Common use of Minimum Commission Clause in Contracts

Minimum Commission. The annual minimum commission (the “Minimum Commission”) for each Contract Year is set forth below. Termination by SHGS under Section 3 will not relieve LE of its obligation to pay the Minimum Commission for the then current Term. 2014* $2,744,000 $4,116,000 $6,860,000 2015 $2,744,000 $4,116,000 $6,860,000 2016** To be negotiated. 2017** To be negotiated. 2018** To be negotiated. * The annual Minimum Commission for this Contract Year will be pro-rated based on the total number of days in the First Contract Year. ** Minimum Commission applies to this Contract Year only if this Agreement is extended under Section 2(c).