Common use of Compensation Reports Clause in Contracts

Compensation Reports. a. [***] During the Term, users of the ▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ Web Site may click through links contained within Pay Per Click Advertisements purchased by ▇▇▇▇▇▇▇▇▇▇.▇▇▇ Advertisers whose listings appear in Search Results that are viewed by such users. Verizon will pay to ▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ [***]. Notwithstanding anything to the contrary, in the event that Verizon determines (in its sole discretion) that ▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ is in breach of any obligation or covenant under this Agreement and such breach remains uncured (as determined by Verizon in its sole discretion) thirty (30) days after notice to ▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ of such breach, in addition to and without waiving any other remedies available to Verizon, Verizon shall have no obligation to pay ▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ any amounts under this Agreement until and unless such breach is cured and, if such breach is cured, Verizon shall be entitled to set off the damages it incurred as a result of such breach (as determined by Verizon in its sole discretion) from the amounts otherwise due to ▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ hereunder. In the event that it is determined, by a court of competent jurisdiction, that Verizon wrongfully withheld payment of amounts pursuant to the foregoing provision of this Agreement, then any such wrongfully withheld amounts shall bear interest at the rate of one and one-half percent (1.5%) per month, until paid in full.

Compensation Reports. a. [***] During the Term, users of the ▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ Web Site may click through links contained within Pay Per Click Advertisements purchased by ▇▇▇▇▇▇▇▇▇▇.▇▇▇ Advertisers whose listings appear in Search Results that are viewed by such users. Verizon will pay to ▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ [***], up to a maximum aggregate payment by Verizon to ▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ of two million, one hundred sixty thousand dollars ($2,160,000) per full calendar year (the "Annual Payment Cap") [***]. Notwithstanding anything to the contrary, in the event that Verizon determines (in its sole discretion) that ▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ is in breach of any obligation or covenant under this Agreement and such breach remains uncured (as determined by Verizon in its sole discretion) thirty (30) days after notice to ▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ of such breach, in addition to and without waiving any other remedies available to Verizon, Verizon shall have no obligation to pay ▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ any amounts under this Agreement until and unless such breach is cured and, if such breach is cured, Verizon shall be entitled to set off the damages it incurred as a result of such breach (as determined by Verizon in its sole discretion) from the amounts otherwise due to ▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ hereunder. In the event that it is determined, by a court of competent jurisdiction, that Verizon wrongfully withheld payment of amounts pursuant to the foregoing provision of this Agreement, then any such wrongfully withheld amounts shall bear interest at the rate of one and one-half percent (1.5%) per month, until paid in full.