Common use of Primary Ancillary Rights Clause in Contracts

Primary Ancillary Rights. The NASCAR Rights Affiliate(s) shall pay: (i) twenty-five percent (25%) of Primary Ancillary Rights Net Income before Industry Expenses and after Income Tax Provision relative to the specific calendar year to Awards & Achievement Bureau, Inc. for distribution in programs designed for the benefit of Competitors, as NEM may determine from time to time and (ii) sixty-five percent (65%) of Event Primary Ancillary Rights Net Income before Industry Expenses and after Income Tax Provision relative to the specific calendar year to PROMOTER. NASCAR shall receive the remaining ten percent (10%) of Primary Ancillary Rights Net Income before Industry Expenses and after Income Tax Provision relative to the specific calendar year for its own account.

Primary Ancillary Rights. The NASCAR Rights Affiliate(s) shall pay: (i) twenty-five percent (25%) of Primary Ancillary Rights Net Income before Industry Expenses and after Income Tax Provision relative to the specific calendar year to Awards & Achievement Bureau, Inc. NEM or its designated affiliate for distribution in programs designed for the benefit of Competitors, as NEM may determine from time to time and (ii) sixty-five percent (65%) of Event Primary Ancillary Rights Net Income before Industry Expenses and after Income Tax Provision relative to the specific calendar year to PROMOTER. NASCAR shall receive the remaining ten percent (10%) of Primary Ancillary Rights Net Income before Industry Expenses and after Income Tax Provision relative to the specific calendar year for its own account.