Allowable Amendments Sample Clauses
The Allowable Amendments clause defines the conditions under which changes or modifications to the agreement are permitted. Typically, this clause specifies who has the authority to propose or approve amendments, the required process for making changes—such as requiring written consent from all parties—and any limitations on what can be amended. Its core practical function is to ensure that any alterations to the contract are made transparently and with mutual agreement, thereby preventing unauthorized or unilateral changes and maintaining the integrity of the original agreement.
Allowable Amendments. In their individual contract negotiations, a player and a Team may amend the provisions of a Uniform Player Contract, but only in the following respects:
(a) By agreeing upon provisions (to be set forth in Exhibit 1 to a Uniform Player Contract) setting forth the Compensation to be paid or amounts to be loaned to the player for each Season of the Contract for rendering the services and performing the obligations described in such Contract.
(b) By agreeing upon provisions (to be set forth in Exhibit 1 to a Uniform Player Contract) setting forth lump sum bonuses, and the payment date for each such bonus, to be paid as a result of: (i) the player’s execution of a Uniform Player Contract or Extension (a “signing bonus”);
Allowable Amendments. In their individual contract negotiations, a Veteran Player (but not a Rookie) and a Team may amend the provisions of a Standard Player Contract, but only in the following respects:
(a) By agreeing upon provisions (to be set forth in Exhibit 1 to a Standard Player Contract) setting forth the Base Salary to be paid to the player for each Season of the Contract for rendering the services described in such Contract.
(b) By agreeing upon provisions (to be set forth in Exhibit 2 to a Standard Player Contract) stating that the Base Salary provided for by the Standard Player Contract shall be, in whole or in part, and subject to any conditions or limitations, protected in the event that the Contract is terminated by the Team by reason of the player’s: (i) lack of skill; (ii) disability or unfitness to play skilled basketball resulting from a basketball-related injury (“basketball-related injury”); (iii) disability or unfitness to play skilled basketball resulting from any injury or illness suffered by the player during a WNBA Season (“in-Season injury or illness”); and/or (iv) disability or unfitness to play skilled basketball resulting from any injury or illness suffered by the player during the term of the Contract (“injury or illness”); provided, however, that no Team, at any one time, may be a party to, or have any obligations to pay Base Salary under, more than six (6) Player Contracts that contain Base Salary protection of any kind during the then-current or any future Season. For purposes of the preceding sentence (i) any outstanding Offer Sheet that provides for Base Salary protection of any kind shall count against the per-team limit of six
Allowable Amendments. In their individual contract negotiations, a player and a Team may amend the provisions of a Uniform Player Contract, but only in the following respects:
(a) By agreeing upon provisions (to be set forth in Exhibit 1 to a Uniform Player Contract) setting forth the Cash Compensation to be paid or amounts to be loaned to the player for each Season of the Contract for rendering the services described in such Contract.
(b) By agreeing upon provisions (to be set forth in Exhibit 1 to a Uniform Player Contract) setting forth the Non-Cash Compensation to be paid or provided to the player for rendering the services described in such Contract.
(c) By agreeing upon provisions (to be set forth in Exhibit 1 to a Uniform Player Contract) setting forth lump sum bonuses, and the payment schedule therefore, to be paid as a result of:
(i) the player’s execution of a Uniform Player Contract or Extension (a “signing bonus”), (ii) the exercise or non- exercise of an option pursuant to Articles VII and XII, (iii) the player’s achievement of agreed-upon benchmarks relating to his performance as a player or the Team’s performance during a particular NBA Season, subject to the limitations imposed by paragraph 3(c) of the Uniform Player Contract, or (iv) the player’s achievement of agreed- upon benchmarks relating to his physical condition or academic achievement, including the player’s attendance at and participation in an off-season summer league and/or an off-season skill and conditioning program designated by the Team (subject to the limitations imposed by Section 11(h) below). Any amendment agreed upon pursuant to subsections (iii) or (iv) of this subsection (c) must be structured so as to provide an incentive for positive achievement by the player and/or the Team; and any amendment agreed upon pursuant to subsection (iii) must be based upon specific numerical benchmarks or generally recognized league honors. By way of example and not limitation, an amendment agreed upon pursuant to subsection (iii) may provide for the player to receive a bonus if his free- throw percentage exceeds 80%, but may not provide for the player to receive a bonus if his free-throw percentage improves over his previous season’s percentage.
(d) By agreeing upon provisions (to be set forth in Exhibit 1 to a Uniform Player Contract) with respect to extra promotional appearances to be performed by the player (in addition to those required by paragraph 13 of such Contract) and the Compensation therefor.
