IDIOCRACY definition
IDIOCRACY. Consistent with Paragraph 1(a)(ii), Exhibit A is amended to include the Property “Idiocracy” as a Targeted Release. Licensee shall develop the following Wireless Product in conjunction with “Idiocracy”: one (1) game entitled “OW, MY ##@@@s” (“IDIOCRACY Wireless Product”).
IDIOCRACY. GUARANTEE AND ROYALTY: There shall be no Individual Property guarantee attributable to the targeted Release “IDIOCRACY”. Licensee may recoup the guarantee Forfeiture Payment (as defined in Paragraph 3 of this Amendment below) from the sales of the IDIOCRACY Wireless Product. At such time that ***** percent (*****%) of the Guarantee Forfeiture Payment is recouped by Licensee, Fox shall earn and Licensee shall pay to Fox Royalties at the rate of ***** percent (*****%) of Licensee’s gross receipts from Licensee’s sale, license, distribution or other exploitation of the IDIOCRACY Wireless Product.
IDIOCRACY. Consistent with Paragraph 1(a)(ii), Exhibit A is amended to include the Property “Idiocracy” as a Targeted Release. Licensee shall develop the following Wireless Product in conjunction with “Idiocracy”: one (1) game entitled “OW, MY ##@@@s” (“IDIOCRACY Wireless Product”). (i) “IDIOCRACY” GUARANTEE AND ROYALTY: There shall be no Individual Property guarantee attributable to the targeted Release “IDIOCRACY”. Licensee may recoup the guarantee Forfeiture Payment (as defined in Paragraph 3 of this Amendment below) from the sales of the IDIOCRACY Wireless Product. At such time that ***** percent (*****%) of the Guarantee Forfeiture Payment is recouped by Licensee, Fox shall earn and Licensee shall pay to Fox Royalties at the rate of ***** percent (*****%) of Licensee’s gross receipts from Licensee’s sale, license, distribution or other exploitation of the IDIOCRACY Wireless Product. (c) “ICE AGE 2”: (i) “ICE AGE 2” WIRELESS PRODUCTS: Licensee shall develop and distribute the following Wireless Products in connection with the property “ICE AGE 2”: (i) 1 Java Game; (ii) 1 Java Application (‘Screensaver’) where feasible; (iii) up to 5 MMS; (iv) up to 10 Wallpapers; (v) and up to 5 Voicetones (“ICE AGE 2 Wireless Products”) in each of the following five (5) languages: English, French, German, Italian, Spanish, with Portuguese, Greek, Dutch and Swedish to be made available where practicable. Licensee shall have the non-exclusive right and license to develop and distribute ICE AGE 2 Wireless Products during the Term of the Agreement for all Wireless Products set forth in this Paragraph 2(c) except the Game, for which Licensee shall have the exclusive right and license to develop and distribute until December 31, 2006. For the avoidance of doubt, Licensee’s right and license to develop and distribute the Game in connection with the Property “ICE AGE 2” shall become non-exclusive after December 31, 2006.
Examples of IDIOCRACY in a sentence
The Guarantee Forfeiture Payment may be recouped from Licensee’s sales of the IN HER SHOES Wireless Product and the IDIOCRACY Wireless Product, as set forth in Paragraphs 2(a)(ii) and 2(b)(i) of this Amendment.