Common use of Ongoing Compensation Clause in Contracts

Ongoing Compensation. The compensation for the services rendered hereunder shall be as follows: (a) As used herein, the "Gross Profit" shall mean (i) for Talent Contracts on a standard form such as those used by DT prior to the Effective Date, the entire agent's commission, which has typically been 10% of the gross amount payable to the talent, and (ii) for Talent Contracts where DMG will contract directly with the employer/producer to provide the talent, the difference between the gross revenue received by DMG and the earned amount that DMG must pay to the talent. Gross Profit is recognized for purposes of this Agreement only when payment is actually received by DMG.