Common use of FINANCIAL ASPECTS Clause in Contracts

FINANCIAL ASPECTS. Subject to this paragraph, all income related to the Event (e.g. licensing of broad- cast rights and all other electronic media rights, income from Event sponsors, tick- eting and merchandising, multimedia such as games, (except FIS World Cup Games and shared according Right to use agreement), Event catering, public sub- sidies and other sources) shall be retained by the NSA and the Organiser for the organisation of the Event, to be allocated according to their internal agreement, which may deviate from the allocation of the rights as provided in the FIS Advertis- ing and other similar Rules. FIS is entitled to keep all income from the title sponsor(s) of the FIS Snowboard World Cup, which is used for the FIS costs for professional staff and organisation, and has no financial obligation towards the NSA and/or the Organiser with respect to the Event. Furthermore, in accordance with the FIS Congress 2008 decision, the FIS has been tasked with negotiating the marketing rights for the timing and data inserts. The net revenues generated as a result will be distributed to the NSA and the Organiser. The split will be determined by the FIS Council. All financial obligations related to the Event shall be met by the NSA and the Or- ganiser, subject to exceptions specified in this Agreement. Payments to the competitors for prize money (art. 1.2.10, 2.4, 3.5, 4.6, 5.6 WCR) must be transferred by electronic banking means as defined in the WCR.

Appears in 2 contracts

Samples: World Cup Competition Agreement, World Cup Competition Agreement

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FINANCIAL ASPECTS. Subject to this paragraph, all income related to the Event (e.g. licensing of broad- cast rights and all other electronic media rights, income from Event sponsors, tick- eting ticketing and merchandising, multimedia such as games, (except FIS World Cup Games and shared according Right to use agreement), Event catering, public sub- sidies subsidies and other sources) shall be retained by the NSA and the Organiser for the organisation of the Event, to be allocated according to their internal agreementagree- ment, which may deviate from the allocation of the rights as provided in the FIS Advertis- ing Advertising and other similar Rules. FIS is entitled to keep all income from the title sponsor(s) of the FIS Snowboard World Cup, which is used for the FIS costs for professional staff and organisation, and has no financial obligation towards the NSA and/or the Organiser with respect re- spect to the Event. Furthermore, in accordance with the FIS Congress 2008 decision, the FIS has been tasked with negotiating the marketing rights for the timing and data inserts. The net revenues generated as a result will be distributed to the NSA and the OrganiserOr- ganiser. The split will be determined by the FIS Council. All financial obligations related to the Event shall be met by the NSA and the Or- ganiser, subject to exceptions specified in this Agreement. Payments to the competitors for prize money (art. 1.2.10, 2.4, 3.5, 4.6, 5.6 WCR) must be transferred by electronic banking means as defined in the WCR.

Appears in 2 contracts

Samples: Fis World Cup Organiser Agreement, World Cup Competition Agreement

FINANCIAL ASPECTS. Subject to this paragraph, all income related to the Event (e.g. licensing of broad- cast rights and all other electronic media rights, income from Event sponsors, tick- eting ticketing and merchandising, multimedia such as games, games (except FIS World Cup Games and shared according Right to use agreement), Event catering, public sub- sidies subsidies and other sources) shall be retained by the NSA and the Organiser for the organisation of the Event, to be allocated according to their internal agreementagree- ment, which may deviate from the allocation of the rights as provided in the FIS Advertis- ing Advertising and other similar Rules. The FIS is entitled to keep all income from the title sponsor(s) of the FIS Snowboard Snow- board World Cup, which is used for the FIS costs for professional staff and organisationorgan- isation, and has no financial obligation towards the NSA and/or the Organiser with respect to the Event. Furthermore, in accordance with the FIS Congress 2008 decision, the FIS has been tasked with negotiating the marketing rights for the timing and data inserts. The net revenues generated as a result will be distributed to the NSA and the OrganiserOr- ganiser. The split will be determined by the FIS Council. All financial obligations related to the Event shall be met by the NSA and the Or- ganiser, subject to exceptions specified in this Agreement. Payments to the competitors for prize money (art. 1.2.1071.2.10, 2.4, 3.5, 4.6, 5.6 WCR) must be transferred by electronic banking means as defined in the WCR.

Appears in 1 contract

Samples: Fis World Cup Organiser Agreement

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FINANCIAL ASPECTS. Subject to this paragraph, all income related to the Event (e.g. licensing of broad- cast rights and all other electronic media rights, income from Event sponsors, tick- eting ticketing and merchandising, multimedia such as games, games (except FIS World Cup Games and shared according Right to use agreement), Event catering, public sub- sidies subsidies and other sources) shall be retained by the NSA and the Organiser for the organisation of the Event, to be allocated according to their internal agreementagree- ment, which may deviate from the allocation of the rights as provided in the FIS Advertis- ing Advertising and other similar Rules. The FIS is entitled to keep all income from the title sponsor(s) of the FIS Snowboard Snow- board World Cup, which is used for the FIS costs for professional staff and organisationorgan- isation, and has no financial obligation towards the NSA and/or the Organiser with respect to the Event. Furthermore, in accordance with the FIS Congress 2008 decision, the FIS has been tasked with negotiating the marketing rights for the timing and data inserts. The net revenues generated as a result will be distributed to the NSA and the OrganiserOr- ganiser. The split will be determined by the FIS Council. All financial obligations related to the Event shall be met by the NSA and the Or- ganiser, subject to exceptions specified in this Agreement. Payments to the competitors for prize money (art. 1.2.10, 2.4, 3.5, 4.6, 5.6 WCR) must be transferred by electronic banking means as defined in the WCR.

Appears in 1 contract

Samples: Fis World Cup Organiser Agreement

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