Initial Promoters Sample Clauses

Initial Promoters. From the MOA Effective Date to March 24, 2003 (such period, the “100 Days”) and from March 25, 2003 through June 24, 2003 (such period, “Quarter Zero” and together with the 100 Days, the “Initial Period”), AOLB will have the right to place up to [**] ([**]) Promoters in Itaú branches subject to the restrictions set forth in Annex 1. Itaú will have no obligation to pay for those Promoters who are not actually deployed in Itaú’s bank branches during such period (it being understood that, for the purposes of this sentence, Promoters shall be considered deployed for the 15-day period provided for in Section 2(a)(iii) whether or not such Promoters are placed in bank branches, and shall not be considered deployed thereafter until such Promoter is actually deployed in a bank branch). In addition, to the extent Itaú delays the deployment of the initial Promoters, AOLB may require Itaú to purchase interactive marketing with a price equal to the sum of (x) (A) the number of Promoters delayed, multiplied by (B) a fraction the numerator of which is the number of days delayed and the denominator of which is the number of days such Promoter would have been in a branch during the Initial Period, multiplied by (C) the average per Promoter “all in costs” (i.e., all costs identified in items (A) of Section 2(a)(iii)) that were expended by Itaú during the Initial Period, and (y) the costs of additional Supervisors (i.e., all costs identified in item (B) of Section 2(a)(iii)) that would have been deployed if such delayed Promoters had been deployed.