Company Category Calculation Sample Clauses

Company Category Calculation. The Company Category is arrived at by calculating the weekly box office potential according to the formulae following. The Theatre must provide Equity and PACT with a completed Company Category Calculation before the beginning of each season, prior to issuing CTA Engagement Contracts. In addition, the Theatre agrees to furnish Equity and PACT with a completed Company Category Calculation in advance of altering ticket prices and/or altering the seating capacity of the theatre or theatres under its control and/or mounting a production in a new venue for the Theatre. In instances where the Theatre offers one (1) Pay What You Can performance during a week, the value of each seat for that performance shall be calculated at twelve dollars and fifty cents ($12.50).
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Company Category Calculation. (A) Single Productions, Not Part of a Series Calculate the full value of all seats in each ticket price category (i.e. the price of ticket to purchaser) to derive the box office potential for each performance. Select the maximum number of performances given in any one (1) week (i.e. a Monday to Sunday period as defined in Clause 1614) and add their total potential together to derive the gross weekly box office potential. The price of the ticket to purchaser is the full non-discounted price for the seat. However, Theatre for Young Audience companies which submit Company Category Calculations in accordance with Clause 52, for productions that do not contain a touring element, may use the student ticket price for performances beginning before 4:30 p.m. Subtract Entertainment Tax (if any), Goods and Services Taxes (hereinafter called “GST”) and Capital Improvement Fund surcharges (hereinafter called “CIF”) to derive the net box office potential. (PACT members may apply to PACT and Equity for the exclusion of capital improvement fund ticket surcharges and other venue surcharges from the price of the ticket. This application should be made prior to preparing the Company Category Calculation.) Compare to the table in Clause 1301 to establish Company Category. (B) Series of Productions with Consistent Ticket Prices N.B. Complete a Company Category Calculation for each venue or series separately. Calculate the full value of all seats in each ticket price category (i.e. the price of ticket to purchaser) for each performance in the series (including previews), to derive the gross box office potential per performance. The price of ticket to purchaser is the full non-discounted price for the seat. However, Theatre for Young Audience companies which submit Company Category Calculations in accordance with Clause 52, for productions that do not contain a touring element, may use the student ticket price for performances beginning before 4:30 p.m. Subtract Entertainment Tax (if any), GST and CIF. (PACT members may apply to PACT and Equity for the exclusion of capital improvement fund ticket surcharges and other venue surcharges from the price of the ticket. This application should be made prior to preparing the Company Category Calculation.) Add the box office potential for all performances of each production in the series, to derive the series gross box office potential. If the series of productions is on subscription the Theatre may subtract an additional amount equal to...

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