This document provides an overview of the myLX Independent Business Executive Program. The program rewards members for sales of products and for building a network of other members. It offers various incentives including direct sales bonuses, team sales bonuses based on product sales in a member's organization, and global profit sharing based on sales volumes. The document defines key terms and outlines requirements for qualifying for incentives.
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Cronología de la Cohetería, el Vuelo y la Exploración Espacial: 1806 - 8 de O...Champs Elysee Roldan
Cronología de la Cohetería, el Vuelo y la Exploración Espacial.
Por: Campo Elías Roldán
Ingeniero Mecánico U.de.A.
SOCIEDAD JULIO GARAVITO PARA EL ESTUDIO DE LA ASTRONOMIA
INGES AEROSPACE (INGENIERÍA ESPECIALIZADA AEROESPACIAL.)
INCAES AEROSPACE (INGENIERÍA DE CAMPO AEROESPACIAL)
1806 – 8 de Octubre: Primer Uso a Gran Escala de Cohetes por los Británicos
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2. Business Executive Program
Welcome to the myLX Independent Business Executive Program!
myLX Independent Business Executive Program is a unique combination of consumer loyalty rewards and
Network Marketing program. It rewards you for continuous patronage of products and efforts to
introduce myLX products and opportunity to other people. myLX primarily focuses on gratifying your
sales and product usage. In addition to variety of perks and advantages that are available through the
program, you can derive financial incentives and rewards when you support your network of
Independent Business Executives (IBE) build their respective groups. myLX boasts of highly innovative
tiered sales compensation features that are unique and revolutionary.
Key Features of the
myLX Independent Business Executive Program:
Patronage Incentives for Sustainable Income. This program innovation offers the best leveraged
incentive by providing you residual earnings from sales performances and product consumption of your
sales organization.
Real-time Online Compensation Information. What better motivation can you get from a program that
translates your serious efforts into instant gratification? Watch the dynamic progress of your sales
organization in real-time. This tech-savvy feature is the pioneer in combining consumer loyalty rewards
and network marketing programs.
Information at your Fingertips. Information drives every organization and serves as the foundation of
growth and development. Through our website (www.mylx.biz) and wireless technology services such as
the SMS (Short Messaging Service) or ‘text’, we keep you abreast of the expansion of your business as it
happens.
MyLX Business Executive Sales Compensation
MNEMONIC CODE BASIS FOR EARNINGS
• Direct Sales Incentive DSI Fixed Amount
• Team Sales Bonus TSB Gold Sales Points
• Global Profit Sharing GPS LoadXtreme® Dealership Volume
3. Business Executive Program
Understanding myLX Program
myLX is an optional business program open to all registered Dealers of LoadXtreme®. Any Dealer
enrolled under myLX is referred to as Independent Business Executive. This compensation program
provides incentives based on the purchase and retail transaction of LoadXtreme® Dealers and their
respective Retailer network. Understanding the policies that govern myLX will substantially help you
succeed in this program. Please take time to read the following information. Discussing the information
contained in this manual with your fellow Business Executives will also greatly aid you to master your
way to financial success through myLX.
Understanding Sales Points (SP)
As an Independent Business Executive, your product purchases from LoadXtreme® are tracked or
recorded by means of a pointing system. The Dealership Franchise Package has equivalent points called
Gold Sales Points (GSP). GSPs are accumulated under your myLX account. The system subsequently
calculates the corresponding sales incentives based on the GSP accumulation. Incentives or earnings are
posted under the myLX account of qualified Business Executives. You may check the transaction and
incentive calculation details by logging into your myLX account thru the myLX website (www.mylx.biz).
This information is also accessible anytime via SMS. Please check the latest information on the
appropriate SMS Keywords for administering your myLX account using mobile devices.
The company reserves the right to change or modify the SP equivalence of all products at any given
time. You shall be notified of any change in the SP equivalence of any product at least ten (10) days
before the effective date of implementation.
