Professional Documents
Culture Documents
Distribution Program
Guide
Distribution Partners
April 2021
Introduction to the Veritas Partner Force
Distribution Program Guide
This Veritas™ Distribution Program Guide (“Program Guide” or “Guide”) describes Veritas
Partner Force (VPF) Distribution Program (“Program”) requirements and benefits. It is
designed to provide the Veritas Distribution Partner community (referred to as “Distributor”
“You” or ”Distribution Partner” within this Guide) key information on Program framework,
benefits, tools and resources with links to relevant PartnerNet pages for quick access to
benefit administration.
Please note that this Program Guide, including the Financial Benefit Overviews it contains
and the Supplements referenced (Partner Tier Accreditation Requirement Supplement)
and hyperlinked in this Program Guide, are part of and are incorporated into your current
Veritas Partner Force Program Agreement, which is accepted online as part of enrolling
in and/or accessing benefits of the VPF (“VPF Enrollment Terms”) (collectively, “VPF
Agreement”). Your VPF Agreement, including the most current Program Guide, is a legal
agreement which overrides and replaces any previous Program Guide, Financial Benefit
Overviews and Supplements concerning the same subject matter and any conflicting
material or information on our websites.
Subject to your VPF Enrollment Terms, the terms of a Supplement, this Program Guide and
the VPF Enrollment Terms control, in that order of precedence, if there is a conflict of the
terms between and among such documents. Please note that Veritas reserves the right, in
our sole discretion, to modify the Program Guide and Supplement(s) at any time.
This Program Guide does not describe any Veritas regional or product-specific promotions
that may apply in a partner’s local market. Veritas may publish additional fact sheets and
program information on the partner and/or region-specific areas of PartnerNet or by other
means to eligible partners.
VPDF Appendix..................................................................................................... 19
Plan
Benefit Description
Veritas’ Access to Veritas’ partner portal housing valuable information, resources, training, and tools. PartnerNet
PartnerNet includes Financial Benefits pages for eligible Partners to access, administer, and track transactional and
Portal strategic financial benefits.
https://partnernet.veritas.com/portal/faces/programs
Distribution Success Engage directly with a Veritas Distribution Success Manager (DSM) to develop your relationship and grow
Manager your business with Veritas.
https://partnernet.veritas.com/portal/faces/programs/business-plan
Market Planning A Veritas channel marketing champion in coordination with your DSM will help you to proactively plan joint
marketing activities. Your DSM will help you engage with channel marketing.
https://partnernet.veritas.com/portal/faces/programs/business-plan
Veritas Partner Access to dedicated proposal-based marketing and business development funds designed to help you drive
Development profitability and market differentiation.
Funds https://partnernet.veritas.com/portal/faces/programs/vpdf
Enable
Benefit Description
Sales & Access to no-cost online training courses, assessments, and other material designed to enhance product and
Technical solution knowledge. Learn how to position and sell Veritas products.
Pre-Sales Training https://partnernet.veritas.com/portal/faces/training
Post-Sales Fee-based Veritas Certified Specialist (VCS) exams and labs are available but you can also access
Implementation and complimentary pre-exam training, labs, study guides, and more on PartnerNet.
End-to-End Training https://partnernet.veritas.com/portal/faces/training
Sales and Access no-cost online technical pre-sales training resources and discounted Instructor-led training provided
Technical Enablement by Veritas. Learn to perform a customer demo, deliver a technical sales presentation and address competition
Assets on a technical level.
https://partnernet.veritas.com/portal/faces/training
Product Solution Access enhanced assets and collateral to support your sales, technical pre-sales and marketing efforts.
