Common use of Summer Camps Clause in Contracts

Summer Camps. The University will sponsor summer __________ [insert sport] camps for youths. For the period that Head Coach is the Head [Men’s/Women’s] [delete if sport is football] __________ Coach, for performance of services in connection with such camps as may be assigned by the Athletics Director, Head Coach will be paid a percentage of the net proceeds for each camp. Net proceeds are defined as revenues less expenses as determined by the University in accordance with generally accepted accounting principles. Head Coach will be paid in accordance with the decision of the Athletics Director who will use reasonable business judgment to determine the fair and reasonable amount to be paid to Head Coach. In addition, Head Coach shall use reasonable business judgment to determine the fair and reasonable amount to be paid to each assistant coach and others for summer camp service and such amounts will be treated as expenses. Payment to Head Coach will be made within 30 days after submission of complete summer camp financial records to the Athletics Director or his/her designee, upon which the records must be found satisfactory by the Athletics Director, and such financial records are reconciled. In no event shall the payment be later than the end of the calendar year in which the camp ends. In the event a summer camp fails to yield net proceeds, the University maintains no obligation for payment to Head Coach. Head Coach shall not be entitled to conduct or direct summer camps that are not sponsored by the University.

Summer Camps. The University will sponsor summer __________ [insert sport] camps for youths. For the period that Associate Head Coach is the Associate Head [Men’s/Women’s] [delete if sport is football] __________ Coach, for performance of services in connection with such camps as may be assigned by the Athletics DirectorHead Coach, Associate Head Coach will be paid a percentage of the net proceeds for each camp. Net proceeds are defined as revenues less expenses as determined by the University in accordance with generally accepted accounting principles. Head Coach will be paid in accordance with the decision of the Athletics Director Head Coach who will use reasonable business judgment to determine the fair and reasonable amount to be paid to Associate Head Coach. In addition, Head Coach shall use reasonable business judgment to determine the fair and reasonable amount to be paid to each assistant coach and others for summer camp service and such amounts will be treated as expenses. Payment to Associate Head Coach will be made within 30 days after submission of complete summer camp financial records to the Athletics Director or his/her designee, upon which the records must be found satisfactory by to the Athletics Director, and such financial records are must be reconciled. In no event shall the payment be later than the end of the calendar year in which the camp ends. In the event a summer camp fails to yield net proceeds, the University maintains no obligation for payment to Associate Head Coach. Associate Head Coach shall not be entitled to conduct or direct summer camps that are not sponsored by the University.

Summer Camps. The University will sponsor summer __________ [insert sport] camps for youths. For the period that Head Coach is the Head [Men’s/Women’s] [delete if sport is football] __________ Coach, for performance of services in connection with such camps as may be assigned by the Athletics Director, Head Coach will be paid a percentage of the net proceeds for each camp. Net proceeds are defined as revenues less expenses as determined by the University in accordance with generally accepted accounting principles. Head Coach will be paid in accordance with the decision of the Athletics Director who will use reasonable business judgment to determine the fair and reasonable amount to be paid to Head Coach. In addition, Head Coach shall use reasonable business judgment to determine the fair and reasonable amount to be paid to each assistant coach and others for summer camp service and such amounts will be treated as expenses. Payment to Head Coach will be made within 30 days after submission of complete summer camp financial records to the Athletics Director or his/her designee, upon which the records must be found satisfactory by to the Athletics Director, and such financial records are must be reconciled. In no event shall the payment be later than the end of the calendar year in which the camp ends. In the event a summer camp fails to yield net proceeds, the University maintains no obligation for payment to Head Coach. Head Coach shall not be entitled to conduct or direct summer camps that are not sponsored by the University.