DONATION OF PERCENTAGE OF QUARTERLY REVENUE GENERATED BY PK MARKETING Sample Clauses

DONATION OF PERCENTAGE OF QUARTERLY REVENUE GENERATED BY PK MARKETING. During the Term of this Agreement, as consideration for PK's good faith efforts to market and promote, pursuant to Section 12 of this Agreement, the Internet access offered by DIDAX under this Agreement, DIDAX, at the conclusion of each quarter during which DIDAX has net profits, but in any event without regard to profitability by the end of the Initial Term, shall make a charitable donation to PK on the following basis: For each Subscriber who became a Subscriber for the first time as a direct result of PK's marketing and promotion of the DIDAX Internet Access, which shall be determined by an invitation to all Subscribers to identify the source relationship through a PK marketing channel at the time of online registration for the DIDAX Internet Access, DIDAX shall make a donation to PK during each of the first four (4) quarters that such person is a Subscriber, in an amount equal to five percent (5%) of DIDAX' gross revenues from the Base Monthly Access Fees paid by all such Subscribers during that quarter. If this Agreement is terminated by PK with cause during the Initial Term, by PK with or without cause subsequent to the Initial Term, or by DIDAX without cause at any time, this donation shall be unaffected for a period of twelve (12) months following termination, after which it shall cease. If this Agreement is terminated by DIDAX with cause at any time, or by PK without cause during the Initial Term, this donation shall immediately cease.
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Related to DONATION OF PERCENTAGE OF QUARTERLY REVENUE GENERATED BY PK MARKETING

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