Common use of Compensation Terms Clause in Contracts

Compensation Terms. (i) Subject to Subsection (iv) below, Rookies drafted in the first round may contract for only the following types of compensation: (1) Rookie Salary, (2) minimum offseason workout per diem commencing in the contract’s second season; and (3) the Fifth-Year Option as described in Section 7 below. ▇▇▇▇▇▇▇ drafted in the second round may contract for only the following types of compensation: (1) Rookie Salary; and (2) minimum offseason workout per diem commencing in the contract’s second season. ▇▇▇▇▇▇▇ drafted in the third through seventh round may contract for only the following types of compensation: (1) Rookie Salary, (2) minimum offseason workout per diem commencing in the contract’s second season; and (3) the Proven Performance Escalator as described in Section 4 below. (ii) Subject to Subsection (iv) below, Undrafted Rookies may contract for only the following types of compensation: (1) Rookie Salary, (2) minimum offseason workout per diem commencing in the contract’s second season, and (3) the applicable Minimum Salary for players on the Club’s Active/Inactive List Salary and/or the appli- cable Minimum Salary for players not on the Club’s Active/Inactive List. (iii) Rookie Salary shall include only: (1) traditional signing bonus, defined as signing bonus committed to the player by the Club upon execution of the contract (sub- ject to the player reporting to the Club and passing the physical examination), subject to any forfeiture provisions to which the player and Club may agree to the extent permitted in Article 4; (2) offseason workout bonus; (3) Paragraph 5 Salary (including any agreed- upon provisions adjusting the player’s Paragraph 5 Salary based upon his roster status and/or his number of Credited Seasons (“split contract provisions”) or deferring pay- ment of his earned Paragraph 5 Salary or advancing payment of non-guaranteed year-one Paragraph 5 Salary); (4) Paragraph 5 Salary guarantees (subject to the rules set forth in Subsection (h) below); (5) the permitted performance incentives set forth in Section 6 below; (6) roster bonus; and (7) reporting bonus. (iv) Aside from the terms outlined in Subsections (i) through (iii), above, no cash or non-cash financial or economic consideration of any kind (e.g., suites, automo- ▇▇▇▇▇, loans, etc.) may be paid or promised to the player for any reason whatsoever including, but not limited to, the player’s performance of nonfootball-related services with the exception of an agreement that the player will make up to, but no more than, five community relations/sponsor appearances or promotional activities per year on the Club’s behalf in exchange for cash compensation at prevailing commercial rates not to exceed $5,000 per appearance. Clubs may not contract for, or require the player to make more than five community relations/sponsor appearances or promotional activities per year.

Appears in 2 contracts

Sources: Collective Bargaining Agreement, Collective Bargaining Agreement

Compensation Terms. (i) Subject to Subsection (iv) below, Rookies drafted in the first round may contract for only the following types of compensation: (1) Rookie Salary, (2) minimum offseason workout per diem commencing in the contract’s second season; and (3) the Fifth-Year Option as described in Section 7 below. ▇▇▇▇▇▇▇ Rookies drafted in the second round may contract for only the following types of compensation: (1) Rookie Salary; and (2) minimum offseason workout per diem commencing in the contract’s second season. ▇▇▇▇▇▇▇ Rookies drafted in the third through seventh round may contract for only the following types of compensation: (1) Rookie Salary, (2) minimum offseason workout per diem commencing in the contract’s second season; and (3) the Proven Performance Escalator as described in Section 4 below. (ii) Subject to Subsection (iv) below, Undrafted Rookies may contract for only the following types of compensation: (1) Rookie Salary, (2) minimum offseason workout per diem commencing in the contract’s second season, and (3) the applicable Minimum Salary for players on the Club’s Active/Inactive List Salary and/or the appli- cable Minimum Salary for players not on the Club’s Active/Inactive List. (iii) Rookie Salary shall include only: (1) traditional signing bonus, defined as signing bonus committed to the player by the Club upon execution of the contract (sub- ject to the player reporting to the Club and passing the physical examination), subject to any forfeiture provisions to which the player and Club may agree to the extent permitted in Article 4; (2) offseason workout bonus; (3) Paragraph 5 Salary (including any agreed- upon provisions adjusting the player’s Paragraph 5 Salary based upon his roster status and/or his number of Credited Seasons (“split contract provisions”) or deferring pay- ment of his earned Paragraph 5 Salary or advancing payment of non-guaranteed year-one Paragraph 5 Salary); (4) Paragraph 5 Salary guarantees (subject to the rules set forth in Subsection (h) below); (5) the permitted performance incentives set forth in Section 6 below; (6) roster bonus; and (7) reporting bonus. (iv) Aside from the terms outlined in Subsections (i) through (iii), above, no cash or non-cash financial or economic consideration of any kind (e.g., suites, automo- ▇▇▇▇▇, loans, etc.) may be paid or promised to the player for any reason whatsoever including, but not limited to, the player’s performance of nonfootball-related services with the exception of an agreement that the player will make up to, but no more than, five community relations/sponsor appearances or promotional activities per year on the Club’s behalf in exchange for cash compensation at prevailing commercial rates not to exceed $5,000 per appearance. Clubs may not contract for, or require the player to make more than five community relations/sponsor appearances or promotional activities per year.

