Common use of Bounties Clause in Contracts

Bounties. As full compensation for each Delivered Customer who signs up for the Promoted AT&T Services on the iVillage Sites, iVillage will accrue quarterly bounties ("Accrued Quarterly Bounties") for Delivered Customers in accordance with the bounty schedule in Exhibit A. iVillage will "earn out" the Quarterly Minimum Payments against the Accrued Quarterly Bounties as follows: At the end of each Contract Quarter, if the total Accrued Quarterly Bounties in such Contract Year are greater than the Quarterly Minimum Payments to date in such Contract Year, AT&T will pay iVillage the difference between the Accrued Quarterly Bounties due in such Contract Quarter and the Quarterly Minimum Payment for such Contract Quarter. However, if the Accrued Quarterly Bounties to date in such Contract Year are less than the Quarterly Minimum Payments to date in such Contract Year, no payment shall be due iVillage for any bounties in such Contract Quarter.

Appears in 4 contracts

Samples: License Agreement (Ivillage Inc), License Agreement (Ivillage Inc), License Agreement (Ivillage Inc)

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