Minimum Player Salary Clause Samples

Minimum Player Salary. (a) Except with respect to 10-Day Contracts provided for in Section 9 below, Rest-of-Season Contracts provided for in Section 10 below, and Two-Way Contracts provided for in Section 11 below, no Player Contract shall provide for a Salary of less than the applicable scale amount contained in the Minimum Annual Salary Scale applicable for such Salary Cap Year. For the 2017-18 Salary Cap Year, the Minimum Annual Salary Scale is set forth as Exhibit C hereto. For each Salary Cap Year commencing with the 2018-19 Salary Cap Year, the Minimum Annual Salary Scale amounts shall be adjusted by applying the percentage increase (or decrease) in the Salary Cap from the preceding Salary Cap Year to the current Salary Cap Year. The Minimum Annual Salary Scale applicable to a player is determined by the Salary Cap Year encompassing the first Season covered by the player’s Contract. Accordingly, for example, if the first Season covered by a player’s Contract is the 2018-19 Season, then the Minimum Annual Salary Scale for the 2018-19 Salary Cap Year shall apply for each Season of the Contract. (b) No 10-Day Contract or Rest-of-Season Contract (as those terms are defined in Sections 9 and 10 below) shall provide for a Salary of less than the Minimum Player Salary applicable to that player. (c) In determining whether a Player Contract provides for a Salary of no less than the Minimum Player Salary applicable to that player, the allocation of a deemed signing bonus in respect of an “international player payment” in excess of the Excluded International Player Payment Amount for such Salary Cap Year as set forth in Article VII, Section 3(e) (but no other bonuses) shall be considered as part of the Salary provided for by a Player Contract, provided that such Player Contract makes clear that the Salary for each Season (including the allocation of any such deemed signing bonus) equals or exceeds the Minimum Player Salary for such Season. (d) On July 1, 2017, any Player Contract entered into before the effective date of this Agreement that is not terminated on or before June 30, 2017 and provides for a Salary for the 2017-18 Season or any future Season that is less than the applicable Minimum Player Salary for such Season as set forth in the Minimum Annual Salary Scale for the 2017-18 Salary Cap Year (attached as Exhibit C hereto) shall be deemed amended to provide for the applicable Minimum Player Salary for such Season(s) under such Minimum Annual Salary Scale based upon the playe...
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Minimum Player Salary. (a) Except with respect to 7-Day Contracts provided for in Section 9 below, Rest-of-Season Contracts provided for in Section 10 below, Replacement Contracts provided for in Section 11 below, and Rookie Scale Contracts, no Standard Player Contract covering the following Seasons shall provide a Base Salary of less than the following amounts: Years of Service 2014 2015 2016 2017 2018 2019 2020 2021 0-2 $38,150 $38,913 $39,676 $40,439 $41,202 $41,965 $42,728 $43,491 3+ $55,000 $55,275 $55,550 $55,825 $56,100 $56,375 $56,650 $56,925 (b) Nothing in this Section 7 shall alter the respective rights and liabilities of a player and a Team, as provided for in this Agreement or a Standard Player Contract, with respect to the termination of a Player Contract. (c) Every Contract entered into between a player and Team that is intended to provide for only the Minimum Player Salary for one or more Seasons must contain the following sentence in Exhibit 1 of such Contract and shall be deemed amended in the manner described in such sentence: “This Contract is intended to provide for a Base Salary for the Season(s) equal to the Minimum Player Salary for such Season(s) and shall be deemed amended to the extent necessary to so provide.” (d) Every Player Contract entered into between a player and a Team that covers the 2013 Season and one or more subsequent Seasons, and that is intended to provide for Base Salary equal to the Minimum Player Salary for such Season(s), (i) must state in Exhibit 1 of such Contract that the Base Salary for the 2013 Season is the amount provided for in Section 7(a) above and for all Season(s) after the 2013 Season is the “Minimum Player Salary,” and (ii) shall comply with and be subject to the provisions of Section 7(c) above. The player’s Salary for each Season shall equal her then-applicable Minimum Player Salary.
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Minimum Player Salary. ‌ (a) Except with respect to 7-Day Contracts provided for in Section 9 below, Rest-of-Season Contracts provided for in Section 10 below, Replacement Contracts provided for in Section 11 below, and Rookie Scale Contracts, no Standard Player Contract covering the following Seasons shall provide a Base Salary of less than the following amounts: Years of Service 2020 2021 2022 ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ 2026 2027 0-2 $57,000 $58,710 $60,471 $62,285 $64,154 $66,079 $68,061 $70,103 3+ $68,000 $70,040 $72,141 $74,305 $76,535 $78,831 $81,196 $83,631 (b) Nothing in this Section 7 shall alter the respective rights and liabilities of a player and a Team, as provided for in this Agreement or a Standard Player Contract, with respect to the termination of a Player Contract. (c) Every Player Contract entered into between a player and Team that is intended to provide for only the Minimum Player Salary for one or more Seasons must contain the following sentence in Exhibit 1 of such Contract and shall be deemed amended in the manner described in such sentence: “This Contract is intended to provide for a Base Salary for the (d) In the event that the Base Salary in any Player Contract entered into prior to January 17, 2020 and covering the 2020 Season and, if applicable, any Season thereafter (an “Existing Contract”) is below the Minimum Annual Salary, the Base Salary in such Player Contract shall be automatically adjusted so that the Base Salary in 2020 and, if applicable, any Season thereafter shall equal the Minimum Annual Salary. Nothing herein shall in any way prevent a Team from terminating an Existing Contract at any time.
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Minimum Player Salary. (a) Except with respect to 7­Day Contracts provided for in Section 9 below, Rest­of­Season Contracts provided for in Section 10 below, Replacement Contracts provided for in Section 11 below, and Rookie Scale Contracts provided for in Article VIII, no Standard Player Contract covering the following Seasons shall provide a Base Salary of less than the following 0­2 $34,500 $35,190 $35,880 $36,570 $37,260 $37,950 3+ $50,000 $51,000 $52,000 $53,000 $54,000 $55,000 (b) Nothing in this Section 7 shall alter the respective rights and liabilities of a player and a Team, as provided for in this Agreement or a Standard Player Contract, with respect to the termination of a Player Contract. (c) Every Contract entered into between a player and Team that is intended to provide for only the Minimum Player Salary for one or more Seasons must contain the following sentence in Exhibit 1 of such Contract and shall be deemed amended in the manner described in such sentence: “This Contract is intended to provide for a Base Salary for the Season(s) equal to the Minimum Player Salary for such Season(s) and shall be deemed amended to the extent necessary to so provide.” (d) Every Player Contract entered into between a player and a Team that covers the 2013 Season and one or more subsequent Seasons, and that is intended to provide for Base Salary equal to the Minimum Player Salary for such Season(s), (i) must state in Exhibit 1 of such Contract that the Base Salary for the 2013 Season is the amount provided for in Section 7(a) above and for all Season(s) after the 2013 Season is the “Minimum Player Salary,” and (ii) shall comply with and be subject to the provisions of Section 7(c) above. The player’s Salary for each Season shall equal her then­applicable Minimum Player Salary.
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Related to Minimum Player Salary