Appears in 2 contracts

Sources: Collective Bargaining Agreement, Collective Bargaining Agreement

Compensation Terms. (i) Subject to Subsection (iv) below, Rookies drafted in the first round may contract for only the following types of compensation: (1) Rookie Salary, (2) minimum offseason workout per diem commencing in the contract’s second season; and (3) the Fifth-Year Option as described in Section 7 below. ▇▇▇▇▇▇▇ drafted in the second round may contract for only the following types of compensation: (1) Rookie Salary; and (2) minimum offseason workout per diem commencing in the contract’s second season. ▇▇▇▇▇▇▇ drafted in the third through seventh round rounds may contract for only the following types of compensation: (1) Rookie Salary, (2) minimum offseason workout per diem commencing in the contract’s second season; and (3) the Proven Performance Escalator as described in Section 4 below. (ii) Subject to Subsection (iv) below, Undrafted Rookies may contract for only the following types of compensation: (1) Rookie Salary, (2) minimum offseason workout per diem commencing in the contract’s second season, and (3) the applicable Minimum Salary for players on the Club’s Active/Inactive List Salary and/or the appli- cable Minimum applicable Mini- mum Salary for players not on the Club’s Active/Inactive List. (iii) Rookie Salary shall include only: (1) traditional signing bonus, defined as signing bonus committed to the player by the Club upon execution of the contract (sub- ject subject to the player reporting to the Club and passing the physical examination), subject to any forfeiture provisions to which the player and Club may agree to the extent permitted in Article 4; (2) offseason workout bonus; (3) Paragraph 5 Salary (including any agreed- agreed-upon provisions adjusting the player’s Paragraph 5 Salary based upon his roster status and/or his number of Credited Seasons (“split contract provisions”) or deferring pay- ment payment of his earned Paragraph 5 Salary or advancing payment of non-guaranteed year-one Paragraph 5 Salary); (4) Paragraph 5 Salary guarantees (subject to the rules set forth in Subsection (h) below); (5) the permitted performance incentives set forth in Section 6 below; (6) roster bonus; and (7) reporting bonus. (iv) (A) Aside from the terms outlined in Subsections (i) through (iii), above, no cash or non-cash financial or economic consideration of any kind (e.g., suites, automo- ▇▇▇▇▇, loans, etc.) may be paid or promised to the player for any reason whatsoever including, but not limited to, the player’s performance of nonfootball-related services with the exception of an agreement that the player will make up to, but no more than, five community relations/sponsor appearances or promotional activities per year on the Club’s behalf in exchange for cash compensation at prevailing commercial rates not to exceed $5,000 6,500 per appearance for the 2020-25 League Years, and not to exceed $9,000 per ap- pearance for the 2026-30 League Years. In addition, whether or not the Club elects to provide the player with cash compensation for any individual appearance, to the extent the player incurs out-of-pocket expenses (e.g., parking fees, etc.) in connection with such appearance, the Club may provide the player with cash reimbursement for such reasonable out-of-pocket expenses upon the player’s submission of a written expense report satisfac- tory to Club and applicable receipts. The Club may also provide the player with cash reimbursement for actual mileage incurred, as approved by the Club, at the standard mile- age rate in effect for the applicable period as published by the Internal Revenue Service. Clubs may not contract for, or require the player to make more than five community relationsrela- tions/sponsor appearances or promotional activities per year.

