Common use of FINANCIAL ASPECTS Clause in Contracts

FINANCIAL ASPECTS. Subject to this paragraph, all income related to the Event (e.g. licensing of broadcast rights and all other electronic media rights, income from Event sponsors, ticketing and merchandising, multimedia such as games, Event catering, public 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 agreement, which may deviate from the allocation of the rights as provided in the FIS Advertising and other similar Rules. The FIS is entitled to keep all income from the title and presenting sponsor(s) of the FIS Freestyle Ski World Cup, which is used for the FIS costs for professional staff and or- ganisation, 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 rev- enues 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 Organiser, subject to exceptions specified in this Agreement. Payments to the competitors for prize money (art.7) must be transferred by electronic banking means as defined in the WCR taking into consideration the local tax-laws.

FINANCIAL ASPECTS. Subject to this paragraph, all income related to the Event (e.g. licensing of broadcast broad- cast rights and all other electronic media rights, income from Event sponsors, ticketing and merchandising, multimedia such as games, Event catering, public 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 Advertising and other similar Rules. The FIS is entitled to keep all income from the title and presenting sponsor(s) of the FIS Freestyle Ski Snow- board World Cup, which is used for the FIS costs for professional staff and or- ganisationorgan- 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 rev- enues 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 OrganiserOr- ganiser, subject to exceptions specified in this Agreement. Payments to the competitors for prize money (art.7art. 7) must be transferred by electronic elec- tronic banking means as defined in the WCR taking into consideration the local tax-lawsWCR.

FINANCIAL ASPECTS. Subject to this paragraph, all income related to the Event (e.g. licensing of broadcast rights and all other electronic media rights, income from Event sponsors, ticketing and merchandising, multimedia multime- dia such as games, Event catering, public 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 agreement, which may deviate from the allocation of the rights as provided in the FIS Advertising and other similar Rules. The FIS is entitled to keep all income from the title and presenting sponsor(s) of the FIS Freestyle Ski and Snowboard FIS World Cup, which is used for the FIS costs for professional staff and or- ganisationorganisa- tion, 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 rev- enues 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 Organiser, subject to exceptions specified in this Agreement. Payments to the competitors for prize money (art.7FS and SB WCR art. 7) must be transferred made after the awards ceremony in cash, in convertible currency or by electronic banking means as defined in the WCR bank transfer, taking into consideration con- sideration the local tax-laws.