  • Minimum Salaries 12.1 The minimum base salary for all Bargaining Unit members shall be as follows: 12.2 The minima defined in this Article shall apply to AAUP-represented adjuncts on a pro-rated basis proportional to their percent of full- time.

  • Salary Scale The salary scale applicable to Employees shall be set out hereinafter in the Wage Schedule.

  • Annual Salary Executive's compensation shall consist of an annual base salary (the "Annual Salary") of one hundred fifty thousand dollars ($150,000), before all customary payroll deductions. The Annual Salary shall be reviewed, and shall be subject to change, by the Board of Directors of Employer (or the Compensation Committee thereof) at least annually while Executive is employed hereunder.

  • Base Salary and Bonus As compensation for the Executive's services under this Agreement, the Executive shall receive and the Company shall pay a weekly base salary set forth on Exhibit A. Such base salary may be increased but not decreased during the Term or Renewal Period in the Company's discretion based upon the Executive's performance and any other factors the Company deems relevant. Such base salary shall be payable in accordance with the policy then prevailing for the Company's executives. In addition to such base salary, the Executive shall be entitled during the Term or Renewal Period to a performance bonus set forth on Exhibit A and to participate in and receive payments from, at the Company's election, other bonus and other incentive compensation plans, if any, as may be adopted by the Company.

  • Base Salary Executive will be paid an annual base salary, during the Term, in the amount set forth in Addendum A, as may be increased or decreased by Employer from time to time (“Base Salary”). The Base Salary shall be payable by Employer in regular installments in accordance with Employer’s general payroll practices (in effect from time to time). All amounts payable to Executive as compensation hereunder shall be subject to all required and customary withholding by Employer.