07/17/24
Growth Rebate: 10% rebate on growth dollars from previous period.
First rebate paid out in February of 2025 based on July–December 2024 purchases over January–June 2024 purchases. Future rebates paid out in August and February following their respective rebate periods.
End Date: Continuous every six months, subject to change.
Payment Method: Credit paid via ACH.
Rebate Periods
- Period 1: Fiscal January through fiscal June
- Period 1 will be compared to Period 2 from the prior year to determine growth dollar for rebate.
- Period 2: Fiscal July through fiscal December
- Period 2 will be compared to Period 1 of the same year to determine growth dollar for rebate.
Rebate Periods
- Must exceed $20,000 in purchases in each period to qualify.
- High-water mark in effect. Once a rebate is paid, that establishes the high-water mark for dollars purchased in a period. To be eligible for future rebates, rebate period must be greater than the high-water mark.
Example 1
- Period 1 2024: $45,000 in purchases–becomes your starting point.
- Period 2 2024: $65,000 in purchases–establishes your high-water mark.
- Growth $ = $20,000
- 10% Rebate = $2,000
- Paid in February 2025
Example 2
- Period 1 2025: $50,000 in purchases–less than high-water mark.
- No rebate
- Period 2 2025: $70,000 in purchases–establishes a new high-water mark.
- Growth $ = $5,000 from previous high-water mark ($65,000)
- 10% Rebate = $500
- Paid in February 2026