Webcasts https://partnernet.veritas.com/portal/faces/salesmarketing
Partner Tier Logos Promote your Veritas Distribution Program membership to build visibility with customers.
and Certificates https://partnernet.veritas.com/portal/faces/programs
Partner Locator A listing on the Veritas Partner Locator builds visibility and helps customers locate You.
https://partnernet.veritas.com/portal/faces/PartnerLocator
Demand Help your partners generate leads with ready-to-execute marketing campaigns through Veritas’ Partner
Generation Marketing Center. The Partner Marketing Center provides access to free customized campaigns quickly
and easily.
https://www.veritaspmc.com
Marketing Tools and Access tools and collateral to support your sales, technical pre-sales and marketing efforts. Visit the Sales &
Resources Marketing pages in PartnerNet and read the Veritas Voice (emailed partner newsletter).
https://partnernet.veritas.com/portal/faces/salesmarketing
Sell
Benefit Description
Growth Target Rebate Drive growth and earn a rebate on qualifying new business billings via your GTR benefit.
https://partnernet.veritas.com/portal/faces/programs/business-plan
Margin Builder Receive a Margin Builder (MB) discount on approved reseller partner opportunities where You have been
selected as the Authorized Distributor.
https://partnernet.veritas.com/portal/faces/salesmarketing/margin-builder
Opportunity Support resellers in developing deals and be rewarded when they place an order through You.
Registration
(reseller benefit)
Pre-Sales Technical Access Vox Community forums and knowledge bases to connect with customers, partners and employees to
Resources & Tools find solutions and share non-confidential technical knowledge.
https://partnernet.veritas.com/portal/faces/support
Product Support Product support is available with a valid product support contract. Online self-help and support case
management capabilities are available via the Veritas Support website which Partners can access from
PartnerNet.
https://partnernet.veritas.com/portal/faces/support
Revenue Requirement
The revenue threshold requirement is calculated on new and renewal billings over four quarters. The table below outlines the
required annual revenue threshold in USD based on the country location of your PartnerNet account.
* Country grouping and revenue threshold requirements are subject to change at Veritas’ sole discretion.
Accreditation Requirement
The accreditation requirement ensures familiarity with Veritas products and solutions.
Please note:
• Quantities displayed are the number of unique individuals who need to meet the respective accreditation requirement
across the exam types (VSE/VSE+). Unique individuals can be the same or different people between the exam types.
• Accepted accreditations are refreshed after Veritas’ Annual Review so a new compliance period begins with only the
most current training accepted towards partner tier requirements.
• During the compliance period as new accreditations are released, both the current version of an accepted accreditation
offered, and one version back, count towards meeting accreditation requirements. Please see the Partner Tier
Accreditation Requirement Supplement for current accepted accreditation versions.
• VSE and VSE+ are complimentary assessments and may be taken via PartnerNet on demand.
• A PartnerNet contact record must be active for the associated accreditations to be recognized under their Partner
company’s PartnerNet account. Partner contacts must log into PartnerNet at least once every six (6) months
to keep their PartnerNet contact record active.
• Accreditations are recognized for contacts within only one PartnerNet account record, and may not be shared
across accounts.
• Veritas funded heads must also be trained according to their role (i.e. Sales/Marketing take VSEs and System Engineers
take VSEs and VSE+s).
Up to 2% Rebate
Veritas Managed Partners
Growth Target Rebate (GTR) Paid from $1 on qualifying new billings
Up to 5% Rebate
Disti Managed Partners
Distribution Partners will receive a set of independent quarterly targets for qualifying new business transacted with Veritas
Managed partners and a set of independent quarterly targets for qualifying new business transacted with Distribution
Managed partners.
• ‘Veritas Managed’ is Global Strategic Partners/Global System Integrators, Platinum, and Gold partners.
• ‘Distribution Managed’ is Silver, Registered, and Not Enrolled partners.
All targets will be issued at the beginning of the Veritas fiscal year via the Financial Benefit Portal as a revenue objective in
each Distribution Partner’s business plan.
There are Distribution Partners with multiple country-specific PartnerNet accounts within the same Geo due
to language preferences on PartnerNet, independent operating structures, or other reasons. In such cases,
Qualifying Billings with a bill- to corresponding to the country of the Distributor’s PartnerNet account will be
attributed to that PartnerNet account.
