Policy 17 permits the inheritance of a Melaleuca business to a single person, a married person, or a trust or corporation that complies with Melaleuca’s Statement of Policies and the related applicable guidelines and contracts. In general, upon a Marketing Executive’s death, Melaleuca will recognize the inheritance of a Melaleuca business as designated by will or other legal means to the following persons or entities: WHO CAN INHERIT A MELALEUCA BUSINESS? A married couple or individual who does not already have an interest in a Melaleuca business. Note: Per Melaleuca policy, Marketing Executives may not operate or have a financial interest in more than one Melaleuca business, which means that unless Melaleuca expressly permits otherwise, a current Marketing Executive would not be allowed to inherit another business. However, Melaleuca will generally (almost always) make exceptions to this rule for inheritance by or for your children or grandchildren. A trust or corporate entity whose sole beneficial owners and officers are a married couple or individual in accordance with Melaleuca’s Statement of Policies and related guidelines for ownership of a business by a trust or corporate entity.
In the case of an inheritance where Melaleuca allows for multiple beneficiaries, one beneficiary will become the Designated Manager, and that person must have at least as much interest in the business as any other beneficiary. The Designated Manager will be responsible to take the actions necessary to satisfy the requirements of Melaleuca’s Statement of Policies and Compensation Plan. The Designated Manager and, in most cases, the other beneficiaries will be required to agree to the terms and conditions of the IMEA as well as an additional inherited business addendum. Changes of ownership or in the Designated Manager after inheritance are discouraged and will be permitted at Melaleuca’s sole discretion and, in any case, must be approved by Melaleuca in advance or the inherited business will no longer qualify for commissions. Marketing Executives may not share ownership in a Melaleuca business with any person other than their spouse, which means that except where Melaleuca expressly permits otherwise (e.g., for married couples), multiple individuals cannot share or inherit a business. Melaleuca will generally make exceptions to this rule so parents can pass their business to multiple children, allowing siblings to share a business.
4 LEAVING A LEGACY
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