Apparel, Shoe or Equipment Contracts Sample Clauses

Apparel, Shoe or Equipment Contracts. Coach agrees that Ohio State has the exclusive right to select footwear, apparel and/or equipment for the use of its student- athletes and staff during official practices and games. Ohio State agrees to consult with Coach when it selects equipment, footwear and/or apparel that has a significant impact upon Ohio State’s basketball team. Coach recognizes that Ohio State has entered into an agreement with NIKE to supply Ohio State with athletic footwear, apparel and/or equipment. Coach agrees that, upon Ohio State’s reasonable request, he will consult with appropriate parties concerning a NIKE product's design or performance, act as an instructor at a clinic sponsored in whole or in part by NIKE, give a lecture at an event sponsored in whole or in part by NIKE, and/or make other educationally-related appearances as may be reasonably requested by Ohio State. In order to avoid entering into an agreement with a competitor of NIKE or an agreement which would not be in Ohio State’s best interests, Coach shall submit all outside consulting agreements to Ohio State for review and approval prior to execution. Coach must also report such outside income to Ohio State in accordance with Governing Athletic Rules1 or University Rules2. Coach further agrees that he will not endorse any athletic footwear, apparel and/or equipment products, including NIKE, and will not participate in any messages or promotional appearances which contain a comparative or qualitative description of athletic footwear, apparel or equipment products, including NIKE. Ohio State shall pay Coach aggregate payments equal to $825,000.00 per contract year (the “Equipment Payments”). Based on such annual rate, the Equipment Payments from June 9, 2017 to June 30, 2018 shall be $893,750.00 in the aggregate. The Equipment Payments shall be subject to all applicable withholdings and shall be paid in substantially equal monthly installments. Coach shall be eligible to receive increases to the Equipment Payments, as may be determined appropriate by the Director and approved by Ohio State’s Board of Trustees, on or after July 1, 2018.
Sample 1
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