The GTR is calculated quarterly, after the close of Veritas’ Fiscal Quarter and paid to Eligible Distribution
Partner in the applicable currency approximately four (4) to six (6) weeks after the end of Veritas’ Quarter.
Please refer to the Financial Benefits Qualifying Business and Terms section of this Guide to review the most
current definition of what qualifies as Qualifying Billings, exclusions and further terms and conditions.
Veritas provides Eligible Distribution Partners access to VPDF on a quarterly basis via the Financial Benefits Portal
(Quarterly Budget). Veritas reserves the right to determine VPDF consumption at its sole discretion.
Veritas will review the submitted Activity request, and assess it based on alignment to Veritas corporate and regional
strategy, clearly articulated value proposition(s), and proposed Return on Investment (“ROI”).
Key criteria for Veritas’ evaluation of the Activity(ies) are:
• Alignment with Veritas sales and marketing campaigns.
• Activity(ies) timing and complexity (i.e. Eligible Distribution Partner ability to successfully execute).
• Projected ROI of the Activity(ies).
• Additional marketing and business development activity(ies) and investments funded by the Distribution Partner that
support or complement the Activity request.
Veritas will use reasonable efforts to respond to Eligible Distribution Partner within five (5) business days from the Activity
submission date, to indicate whether Veritas approves, denies, or requests modifications to the Activity.
Upon notification of approval via the Portal, Eligible Distribution Partner may begin execution of the defined Activity(ies),
unless additional action is required as notified to Eligible Distribution Partner. For example, some Activity(ies) may require
acceptance of additional terms and conditions.
In completing the Claim, Eligible Distribution Partner must upload the required Reimbursement Invoice to Veritas and POP
information (e.g. detailed invoices, dated receipts, vendor agreements, etc.) as outlined in the VPDF Appendix attached to
this Program Guide. Lack of POP and ROI information, and documented expense support – such as invoices – will result in
the Claim being returned to Eligible Distribution Partner for corrective action (i.e. attaching any requested documentation).
Once POP and ROI information has been received for the specific Claim, Veritas will use reasonable efforts to approve the
Claim within five (5) business days.
Payment on an approved Claim can take approximately three (3) to five (5) weeks from the date of approval, if Eligible Partner
is in good standing with Veritas Accounts Receivables. Only Claims submitted via the Portal can be processed for payment.
Funds belong to Veritas, and are intended for Veritas, at its sole discretion, to reimburse Eligible Distribution Partner for
approved Activity(ies). Veritas reserves the right to alter or withdraw this Benefit at any time. However, such changes will
not affect any Claim(s) approved prior to Veritas’ announcement. Veritas reserves the right to deny reimbursement for any
activity which Veritas deems inappropriate or inconsistent with pre-approved Activity(ies). All Activity(ies) will be funded at
the discretion of Veritas. Funding is not guaranteed and Veritas reserves the right to adjust the amount of available funds
at any time. Veritas reserves the right, from time to time, to allocate funds to offset Veritas’ costs associated with a
standard diligence review performed on a Distribution partner by a third party firm, where required as part of Veritas’
partner compliance program.
Eligible Distribution Partner is required to maintain their Distribution Partner membership in good standing for continued
participation in the VPDF benefit:
• In the event of a change of ownership of Eligible Distribution Partner, VPDF will not automatically be provided to the
new owner. Veritas will review the situation, and may reallocate funds provided the new owner has been granted a
qualifying status.
• If your PartnerNet account is in Suspended status, you will be ineligible for all Veritas Distribution Program benefits
including VPDF. Should your account return to Member status at a future date, any previously Approved or Claimable
VPDF activities are potentially forfeited.
Please refer to the additional terms in the General Terms and Conditions for All Financial Benefits section of
this Guide.
The Veritas MB benefit rewards Eligible Reseller Partners who actively identify, develop, and close incremental
commercial/mid-market sales opportunities for eligible products. As a valued Distribution Partner, please familiarize
yourself with MB to create awareness, drive demand and empower resellers:
• Learn about the MB benefit by reviewing the MB Overview section and Financial Benefit Qualifying Business & Terms
section of the reseller VPF Program Guide.
