REWARDS PLAN. Effective Date: Jan 1st, 2016

Transcription

1 REWARDS PLAN Effective Date: Jan 1st, 2016

2 OUR MISSION: SHIFT THE WORLD TO RENEWABLE ENERGY AND TRANSFER BILLIONS IN WEALTH TO POWUR-PRENEURS. Powur was created so you could build your own business and capture your share of the multitrillion dollar shift to clean energy. Powur partners can earn income in two ways: 1 2 Monthly residual income payments guaranteed for 20 years based on their personal and team solar installations. Weekly bonuses based on qualified lead acquisition. This document is meant to provide an overview of how income is paid through the Powur rewards plan. You now possess an unrivaled vehicle to achieve personal financial freedom while making a massive impact on planet earth. For more detailed explanations please consult your team leader.

3 Powur Positions & Qualifications STARTING POSITION: every person starts as an independent Powur partner QUALIFIED LEAD: The definition of a qualified lead is a homeowner submitted through the Powur platform to SolarCity, who: Passes credit inspection; Owns their home; Is in a SolarCity service territory; and, Schedules an appointment for a free solar consultation. QUALIFIED PARTNER SENIOR PARTNER NATIONAL POWUR PARTNER NATIONAL GAME CHANGER HERO To become a qualified Powur partner you must have a minimum of 3 submitted to SolarCity. You acquire 5 total You acquire 10 total You acquire 15 total You acquire 15 total You acquire 15 total YOU YOU YOU YOU YOU At least 2 of those leads must be outside of your household Solar Installs in 3 separate legs in 3 separate legs Solar Installs in 3 separate legs I. Advancing through the positions in Powur are based on cumulative qualifications. The position only needs to be earned once to keep it forever. II. Success as a Powur partner is not guaranteed. It is a combination of personal effort and long term focus. Not all Powur partners make a profit and no one can be guaranteed success. Powur s compensation plan is subject to change without notice at Powur s discretion and for any reason. Page 1

4 Fast Start Bonus YOU FAST START BONUS By submitting 3 qualified leads to SolarCity within 60 days of the date you enrolled as a Powur Partner you will earn a $75 Fast Start Bonus. I $75 ONE TIME I. Fast Start Bonus triggered at the completion of 3 qualified leads submitted to SolarCity. II. Fast Start Bonus is paid weekly. REMEMBER Income is only earned when qualified leads or customers are acquired. Powur reserves the right to retract the payment of any bonus or commission if it is found that the customer used to qualify for a bonus or a certain commission level was not a valid or qualified customer. Page 2

5 Solar Installation Bonus YOU SOLAR INSTALLATION BONUS You will earn a one time $200 reward for each lead you refer that turns into a solar installation. There s no limit to how many leads you can refer and personal solar installation bonuses you can earn. I. Solar Installation Bonus paid monthly. II. Monthly commissions deposited by the 10th of each following month. III. Solar Installation bonus triggered when installation on your customer's house is complete. $200 $200 $200 $200 REMEMBER Income is only earned when qualified leads or customers are acquired. Powur reserves the right to retract the payment of any bonus or commission if it is found that the customer used to qualify for a bonus or a certain commission level was not a valid or qualified customer. Page 3

6 20 Year Solar Residual Bonuses GEN 1 QUALIFIED PARTNER SENIOR POWUR PARTNER NATIONAL POWUR PARTNER NATIONAL PERSONAL HERO Over time, the majority of your compensation can come from residual income you earn for 20 years on solar installations throughout your organization. Acquiring new solar customers is the fuel for your business, allowing you to build a long-term, lasting income. By teaching others to do the same thing, you can build a compounding residual income. GEN 2 20 YEAR TEAM RESIDUALS The amount paid on each generation of GEN 3 installations monthly for 20 years. GEN 4 $0.60 $0.60 $0.60 I. Paid Monthly. II. Commissions are distributed no later than the 10th of each GEN 5 $0.80 $0.80 month following a pay period. III. Residual commission begins at completion of solar installation. IV. Rank Qualification determined by your rank on the last day of GEN 6 $1.00 the month, 11:59 PM Pacific Standard Time. V. Dynamic compression will compress all residual commission to you that partners within your organization are not eligible for, but you are. Page 4

