good work deserves appropriate recognition and financial reward. This change to FAA PROMOTE BUILDING SOLID will better reward ABOs for building balanced, sustainable businesses and developing their downline FOUNDERS PLATINUM LEGS leaders. This fundamental shift in FAA is taking place as a part of a global change to better align with the Core Plan. Amway is preserving full investment in the New FAA Bonus Program, and with this change, bonus ENCOURAGE SUSTAINABLE payments will be redeployed to leaders with strong BUSINESS BUILDING and balanced structures.
THE NEW FAA BONUS PROGRAM AT A GLANCE strengthening the connection between FAA & Core Plan X = Average Monthly Multiplier (based on FAA Bonus Core Plan Bonus width and depth) Payment Monthly Multiplier Super Legs Core Plan Table Bonus Bonus Min F Plat Multiplier A Super Leg is a Founders Points PER FOR M ANCE Legs Percentage Platinum leg with 30+ points 12 150 750% + Super Legs This bonus rewards ABOs who 10 125 700% RUBY earn the highest multiplier 105 650% 600% (750%) and have two or more 90 legs at 30 points 8 75 500% D EPTH 60 450% 45 400% The better you build, the more LEAD ERSHIP 4 35 300% you can earn 27 250% 20 200% Paid annually for each and every year that you qualify How to Qualify Super Legs Bonus ($USD) The better you build, the 1 $0 more you can earn 4x in- 2 $40,000 Super Legs are not + + market DBR* Founders 20 3 $60,000 capped, allowing for points Platinum 4 $80,000 unlimited potential legs 5 $100,000 6 $140,000 *DBR = Diamond Bonus Recipient 7 $180,000 8 $220,000 ... UNLIMITED POTENTIAL
THINGS TO KNOW PARTICIPATION BONUS/REBATE CALCULATION REQUIREMENTS New FAA Bonus Payment = Average Monthly Core Plan Bonus x Multiplier (based on width and depth) In order to participate in the New FAA Bonus Program ABOs must: verage Monthly Core A • Be in good standing Plan Bonus/Rebate Multiplier Calculation • Be a DBR in at least one market (#1 Calculation or #2 business, ISD businesses do not count) The average monthly Core Plan Bonus/ The multiplier calculation is determined • Have four in-market F. Platinum legs Rebate calculation is based on the based on F. Platinum legs and points. F. Platinum legs and New FAA points under their #1 and #2 businesses twelve month distributor year. As an are counted in total across all multiple • Have earned a minimum of 20 FAA uncapped opportunity there is businesses (#1 and #2). Both points on a global basis unlimited potential for financial requirements must be satisfied to advance success and stability. up the multiplier schedule. The maximum multiplier that can be achieved is 750% OTHER All monthly Core Plan income is included and is reached when a business has a minimum of 12 F. Platinum legs and a in the average monthly Core Plan RELEVANT FACTS bonus/rebate calculation (including #1 minimum of 150 points. and #2 businesses). Note: In addition to multiple businesses, ISDs, Marketing Advisors and BSCs can Amway is committed to supporting ABOs Monthly Core Plan bonuses are: contribute toward both F. Platinum legs and through a three year transition period • Performance • Foster New FAA points. from distributor years 2018 - 2020. • Ruby • International FOUNDERS PLATINUM LEGS During this time, Amway will calculate • Leadership Leadership and pay the better bonus/rebate of the • Monthly Depth In order for a leg to be counted as a F. Original FAA Bonus/Rebate Program or Platinum leg, there must be a F. Platinum 2% LB/Foster enhancement will qualifier in the leg. Multiple business the New FAA Bonus/Rebate also be included. qualification does not contribute toward F. Platinum leg total, only downline F. Program. At the end of the period, the The following are not included in Platinum legs of multiple businesses approach of paying the better of the New the average monthly Core Plan bonus/ contribute. The following are also not vs. Original FAA Bonus/Rebate will end. rebate calculation: included in the multiplier calculation: For further support, a Tracking Tool will • Q12 legs without a F. Platinum qualifier be available in MyBiz to help you view • GIP and Annual Core Plan bonuses • Internationally sponsored F. Platinum your personal performance within the • ISD businesses do not count legs New FAA Bonus/Rebate Program. for income Note: Volume equivalence F. Platinum qualification is counted equally as F. If you have multiple businesses, they Platinum qualification. DBR = D iamond Bonus/Rebate do not have to be qualified F. Platinum Recipient for bonus to count toward the POINTS calculation total. Points are calculated based on the number EBR = E merald Bonus/Rebate of leaders within each qualified F. Platinum Recipient Note: Bonus from #2 businesses will be leg. To earn any new FAA points down a F. converted into home market currency Platinum leg, the #1/#2 business must ISDb = Internationally each month for the purpose be a F. Platinum. Points are additive within Sponsored Designee of calculation each F. Platinum leg, which have maximum contributions. A maximum of 6 points can BSC = Business Sales Consultant Super Legs Calculation be contributed by F. Platinum qualifiers within a F. Platinum leg. A maximum of 30 A Super Leg is defined as a F. Platinum points can be contributed by a single F. leg that contributes 30 points toward Platinum leg. their FAA point total. If a business has Points are awarded based on the following qualified for the maximum multiplier, values per qualifier: they are also eligible to receive a Super • 1.0 for F. Platinum Leg bonus. • 1.5 for EBR The bonus calculation is based on the • 3.0 for DBR number of Super Legs an ABO has built. Note: EBR and DBR must also be F. There is no bonus paid for one Super Platinum to count Leg, but beginning with two Super Legs, There is no maximum to the number of each is worth $20,000 USD. Beginning points that EBRs or DBRs can contribute with the 6th Super Leg, the bonus within a F. Platinum leg, up to the 30 increases per leg to $40,000 USD - and allowed points. In order for a F. Platinum there is no cap on earning potential. leg to contribute more than 1 point, the multiple business must be EBR in the local Note: The Super Leg bonus is not PI market. If not, the F. Platinum leg is capped adjusted and is worth the same amount at 1 point regardless of the number of no matter where the Super Leg exists. qualifiers in the leg.
What Can I Earn? Amway Pin Level Qualification IBO Earnings Platinum Up to $45,000 Founders Platinum Up to $75,000 Founders Emerald Up to $200,000 Founders Diamond Up to $250,000 These figures are inclusive of Growth Incentive Program payments. Income levels will vary depending on the business activity, business structure or the application of the Amway Growth Incentive Program in any given year. Indicated results are based on analysis of the 2016 performance year potential earnings which are expressed in Australian dollars. TERMS & CONDITIONS 1. All New Zealand Progressive Cash Award qualifiers will be paid in Australian Dollars (AU$) which will then be converted to the equivalent amount in New Zealand Dollars at the time of payment. 2. All IBOs who wish to participate in the 2018 Growth Incentive Program will be required to electronically register their acceptance of the terms and conditions, inclusive of the Higher Award and Growth Incentive Program Tracking and Review Process. Only registered incentive participants will be processed under the Higher Award and Growth Incentive Program Tracking and Review Process to qualify for potential incentive payments. These terms and conditions must be read in conjunction with the Higher Award and Growth Incentive Program Tracking and Review Process PY 2018 Australia and New Zealand requirements which will be available from mid July 2017. 3. An IBO must be in good standing with Amway to receive any Personal or Frontline Q cash award payments or receive an invitation to ANY Amway Business Seminar. At all times, the Rules of Conduct for Amway IBOs (Rules of Conduct) must be complied with. All GIP payments and incentive trip qualifications are subject to the Higher Award and Tracking verification audit process and payable at the discretion of Amway 4. A minimum of 3 x full business months must pass after the month an IBO registers as a new IBO before they can qualify at the Silver Producer level. The new Silver Producer qualification will be subject to preliminary denial and a full review if this requirement is not met 5. Any IBO who qualifies for either an Achievers qualified month or any personal or frontline Q cash award or any other initiative that is part of the Growth Incentive Program 2018 must have a minimum of 150 PPV in each qualifying month. Where an IBO achieves 150 PPV for a qualifying month this requirement EXCLUDES automatic top-up and automatic top-up reversal. 6. All personal and frontline Q cash awards and all 9% and 12% One Time Cash Awards will be paid upon the completion of the relevant higher reward qualification and review process (usually within ten weeks after the actual qualification month) has been finalised. For example, if you qualify for a payment in September 2017 you will be paid in mid -December 2017. All IBOs must also requalify in PY 2018 at their highest pin level they achieved in PY 2017 to be eligible to receive a personal and frontline Q cash award 7. To qualify for a personal or frontline Q cash award all qualifying months must be within the 2018 Amway Performance Year. 8. For the personal and frontline Q cash award program all IBOs will have a predetermined PY 2018 Q baseline which is the actual total number of personal and frontline Q’s achieved in the 2017 performance year. 9. If an IBO achieves Ruby Volume ( minimum 15,000PGV) AND also had one or more qualified legs they will only be entitled to receive a maximum of 2 x Personal Q’s. 10. All qualified Platinums and above as of 31 August 2017 will receive their PY 2018 personal and frontline Q base from their State Sales Manager in Australia or their Senior Manager in New Zealand in late September 2017. 