Terms

  1. Introduction and Acceptance of Terms.  The Securonix Rewards Program ("Program") is a promotional initiative by Securonix, Inc. to reward Eligible Representatives (defined below) for driving net-new business opportunities and increasing the adoption of Securonix's next-gen cloud-native security analytics and operations platform. These terms and conditions outline the rules, eligibility criteria, payout structure, and obligations associated with participation in the Program.  By enrolling in the Program, the Eligible Representatives agree to be bound by these Terms and Conditions (including any updates).

  2. Definitions. 
    Partner: A company or individual formally enrolled in the Securonix Elevate Partner Program and in good standing.
    Eligible Representative: A sales or business development professional employed by the Partner who is authorized to participate in the Program.
    Qualifying Opportunity: Qualifying opportunities and net-new logo bookings that meet all technical and commercial criterial outlined herein.
    SPIFF: Sales Performance Incentive Fund - a rewards card or e-card paid to incentivize specific sales outcomes.
    ARR: Annual Recurring Revenue.

  3. Program Scope. The Program is applicable to deal registrations and booked orders for new customer accounts (i.e., customers not previously engaging with Securonix (directly or through a Partner) in the previous 12 months, by making a purchase of Securonix products and/or services) that include the Securonix SaaS cybersecurity platform.  Professional services, non-recurring services, and third-party products are not in scope for the Program. 

  4. Eligibility Requirements. To be eligible to participate:
    Partner must be an Authorized Reseller and in good standing with Securonix.
    Partner has expressly consented to participation in the Program, and the sales representative's participation in the Program is in compliance with the sales representative's contractual obligations to their employer and employer's policies.
    The sales representative must:
    -be a full time employee of the eligible Partner;
    -be registered in the Securonix Partner Portal
    -enroll at www.securonixrewards.com; and
    -have completed Securonix Partner enablement training (as required).
    Deals must be:
    -Registered, approved, and qualified via the Securonix Deal Registration system prior to customer engagement.
    -The deal must be closed and invoiced within the program period to qualify for payout.
    Sales Territories: United States, LATAM, and globally in the coming months.

  5. Deal Qualification Criteria. To qualify for SPIFF rewards, a deal must meet the following criteria:
    Minimum subscription term of 12 months;
    Include at least one qualified product from the eligible product list;
    Must be net-new logo business (existing customers, renewals, or upsells do not qualify for SPIFF, except as expressly agreed by Securonix in writing); and
    The deal must be approved and qualified by the Securonix Channel Account Manager and validated by the Securonix revenue operations team.

  6. SPIFF Rewards Payout Structure.
    The Program provides a payout for qualified deal registration. The payout is provided less any applicable taxes and withholding as set forth in Section 8 will be disbursed within sixty (60) days for each qualified deal registration.
    The Program provides an additional payout for qualified deal registration that result in a customer order. The payout is provided less any applicable taxes and withholding as set forth in Section 8 will be disbursed within sixty (60) days from qualified deal registration, invoicing, and revenue recognition. 
    There is a maximum payout for each closed customer order.
    Payment Method: Rewards will be paid directly to Eligible Representatives (Partner Account Manager), not the Partner.
    Cancellations, returns, or unpaid invoices will result in disqualification or reversal of the SPIFF payout.

  7. Claim Submission Process.
    Claims submission can be submitted in the Rewards Portal.
    Qualifying Opportunities are eligible for SPIFF rewards if the eligible representative has enrolled in the Rewards program at www.securonixrewards.com. Enrollment should be completed before the deal is registered.
    Incomplete or late submissions may be rejected at Securonix's sole discretion.
    Any questions related to the claims or the program should be directed to Eligible Representative's channel account manager or reach out to channelops@securonix.com.

  8. Taxes and Withholding.  All SPIFF rewards are subject to applicable taxation under the laws of the country in which the Eligible Representative is employed. Applicable taxes will be withheld in accordance with local tax laws. Eligible Representatives are responsible for understanding the tax implications of receiving SPIFF rewards and should consult a personal tax advisor. The participant is responsible for any federal, state, or local taxes that are due. Points do not expire in the Securonix program and the Onix cards have a 24 month expiration date.


  9. Compliance and Audit Rights. Participants agree to:
    Adhere to the Securonix Partner Code of Conduct, including anti-bribery, FCPA, and cybersecurity ethics standards;
    Permit Securonix to audit any Partner records related to the Program for up to eighteen (18) months post-payout; and
    Return SPIFF reward payments immediately upon identification of ineligibility or fraud.

  10. Modifications, Suspension, or Termination. Securonix reserves the right to:
    Modify the Program Terms at any time with or without notice;
    Suspend or terminate the Program, or a Partner's participation, for noncompliance, breach of agreement, or unethical conduct;
    Retroactively revoke or adjust payouts for errors or changes in opportunity eligibility.

  11. Miscellaneous.
    Any attempt to manipulate or game the Program may result in disqualification.
    Disputes must be submitted in writing to support@securonixawards.com within (5) business days of the payout date.
    Securonix reserves the right to resolve disputes at its sole discretion.
    Participation in the Program does not constitute a guarantee of payment or future incentives.  

  12. Limitation of Liability.
    Securonix will not be liable for any indirect, incidental, special, exemplary, punitive, or consequential damages arising from the Program.
    In no event will Securonix's total liability under this Program exceed the amount of SPIFF rewards payable for the Qualifying Opportunity giving rise to such liability.

  13. Governing Law. These terms and conditions will be governed by and construed in accordance with the laws of the State of Delaware without giving effect to any principles of conflict of laws that would lead to the application of the laws of another jurisdiction. Any legal action or proceeding arising under this agreement will be brought exclusively in the federal or state courts located in Dallas County, Texas and the parties irrevocably consent to the personal jurisdiction and venue therein.