• Communicate the value to Eligible Reseller Partners.
Platinum Up to 25%
Gold Up to 20%
Silver Up to 15%
Registered Up to 10%
*Veritas MB Eligible Products are Backup Exec, Desktop Laptop Option (DLO) and System Recovery.
Please note:
• Formal notification will be sent from the MB tool via automated email to the email address used by the reseller partner
to register the deal. The Authorized Distributor selected on the MB registration will also receive a copy of the approval
email from the MB tool. Verbal approvals are not granted and Veritas sales representatives are not authorized to provide
Benefit approvals.
• The approved opportunity must be transacted with the same Distributor selected upon registration. Veritas requires the
transaction placed to Veritas by an Authorized Distributor to specifically list Eligible Reseller Partner, the end customer
for which the Deal ID is issued and the Deal ID. The Deal ID should be placed in the shipping instructions or where a
partner normally places a Business Approval Number / Special Pricing Identifier when exception pricing is required.
• Veritas will provide sufficient discount to the nominated Authorized Distributor to enable them to provide Eligible
Reseller Partner with an additional recommended discount on closed deals approved via the MB tool. Any actual pricing
will ultimately be as agreed between the Authorized Distributor and the Eligible Reseller Partner. Veritas does not
guarantee to resellers that the Authorized Distributor will pass on the recommended discount. A deal is “closed” if it
meets all eligibility criteria, and the order is booked by Veritas.
• Veritas reserves the right to update the MB Eligible Products from time to time and such updates will be published via
PartnerNet.
Rare exceptions to this policy are granted at Veritas’ sole discretion. Examples of an approved exception:
• The Authorized Distributor the reseller selected upon registration has been un-responsive to the request to quote.
• The Authorized Distributor the reseller selected upon registration is in the process of retiring its distribution agreement
with Veritas.
• The end-user client has confirmed that they will only purchase through their reseller if they use a different distributor.
As a valued Distribution Partner, please familiarize yourself with OR to create awareness, drive demand and empower
Eligible Reseller Partners:
• Learn about the OR benefit by reviewing the OR Overview section and Financial Benefit Qualifying Business & Terms
section of the reseller VPF Program Guide.
• Communicate the value to Eligible Reseller Partners.
Silver 5%
Gold 8%
Platinum 12%
*Approved opportunities in Veritas’ top 250 global customer accounts and subsidiaries are eligible for half the applicable
partner tier Opportunity Registration rebate percentage (i.e. Platinum 6%, Gold 4%, Silver 2.5%).
Please note:
Eligible Reseller Partner must provide their deal identification number (Deal ID, formerly “OPID”) to their Veritas Authorized
Distributor selected at time of deal registration, for inclusion on the order for tracking purposes and to aid in the rebate
validation process. Veritas requires the transaction placed to Veritas by an Authorized Distributor to specifically list Eligible
Reseller Partner, the end customer for which the Deal ID is issued and the Deal ID. The Deal ID should be placed in the
shipping instructions or where a partner normally places a Business Approval Number / Special Pricing Identifier when
exception pricing is required.
Registrations are valid for nine (9) months from the date of opportunity approval by Veritas. Requests for a 90-day
extension beyond the initial 9-month timeframe must be submitted via email to the appropriate regional partner
program operations team prior to the expiration of the submitted opportunity registration.
Errors and Anomalies. Veritas assumes no responsibility for any error, omission, interruption, deletion, defect, delay in operation or transmission,
communications line failure, theft or destruction to or unauthorized alteration of reports or any electronically transmitted information. Veritas is not responsible
for any problems or technical malfunctions of any telephone network or lines, computer on-line systems, servers, providers, computer equipment, or software;
or the failure of any e-mail to be received by Veritas because technical problems or traffic congestion on the Internet or at the https://partnernet.veritas.
com website or at any tool utilized to register, submit or claim benefits.
