Common use of Subsequent Productions Clause in Contracts

Subsequent Productions. If this Agreement expires by its terms at any time and Employee and the Company do not enter into a new employment agreement and at any time within the Subsequent Production Period (as defined below) the Company or any successor in interest to the Company (a “Production Entity”) intends to produce or causes to be produced a theatrical or television remake, sequel or prequel (a “Subsequent Production”) of (1)any motion picture produced by the Company prior to the commencement of the Term which was produced by Employee or (2) any Credit Picture which was produced by Employee (collectively, “Original Pictures”), then the following shall apply: A. For purposes of this Paragraph, “Subsequent Production Period”, shall mean the later of (i) five years following the expiration of this Agreement by its terms and (ii) seven years following the initial theatrical release of (x) an Original Picture or (y) a

Subsequent Productions. If this Agreement Agree­ment expires by its terms at any time and Employee and the Company do not enter into a new employment agreement and at any time within the Subsequent Production Period (as defined below) the Company or any successor in interest to the Company (a “"Production Entity”") intends to produce or causes to be produced a theatrical or television remake, sequel or prequel (a “"Subsequent Production”") of (1)any motion picture produced by the Company prior to the commencement of the Term which was produced by Employee or (2) any Credit Picture which was produced by Employee (collectively, “"Original Pictures”"), then the following shall apply: A. For purposes of this Paragraph, “Subsequent "Sub­sequent Production Period”, shall mean the later of (i) five years following the expiration of this Agreement by its terms and (ii) seven years following follow­ing the initial theatrical release of (x) an Original Picture or (y) a