Appears in 1 contract

Sources: Collective Bargaining Agreement

Compensation Terms. (i) Subject to Subsection (iv) below, Rookies drafted in the first round may contract for only the following types of compensation: (1) Rookie Salary, (2) minimum offseason workout per diem commencing in the contract’s second season; and (3) the Fifth-Year Option as described in Section 7 below. ▇▇▇▇▇▇▇ Rookies drafted in the second round may contract for only the following types of compensation: (1) Rookie Salary; and (2) minimum offseason workout per diem commencing in the contract’s second season. ▇▇▇▇▇▇▇ drafted in the third through seventh round rounds may contract for only the following types of compensation: (1) Rookie Salary, (2) minimum offseason workout per diem commencing in the contract’s second season; and (3) the Proven Performance Escalator as described in Section 4 below. (ii) Subject to Subsection (iv) below, Undrafted Rookies may contract for only the following types of compensation: (1) Rookie Salary, (2) minimum offseason workout per diem commencing in the contract’s second season, and (3) the applicable Minimum Salary for players on the Club’s Active/Inactive List Salary and/or the appli- cable Minimum applicable Mini- mum Salary for players not on the Club’s Active/Inactive List. (iii) Rookie Salary shall include only: (1) traditional signing bonus, defined as signing bonus committed to the player by the Club upon execution of the contract (sub- ject subject to the player reporting to the Club and passing the physical examination), subject to any forfeiture provisions to which the player and Club may agree to the extent permitted in Article 4; (2) offseason workout bonus; (3) Paragraph 5 Salary (including any agreed- agreed-upon provisions adjusting the player’s Paragraph 5 Salary based upon his roster status and/or his number of Credited Seasons (“split contract provisions”) or deferring pay- ment payment of his earned Paragraph 5 Salary or advancing payment of non-guaranteed year-one Paragraph 5 Salary); (4) Paragraph 5 Salary guarantees (subject to the rules set forth in Subsection (h) below); (5) the permitted performance incentives set forth in Section 6 below; (6) roster bonus; and (7) reporting bonus. (iv) (A) Aside from the terms outlined in Subsections (i) through (iii), above, no cash or non-cash financial or economic consideration of any kind (e.g., suites, automo- ▇▇▇▇▇, loans, etc.) may be paid or promised to the player for any reason whatsoever including, but not limited to, the player’s performance of nonfootball-related services with the exception of an agreement that the player will make up to, but no more than, five community relations/sponsor appearances or promotional activities per year on the Club’s behalf in exchange for cash compensation at prevailing commercial rates not to exceed $5,000 6,500 per appearance for the 2020-25 League Years, and not to exceed $9,000 per ap- pearance for the 2026-30 League Years. In addition, whether or not the Club elects to provide the player with cash compensation for any individual appearance, to the extent the player incurs out-of-pocket expenses (e.g., parking fees, etc.) in connection with such appearance, the Club may provide the player with cash reimbursement for such reasonable out-of-pocket expenses upon the player’s submission of a written expense report satisfac- tory to Club and applicable receipts. The Club may also provide the player with cash reimbursement for actual mileage incurred, as approved by the Club, at the standard mile- age rate in effect for the applicable period as published by the Internal Revenue Service. Clubs may not contract for, or require the player to make more than five community relationsrela- tions/sponsor appearances or promotional activities per year.

Appears in 1 contract

Sources: Collective Bargaining Agreement