NETWORKING POLICY OF LOADMANNA INC.
The policy, rules, procedure, code of conduct, and principles incorporated in this document exist to regulate training, sales and marketing operations of LOADMANNA and define the relationship among its networkers and members. These policies are laid down to prevent illegal and abusive conduct among its members.
Membership in the Company carries with it the presumption that the members are informed and knowledgeable about the governing policies of LOADMANNA as stated hereunder.
Members are expected to understand and abide by LOADMANNA’S rules, regulations, policy, and its code of conduct.
DEFINITION OF TERMS:
Business Center- Venue or place where business center owners conduct their seminars, trainings, and selling of products.
Loadmanna- shall refer to Loadmanna Inc., Board of Directors, and the management of Loadmanna Inc.
Member- shall refer to Provincial Stockist, City and Municipal Stockist, Barangay Stockist, and dealers, and retailers.
Cross-lining- member’s act of transferring from one member’s organization to another. This is a prohibited act.
Down Line- He or She is the sponsored member who eventually formed part of the network of the sponsor or upline, either directly sponsored by the latter or not.
Highly Urbanized Cities- Cities with minimum population of TWO HUNDRED THOUSAND (200,000).
QUALIFICATIONS OF MEMBER IN GENERAL
Any person at least eighteen years old, a corporation, partnership, cooperative, organization, or any legal entity may apply and qualify as member of LOADMANNA.
The applicant for membership must be capable of entering into a contract in accordance with Philippine Laws. Moreover, he or she must comply with all the legal requirements in conducting business in the Philippines.
Corporation, Partnership, organization, cooperative, and other legal entity must be duly registered before they are allowed to become member of LOADMANNA.
Members are classified as Provincial Stockist, City or Municipal Stockist, Barangay Stockist and dealers.
HOW TO BECOME A MEMBER.
To become a Provincial Stockist in LOADMANNA, one must be willing to pay the amount of Php 1,500,000.
To become a City or Municipal Stockist, one must be willing to pay the amount of Php 194,888.00. For highly urbanized cities, the amount to be paid is Php500,000.00.
To become a Barangay Stockist, one must be willing to pay the amount of Php88,888.00. However, for barangays situated or located in the National Capital Region, the amount to be paid is Php 194,888.00
To become a dealer, one must be willing to pay the amount of Php3998.00
All the AMOUNTS above stated are SUBJECT TO CHANGE.
Further, the stockists/Dealers must sign a Memorandum of Agreement with Loadmanna.
The agreement is effective upon signing of both parties and receipt of complete payment by LOADMANNA.
Registration of the stockist/dealers in the LOADMANNA system shall follow as a matter of course.
MEMBERS COMMISSION/ PERCENTAGE
Provincial Stockist, Municipal Stockist, Barangay Stockist, and dealers shall be entitled to commission/percentage as stated in the Contract.
However, resigned, terminated, or inactive stockists/dealers/retailers, shall not be entitled to commission, percentages, and other benefits discussed elsewhere in this policy and memorandum of agreement.
A five (5%) percent commission shall be given to the finder as finder’s fee. The other five (5%) percent shall be given to the Upline/group who helped the finder. In this regard, the names of the individuals who assisted the finder shall be submitted to LOADMANNA for proper accounting and payment.
Stockists, dealers, and retailers must remain loyal to LOADMANNA and cannot engage or join any Multi-Level Marketing Companies directly competing with LOADMANNA while they are active stockists, dealers, and retailers of the latter. Business Centers shall carry ONLY LOADMANNA’S products.
Only one (1) provincial stockist is allowed in one province and only one (1) stockist per City, Municipality, or Barangay. There is no limit to the number of dealers in one Province, City, Municipality or Barangay.
Selling of Mutiple slots/heads is allowed. However, LOADMANNA reserves the right to limit the number of heads/slots to be sold.
RELATIONSHIP AND REPRESENTATION
LOADMANNA’S stockists, dealers, retailers, and members are considered independent contractors and as such there is NO Employer-Employee relationship between them and LOADMANNA. Thus, LOADMANNA is not responsible and liable for any misrepresentation made by said Stockists, dealers, retailers, and members.
RESELLING OF ACCOUNTS/HEADS/SLOTS
Reselling of accounts, heads, slots of stockists/dealers/members to any individual/entity is prohibited whether he or she belongs to the same network, group, crossline, upline, downline, relative, or otherwise.
MANAGEMENT OF ACCOUNTS
The Stockist/dealer/member is responsible for keeping the integrity and accuracy of his account. If LOADMANNA determines that false or fraudulent means are employed in the management of account, LOADMANNA reserves the right to take disciplinary action which includes suspension or termination of account.