End-of-Day (EOD)
This refers to the end of a 24-hour period where sales and redemption transactions are tracked and
recorded by the myLX System. The time base used is GMT+8.
Sales Account (SA)
Your Sales Account or SA is your unique identification number in myLX. It is usually the same as your
account number with LoadXtreme®. It serves as a record identifier for all your purchases and
redemption transactions. The transaction information recorded under your account is processed in real-
time for instant and EOD computation of incentives.
SA is likewise used by myLX to form the genealogical structure of the sales network necessary for
determining distribution of different myLX incentives to qualified Business Executives or Business
Representatives in the network. The structures are formed using the following distinct information
supplied by Business Executives and Business Representatives:
• Sponsor Account (or Sponsor ID). This refers to the myLX account (or Business Executive ID) of
the person who directly or personally introduced another Business Executive to myLX thru
LoadXtreme®.
4. Business Executive Program
• Placement Account (or Placement ID). This refers to a myLX account that a ‘sponsoring’
Business Executive specifies, or to a system-defined account number where the myLX account
being registered is placed under or below relative to the genealogical structure of the Sponsor
Account.
An account may be registered with the same Sponsor Account and Placement Account information or
with different information subject to the preferences of the sponsoring Business Executive or to the
Auto-placement configuration of the Sponsor ID.
Auto-Placement and Lock STA/STB feature
Depending on the network growth and development of your sales groups, you may enable the Auto-
Placement or Lock STA/STB features of myLX when sponsoring Sales Account registrations to ensure
control, balance and maximized earnings from the sales volume generated by your sales groups.
When you enable Auto-Placement feature, myLX will automatically determine which Sales Team (A or B)
is best for network placement of the current registration by identifying the Sales Team with lesser Gold
Sales Points accumulation. The system will then select the last (or farthest) myLX account that belongs
to the Sales Team with the least volume accumulation and place the account being registered under
that Sales Team and account selection by using the myLX account number of the selected record as the
Placement Account.
On the other hand, you may have substantial control of the network placement behavior of myLX by
using the Lock STA/STB option. When enabled, myLX will always place sponsored account registration on
the farthest Sales Team selection, i.e. Sales Team B of the last myLX account in Sales Team B if the Lock
option is set to ‘Lock STB’. See illustration on the next page.
5. Business Executive Program
U
Sales Team A Sales Team B
myLX will select this
placement when Auto-
Placement feature is
selected because the
GSP accumulation is
lesser than the volume
in Sales Team B.
myLX will use this placement
when ‘Lock Team B’ option is
selected. The system will
always check for the farthest
registered Business Executive
on Sales Team B and use the
information for the placement.
Product Pack Sales Code (PPSC)
Products you buy under myLX, including the LoadXtreme® Dealership Franchise Package comes with a
sales code called Product Pack Sales Code or PPSC. PPSC is a 16-digit number that uniquely identifies a
product or Product Pack purchased under the myLX program. It also has equivalent Sales Points where
you can earn incentives upon registration. PPSC must be registered via web or SMS to activate your
Encashment Facility or even to qualify in earning the myLX incentives.
Direct Sales Incentive (DSI)
Whenever you sell LoadXtreme® Dealership Franchise Package to any prospect, you are entitled to earn
Direct Sales Incentive (DSI). Upon successful registration of the PPSC assigned to the Dealership Package
you sell, myLX shall instantly credit the corresponding DSI to your myLX account. Please refer to the
latest product price list for the equivalent DSI of products offered under the myLX program.
6. Business Executive Program
Team Sales Bonus (TSB)
As you grow and develop active sales groups, your myLX income also grows. Team Sales Bonus (TSB)
allows you to earn commissions from the sales of products by forming two (2) Sales Teams: Sales Team
A (STA), and Sales Team B (STB). The total Gold Sales Points volume produced under these Sales Teams
determine your qualification to earn Sales Score (SS) and the corresponding TSB.
