Bonus Payment Terms and Conditions

1. I/we the undersigned, understand that Amway (Malaysia) Sdn Bhd/Amway (B) Sdn Bhd may during my/our ABOship, make payments of bonuses and/or other payments to me/us from time to time as incentives for my/our performance goals.
2. The assessment for bonuses and/or other payments pursuant to Amway’s Sales and Marketing Plan is subject to Amway’s sole discretion.
3. I/we agree that all rights in the Amway ABOship shall remain in the name of the principal applicant in accordance with my/our registration.
4. I/we agree to provide my/our bank account/payment information together with all other information and documents requested by Amway pursuant to Amway’s Rules of Conduct to facilitate the payment of my/our bonuses and/or other payments. I/we further understand that no third-party account can be submitted.
5. I/we understand that notwithstanding the fact that I/we may specify a particular account for the payment of bonuses and/or other payments, the payment methods are subject to Amway’s sole discretion.
6. For joint ABOships, I/we may specify that my/our bonuses and/or other payments be paid into:
a. the principal applicant’s account; or
b. a joint account held by the principal applicant and a co-applicant; or
c. the co-applicant’s account provided that he/she is a citizen or a permanent resident in the country where the ABOship is registered.
The principal applicant shall have the exclusive right to specify any changes to the above payment instruction where the co-applicant is not a citizen or a permanent resident in the country where the ABOship is registered.
7. I/we understand that upon the expiry of the grace period for non-renewal or in the event of termination or resignation, my/our right to any bonuses and/or other payments will be forfeited, regardless of when my/our right arose.
8. In the event of a dispute between the parties to the ABOship, I/we agree that all bonuses and/or other payments will continue to be paid in accordance with the last payment instruction to maintain the status quo until such time a mutual agreement is reached as to which party will operate the ABOship.
9. I/we hereby warrant that all particulars submitted herein are true to the best of my/our knowledge and agree to indemnify Amway and hold Amway safe and harmless against any loss or damage which may arise for any claims whatsoever, whether in contract, tort or otherwise which may arise from my/our breach of the Amway Rules of Conduct and all relevant terms and conditions.
10. Bonuses and/or other payments to a legal entity (which acceptance of such application is subject to Amway’s rights pursuant to the Amway Rules of Conduct) shall be paid into an account operated by such legal entity. No personal account shall be permissible in such an instance.
11. Notwithstanding this policy, Amway reserves the right to make any decision in special cases on a case-by-case basis at its sole discretion, and which decision shall be final and binding.


IMPORTANT

1. The payment of bonuses and/or other payments are subject to all taxes currently in force in accordance with any applicable laws, regulations, codes, and regulatory requirements as may be required from time to time.
2. Amway will comply with all tax reporting requirements in accordance with any applicable laws, regulations, codes, and regulatory requirements as may be required from time to time.
3. For tax reporting purpose, the bonus and/or other payments are considered received by the ABO upon the payment performed by Amway through whatsoever payment method.
4. Please contact our Customer Careline at myhelpdesk@amway.com if you require further clarification.