Spartacan,
You are indeed correct in your assumption. However, just a small note of caution; the company sadly has a poor track record in promising all kinds of deals to new DECs and then subsequently failing to deliver. There is a rather rapidly revolving door with experienced chaps like yourself and Bonzoboy who join believing it will suit them only to find that reality fails to match expectations and they are gone within 6 - 12 months.
Hopefully, the company will at long last try its best to reach a 'win-win' situation in this regard.