Sales Score (Score)
Each time a product or package is purchased within your Sales Teams and the corresponding sales code,
voucher or coupon is registered thru the myLX System, the value of GSP assigned to the product is
credited to your myLX account and simultaneously to its ancestry accounts.
GSP is accumulated and credited to either STA or STB accumulator of your myLX account depending on
which Sales Team the product purchases were registered. When GSP accumulates to Four Hundred
(400) points on both Sales Teams, you will earn one (1) Sales Score or plainly referred to as ‘Score’. At
End-of-Day (EOD) processing, your TSB is computed based on the total Scores earned in a calendar day.
A Score has a maximum equivalent value of Five Hundred Pesos (PhP500.00) and may vary depending
on the determined Pro-rated Score Value (PSV) per day.
Pro-rated Sales Score Value
Sales and purchases of products, product packs, use of electronic vouchers and coupons, contribute to
the myLX Bonus Pool at EOD. myLX determines the pro-rated value of a Score in three (3) simple steps:
1. myLX system determines the Bonus Pool size in a day by combining the outstanding balance of
the Bonus Fund from previous day (ending/beginning balance) and the equivalent amount of the
total transactions in a day.
2. myLX determines the total number of Scores earned in a day by qualified Business Executives.
3. Pro-rata value is established by dividing the Bonus Pool with the total number of Scores earned
by qualified Business Executives. Depending on the sales volume-score ratio, the Score value
may vary daily but not more than PhP500.00 per Score.
Maximum TSB Earnings
Using the pro-rated value of the Score, myLX then multiplies the value to the total number of Scores you
have earned in a day to determine your TSB. The maximum amount of TSB you may earn in a day is
Thirty Thousand Pesos (PhP30,000.00) regardless of the number of Scores you qualify to earn. The
monthly TSB cumulative earnings allowable per month is Nine Hundred Thousand Pesos
(PhP900,000.00). When you reach the monthly limit, myLX will no longer compute the TSB of your
account regardless of the number of Scores you may still qualify to earn until the end of the current
calendar month. When your income reaches the maximum in a given month, you are entitled to receive
a gift package equivalent to One Hundred Thousand Pesos (P100,000). This gift package is non-
convertible to cash.
7. Business Executive Program
Sales Team GSP Balance Forwarding
At EOD, myLX forwards to the next calendar day the remaining GSP balance of the Sales Team with the
highest volume accumulation less the amount of GSP accumulated in the other Sales Team or the Sales
Team with lower GSP accumulation. This system behavior is commonly referred to as Strong Leg Volume
Retention.
Global Profit Sharing (GPS)
Global Profit Sharing or GPS allows you to earn repeatedly from the LoadXtreme® sales volume of other
Business Executives enrolled under your sales network. Depending on your qualification, you may earn
from the retail transactions of Retailers enrolled under the LoadXtreme Dealership account of your
downline Business Executives. This feature allows you to steadily build a residual income stream as you
grow or expand your network of Business Executives.
Your qualification to earn GPS is based on the aggregate and cumulative sales volume of the retailers
tagged under your LoadXtreme® Dealership account in one calendar month. This is referred to as
Dealership Sales Volume or DSV. You must achieve DSV equivalent to Thirty Thousand Pesos
(P30,000.00) in one calendar month to qualify and earn GPS.
GPS Sharing Scheme
GPS Pool distribution is computed using prorated sharing scheme and subsequently paid to qualified
Business Executives. The sharing scheme is based on your DSV and the DSV of your downline Business
Executives up to the 8th generation of account (SA) sponsorship. This is collectively referred to as Team
Sales Volume or TSV.
There are two (2) ways to earn GPS Pool Share:
• Achieve the minimum DSV requirement and earn the corresponding Pool Share.
• Build a strong Dealer network and earn Pool Share based on TSV (aggregate DSV of your
downline Business Executives’ LoadXtreme® dealership).
