Common use of Prizes Clause in Contracts

Prizes. NYCUA shall contribute a total sum for all participating credit unions in the State of New York in the aggregate of prizes awarded throughout twelve months equal to thirty eight thousand dollars ($38, 000.00). The winners of the Monthly and Quarterly Prizes will be drawn from among all participants from New York credit unions in the raffle; they will not be drawn on a per credit union basis. Each winner will be notified via telephone, e-mail, or standard U.S.P.S. mail. The prizes are non-transferable. The prizes are all cash prizes and the amount of the prizes will be deposited into each winner’s regular share account in the credit union through which the winner entered the raffle. The distribution of prizes for the 20__/20__ program year is as follows: (a) NYCUA shall contribute twelve thousand dollars ($12,000) for monthly prize drawings from October to September as follows: One thousand dollars ($1,000) shall be awarded with sixteen (16) prizes of twenty five dollars ($25), eight (8) prizes of fifty dollars ($50) and two (2) prizes of one hundred dollars ($100) each month. Drawing for Monthly Prizes will be conducted within fifteen (15) days of the conclusion of the previous month, for each valid entry. (b) NYCUA shall also contribute twenty six thousand dollars ($26,000) for the quarterly prizes awarded in the months of January, April, July and October as follows: One (1) prize of five hundred dollars ($500), one (1) prize of one thousand dollars ($1,000) and one (1) prize of five thousand dollars ($5,000) each quarter. Drawing for Quarterly Prizes will be conducted within fifteen (15) days of the conclusion of the previous quarter, for each valid entry.

Prizes. NYCUA shall contribute a total sum for all participating credit unions in the State of New York in the aggregate of prizes awarded throughout twelve months equal to thirty eight thousand dollars ($38, 000.00). The winners of the Monthly and Quarterly Prizes will be drawn from among all participants from New York credit unions in the raffle; they will not be drawn on a per credit union basis. Each winner will be notified via telephone, e-mail, or standard U.S.P.S. mail. The prizes are non-non- transferable. The prizes are all cash prizes and the amount of the prizes will be deposited into each winner’s regular share account in the credit union through which the winner entered the raffle. The distribution of prizes for the 20__/20__ 2015/2016 program year is as follows: (a) NYCUA shall contribute twelve thousand dollars ($12,000) for monthly prize drawings from October to September as follows: One thousand dollars ($1,000) shall be awarded with sixteen (16) prizes of twenty five dollars ($25), eight (8) prizes of fifty dollars ($50) and two (2) prizes of one hundred dollars ($100) each month. Drawing for Monthly Prizes will be conducted within fifteen fourteen (1514) days of the conclusion of the previous month, for each valid entry. (b) NYCUA shall also contribute twenty six thousand dollars ($26,000) for the quarterly prizes awarded in the months of January, April, July and October as follows: One (1) prize of five hundred dollars ($500), one (1) prize of one thousand dollars ($1,000) and one (1) prize of five thousand dollars ($5,000) each quarter. Drawing for Quarterly Prizes will be conducted within fifteen fourteen (1514) days of the conclusion of the previous quarter, for each valid entry.

Prizes. NYCUA shall contribute a total sum for all participating credit unions in the State of New York in the aggregate of prizes awarded throughout twelve months equal to thirty eight thousand dollars ($38, 000.00). The winners of the Monthly and Quarterly Prizes will be drawn from among all participants from New York credit unions in the raffle; they will not be drawn on a per credit union basis. Each winner will be notified via telephone, e-mail, or standard U.S.P.S. mail. The prizes are non-transferable. The prizes are all cash prizes and the amount of the prizes will be deposited into each winner’s regular share account in the credit union through which the winner entered the raffle. The distribution of prizes for the 20__/20__ 20__/20 program year is as follows: (a) NYCUA shall contribute twelve thousand dollars ($12,000) for monthly prize drawings from October to September as follows: One thousand dollars ($1,000) shall be awarded with sixteen (16) prizes of twenty five dollars ($25), eight (8) prizes of fifty dollars ($50) and two (2) prizes of one hundred dollars ($100) each month. Drawing for Monthly Prizes will be conducted within fifteen (15) days of the conclusion of the previous month, for each valid entry. (b) NYCUA shall also contribute twenty six thousand dollars ($26,000) for the quarterly prizes awarded in the months of January, April, July and October as follows: One (1) prize of five hundred dollars ($500), one (1) prize of one thousand dollars ($1,000) and one (1) prize of five thousand dollars ($5,000) each quarter. Drawing for Quarterly Prizes will be conducted within fifteen (15) days of the conclusion of the previous quarter, for each valid entry.