Common use of Payola Clause in Contracts

Payola. Employee warrants and represents that, during the Term of this Agreement, Employee will not accept or agree to pay any money, service or other valuable consideration, as defined in Section 507 of the Communications Act of 1934, as amended, for the broadcast of any matter over Company’s Stations, without prior disclosure to Company. Employee agrees to promptly notify Company of any occurrences whereby anyone offers any money, service or other valuable consideration for the broadcast of any matter over Company’s Stations. Employee acknowledges and agrees that Company shall have the right to terminate this Agreement for cause upon Employee’s violation of this Section 9.

Appears in 2 contracts

Samples: Employment Agreement (Radio One Inc), Employment Agreement (Radio One Inc)

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Payola. Employee warrants and represents that, during the Term of this Agreement, that Employee will not accept or agree to pay any money, service or other valuable consideration, as defined in Section 507 of the Communications Act of 1934, as amended, for the broadcast of any matter over Company’s Stations, without prior Company’s approval and full disclosure to Companythe listening public at the time of broadcast. Employee agrees to promptly notify Company of any occurrences whereby anyone offers any money, service or other valuable consideration for the broadcast of any matter over Company’s Stations. Employee acknowledges and agrees that Company shall have the right to terminate this Agreement for cause upon Employee’s violation of this Section 98.

Appears in 1 contract

Samples: Employment Agreement (Radio One, Inc.)

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Payola. Employee warrants and represents that, that during the Term term of this Agreement, Employee Agreement she will not accept or agree to pay pay, any money, service or any other valuable consideration, consideration as defined in Section 507 of the Communications Act of 1934, as amended, for the broadcast of any matter over the Company’s Stations, stations without prior disclosure to the Company. In addition, Employee agrees to shall promptly notify the Company of any occurrences whereby anyone offers any money, service or other valuable consideration for the broadcast of any matter over the Company’s Stationsstations. Employee acknowledges and agrees understands that upon violation of this clause, the Company shall have the right to terminate this Agreement for cause upon Employee’s violation of this Section 9cause.

Appears in 1 contract

Samples: Employment Agreement

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