Rebate Payments. Any Eligible Partner who has received payment(s) in excess of its entitlement shall be required to refund the excess amount to Veritas
within 30 days of receiving a written request from Veritas to do so. Rebate payments are made directly to the Eligible Distribution Partner via wire transfer
- payments will not be made in any other form other than wire transfer. To receive a rebate payment by wire transfer, Eligible Distribution Partner must have
completed Veritas’s vendor form and supplied Veritas with its banking details to prevent payments from being delayed.
• China/Russia Only. If requested by Eligible Reseller Partner in China or Russia, rebate payments may be remitted to Authorized Distributor via Credit
memo, as applicable.
Taxation, Accounting, and Offset. There may be tax and accounting consequences to Eligible Distribution Partner that result from participating in the
Veritas Distribution Program. Veritas will not be remitting any taxes (including, but not limited to, any withholding taxes, value added, sales, use, goods and
services, transfer, consumption or transaction taxes (“Indirect Taxes”), as well as gross receipts, excise and other taxes) on Eligible Distribution Partner’s
behalf, nor providing Eligible Distribution Partner with tax and/or accounting related advice or documentation. Eligible Distribution Partner is solely responsible
for ensuring that any taxes or accounting treatment arising from Eligible Distribution Partner’s participation in the Veritas Distribution Program. Veritas
may request Eligible Distribution Partner provide an invoice for the Benefit with any applicable taxes or charges, based on local country regulations and
requirements. Veritas reserves the right to withhold and cancel payments for this and other Veritas Financial Benefits. Veritas may also elect to apply Benefit
payments as credits to Eligible Distribution Partner’s outstanding Veritas Accounts Receivable balance. Veritas does not waive any rights in cases of Veritas
clerical error or miscalculation, and reserves the right to recover or offset for any overpayment or duplicate payment at all times..
• Tax Invoices Global – VPDF. Eligible Distribution Partner agrees that, unlike other Financial Benefits available from Veritas, for VPDF it will raise invoices
for claims made by it for reimbursement. Tax shall not be charged unless applicable by law. Eligible Distribution Partner agrees that it will promptly inform
Veritas if it ceases to be tax registered, transfers its business or part thereof as a going concern or becomes tax registered under another Tax ID/VAT/ABN/
GBN ID or number.
• VAT Invoices (EMEA Only). Except for VPDF reimbursement claims, Eligible Distribution Partner agrees that it will not raise VAT invoices for claims
made by it under the Veritas Distribution Program (unless requested to do so by local law, regulations or requirements or by Veritas - in such cases, Eligible
Distribution Partner will be required to upload the same to the Financial Benefits Portal, before the payment can be processed) Eligible Distribution Partner
agrees that Veritas will prepare and raise self-billing invoices for such claims made by Eligible Distribution Partner under the Veritas Distribution Program.
Eligible Distribution Partner agrees that is will promptly inform Veritas if it ceases to be VAT registered, transfers its business or part thereof as a going
concern or becomes VAT registered under another VAT number. Subject to receipt of the applicable information, Veritas agrees that it will complete self-
billing invoices showing Eligible Distribution Partner’s name, address and VAT registration number and all other details which constitute a valid VAT invoice.
Returns Implications. Veritas is entitled to recover any rebates paid or refuse any rebates payable should the order be booked but subsequently returned to
Veritas/cancelled under Veritas’ then-current Returns, Cancellations, Terminations & Credits Policy (RCTC Policy, formerly known as the RMA Policy). Note that
Veritas will evaluate the impact of the return to ensure that the opportunity remains within Benefit parameters. If Veritas has already issued rebate payment
and then Veritas subsequently issues a credit pursuant to Veritas’ RCTC process for the closed opportunity, then Veritas may apply a debit to the Eligible
Distribution Partner’s account for the value of the rebate (or applicable portion thereof) and offset such debit against future rebate payments. If there is no
applicable rebate payment due to Eligible Distribution Partner in the three (3) months following the application of the debit then Veritas reserves the right to
request immediate payment in full of such debit amount.