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Allowable Amendments. In their individual contract negotiations, a Veteran Player (but not a Rookie) and a Team may amend the provisions of a Standard Player Contract, but only in the following respects:
(a) By agreeing upon provisions (to be set forth in Exhibit 1 to a Standard Player Contract) setting forth the Base Salary to be paid to the player for each Season of the Contract for rendering the services described in such Contract.
(b) By agreeing upon provisions (to be set forth in Exhibit 2 to a Standard Player Contract) stating that the Base Salary provided for by the Standard Player Contract shall be, in whole or in part, and subject to any conditions or limitations, protected in the event that the Contract is terminated by the Team by reason of the player’s: (i) lack of skill; (ii) disability or unfitness to play skilled basketball resulting from a basketball-related injury (“basketball-related injury”); (iii) disability or unfitness to play skilled basketball resulting from any injury or illness suffered by the player during a WNBA Season (“in-Season injury or illness”); and/or
Allowable Amendments. In their individual contract negotiations, a player and a Team may amend the provisions of a Uniform Player Contract, but only in the following respects:
(a) By agreeing upon provisions (to be set forth in Exhibit 1 to a Uniform Player Contract) setting forth the Compensation to be paid or amounts to be loaned to the player for each Season of the Contract for rendering the services and performing the obligations described in such Contract.
(b) By agreeing upon provisions (to be set forth in Exhibit 1 to a Uniform Player Contract) setting forth lump sum bonuses, and the payment date for each such bonus, to be paid as a result of: (i) the player’s execution of a Uniform Player Contract or Extension (a “signing bonus”); (ii) the player’s achievement of agreed-upon benchmarks relating to his performance as a player or the Team’s performance during a particular NBA Season, subject to the limitations imposed by Paragraph 3(c) of the Uniform Player Contract and Section 12(d) below; or (iii) the player’s achievement of agreed-upon benchmarks relating to his physical condition or academic achievement (e.
Allowable Amendments. In their individual contract negotiations, a player and a Team may amend the provisions of a Uniform Player Contract, but only in the following respects:
(a) By agreeing upon provisions (to be set forth in Exhibit 1 to a Uniform Player Contract) setting forth the Compensation to be paid or amounts to be loaned to the player for each Season of the Contract for rendering the services and performing the obligations described in such Contract.
Allowable Amendments. In their individual contract negotiations, a Veteran Player (but not a Rookie) and a Team may amend the provisions of a Standard Player Contract, but only in the following respects:
(a) By agreeing upon provisions (to be set forth in Exhibit 1 to a Standard Player Contract) setting forth the Base Salary to be paid to the player for each Season of the Contract for rendering the services described in such Contract.
(b) By agreeing upon provisions (to be set forth in Exhibit 2 to a Standard Player Contract) stating that the Base Salary provided for by the Standard Player Contract shall be, in whole or in part, and subject to any conditions or limitations, protected in the event that the Contract is terminated by the Team by reason of the player’s: (i) lack of skill; (ii) disability or unfitness to play skilled basketball resulting from a basketballrelated injury (“basketballrelated injury”); (iii) disability or unfitness to play skilled basketball resulting from any injury or illness suffered by the player during a WNBA Season (“inSeason injury or illness”); and/or (iv) disability or unfitness to play skilled basketball resulting from any injury or illness suffered by the player during the term of the Contract (“injury or illness”); provided, however, that no Team, at any one time, may be a party to, or have any obligations to pay Base Salary under, more than six (6) Player Contracts that contain Base Salary protection of any kind during the thencurrent or any future Season. For purposes of the preceding sentence any outstanding Offer Sheet that provides for Base Salary protection of any kind shall count against the perteam limit of six (6) Player Contracts containing Base Salary protection of any kind.
(c) By agreeing upon provisions (to be set forth in Exhibit 3 to a Standard Player Contract) limiting or eliminating the player’s right to receive her Base Salary (in accordance with Sections 6(a)(i)(y) and 6(c) of this Article) when the player’s disability or unfitness to play skilled basketball is caused by the reinjury of an injury sustained prior to, or by the aggravation of a condition that existed prior to, the execution of the Standard Player Contract providing for such Base Salary.
(d) By agreeing upon provisions (to be set forth in Exhibit 5 to a Standard Player Contract) establishing that the player must report for and submit to a physical examination to be performed by a physician designated by the Team, subject to the provisions of Section 14...