Common use of PAY OR PLAY Clause in Contracts

PAY OR PLAY. Nothing herein shall obligate the Company to exploit Cxxxxx’x name or likeness or any of the content or materials created by Cxxxxx hereunder. Notwithstanding any term to the contrary contained herein, provided that this Employment Agreement is not terminated pursuant to Section 2(b)(iii), 4(a), 4(b)(B), 4(c) or 4(d) hereunder, the Company shall be obligated to pay to Cxxxxx the full Royalty and grant to Cxxxxx all RSUs for the entire Term in accordance with the terms hereof and the RSU Award Letter.

PAY OR PLAY. Nothing herein shall obligate the Company to exploit Cxxxxx’x Xxxxxx’x name or likeness or any of the content or materials created by Cxxxxx Xxxxxx hereunder. Notwithstanding any term to the contrary contained herein, provided that this Employment Agreement is not terminated pursuant to Section 2(b)(iii), 4(a), 4(b)(B), 4(c) or 4(d) hereunder, the Company shall be obligated to pay to Cxxxxx Xxxxxx the full Royalty and grant to Cxxxxx Xxxxxx all RSUs for the entire Term in accordance with the terms hereof and the RSU Award Letter.

PAY OR PLAY. Nothing herein shall obligate the Company to exploit Cxxxxx’x Xxxxxx’x name or likeness or any of the content or materials created by Cxxxxx Xxxxxx hereunder. Notwithstanding any term to the contrary contained herein, provided that this Employment Agreement is not terminated pursuant to Section 2(b)(iii), 4(a), 4(b)(B), 4(c) or 4(d) hereunder, the Company shall be obligated to pay to Cxxxxx Xxxxxx the full Royalty and grant to Cxxxxx Xxxxxx all RSUs for the entire Term in accordance with the terms hereof and the RSU Award Letter.

PAY OR PLAY. Nothing herein shall obligate the Company to exploit Cxxxxx’x Xxxxxx’x name or likeness or any of the content or materials created by Cxxxxx hereunderXxxxxx hereunder or to conduct any JC Events. Notwithstanding any term to the contrary contained herein, provided that this Employment Agreement is not terminated pursuant to Section 2(b)(iii), 4(a), 4(b)(B), 4(c) ), or 4(d) hereunder, the Company shall be obligated to pay to Cxxxxx Xxxxxx the full Royalty and grant to Cxxxxx Xxxxxx all RSUs for the entire Term in accordance with the terms hereof and the RSU 0000 XXX Award Letter.