Player Payment Pool Sample Clauses
Player Payment Pool. The Player Payment Pool is established in each of the Contract Years 2013, 2014, and 2015 as 36.56% of NZRU Player Generated Revenue in those Contract Years. Forecasted NZRU Player Generated Revenue and the forecasted Player Payment Pool is attached as Appendix 2. The Player Payment Pool is an amount set aside to be applied for the benefit of Players and their interests, and has been calculated to reflect the contribution made by Players and the RPC to the partnership of the business of Rugby (which generates NZRU Player Generated Revenue). Payments from the Player Payment Pool must be made in accordance with this Collective Agreement. The parties’ forecasts for such payments for each of Contract Years 2013, 2014 and 2015 are attached as Appendix 3. For the avoidance of doubt, however, the parties acknowledge that the NZRU (and the Provincial Unions) are, or may be, required to make payment of other amounts under this Collective Agreement.
Player Payment Pool. 18.1 Payments to Players made pursuant to this Memorandum of Understanding will be paid from the ‘Women’s Payments’ category in Schedule 3 of the Collective Employment Agreement.
18.2 The NZRU will pay any compulsory employer contributions to a Kiwisaver Scheme to which any Player covered by this Memorandum of Understanding belongs out of the ‘Women’s Payments’ category in Schedule 3 of the Collective Employment Agreement.
18.3 The NZRU will pay contributions to the Player Savings Scheme and Women’s Sevens Legacy Fund from the Player Payment Pool as set out in Schedule 3 of the Collective Employment Agreement. The cost of the insurance cover provided in clause 59 will be paid from the ‘Women’s Payments’ Category of Schedule 3 of the Collective Employment Agreement.
18.4 The Parties have agreed that it is appropriate that funding provided by HPSNZ should be forecasted as part of NZRU Player Generated Revenue for so long as it is provided in respect of the Men’s and Women’s Sevens high performance programme.
18.5 The parties have also agreed that should this funding not eventuate in full or in part, they will consult about the potential implications of any reduced funding.
18.6 In light of the special circumstances in which such funding was included in NZRU Player Generated Revenue, a reduction in HPSNZ funding for the Men’s and / or Women’s Sevens high performance programme may result in expenditure on Sevens rugby as provided for in the Player Payment Pool being less than forecast in Appendix 3 in the absence of any agreement to the contrary between the Parties.
18.7 In the event that the level of HPSNZ funding falls to a level where there is insufficient funding to cover the costs of employing the minimum numbers of Players at the Retainer levels set out in clause 16 in a meaningful programme. In such situation, either Party may, having followed due process, terminate this MOU effective from the end of a Contract Year and the Parties agree to renegotiate the terms of the on-going relationship.
Player Payment Pool. 19.1 Payments to Players made pursuant to this Memorandum of Understanding will be paid from the ‘Women’s Payments’ category in Schedule 3 of the Collective Employment Agreement.
19.2 The NZRU will pay any compulsory employer contributions to a Kiwisaver Scheme to which any Player covered by this Memorandum of Understanding belongs out of the ‘Women’s Payments’ category in Schedule 3 of the Collective Employment Agreement.
19.3 The NZRU will pay contributions to the Player Savings Scheme and Black Ferns Legacy Fund from the Player Payment Pool as set out in Schedule 3 of the Collective Employment Agreement as updated by the parties from time to time. The cost of the insurance cover provided in clause 58 will be paid from the ‘Women’s Payments’ Category of Schedule 3 of the Collective Employment Agreement.
19.4 The Parties have agreed that it is appropriate that any funding to be provided by HPSNZ should be forecasted as part of NZRU Player Generated Revenue for so long as it is provided in respect of the Black Ferns Programme.
19.5 The parties have also agreed that should this funding not eventuate in full or in part, they will consult about the potential implications of any reduced funding.