11. If there is default on instalment finance of volume that contributes to any higher award qualification, AMWAY reserves the right to withhold the qualification and award and any related cash award payment until the debt is resolved. 12. To protect the line of sponsorship AMWAY has instituted procedures, as far as practicable, to issue finance terms only to IBOs with the appropriate credit history, however, bonus/rebate qualifiers acknowledge that instalment debt GIP 2018
management is a joint responsibility between the leadership and AMWAY. 13. If an audit of a qualification month indicates noncompliance with the Rules of Conduct or Higher Award tracking requirements Amway will take steps to recover Progressive Cash Award payments and Platinum Growth cash award payments. If there is a return of products exceeding 400 PV (200 PV in New Zealand) by a qualifier or an IBO through line from a qualifier the PV will be reworked back to the month of purchase and any personal or frontline Q cash award paid in relation to that product will be recoverable by Amway. 14. To participate in the PY 2018 Growth Incentive Program, all IBOs must comply with the Amway Rules of Conduct, 15. All IBOs must be in good standing with Amway to receive an invitation to ANY business seminar as a part of the PY 2018 Growth Incentive Program. 16. Travel and accommodation will not be provided for the New Silver and Gold Producer Seminars. 17. The New Silver and Gold Producer Seminar, New Platinum Seminar, Achievers, New Emerald Ubud Getaway and Diamond Invitational events are all classified as invitational events. Thus, if an IBO receives an invitation and chooses for whatever reason not to attend any of these events they will not be reimbursed with any of the costs associated with that particular event. 18. All IBOs are responsible for their own visas upon departing and/or returning into Australia or New Zealand for any Achievers New Emerald or Diamond Invitational event which is held overseas. If for any reason an IBO is refused re-entry back into Australia or New Zealand owing to a visa issue the IBO(s) will be liable for ALL associated accommodation and travel costs incurred for any additional time which they are required to spend in the country where the event is located. 19. Achievers 2018 Nusa Dua and New Emerald Ubud Getaway are invitational events only extended to those names listed on the Amway independent business. Therefore, any children of any Amway independent business owner(s) are not invited. 20. These Terms & Conditions are subject to change without notice. Amway Definitions ACHIEVERS: The annual invitational business seminar for high performing IBOs. EMERALD BONUS/REBATE RECIPIENT(EBR/ERR): An IBO will have personally or foster sponsored three or more in-market 21% groups, each of which have qualified at the maximum performance bonus level in at least six months of the Amway Performance Year. SILVER PRODUCER An IBO who achieves one qualifying Silver Producer month within a rolling twelve month period. GOLD PRODUCER: An IBO who achieves three qualifying Silver Producer months within a rolling twelve month period. PGV: Personal Group Volume (PGV): Any volume outside of an IBO’s entire existing qualified leg(s). PPV: Any Volume which is purchased by an IBO for personal use, or for sale to customers. PY 2017: Performance Year that runs from1 September 2016 through to 31 August 2017. PY 2018: Performance Year that runs from 1 September 2017 through to 31 August 2018. PY 2019: Performance Year that runs from 1 September 2018 through to 31 August 2019. PY 2020: Performance Year that runs from 1 September 2019 through to 31 August 2020. QUALIFYING LEG: A personal or foster sponsored leg that has qualified at the maximum performance bonus level of 21% for a minimum of six months within the same Amway Performance Year. RULES OF CONDUCT: The Rules of Conduct for Amway IBOs which can be found at www.amway.com.au/rulesofconduct or www.amway.co.nz/rulesofconduct. VOLUME EQUIVALENCY (VE): Achieved by generating at least 10 Silver Producer qualified months in the Performance Year along with 108,000 VE, which equates to 120% of the annual Founders Platinum volume. Volume Equivalency includes both non-qualifying and qualifying volume from your entire in-market group during the Amway Performance Year. These terms and conditions are subject to change without notice.
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