Annual Support Funds. Pepsi shall provide Customer with annual support funds in the amount of One Thousand Five Hundred Dollars ($1,500), payable to the Customer within sixty (60) days after the signing of this Agreement by both parties with respect to Year 1 and thereafter within sity (60) days following commencement of each Year until the end of the Term of this Agreement not to exceed Five (5) consecutive payments (the “Annual Support Funds”). The Annual Support Funds are earned throughout the Year in which they are paid. In the event Pepsi terminates this Agreement due to the Customer’s failure to cure a breach hereof, the unearned Annual Support Funds will be repaid to Pepsi pursuant to the terms of Section 7(B)(i) herein.
Annual Support Funds. In Year One, Pepsi agrees to provide Customer with Annual Support Funds in the amount of Two Thousand Five Hundred U.S. Dollars ($2,500). In each of Years Two through Four, Pepsi agrees to provide Customer with Annual Support Funds in the amount of Two Thousand Five Hundred US Dollars ($2,500), not to exceed Three (3) consecutive payments (the “Annual Support Funds”). In Year Five, Pepsi agrees to provide Customer with Annual Support Funds in Two (2) separate payments. The first payment will be at the beginning of the Contract Year in the amount of One Thousand Two Hundred and Fifty U.S. Dollars ($1,250), and the second payment will at the end of the Contract Year in the amount of One Thousand Two Hundred and Fifty ($1,250). The Annual Support Funds will be paid to Customer within sixty (60) days after the commencement of each applicable Year, except that in the event an Annual Support Funds is payable for Year One, such payment will be made within sixty (60) days of the later of (i) the first day of the Term or (ii) the signing of this Agreement by both parties.
Annual Support Funds. Each Year throughout the Term, Pepsi agrees to provide Customer with annual support funds in the amount of Four Thousand US Dollars ($4,000.00), not to exceed Five consecutive payments (the “Annual Support Funds”). The Annual Support Funds will be paid to Customer within sixty (60) days after the commencement of each applicable Year, except that in the event an Annual Support Funds is payable for Year One, such payment will be made within sixty (60) days of the later of (i) the first day of the Term or (ii) the signing of this Agreement by both parties. The Annual Support Funds are earned throughout the Year in which they are paid. In the event of early termination for any reason other than an uncured material breach by Pepsi, the unearned Annual Support Funds will be repaid to Pepsi pursuant to the terms of Section 8(C) herein.
Annual Support Funds. In each of Years one (1) through five (5), Pepsi agrees to provide Community Unit School District 200 with annual support funds in the amount of Ten Thousand US Dollars ($10,000). The Annual Support Funds will be paid to Community Unit School District 200 within ninety (90) days after the end of each applicable Year. The School District 200 acknowledges and agrees that each Annual Support Funds will be adjusted based on the number of Units purchased from Pepsi and sold throughout the Facilities pursuant to this Agreement during the Year, in the amount of 3,675 cases or “Annual Units Threshold”. Therefore, if during any Year the number of Units purchased from Pepsi falls below the Annual Units Threshold, then the Annual Support Funds payable for that Year will be reduced by a percentage equal to the percentage decrease between the Annual Units Threshold and the actual number of Units sold during such Year. For example, if the total Annual Support Fund is equal $1,000 and the Annual Units Threshold is 500 Units, and during Year 3 the actual Units sold is 250 Units, then the total Annual Support Funds payable at the end of Year 3 will be $500 (reduced by 50%).
Annual Support Funds. The Beverage Provider agrees to provide the City with annual support funds in the amount of Seventy Thousand and 00/100 Dollars ($70,000) per Year for the initial five (5) Years of the Term, as defined in the Annex of Definitions, commencing on February 1st, 2023, through December 31st, 2027 (minus the support funds provided pursuant to the Second Amendment to the Beverage Agreement entered into by the Parties on December 28, 2022). The first such payment will be made within sixty (60) days after full execution of this Agreement and thereafter, within sixty (60) days after each Year’s anniversary date during the Term. The annual support funds will be earned at the rate of 1/12 per month. Additional Marketing Support. Beverage Provider agrees to provide the City with additional marketing support during the Term in the form of the following:
