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The MVP Program is based on the voluntary participation of three parties:
MVP Beneficiaries are registered in the name of the legal entity of the company purchasing LATICRETE Product. A designated representative (MVP Contact) is associated with each MVP Beneficiary,
and this MVP Contact must attest that they are empowered to act on behalf of the MVP Beneficiary in all aspects related to the activation of the account, and any changes to account information,
and custody and redemption of any benefits paid out to the MVP Beneficiary.
LATICRETE offers the MVP Program as a benefit to its direct and indirect customers and clients as a means of building brand preference and loyalty, and providing enhanced services to its
largest and most important users.
In the MVP Program, there can be multiple MVP Distributors for each MVP Beneficiary. The MVP Beneficiary may buy LATICRETE product wherever they choose, but must sign-up their designated MVP
Distributor(s). The MVP Distributors are designated by the MVP Contact at the time of initial sign-up, and such designation(s) can be changed upon annual renewal, or as necessitated by the
withdrawal or removal of its MVP Distributors from the MVP Program. Each MVP Distributor must agree to provide directly to LATICRETE formatted, quarterly purchased reporting on behalf of the
MVP Beneficiaries are deemed to agree to all of the Terms and Conditions herein by acceptance and/or use of any of the benefits of participation in the program. If the MVP Beneficiary does
not agree with these Terms and Conditions, as amended from time to time, the MVP Beneficiary should not use any benefit LATICRETE offers in the MVP Program. The MVP Beneficiary may withdraw
from the program at any time with written notice to firstname.lastname@example.org.
An account for an MVP Beneficiary is initially established only by a LATICRETE Representative, as approved by a LATICRETE Regional Manager or Director.
The LATICRETE Representative confirms the Terms and Conditions with all parties and submits necessary information to the LATICRETE MVP Coordinator,
After confirmation of all information and forms, the MVP Coordinator establishes the account, and notifies all parties, including the LATICRETE Representative and Region Manager
or Director, of its initiation.
Major financial benefits include Visa gift cards, good for travel awards, branded merchandise and other various special offers.
Points are calculated based on LATICRETE product purchases reported by the designated MVP Distributors via their quarterly reporting. Points are awarded irrespective of total reported
purchases of LATICRETE product.
MVP Distributors must submit timely quarterly reports of LATICRETE product purchases for all MVP Beneficiaries for whom they are the designated MVP Distributor, within 10 days
of close of quarter. These reports must be electronic, in Excel format, with detail by MVP Beneficiary and LATICRETE products purchased.
Report formatting must be standardized to speed processing and to assure accuracy. See www.laticretemvp.com/DistributorReporting
for formatting requirements. MVP Distributor reports must be submitted to: email@example.com.
MVP Distributor reports of LATICRETE product purchases by MVP Beneficiary are deemed to be "On Time" if received no later than the tenth business day after the close of a
calendar quarter. Reports received after this date will be processed as a part of the calculations for the following quarter.
LATICRETE reserves the right to audit an MVP Beneficiary’s account at any time without notice to ensure compliance with MVP Program Rules and Conditions and to maintain the integrity
of reported LATICRETE purchases. In the event an audit reveals discrepancies or violations, LATICRETE may delay awarding of Points and/or awards until such time as all discrepancies
or violations are resolved.
MVP Contact is responsible to maintain all account information in a correct and timely manner. MVP Contact will have access to all pertinent account information by logging on to
www.laticretemvp.com. A username and password are required. If you need assistance in logging on to view account details, contact your LATICRETE
Representative or Region Manager or firstname.lastname@example.org.
Each year in the fourth quarter, MVP Contacts will be asked to confirm all account information. Failure to respond to requests to renew may result in de-activation of MVP Beneficiary’s
participation in the MVP Program.
MVP Contacts will have access via their online account to a complete history of MVP Quarterly Statements. These statements include information about reported purchases, point balances,
expiration dates, totals and redemptions.
LATICRETE reserves the right to de-activate or close the account of an MVP Beneficiary under the following circumstances:
Upon de-activation or closure of a particular account, all processing of reporting for the purposes of payment of rebates or issuance of points is terminated for that account.
Points are valid for three (3) years, and expire if not redeemed while valid. For example, points awarded for reported purchases made in the second quarter of 2011 will expire and
are invalidated at the beginning of the third quarter of 2014.
This expiration applies to all points issued under any previous version of the MVP Program. Expired points will begin to deduct from point balances starting the first quarter of 2015.
All efforts are being taken to offer MVP Beneficiaries the opportunity to redeem outstanding points prior to the commencement of the expiration policy.
LATICRETE reserves the right to change program Terms and Conditions, benefits, awards and special offers without notice. LATICRETE reserves the right to terminate the MVP Program
partially or entirely with six (6) months’ notice. Unless otherwise stated, the MVP Program Rules and Conditions in effect at the time of redemption of any benefit will
govern the transaction.
Some or all parts of the MVP Program may not be legal in certain states. Consequently, the MVP Program is void where prohibited by law.
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