7 Residual Income Illustration Example Let us ask you a question. As homeowners make the inevitable change to solar energy, do you think you could TOTAL PARTNERS TOTAL QUALIFIED LEADS TOTAL SOLAR INSTALLATIONS RESIDUAL PER MONTH ask 5 homeowners to get a free proposal from the #1 solar company in the world to have solar installed on their house for free? GENERATION $.50 That is the crux of Powur s entire business model. Lets GENERATION $5.00 look at how your team could grow if you introduced Powur to just 5 people. GENERATION $25.00 If each person in your team simply submitted 5 qualified leads to SolarCity, here is a hypothetical example of how GENERATION , $ you would be earning $18, per month for 20 years. GENERATION 5 3,125 15,625 3,125 $2, I. This example is calculated with a conversion rate from qualified lead to solar installation. Depending on a variety of factors, this conversion could be lower or higher for each homeowner. II. This example is hypothetical, and used for illustration purposes only of how residual income can pay out in Powur. Success in Powur is not guaranteed as each individual partner determines how much effort, time, and resources they can commit. Many Powur partners do not make a profit. GENERATION 6 15,625 78,125 15,625 $15, TOTAL 19,530 97,650 19,530 $18, Page 5

8 Lead Acquisition Bonus Schedule LEAD ACQUISITION BONUS QUALIFIED LEAD ACQUISITION BONUS TEAM QUALIFIED LEAD ACQUISITION BONUS TEAM PERFORMANCE BONUS Lead Acquisition Bonuses (LABs) are paid when your newly, personally sponsored Powur partners become QUALIFIED PARTNER $75 qualified within 60 days of their start date. SENIOR POWUR PARTNER $125 $50 In order to count for qualification, all leads must show a Qualified status in the Powur back office. NATIONAL POWUR PARTNER $150 $250 $75 $175 SP $25 SP $125 NP $100 GC $70 TEAM LEAD ACQUISITION BONUS You earn Team LABs when Powur partners in your organization, who are under a Powur partner that has NATIONAL $350 $275 SP $225 NP $200 GC $100 NGC $30 not reached the same earned position you have reached, acquire new leads to become qualified within HERO $375 $300 SP $250 NP $225 GC $125 NGC $25 HERO $20 60 days of their start date. I. All LABs are based on as defined on page 1 of this document. LABs are paid weekly. II. Weekly pay period ends Sunday night at 11:59 pm Pacific Standard Time. III. You are paid by your rank calculated at the end of each weekly pay period. IV. The abbreviation stands for each Powur position; qualified partner, senior partner, etc. V. The Team LAB amount next to each position is what you will earn in Lead Acquisition Bonuses when the new qualifying partner is under that position. For example, if you are a National Powur Partner, and a (qualified partner) earns a LAB with no higher ranked partners between you; you would earn $75. TEAM PERFORMANCE BONUS You earn Team Performance Bonuses when Powur partners in your organization, who are under a Powur partner that has reached the same earned position (or higher) that you have reached acquire new leads and become qualified within 60 days of their start date. Page 6

9 Powur Compensation Timeline In the beginning, the majority of your income can be earned from Qualified Lead Acquisition bonuses, while the leads in your team turn into solar customer installations. We created LAB bonuses because solar installations typically take 90 days from the date a lead has been submitted. Powur has pioneered a way for you to get paid generously today, while 20 year solar residuals compound from the activity happening within your team. DOLLARS 20 YEAR RESIDUALS BONUSES QUALIFIED LEAD ACQUISITION BONUSES The chart to the right is for illustrative purposes only, to show you how your income can grow overtime with Powur. REMEMBER Income is not guaranteed in Powur. Each Powur partner determines how much time, energy, and resources they are able to commit to their business and thus their results. For this reason, many Powur partners do not return a profit. YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 TIME Page 7