Engagement Level Updates

Contract Price is calculated as a percentage of client’s income.

• At the time of the Contract Execution, client’s income is estimated using their current pay rate.
• Over the execution of the Contract Term, client’s actual earned income may not match that estimate.
• Increases or decreases to client’s income may be reflected in an updated Contract Purchase Price and with an updated payment schedule.

Income Updates

Clients are required to report major changes in income.

Decreases:

• All clients are required to report any decrease to income or a termination of employment within 30 days.
• Changes to upcoming payment schedule are issued by Beast Daddy Debt Collector on a case-by-case basis.
• This may result in a reduction in payments or a Contract Deferment.

Increases:

• For Security Levels 1-7, reporting income increases during a Contract Term is optional.
• For Security Levels 8-11, reporting increases is mandatory.
• Clients have three options for paying the increase:
  • Add the increase to the existing payment schedule.
  • Create an additional payment schedule.
  • Make a one-time lump sum payment.*

* Note that the lump sum payment option is available exclusively when reporting income updates, and may not be used for standard Engagement Level updates.

Contract Conversions

Conversions to different Security Levels are done in the same manner as initial contracting.

• Conversions to Security Levels 4-7 are handled through the Public Contract Portal.
• Conversions to Security Levels 8-11 are available by invitation only.
• Security Levels 1-3 are not offered as a conversion option.