Below are the tables for earning GPS Pool Share per accumulated DSV and TSV in a calendar month:
Dealership Sales Volume (DSV) GPS Share Team Sales Volume (TSV) GPS Share
P30,000-P99,000 1 share P2M 2 shares
P100,000-P250,000 2 shares P3M 3 shares
P300,001-P500,000 3 shares P4M 4 shares
P500,001-P800,000 5 shares P5M 5 shares
P900,000 8 shares P8M 10 shares
P1M 12 shares P10M 15 shares
P2M 30 shares P12M 20 shares
P5M 80 shares P15M 36 shares
8. Business Executive Program
GPS Bonus Share and Multiplier
You may earn additional GPS Pool Share just by simply increasing the number of your personally
registered LoadXtreme® Dealership sales. Below is a table showing the multiplier factor or additional
shares you may earn when you have sponsored more than two (2) LoadXtreme® Dealership sales:
Bonus Share or
Number of Direct Sales
Multiplier
3 Plus 2 shares
5 Plus 3 shares
8 Earned shares x5
10 and above Earned shares x8
GPS Pool Computation
GPS is computed monthly and at every last day of each calendar month. The company sets aside portion
of its wholesale volume as bonus pool. This is referred to as the GPS Pool. It varies depending on the
actual sales performance of the company.
At end of each month, myLX computes for the GPS Pool based on gross sales. The program subsequently
determines the qualification of each SA or account in earning the GPS based on the minimum
qualification requirement. The system will then total the number of Pool Shares earned by qualified
Business Executives and determines the prorated value per share by dividing the GPS Pool by the
aggregated number of shares earned by qualified Business Executives. Finally, GPS earning is computed
by multiplying the prorated value to the total number of GPS Shares earned by qualified Business
Executives.
Requirement for Full Eligibility in myLX Program
You are automatically qualified to earn incentives within thirty (30) days from the activation date of your
myLX Sales Account. Subsequently, you are required to continuously and regularly purchase or redeem
products to keep your qualification and full eligibility to earn in the program. There are two (2) ways:
• As a Dealer or Retailer of LoadXtreme®, you must maintain a minimum cumulative reload
transaction value equivalent to One Thousand Pesos (PhP1,000.00) in a calendar month and
every month thereafter. Whenever your reload transactions reach the minimum, your
qualification to earn fully in myLX shall be set until the last day of each calendar month. Or;
• Purchase or redeem products with a minimum Sales Point (Gold or Silver) value of ten (10) to
qualify and become fully eligible in all the incentive features of myLX for one (1) calendar day.
This means that whenever you purchase or redeem products from myLX, the equivalent SP of
your transaction extends the period of your full eligibility in myLX. This qualification period is
referred to as your Full Eligibility Period or FEP.
When your FEP ends due to inactivity or non-compliance with the requirement, your earnings shall be
restricted from encashment or transfer. You may however be able to convert your earnings to
LoadXtreme® loadwallet credits. Your full qualification to earn all the incentives will only be reinstated
when you satisfy any of the full eligibility requirements as stated previously.
9. Business Executive Program
Definition of Terms
Sales Account (SA) is a unique number assigned to you as your identification in the
myLX Program.
Sales Points (SP) The amount of point value assigned to each product. SP is used
in computing all the incentive features of the myLX Program.
Downline Pertains to any Business Executive that directly or indirectly
joins under your sales network structure.
Sales Score (Score) Refers to the instance when the cumulative Gold SP on
both Sales Teams (Sales Team A and Sales Team B)
becomes equal at 400 points. myLX determines these
occurrences to compute the TSB of a Business Executive.
Full Eligibility
Period (FEP) Refers to the number of calendar days that a Business Executive
is eligible to earn all the incentive features of myLX.
Dealers Sales Volume (DSV) Refers to the cumulative and total amount of sales transactions
of the retailers tagged under your LoadXtreme® Dealership
account in one calendar month.
Team Sales Volume (TSV) Refers to the total amount of DSV of your downline Business
Executives up to 8th generation of account (SA) sponsorship.