Exhibit 10. (i) Every Contract with an Exhibit 10 shall provide the Team with an option (to be set forth in Exhibit 10) to convert the Contract to a Two-Way Contract that provides for the Two-Way Player Salary (“Two-Way Player Conversion Option”); provided, however, that the Two-Way Player Conversion Option (a) must be exercised prior to the first day of the NBA Regular Season, and (b) may not be exercised if it would result in a violation of Article X, Section 4(d). If a Team exercises the Two-Way Player Conversion Option, (w) the Contract’s Exhibit 1A will immediately become null and void and of no further force or effect and the Player’s Compensation shall be equal to the Two-Way Player Salary applicable for such Season, (x) the Player’s right to an Exhibit 10 Bonus (if applicable) will be rescinded, (y) the Player’s Contract, notwithstanding the absence of an Exhibit 2, shall have Base Compensation protection for lack of skill and injury or illness at an amount equal to the Conversion Protection Amount, and
Appears in 4 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
