Common Contracts
1 similar null contracts
Internal Revenue Service, Treasury § 1.1361–0January 20th, 2024
M, mutually agreeing that, in consideration of, and notwithstanding, any contrary provi- sions contained in the first contract, M shall not pay A more than $100x in any one cal- endar year. Under this supplemental con- tract, sums in excess of $100x accruing in any one calendar year are to be carried over by M into succeeding years. For the calendar year 1971, royalties payable to A under the basic agreement amount to $100x and this sum is paid to A. For the calendar year 1972, royal- ties of $120x are payable to A under the basic agreement, but by reason of the supple- mental agreement, only $100x of this sum is actually paid to A. For each of the calendar years 1973 and 1974, royalties of $100x are payable to A under the basic agreement, and this sum is paid to A. For the calendar year 1975, royalties of $80x are payable to A under the basic agreement, and this sum, plus $20x carried over from 1972, or $100x, is paid to A. The $100x paid to A in each of the years 1971, 1972, 1973, an
