Prize Awarding Clause Samples
The Prize Awarding clause defines the process and criteria for granting a prize or award in the context of an agreement or competition. It typically outlines who is eligible to receive the prize, the method for selecting winners, and the timeline for distribution. For example, it may specify that prizes are awarded based on a panel's decision or upon meeting certain performance benchmarks. This clause ensures transparency and fairness in the awarding process, reducing disputes and clarifying expectations for all participants.
Prize Awarding. The Prize will be awarded only upon Prize Winner validation and verification. No substitution, transfer, or assignment of the Prize is permitted. Any entrant who becomes the Prize Winner, including (if and as applicable) any joint owners of the account to the extent that the Eligible Entry that becomes the winning entry was received pursuant to the Automatic Entry Method: (A) grants Sponsor, and its affiliates, the right to use and publish the Prize Winner’s proper name in connection with any Raffle-related promotion, without further compensation, in any advertising or publicity unless otherwise prohibited by law (B) Promises to sign and deliver any waiver, release or other document that the Sponsor may request to evidence the foregoing. By accepting the Prize, the Prize Winner agrees that WSB Bank, its affiliates, subsidiaries, and related companies, advertising and promotion agencies, and all of its officers, directors, employees, representatives and agents (collectively, the “Sponsor Entities”), are not responsible for and will be held harmless by the Prize Winner for any liability, loss, injury, or damage to person (including death) or property, due in whole or in part, directly or indirectly to possession, acceptance, use or misuse of the Prize, or participation in this promotion. No correspondence will be entered into except with the Prize Winner. All entries become the property of the Sponsor. All taxes due because of the awarding of the Prize are the sole responsibility of the Prize Winner. The prize will be paid by a deposit into the winning account.
Prize Awarding. The Prize will be awarded only upon Prize Winner validation and verification. No substitution, transfer, or assignment of the Prize is permitted. Any entrant who becomes the Prize Winner, including (if and as applicable) any joint owners of the account to the extent that the Eligible Entry that becomes the winning entry was received pursuant to the Automatic Entry Method: (A) grants Sponsor, and its affiliates, the right to use and publish the Prize Winner’s proper name in connection with any Raffle-related promotion, without further
Prize Awarding. Unless explicitly differently indicated, all prizes are expressed and awarded in Euros, but for residents in the US they will be given in US dollars, taking into account the exchange rate on the day of the payment. The user shall arrange and send to ▇▇▇▇▇▇ (to the address hereunder in chapter 20), or to a possible provided different address, all documents required to receive the prizes. ▇▇▇▇▇▇ will pay the prize via bank transfer or Pay pal, within ninety (90) days starting from the date of the reception of the relevant request on the part of the winner. The payment term is not essential.