Rewrites on spec scripts Sample Clauses

Rewrites on spec scripts. For spec sales under any budget category listed above, Company shall offer the first Writer the opportunity to perform the first rewrite. Compensation for the first rewrite is subject to negotiation between Company and the Writer, provided, however, that it shall be no less than MBA minimum. The Company and the Writer may also agree to defer partial or full payment for the first rewrite if performed by the Writer and on terms equal to or more favorable than those for the person who performs directing services. If a rewrite is performed, Company shall pay contributions to the Producer-Writers Guild of America Pension Plan Writers' Guild-Industry Health Fund on both the screenplay purchase price and the rewrite compensation in accordance with MBA Article 17. The minimum compensation for a rewrite of a spec script written between May 2, 2016 and May 1, 2017 is $23,374. Company and the Writer have agreed to defer payment of $ of the compensation for the first rewrite. Company will pay Writer for any additional writing services pursuant to the terms of the MBA then in effect. If Company fails to pay the Screenplay Compensation and/or rewrite compensation to the Writer when due, Company shall pay interest at the rate of 1.5% per month on all outstanding amounts until paid in full.
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