An account is considered inactive if there is no activity for a period of six (6) consecutive months. Inactive accounts shall be automatically deactivated.
SUCCESSION OF ACCOUNTS
Upon death or total incapacity of the stockist/dealer, his or her account is transferable ONLY to the latter’s ascendant and descendant within the 2nd degree. Collateral (Brothers and Sisters) relatives are allowed to succeed only in the absence of ascendant and descendant within the 2nd degree.
In case of transfer under this article, a written request must be submitted to LOADMANNA by the heir/transferee within thirty (30) days from the time of death or incapacity. Moreover, the heir must qualify as stockist/dealer.
CHANGE OF UPLINE/TRANSFERRING TO ANOTHER NETWORK/GROUP
Unless otherwise authorized, It is strictly prohibited for any member to change sponsor. Unauthorized transfers are considered acts of cross-lining and are strictly prohibited. LOADMANNA will only consider the first registration as the valid registration. Any subsequent registration will not be allowed.
Moreover, any activity that involves soliciting of any member to move or transfer to a different network or group by making offers such as giving free slots, marketing and financial support and the like are strictly prohibited.
The following are prohibited acts:
1) Fraudulent registration of individual as member without paying the required dealer and membership fee.
2) Registration of fictitious, non-existing, individual, as member to qualify for commissions, or any benefit.
3) In order to preserve the integrity of the Network, Crossline or Crosslining is absolutely prohibited. Any member caught doing the same shall be dealt with severely.
4) Reselling of accounts to another.
5) Using fictitious names or dummy or by any other deceitful means to obtain personal gain and interests.
6) Soliciting large sums of money from persons who claim to be investors.
7) Sexual Misconduct.
8) Violation of any provisions of the code of conduct as defined under Article XX.
All expenses incurred on events sponsored by the members shall be shouldered by the sponsoring member. It is the responsibility of the members to manage and spend for their entire business operations.
Only events sponsored by the LOADMANNA shall be shouldered by the latter. Other than what is stated in the MEMORANDUM OF AGREEMENT regarding events sponsorship, LOADMANNA will not entertain requests from any members for events sponsorship.
Transportation expenses, gasoline and the like incurred in attending meetings or seminars sponsored by LOADMANNA shall be for the account of the attending members. In this regard, no request for reimbursement of any kind shall be entertained by LOADMANNA.
RESPONSIBILITY OF UPLINE
UP LINES are responsible for their direct DOWN LINES in ascertaining that they are properly trained with respect to LOADMANNA’S eloading system, products, procedures, policies, and marketing plans. The responsibility of the UP LINE includes training and ensuring that the down lines attend all the required trainings and seminars of the company. Expenses incurred in attending such trainings and seminars shall be for the account of the sponsor/attendees.
UP LINES shall likewise entertain all the down lines’ inquiries. They shall also advise the down lines involving proper strategies to take. It is the responsibility of the UP LINES to inform their down lines concerning new policies and developments in LOADMANNA.
All members agree to hold LOADMANNA, its officers, directors, consultants, free and harmless against any claim, demand, liability, loss, cost or expense, damage including but not limited to legal expenses that may arise concerning their members or their business.
LOADMANNA is authorized to disclose personal or confidential information of members which was provided to LOADMANNA in connection with their membership thereto to any government agency or regulatory bodies if required by law. LOADMANNA may also use personal information for recognition and testimonials of the members, and for LOADMANNA’S literature.
Members acknowledge that its entire knowledge of the operation of LOADMANNA’S business including the knowledge or know-how regarding their operating, marketing & training systems, products & activities came from and owned by LOADMANNA and that such information is proprietary, confidential and a trade secret of LOADMANNA & its affiliates & service providers.
Members shall maintain the absolute confidentiality of all such proprietary information during and after the term of the franchise and shall not use such information in any other business or in any manner not specifically authorized or approved in writing by LOADMANNA. Members shall divulge such confidential information to its employees and only to such extent necessary to operate the business.
TERMINATION OF ACCOUNT
Accounts may be terminated voluntarily or involuntarily. Voluntary termination occurs when LOADMANNA receives a written notice of termination from the concerned member. Upon termination, the resigned member is not allowed to register with another network in direct competition with LOADMANNA for a period of six (6) months.
Involuntary termination occurs when LOADMANNA terminates a member for violation of LOADMANNA’S policy, code of conduct, memorandum of agreement, abandonment of business (period of inactivity for six consecutive months), failure to set up an office as required, and for any just cause under the law. Involuntary termination takes effect after receipt of notice of termination by the member.
