Common use of Additional Awards Clause in Contracts

Additional Awards. a) If PROMOTER contracts for Additional Awards, then, subject to the provisions of Section 14, NEM may publish and distribute a supplement to the OEB posting the Additional Award(s). b) PROMOTER shall submit to NEM, no later than sixty (60) calendar days prior to the date of the Event, a list of any and all proposed Additional Awards for the Event. PROMOTER shall obtain NEM’s written consent prior to contracting for any Additional Award. NEM may reject a proposed Additional Award in its entirety, require different terms for the proposed Additional Award, or require a reallocation of the distribution of such an award among Competitors, if in NEM’s sole judgment the proposed award will not advance the nature of the competition, will have an adverse impact on the Event, or will be detrimental to the sport of automobile racing, NEM, NASCAR, any sponsors of the Event, or any sponsors of the NASCAR Sprint Cup Series. PROMOTER assumes full responsibility for, and will indemnify NEM and NASCAR against, any loss, expense or damage incurred as a result of NEM’s determination with respect to any proposed award arranged by or through PROMOTER. All Additional Awards are subject to independent verification by NEM.

Additional Awards. a) If PROMOTER contracts for Additional Awards, then, subject to the provisions of Section 1416, NEM may publish and distribute a supplement to the an OEB posting the Additional Award(s). b) PROMOTER shall submit to NEM, no later than sixty (60) calendar days prior to the date of the each Event, a list of any and all proposed Additional Awards for the that Event. PROMOTER shall obtain NEM’s written consent prior to contracting for any Additional Award. NEM may reject a proposed Additional Award in its entirety, require different terms for the proposed Additional Award, or require a reallocation of the distribution of such an award among Competitors, if in NEM’s sole judgment the proposed award will not advance the nature of the competition, will have an adverse impact on the that Event, or will be detrimental to the sport of automobile racing, NEM, NASCAR, any sponsors of the that Event, or any sponsors of the NASCAR Sprint Cup Series. PROMOTER assumes full responsibility for, and will indemnify NEM and NASCAR against, any loss, expense or damage incurred as a result of NEM’s determination with respect to any proposed award arranged by or through PROMOTER. All Additional Awards are subject to independent verification by NEM.

Additional Awards. a) If PROMOTER contracts for Additional Awards, then, subject to the provisions of Section 1416, NEM may publish and distribute a supplement to the an OEB posting the Additional Award(s). b) PROMOTER shall submit to NEM, no later than sixty (60) calendar days prior to the date of the each Event, a list of any and all proposed Additional Awards for the that Event. PROMOTER shall obtain NEM’s written consent prior to contracting for any Additional Award. NEM may reject a proposed Additional Award in its entirety, require different terms for the proposed Additional Award, or require a reallocation of the distribution of such an award among Competitors, if in NEM’s sole judgment the proposed award will not advance the nature of the competition, will have an adverse impact on the that Event, or will be detrimental to the sport of automobile racing, NEM, NASCAR, any sponsors of the that Event, or any sponsors of the NASCAR Sprint Cup National Series. PROMOTER assumes full responsibility for, and will indemnify NEM and NASCAR against, any loss, expense or damage incurred as a result of NEM’s determination with respect to any proposed award arranged by or through PROMOTER. All Additional Awards are subject to independent verification by NEM.