Common use of Contribution Schedule Clause in Contracts

Contribution Schedule. A. In consideration for the right to sponsor the Program and to be acknowledged by (KBLH)as a sponsor of the Program during the term of this Agreement, Sponsor agrees to make a cash contribution to (KBLH) of dollars ($ ) per year, to be paid in a single lump-sum within thirty (30) days of the commencement of each Term of the Agreement. Further, Sponsor will work with (KBLH) to identify and provide in-kind products, services and/or facilities to (KBLH), (KBLH) members, and/or in connection with (KBLH) activities. B. To the extent that any portion of a payment under this section would not (if made as a Separate payment) be deemed a qualified sponsorship payment under IRC § 513(i), such portion shall be deemed and treated as separate from the qualified sponsorship payment.