Clause pay or play

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August undefined, 2024

WebNov 28, 2016 · No Pay, No Play laws make it so that a driver who neglects to purchase insurance cannot collect certain damages from the insurer of anyone who hits them. Drivers in No Pay, No Play states can, however, receive compensation for things like property damage, medical bills, and lost wages. As of 2011, new No Pay, No Play legislation was … WebJan 4, 2016 · One of the most coveted clauses in entertainment industry contracts is the Pay or Play Clause. But, the term “Pay or Play” is a commonly misunderstood term. Or, more precisely, it's a commonly …

Producer’s Guide: Pay or Play Clauses Wrapbook

WebJul 30, 2015 · Another important aspect of compensation is whether you are “pay or play.” As it sounds, “pay or play” requires that the actor be paid regardless of whether the actor’s services are ever actually used. An actor who is given a pay or play clause is in a good position as regardless of the development of the project, the actor is being ... WebFeb 20, 2024 · A pay or play clause (or pay or play contract) is a bargaining chip, often used to secure an above-the-line heavy-hitter; an actor, for example, may sign onto a project knowing that whether they work or not, … gerd other names

VC Term Sheets – Pay to Play Provisions

WebJun 15, 2011 · In section 9:50.70 (c), Tony states that a “pay-or-play” agreement is one in which the performer’s “compensation is earned in full under any and all circumstances … WebJan 4, 2024 · More specifically, the term “pay or play clause” has come to refer to a wide variety of contractual situations. In summary, the pay or play provision states that … gerd or heart attack women

The Latest Changes in VC Deal Terms — Pay-to-Play

Understanding the Importance of Pay or Play Clauses: Part 2

WebOct 26, 2024 · Pay-or-Play language is a heavily negotiated contract clause for above-the-line talent. The simplest meaning is this: The commitment by a studio to pay the talent, regardless of whether the studio ... WebApr 27, 2024 · So how does a force majeure clause impact a pay-or-play deal? Typically, if a force majeure is invoked, the talent can find work elsewhere; however, in the current … christine baskets youtubeWebpay or play. Nothing herein shall be deemed to obligate the Company to use Employee's services pursuant hereto or otherwise and the Company shall have … gerd over the counter

"WebMay 19, 2011 · Pay-to-play provisions are designed to provide a strong incentive for investors to participate in future financings. In their simplest form, such provisions require existing investors to invest on a pro rata basis in subsequent financing rounds or they will lose some or all of their preferential rights (e.g., anti-dilution protection ... " - Clause pay or play

Clause pay or play

The “Pay or Play” Clause in Film and TV Contracts

WebJun 15, 2011 · In section 9:50.70 (c), Tony states that a "pay-or-play" agreement is one in which the performer's "compensation is earned in full under any and all circumstances … WebJul 23, 2024 · A pay-to-play clause may benefit you and all investors; however, it can also put you at odds. Energy entrepreneurs have a slightly different playing field than other …

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WebRelated to Pay or Take. PAY OR PLAY 2.20.1 The requirements and terms of the City of Houston Pay or Play program, as set out in Executive Order 1-7, as revised from time to time, are incorporated into this Agreement for all purposes. Contractor has reviewed Executive Order No. 1-7, as revised, and shall comply with its terms and conditions. … WebThe Company hereby covenants and agrees that the holders of Series D Preferred will not be subject to any pay -to- play or equivalent obligations or provisions with respect to their shares of Series D Preferred. Sample 1. Pay to Play Provisions. If a Purchaser is given the opportunity, pursuant to this Section 3, to purchase its pro rata ...

WebPay or Play Report Sample Clauses. Filter & Search. Clause: Pay or Play Report. Contract Type. Jurisdiction. Country. Include Keywords. Exclude Keywords. Additional filters are available in search. Open Search. Parent Clauses. Drug Forms; General Performance Guarantee Provisions; Measurement Criteria; WebJan 6, 2024 · Here are a few distinguishing features of a pay or play clause: Determining Payment by Default The default payment clause spells forth the ramifications of any …

WebPay-or-Play Contract Law and Legal Definition. A pay-or-play contract is a contract in which one party agrees to perform and the other agrees to pay for the promised performance. The second party agrees to pay even without demanding a performance. Usually, pay-or-play contracts are made in the entertainment industry. WebSample 1 Sample 2. Save. Copy. PAY-TO-PLAY. In the event a Stockholder or its assignee does not purchase its Pro Rata Share of 15,625,000 shares of Series CC Preferred Stock proposed to be issued under that certain Series CC Purchase Agreement, dated as of June 26, 2008, as amended (“Purchase Agreement”), by the Second Closing (as defined ...

WebA pay or play clause in a Film and TV agreement simply means that an individual who is being contracted to provide various services on a Film or TV production is guaranteed …

WebMar 2, 2024 · A pay or play clause is an item in a contract that guarantees one party will pay the other, even if the latter is released from the contract and their services are not used. In other words, a … gerd out of breathWebIn filmmaking, a guarantee, or informally a "pay-or-play" contract, is a term in a contract of an actor, director, or other participant that guarantees pay if the participant is released … gerd over the counter medicationWebJun 5, 2024 · Pay to Play is a very common clause in any investment agreement and plays a very important role in any down round. Down Round refer to a company issuing shares … christine baskets quotesWebOct 15, 2024 · One tool that can encourage investors to continue to participate in funding is called a “pay to play provision.”. This is a relatively new provision popularized since the beginning of the 21st century. While the provision may seem harsh to some, many investors will agree to it, which can significantly help support a new enterprise. christine baskets showWebA contract can have both a pay-or-play clause and be guaranteed - but a pay-or-play clause isn't itself a guarantee. The phrase "through no fault of their own" seems a little too christine bassonWebJan 6, 2024 · In the pay or play clause, producers should also consider precedents. They can help to reduce risk by requiring the other party to perform and preventing sly contract breaches. Anticipating Exceptions christine bassey fordWebJun 12, 2024 · Not knowing what these terms mean, they jump on a call with their lawyer and she walks them through the terms of the proposed “cram down” (also called a “pay-to-play”) as follows: All current preferred stock is converted to common stock at a 1:1 ratio. That ratio can be negotiated but it is meant to “wipe out the preferred.”. gerd over the counter meds