Fraud and Collusion. Any partner organization found to be purposely submitting false information or colluding with Veritas sales representatives for
purposes of obtaining program financial incentives is subject to immediate expulsion from Benefit(s). This activity may lead to further action from Veritas to
recover any damages from rebates paid out. Verbal approvals are not granted and Veritas sales representatives are not authorized to provide benefit approvals.
Compliance. It is Partner’s responsibility at all times to comply with all applicable laws, regardless of whether Veritas is named as sponsor, and Distribution
Partner shall ensure any third parties it appoints to perform the Activities also comply with all applicable laws, including without limitation:
• Data privacy laws, in particular obtaining all relevant data subject consents.
• Marketing laws, including compliance with relevant advertising standards.
• Anti-bribery laws (and Veritas relevant policies available upon request) including the Global Anti-Corruption Policy referenced below, and
• Copyright laws (and Veritas trademark compliance and marketing and branding guidelines).
+1 (650) 933-1000
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© 2021 Veritas Technologies LLC. All rights reserved. Veritas and the Veritas Logo are trademarks or registered trademarks of Veritas Technologies LLC or its
affiliates in the U.S. and other countries. Other names may be trademarks of their respective owners.
• All proposed Activities must be approved by Veritas prior to incurring any expense and must include required anticipated
ROI information (i.e. Targeted Attendees/End Users Reached/Leads Generated and Targeted Growth as a result of
Activity).
• Any Claims submitted for reimbursement that does not meet the requirements set forth in this Appendix will not be
reimbursed to Eligible Distribution Partner.
• Reimbursement Invoice to Veritas, receipts and acceptable POP must be provided with your Claim when your claim is
submitted.
If Eligible Distribution Partner incurs expenses before the actual Activities are approved by Veritas or completed, Eligible
Distribution Partner should still submit Activities with the actual start and end date of the actual Activities. All Claim
expenses incurred whether prior to or after Activities are completed, along with appropriate Activities POP, should be
submitted in a timely manner detailing the actual dates of the event.
What Qualifies
• Post-Expenditure (reimbursement) Claims: Live Events; Breakout training sessions; Preferred partner tradeshow/
vendor demos (does not include the purchase/leasing of equipment); Key speaking opportunities; Sponsorships of
awards banquets; dinners or luncheons (see third party pre-approved Conditions above); Trade Shows*; Room/booth
space rental costs; Electrical costs and other set-up costs; Audio-visual costs; Portable booths; Refreshments served at
seminars; Trade show premiums or fees (per the established Trade Show guidelines); Veritas literature costs; Invitations
and postage; Advertisements for the seminar; Telemarketing expenses; Costs associated with speaking engagements &
presentations.
*Please note: Industry trade shows are expected to be co-funded by the Eligible Distribution Partner and as such have
a maximum reimbursement at 50% of VPDF eligible costs. In addition to required POP, Eligible Distribution Partner will
need to provide itemized proof of the full cost to receive maximum 50% reimbursement (equal to the approved activity
amount assuming all POP requirements are met).
• Pre-Event Claims of some non-refundable event types and costs can be made prior to the actual event activity end
date taking place. Types of events/costs eligible for claim pre-payment prior to activity end date are those described as
needing to be booked many months in advance even up to a year. Please note that normal Term and Conditions apply; if
there are no funds available, no claim can be made:
• Third party exhibition (booth space costs, speaker sessions, sponsorship, advertising package).
• Third party conference/event (sponsor package).
• Partner’s own developed event such as an annual conference, seminar, round table (event/venue hire & pre-event
marketing costs of invites).
• All other costs must be claimed post event activity end date.
POP:
• If Veritas is the only sponsor of event: Documentation showing what the event will entail. Invoices including line items
such as conference room rental fees, cost of production of Veritas banners, and food expenses as applicable.
• If multiple sponsors are involved with event: Documentation showing the offered levels of sponsorship (i.e. Platinum,
Gold, Silver) and what that level of sponsorship entails (i.e. 30 min of presentation time, a booth, and name on banner).
third party invoices (i.e. detailed, listing individual expense line items).