Terminated accounts shall not be entitled to any refund or reimbursement.
Members who violate the policy, code of conduct, and the memorandum of agreement shall be penalized as follows:
1. Holding of commission for 1 month for the 1st infraction.
2. Forfeiture of commission for the 2nd infraction.
3. Termination or deactivation of the business account for the 3rd infraction.
The 1st, 2nd, and 3rd infraction or violation stated above need not be for the same offense. In all cases, the penalties for the offenses shall be enforced after notice and hearing.
However for offenses defined under Article IV, XI, XII, XV, XX (Code of Conduct, A,F) the penalty for violation thereof is TERMINATION.
It is the responsibility of members to pay their income tax, national or local. Likewise, all members shall be responsible for income tax on discounts earned as members of LOADMANNA.
Income received from LOADMANNA as commission based on the marketing plan constitutes gross income and is exclusive of tax. Ten (10) percent of the gross commission is deducted by LOADMANNA as withholding tax by the end of each tax year.
ARTICLE XX (CODE OF CONDUCT)
A. LOYALTY TO LOADMANNA:
All members shall remain at all times loyal to LOADMANNA and must comply with its policies. They should not commit acts inimical to the interests of LOADMANNA, such as but not limited to the following:
1) Joining, representing, associating, recruiting, and conspiring in any manner for the benefit or advantage of any company or entity in direct competition with LOADMANNA either domestic or foreign.
2) Presenting, selling, or offering in any manner to any company competing directly or indirectly with LOADMANNA, its products, services, and or marketing plans and strategy.
B. PROTECTION OF COMPANY NAME:
Members are enjoined to act properly in its dealings so as not to blemish or tarnish LOADMANNA’S name and reputation. All members must refrain from making remarks oral or written which may tend to discredit LOADMANNA.
C. HONESTY IN DEALINGS:
Members should act in professional manner at all times in all its dealings and transactions. They must not make any false statement, empty promises, misrepresentation, disinformation, and exaggeration. Likewise, members should not make any spurious claims or should engage in any act circumventing the marketing plans or strategy of LOADMANNA.
D. HONESTY AMONG FELLOW MEMBERS:
Members should remain honest and transparent with their dealings and transaction with fellow members.
E. RESPECT TOWARDS MEMBERS OF THE COMPANY:
All members are enjoined to act and treat each other with respect and humility. Rudeness, discourteous and disrespectful acts have no place in LOADMANNA.
Members are likewise enjoined not to interfere with the sponsoring activities of their fellow members.
Members are strictly prohibited from influencing other member’s recruits to register under sponsors apart from the ones who invited them.
F. DECENCY AND GOOD BEHAVIOR:
All members are enjoined to observe decency and good behavior by not committing any immoral act or conduct which tend to devalue company policies and good morals within the company offices, its branches, and centers.
LOADMANNA employs zero-tolerance for sexual conduct, sexual abuses, sexual innuendos, indecent touching and other forms of sexual violence. The guilty party shall be terminated and the commission forfeited. Termination under this section shall be made after notice and hearing.
G. OBSERVANCE OF LOADMANNA’S RULES,POLICY, AND CODE OF CONDUCT:
Members must observe LOADMNNA’S Rules, Policy, and Code of Conduct. Any member who violates wittingly or unwittingly the said rules, policy, and code of conduct shall be deactivated, terminated, and suspended as the case may be.
AMENDMENTS IN GENERAL:
LOADMANNA reserves the right to make any amendments to the rules, procedure, code of conduct, and or any contract or memorandum of agreement. Any changes, modification, or amendments will take effect and be binding five (5) days after publication in LOADMANNA’S website or in other mode of publication whichever is earlier.
WAIVERS AND EXCEPTIONS:
LOADMANNA reserves the right to make waivers and exceptions to the application and implementation of the rules, regulations, policy, and code of conduct.
If any part or provision of this Policy is held invalid, the other provisions not affected thereby shall remain in force and effect.
VENUE OF ACTION:
The venue of action for all cases arising from violation of this Policy and Code of Conduct is the proper Court of Calamba, Laguna.
AMENDMENT OF THE POLICY AND CODE OF CONDUCT:
LOADMANNA reserves the right to amend this policy and code of conduct anytime. Amendments shall be effective and enforceable five (5) days after notice or posting on the company’s website whichever is earlier.
This policy and code of conduct shall govern the relationship among members of LOADMANNA. Any provision in the Memorandum of Agreement/Contract, or any written instrument inconsistent with this Policy is hereby modified or superseded.