Common use of Non-duplication Clause in Contracts

Non-duplication. The foregoing provisions of this Article IX shall be applied regardless of the number of times a Player may be released during a year, subject to the following limitations: (1) The maximum amount of termination pay that a Player shall be entitled to receive for any year shall not exceed the amount by which: (a) the salary stipulated in the Player’s original Contract for such year exceeds (b) the aggregate amount which the Player earns during that year from any Club or Clubs, including any amounts deferred to later years, calculated at present value, and bonuses. (2) In the event a released Player refuses to accept a reasonable Major League Contract offered by a Club other than the Club which released him, such Player shall forfeit that portion of the termination pay that would not have been payable if such Contract had been accepted.

Appears in 8 contracts

Sources: Basic Agreement, Basic Agreement, Basic Agreement

Non-duplication. The foregoing provisions of this Article IX shall be applied regardless of the number of times a Player may be released during a year, subject to the following limitations: (1) The maximum amount of termination pay that which a Player shall be entitled to receive for any year shall not exceed the amount by which: (a) the salary stipulated in the Player’s 's original Contract for such year exceeds (b) the aggregate amount which the Player earns during that year from any Club or Clubs, including any amounts deferred to later years, calculated at present value, and bonuses. (2) In the event a released Player refuses to accept a reasonable Major League Contract offered by a Club other than the Club which released him, such Player shall forfeit that portion of the termination pay that which would not have been payable if such Contract had been accepted.

Appears in 1 contract

Sources: Basic Agreement (Cleveland Indians Baseball Co Inc)

Non-duplication. The foregoing provisions of this Article IX shall be applied regardless of the number of times a Player may be released during a year, subject to the following limitations: (1) The maximum amount of termination pay that which a Player shall be entitled to receive for any year shall not exceed the amount by which: (a) the salary stipulated in the Player’s original Contract for such year exceeds (b) the aggregate amount which the Player earns during that year from any Club or Clubs, including any amounts deferred to later years, calculated at present value, and bonuses. (2) In the event a released Player refuses to accept a reasonable Major League Contract offered by a Club other than the Club which released him, such Player shall forfeit that portion of the termination pay that which would not have been payable if such Contract had been accepted.

Appears in 1 contract

Sources: Basic Agreement