• List of attendees (companies, individual’s names and titles as available);
• Pictures of event showing Veritas representation, OR
• Copy of presentations that include Veritas, OR
• Copy of Invite and/or Mailers.
Qualifying Activities:
Eligible Media/Sales Collateral
Literature, Case Study, Infographic:
What’s covered: Original artwork, production costs and printing. To complete prior approval, required elements include:
• Proposed literature piece and mock-up of graphics.
• Quantity.
• Itemized costs.
Product or Solutions videos, audio files, Webinars, Podcast, Blog Article, Interactive eBook:
What qualifies
• Veritas Educational Services courses tuition and training fees.
• Veritas training and exam costs.
• Travel costs incurred during the training event.
• Refreshments served at session.
• Reasonable equipment rental costs.
What doesn’t qualify
• Other Sales or Technical training courses outside of Veritas Partner offering.
• No reimbursement for expenses incurred to attend non-Veritas sponsored courses (i.e. third party software).
POP:
• Reimbursement Invoice to Veritas.
• Third party invoices detailing individual expense line items.
• List of attendees.
• Copy of training materials OR picture of event showing Veritas representation.
POP:
• Reimbursement Invoice to Veritas.
• Third party invoices detailing individual expense line items.
• Copy of proposal (incl. date/time/venue).
• Invoices for equipment and or refurbishment.
• Photographs of demo facilities.
Funded Head
Description: A Funded Head (FH) is to be used to promote and drive Veritas products and services, sales and opportunities.
Approval of a FH is subject to agreed upon Key Performance Indicators (“KPIs”), established between Distribution Partner
and Veritas Account Manager and may be subject to additional terms and conditions. The FH option may not be available
in all countries.
Requirements:
Employment, Selection, and Location:
• Eligible Distribution Partner shall ensure that the FH is, and shall remain, Eligible Distribution Partner’s employee during
the period for which Veritas provides Eligible Distribution Partner with funding for the FH (“Funding Period”). All matters
relating to the FH’s employment shall be Eligible Distribution Partner’s sole responsibility including but not limited to the
level of salary, benefits and terms and conditions of employment.
• Eligible Distribution Partner shall ensure that Eligible Distribution Partner is treated for tax and employment purposes as
the FH’s employer, and Eligible Distribution Partner shall be wholly responsible for all employment and social taxes (taxes
of any kind), or other contributions and obligations given or payable in respect of the FH.
• Eligible Distribution Partner shall select the FH from amongst Eligible Distribution Partner’s current employees or recruit
a new employee. The FH shall be based at Eligible Distribution Partner’s offices.
• Eligible Distribution Partner may not hire, offer or promise to hire, as a FH, anyone related to a government official or
commercial party in exchange for a commercial business advantage or any individual that poses a conflict of interest to
Veritas or Eligible Distribution Partner (e.g. Veritas employee relative, Eligible Distribution Partner’s relative or spouse, etc.).
ROI:
• An amount determined by Veritas’s reasonable assessment processes. The Qualifying Revenue achievement level shall
be reviewed quarterly.
• Provide monthly, quarterly and annual pipeline and sales forecasts reports where requested by Veritas.
• Provide Veritas with Qualifying Revenue generated through the efforts of the FH must be at least 10:1 to the amount
of funding provided by Veritas, as any other reports reasonably required in a timely fashion including identifying key
successes and lost business.
• Ensure Funded Head has passed ten current Veritas Sales Expert (VSE) and five Veritas Sales Expert Plus (VSE+)
accreditations to ensure familiarity with Veritas products and solutions.
POP:
• Reimbursement Invoice to Veritas.
• Third party invoices (listing individual expense line items).
• Proof of total VPDF eligible costs for a maximum reimbursement at 50% of VPDF eligible costs.
• Statement of Work (including a detailed scope of services and itemized costs).
• Customer design proposal.
• Detailed Marketing Plain, a specific list of deliverables with completion timeframe, and vendor’s contact details.