Common use of Contingent Compensation Clause in Contracts

Contingent Compensation. If Purchaser or its assignee produces a motion picture materially based on the Work, and Owner is not in breach of this Agreement, then in addition to the compensation set forth above, Purchaser shall pay to Owner additional, contingent compensation (“Contingent Compensation”) equal to two Percent (2%) of One Hundred Percent (100%) of Purchaser’s (Common Shareholders’) cash distribution, if any, earned and received by Purchaser from exploitation of the first motion picture based on the Work only if Owner receives sole screenplay credit. If Owner receives shared screenplay credit, then Owner shall receive One Percent of One Hundred Percent (1% of 100%) of Purchaser’s (Common Shareholders’). Purchaser’s (Common Shareholders’) cash distribution shall be defined, calculated and payable pursuant to the same definition and calculation as contained in the agreement between Purchaser or its assignee and the motion picture’s financing entity, a copy of which will be provided to Owner.

Contingent Compensation. If Purchaser or its assignee produces a motion picture materially based on the Work, and Owner is not in breach of this Agreement, then in addition to the compensation set forth above, Purchaser shall pay to Owner additional, contingent compensation (“Contingent Compensation”) equal to two Three Percent (23%) of One Hundred Percent (100%) of Purchaser’s (Common Shareholders’) cash distribution“Net Profits”, if any, earned and received by Purchaser from exploitation of the first motion picture based on the Work only if Owner receives sole screenplay credit. If Owner receives shared screenplay credit, then Owner shall receive One and One Half of One Percent of One Hundred Percent (11 1/2% of 100%) of Purchaser’s (Common Shareholders’)the Net Profits. Purchaser’s (Common Shareholders’) cash distribution Net Profits, shall be defined, calculated and payable pursuant to the same definition and calculation as contained in the agreement between Purchaser or its assignee and the motion picture’s financing entity, a copy of which will be provided to Owner.