Percentage Payment. Employer shall pay additional compensation of one and five-tenths percent (1.5%) of the "Employer's gross," as defined below, until the Employer's gross equals one million dollars ($1,000,000). Thereafter, Employer shall pay one and eight-tenths percent (1.8%) of Employer's gross in excess of $1,000,000. Such percentage payments are to be divided as follows: (a) Until the Employer's gross equals $1,000,000, 1% thereof shall be paid to the Director, 0.3% thereof shall be paid to the Pension Plan and 0.2% thereof shall be paid to the Associate Director and the Stage Manager. (b) After the Employer's gross exceeds $1,000,000, 1.2% thereof shall be paid to the Director, 0.36% thereof shall be paid to the Pension Plan and 0.24% thereof shall be paid to the Associate Director and the Stage Manager. (c) The portion of the 1.5% and 1.8% percentage payment due the Associate Director and the Stage Manager shall be divided between them equally. If more than one Director, Associate Director or Stage Manager renders services in connection with Such Program, the allocations of their respective portion of the pro rata shares shall be determined by the Guild and the Employees shall be bound by such determination.
Appears in 5 contracts
Samples: Supplemental Markets Agreement, Supplemental Markets Agreement, Supplemental Markets Agreement
