Minimum Rates8 Sample Clauses
Minimum Rates8. (A) The minimum rates for employees employed in New York, New Jersey and/or Connecticut on any one-time High Budget SVOD Program, High Budget SVOD pilot and during the first season of any High Budget SVOD series shall be as provided in Article 11(a)(3) of the 2019 Local #798 Major Film Theatrical and Television Series Agreement. During the second season and subsequent production seasons of any High Budget SVOD series, the minimum rates set forth in Article 11(a)(2) of the 2019 Local #798 Major Film Theatrical and Television Series Agreement shall apply.
(B) The minimum rates for employees employed in Delaware, the District of Columbia, Florida, Georgia, Louisiana, Maine, Maryland, Massachusetts, New Hampshire, North Carolina, Pennsylvania, Rhode Island, South Carolina, Vermont, Virginia and/or West Virginia on any one-time High Budget SVOD Program, High Budget SVOD pilot and during the first season of any High Budget SVOD series shall be the rates set forth in Article 11(a)(3) of the 2019 Local #798 Major Film Theatrical and Television Series Agreement, reduced by 10%. During the second and third season of any High Budget SVOD series, the minimum rates for such employees shall lag the rates set forth in Article 11(a)(2) by one year. Thereafter, the minimum rates shall be as set forth in Article 11(a)(2) of the 2019 Local #798 Major Film Theatrical and Television Series Agreement. 8 Rates in the Supplemental Digital Production Agreement shall apply to digitally- recorded High Budget SVOD Programs of the type which, if produced for television, would be considered “non-prime time,” such as iCarly and Saved by the Bell. Sideletter No. 5 Revised as of March 1, 2019
Minimum Rates8. (A) The minimum rates for employees employed in New York, New Jersey and/or Connecticut on any one-time High Budget SVOD Program, High Budget SVOD pilot and during the first season of any High Budget 6 The budget threshold for such a live action High Budget SVOD Program increases to over $30,900,000 effective March 1, 2020 and to over $31,827,000 effective February 28, 2021. 7 The budget shall be determined by the production costs, including the “above” and “below the line” costs and “pre-production” and “post-production” costs. Production costs shall not include: (a) the costs of the premium for a completion bond; (b) a contingency fund not to exceed ten percent (10%) of the budget; (c) costs reimbursed by insurance; and (d) overages caused by a force majeure event or governmental action. The IATSE has been granted the right under the Producer-IATSE Basic Agreement to review a report of the actual expenditures of the production (“Final Expenditure Report”) and such other relevant materials as the IATSE may require which show the actual cost of the production. Local #161 may request that the IATSE conduct such review and make a determination of whether the budget is over the budget threshold set forth in Paragraph F.(4)(a)(iii). In the event that the IATSE refuses to do so, Local #161 reserves its right to conduct such review. All information received or reviewed by representatives of Local #161 or retained professionals shall be confidential and neither Local #161 nor its representatives or retained professionals shall disclose any such information except as necessary to enforce their rights under this Agreement.